Last Updated
Overview
MRI ProLease software provides comprehensive lease accounting and compliance tools that simplify processes, enhance accuracy, and offer valuable insights. Although some features require additional costs, the platform delivers powerful automation and streamlined lease management for better control.
Overall Rating
Based on 14 users reviews
3
Rating Distribution
Positive
36%
Neutral
57%
Negative
7%
Starting Price
Custom
MRI ProLease Specifications
- Lease Management
- Property Accounting
- Expense Tracking
- Reporting and Analytics
What Is MRI ProLease?
MRI ProLease offers a comprehensive suite designed to streamline property and asset lease management, ensuring compliance with accounting standards. Tailored for diverse portfolio sizes and needs, the software simplifies workflows, centralizes critical data, and supports operational precision. It delivers actionable insights and intuitive tools, enabling property teams to optimize performance and reduce time and financial inefficiencies.
MRI ProLease Pricing
Disclaimer: The pricing has been sourced from a third-party website and is subject to change.
MRI ProLease Integrations
MRI ProLease integrates with various third-party applications, which include:
- SAP
- Oracle
- TechnologyOne
Who Is MRI ProLease For?
MRI ProLease serves various facilities across the property management industry and sectors, including:
- Multifamily
- Affordable/public housing
- Single-family rental
- Condo/HOA
- Healthcare
- Education
- Retail
Is MRI ProLease Right For You?
MRI ProLease provides a comprehensive suite of solutions for lease administration, accounting, and portfolio oversight, enabling cost control and streamlined compliance. Designed to automate IFRS 16, ASC 842, and GASB 87 requirements, the platform enhances operational efficiency while offering actionable insights across lease portfolios. With streamlined workflows and centralized data, the system supports informed decision-making and seamless integration across commercial, retail, and public sector lease management environments.
Still unsure about MRI ProLease? Contact us at (661) 384-7070 for expert assistance.
MRI ProLease Features
Lease Accounting
MRI ProLease software ensures compliance with accounting standards by tracking lease details like end dates, break clauses, and renewals. It efficiently manages multiple lease types, eliminating duplication and supporting core financial reporting requirements.
Equipment Leasing
The platform simplifies complex equipment lease calculations and maintains constant visibility across asset types. It centralizes detailed equipment data, enhancing decision-making and ensuring critical lease terms are never missed.
Transaction Management
MRI ProLease streamlines leasing processes with structured workflows and proactive alerts. The software automates task templates for lease negotiations, terminations, and activities, ensuring tight cost control and faster lease management operations.
AI Invoice Validation
The powerful AI invoice validation feature uses AI to verify invoice accuracy, preventing overpayments and errors. The software continuously cross-checks leases against amendments, enhancing compliance and reducing financial risks through automated reconciliation and validation.
Advanced Reporting
MRI ProLease offers over 250 customizable reports, enabling stakeholders to verify compliance quickly. The platform provides clear operational insights, helping decision-makers monitor leases efficiently with minimal effort.
Scheduling and Distribution
The system automates report scheduling and distribution to stakeholders, ensuring timely communication. It guarantees consistent access to vital lease information, improving internal transparency and collaboration across teams.
Pros And Cons of MRI ProLease
Pros
Critical date reminder data fields ensure important deadlines are not missed
Ease of data input and report generation
Helpful lease reminders and lease search tools for managing large portfolios
Cons
Some features require additional purchases
Loading lease data is time-consuming, affecting overall efficiency
MRI ProLease Reviews
Total 14 reviews
3
All reviews are from verified customers
Rating Distribution
5
Stars14%
4
Stars21%
3
Stars21%
2
Stars36%
1
Stars7%
Share your experience
Automotive, 500+ employees
More than a year
“Quite good but not the best”
Pros
Journal production was pretty simple and mapping everything was quite easy too.
Cons
Setting up a new lease is not as easy as we expected it to be and takes quite a bit of our time.
Rating Distribution
Ease of use
5
Value for money
7
Customer Support
5
Functionality
7
Real Estate, 101-500 employees
More than a year
“Really user-friendly”
Pros
The app is user friendly with a smooth flow from page to page. The way data is entered also makes sense. Overall it took me very little training to get the hang of MRI ProLease for lease abstraction.
Cons
For properties with multiple leases if we upload a document to one lease, it does not become available for the whole property.
Rating Distribution
Ease of use
10
Value for money
10
Customer Support
10
Functionality
9
Staffing and Recruiting, 500+ employees
More than a year
“Works the best for us”
Pros
Everything is easy to reach which makes it a one stop place for us where all info is stored on a single platform.
Cons
I am still getting familiar with all the features and I think more initial training would help a lot.
Rating Distribution
Ease of use
9
Value for money
7
Customer Support
10
Functionality
7
Frequently Asked Questions
Does MRI ProLease offer an API?
Yes, MRI ProLease offers API access.
Does MRI ProLease have a mobile app?
No, MRI ProLease does not offer a dedicated mobile application for lease management. However, the platform is accessible via mobile devices through web browsers, allowing users to manage lease portfolios on the go.
What other apps does MRI ProLease integrate with?
MRI ProLease integrates seamlessly with several third-party applications, including SAP, Oracle, and TechnologyOne, enhancing its lease management capabilities and ensuring smooth data flow across systems.
Who are the typical users of MRI ProLease?
MRI ProLease supports a wide range of property management operations, serving sectors such as multifamily housing, affordable and public housing, single-family rentals, condominiums, and homeowners' associations, as well as healthcare, education, and retail.
What types of pricing plans does MRI ProLease offer?
MRI ProLease price starts at $6,000 per year, with a free trial available to test the platform, and customized quotes providing a detailed breakdown of costs. Disclaimer: The pricing has been sourced from a third-party website and is subject to change.
What level of support does MRI ProLease offer?
MRI ProLease provides support through phone and the MYMRI Portal.
What language does MRI ProLease support?
MRI ProLease supports English.