Sofos Realty Selects the Powerful MRI Property Management Software to Manage their Growing Portfolio
Sofos will utilize MRI’s flexible, scalable software solutions to automate their property management processes and more efficiently manage their complex accounting needs.
Sofos Realty Corporation, a Hawaii-based company that is consistently ranked among the top three commercial brokerage and property management firms in the State, was looking to update their current property management software to a more streamlined, user-friendly solution. After evaluating the competition, Sofos was impressed with MRI’s robust product suite that included the powerful accounting capabilities and flexibility they required.
“We are very excited to begin our new partnership with MRI Software. We made the decision to implement MRI’s solutions based on the outstanding service and follow-up from the initial contact through the proposal stages of our decision making process, as well as the impressive functionality of the accounting and property management products,” said Gwen Yang, Vice President and Chief Financial Officer at Sofos Realty Corporation. “We could see the detailed analysis in the web presentations and that the proactive support would be there for the long-term. We trust that MRI’s outstanding reputation as the premier provider of commercial property management will serve us well as we look to new ways to enhance service to our clients.”
MRI Commercial Management allows clients to maximize the profitability of their real estate investments and operations on an intuitive, user-friendly platform. The completely integrated system connects a business’s strategic planning activities to daily management tasks and beyond, all the way to performance measurement. Additionally, Commercial Management automates complex calculations like rent changes, late charges, discounted cash flows, and consumer price index (CPI) increases, decreasing the time needed to maintain Sofos’ critical financial data.
“We are thrilled that Sofos Realty Corporation recognized the benefits our solutions could bring to their organization,” said Stephen Baker, Vice President of Product Management at MRI Software. “We are dedicated to creating a memorable user experience, and are confident that our products will greatly improve Sofos’ property management process.”
Sofos will also utilize MRI’s highly configurable accounting engine, MRI Financials. Consisting of the General Ledger and Accounts Payable modules, MRI Financials were designed with flexibility in mind. The system supports a variety of accounting methods, including simultaneous cash and accrual processing; allowing it to adapt to the way each client conducts its business. All modules within the MRI system integrate with one another and the information flows to arguably the most configurable reporting solution in the industry. The company is able to consistently entrust the software to quickly generate reports based on property, bank account, ownership structure and much more. These detailed analyses will enable the company to develop their competitive advantage without sacrificing the quality of their financial records.
“We went through an exhaustive evaluative process before selecting MRI’s software solution,” said Steve Sofos, President of Sofos Realty Corporation. “MRI was the only developer that gave us the complete package of product functionality, well-designed reports, and outstanding customer service that exceeded our expectations. We look forward to this collaboration.”
For more information about MRI’s Commercial Management solutions, visit our website.
About MRI Software
MRI offers property management software solutions to the global real estate management and investment industries. As a leading provider of real estate enterprise software applications and hosted solutions, MRI serves the global multifamily and commercial property industries, helping them improve their bottom line and maximize their returns on their diverse business portfolios. MRI leverages its more than 40 years in business to develop long-term successful relationships with its clients. For more information, visit http://www.mrisoftware.com.
About Sofos Realty
Sofos Realty Corporation was founded in 1989 by S. Steven Sofos, we are the largest locally owned commercial real estate company in Hawaii and are consistently ranked in the top three commercial brokerage and property management firms in the State. Our sphere of expertise encompasses a full spectrum of commercial real estate services covering all product types including office, industrial, retail and investment properties. Our agents are highly trained, experienced professionals, equipped to oversee the development process for all your project needs. We operate under the belief that “success is only achieved through, dedication, loyalty and an unwavering commitment to quality services for our clients.”
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