MRI ProLease
1 Review 5/5 ★ ★ ★ ★ ★A cloud based lease accounting software offering ASC 842 and IFRS 16 compliance for real estate and equipment leases.
Product Overview
MRI ProLease is designed for lease administration and lease accounting. It offers dual functionality as both an administrative database and an accounting tool, allowing multiple teams to access it with appropriate security measures. It also supports recent changes to FASB and IASB guidelines to ensure compliance with ASC 842/IFRS 16. Additional features include space management and computer-aided facility management (CAFM).
MRI ProLease integrates with MRI Contract Intelligence to collect data from relevant contracts and other legal documents.
Pros
- Provides secure database access to multiple teams
- Includes space utilization management and CMMS
- Integrates with existing software
Cons
- Limited report customization
- Ocassional slow loading times
Target Market
Medium to large enterprises with significant lease portfolios and complex lease accounting needs. Works well for equipment and real estate leases in a variety of industries including retail, healthcare, education, government, manufacturing and corporate real estate.MRI ProLease Modules
- Lease accounting: ASC 842 and IFRS 16 compliance.
- Lease management: Centralize lease data to enhance visibility and control
- Space management: Manage CAD floor plan layouts, personnel moves, space utilization and seating charts.
- CMMS maintenance management: Work order and preventative maintenance management for timely maintenance and reduced equipment downtime.
- Project management: Site selection, renewals, renovations and dispositions for better project oversight.
- Lease abstraction: AI-powered reporting for extracting data from leases.
MRI ProLease Integrations
ProLease can integrate with existing systems to improve workflow and data accuracy.
Product Overview
Developer Overview
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User Reviews of MRI ProLease
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MRI ProLease Review
Their transition team was terrific. They took the time to understand our current system and map all our current data over to ProLease without any major issues. We were pretty much up and running live on day one.
