AI-powered Property Management X™ elevates the standard for commercial property professionals by providing unparalleled access to data and insights
MRI Software, a global leader in real estate software, is revolutionizing property management technology with the launch of its next-generation Property Management X™ (PMX) solution for the APAC commercial real estate (CRE) industry. This groundbreaking solution is the result of a multi-year initiative to enhance property management functions and workflows, featuring a new mobile app, AI-enabled capabilities, and the MRI Agora Insights platform.
Today’s announcement is timely for Australia’s $31.4 billion CRE industry, where 76% of CRE C-suite and director-level professionals cite automation as a critical priority through 2028, according to MRI’s Digital Transformation Journey report.
Speaking at an exclusive event in Sydney, MRI’s Asia Pacific Vice President of Product Development, Mark Cohen, described the PMX enhancements as a revolutionary shift in property management. The next-generation PMX solution includes six key elements:
- MRI Agora Insights: Harnessing the Power of Data
The MRI Agora Insights platform consolidates data from MRI’s ecosystem, partner solutions, and client applications, offering real estate teams cross-product analytics and configurable dashboards for smarter, faster decision-making.
- Ask Agora: Boosting Efficiency with AI Integration
Utilizing generative AI, the “Ask Agora” feature allows users to query their PMX database in natural language and receive immediate, relevant responses, facilitating informed decision-making.
- PMX Studio Suite: Offering Unmatched Control
The web-based Studio Suite toolkit enables clients to create tailored pages, reports, and workflows, maintaining the flexibility MRI clients expect.
- PMX Reimagined: Transforming User Experience
Clients will access ‘reimagined’ pages with a modern UI/UX designed for maximum usability, simplifying onboarding, enhancing user adoption, and improving data visibility and quality.
- PMX X.7: Strengthening the Core
This release features a more robust and scalable back-end architecture, offering improved speed, reliability, and configurability, along with new features like enhanced MRI Go search and refined import/export functionality.
- PMX On-the-Go: Empowering Property Managers on the Move
The PMX On-the-Go mobile app provides real-time property management, allowing users to access essential tenant, lease, and vendor data instantly, whether in the office or on the move.
Denis Leane, CEO of Cygnet West, praised the mobile app’s convenience, highlighting its ability to retrieve information quickly during site inspections and tenant interactions.
Mark Cohen likened MRI’s full suite to a cityscape, with PMX as the tallest skyscraper and the MRI Agora platform as the foundational infrastructure connecting the ecosystem. He emphasized MRI’s commitment to ongoing collaboration with clients and partners across Asia Pacific.
David Bowie, Asia Pacific Senior Vice President and Executive Managing Director for MRI Software, reiterated the company’s dedication to reshaping industry standards and advancing client profitability and efficiency through innovative technology.
Over 2,500 clients and 50,000 end users worldwide use PMX to manage more than one million residential units and commercial leases. The next-generation PMX solution is expected to be a highlight at the MRI Ascend Asia Pacific users conference from August 7-8, 2024, at the Hilton Hotel in Sydney, with Early Bird registrations now open.
