MRI Software Transforms Property Management Tasks with New AI Agent

MRI Software has launched an agentic AI-based workflow in MRI Property Management X to automate month-end close processes and offer user recommendations.

MRI Software, a global leader in real estate solutions and services, has announced new AI property management software capabilities for MRI Property Management X (PMX) AI agent that will increase efficiency and ease the stress for property management and accounting professionals. These new capabilities broaden the scope of AI-powered solutions already accessible to MRI clients, ensuring their position at the forefront of PropTech innovation.

The new agent is a part of Agora Actions, MRI's broader agentic AI initiative, designed to improve the product experience and simplify the workflows through AI-powered property management solutions. This new agentic AI-based workflow in MRI Property Management X is expected to significantly reduce the time spent on month-end close processes while ensuring that finance and accounting teams maintain human oversight and control.

Terry Keller, Chief Technology Officer at MRI Software stated that the real estate firms know AI in real estate operations has the potential to transform how they operate, but many are still figuring out how to utilize it for their business. With these new capabilities, they are removing the barriers and there's no need to evaluate new tools or go through lengthy implementations. He added that the value is immediate, and it's built right into the software they already use.

Keller concluded that MRI Property Management X is setting a new standard for AI-enabled efficiency, while upholding their commitment to security, reliability and trust, and they proud to lead the way for the new frontier of agentic AI in real estate.

MRI’s AI-powered conversational chat, Ask Agora enables customers to engage with their real estate data in normal language and receive prompt, relevant responses. An in-page AI assistant that provides contextual insights, suggestions, and direction to further increase productivity and ease decision-making is now part of the improved capacity.