MRI Platform X
Implementation, Done Right.
Assetsoft delivers MRI Property Management X (PMX) X.7 implementations end to end for new MRI clients, legacy MRI upgrades from Windows / self-hosted environments, and complex multi-entity portfolios. MRI Software Certified consultants across five countries, with named delivery for Colliers, JLL, Cushman & Wakefield, Rose Associates, Olshan Properties, Morton G. Thalhimer, and other global real estate names.
X.7
of MRI PMX
7
Implementation Methodology
5
USA · CA · ZA · AU · NZ
25+
PropTech Practice
Start With What It Is
What is MRI Platform X (PMX)?
MRI Platform X is the modern name for MRI Property Management X (PMX) — MRI Software's flagship property management and accounting platform. Announced in March 2024 as a ground-up redesign, Platform X represents the result of a multi-year initiative to rethink critical property management functions and workflows for usability, efficiency, and intelligence.
The current major version is PMX X.7. Headline enhancements include enhanced MRI Go search across the platform, configurable grids for all tables including reorder, filter, group, save views, refined import/export functionality for bulk operations, a modernized technology stack, and RPA-ready architecture that enables native automation across modules.
Platform X vs. PMX vs. legacy MRI — the same thing?
Platform X and PMX are the same product. MRI uses Property Management X (PMX) as the formal product name and Platform X as the brand name for the modernized experience. Documentation and consultants use both terms interchangeably. Legacy MRI refers to the older Windows-based and self-hosted MRI environments that PMX replaces — clients running these versions face an upgrade decision to Platform X.7.
Who uses MRI Platform X?
Platform X is built for institutional real estate operators — REITs, global investment managers, large commercial agents like JLL and Cushman & Wakefield, multifamily operators, affordable housing portfolios, and mixed-use property managers. It is purpose-built for real estate accounting including multi-entity, multi-currency, percentage rent, CAM recoveries, IFRS 16, ASC 842 rather than adapted from general-purpose ERP.
What does an MRI Platform X engagement actually involve?
An MRI Platform X engagement covers seven phases: discovery, design, build, data migration, testing, go-live, and hypercare. Most implementations take four to nine months end to end depending on portfolio complexity, the number of modules deployed, integration count, and whether the engagement is a net-new PMX deployment or a legacy MRI upgrade.
MRI Platform X — fast facts
Our PMX Implementation Methodology
Seven Phases, No Surprises.
The methodology we use on every MRI Platform X engagement refined across five countries, dozens of implementations, and 25+ years of MRI delivery in the founder's practice.
Discovery & Assessment
2–4 WeeksMap the current state — existing systems, integrations, customizations, entity structures, and reporting requirements. For legacy MRI clients, this includes a Logic Builder and Page Builder customization inventory to identify which extensions migrate forward, which get rationalized, and which become native Platform X capabilities.
Solution Design
5–6 WeeksDesign the target Platform X configuration: chart of accounts, multi-entity / multi-currency setup, security model, workflow design, and integration architecture. Custom report specifications, Logic Builder workflow specifications, Page Builder screen specifications, and integration interface contracts all signed off before configuration begins.
Build & Configuration
6–12 WeeksConfigure MRI PMX modules — Accounts Payable, Accounts Receivable, General Ledger, Property Management, Lease Management, Commercial Management, Residential Management, and Investment Management where in scope. Develop custom reports, Logic Builder workflows, configure Page Builder screens, and stand up integrations.
Data Migration
4–10 Weeks Overlaps BuildExtract from source systems — Yardi, legacy MRI, Sage Intacct, generic ERP, or spreadsheets. Transform to the MRI Platform X data model with field-level mapping documentation. Validate via reconciliation passes against source-system control totals, balance sheets, and key portfolio metrics.
Testing & Training
3–5 WeeksUser acceptance testing across each module, integration testing, parallel close testing against a known-good source period, and role-based user training. Train-the-trainer for super-users plus end-user enablement materials and recorded sessions.
Go-Live & Cutover
1 Week + First Close CycleCoordinated cutover with a parallel-operations strategy where appropriate. Day-one stabilization with embedded support, daily standups, and rapid issue triage during the first close cycle on the new platform.
Hypercare & Optimization
30–90 DaysEmbedded consultants resolve issues, refine workflows, and identify optimization opportunities. Documentation handover, knowledge transfer to internal teams, and transition to ongoing MRI help desk and platform health check cadence.
Modules We Implement
Every MRI Platform X Module, Configured Right.
We deliver across the full MRI Platform X module set, not just the core property management module. Whether your portfolio runs investment management waterfalls, commercial lease accounting, residential operations, or all three, we have certified consultants who have done the work before.
Accounts Payable
Invoices · 1099-NEC · ApprovalsVendor management, invoice entry, approval workflows, payment runs, 1099-NEC processing, and AP automation integrations.
Accounts Receivable
Billing · Lockbox · CollectionsTenant billing, lockbox import, cash receipts, collections, late fee automation, and statement generation.
General Ledger
Multi-entity · Multi-currencyMulti-entity GL with intercompany eliminations, multi-currency revaluation, journal automation, and consolidated reporting.
Property Management
Operations · Units · WorkflowsProperty setup, unit management, occupancy tracking, work orders, and operational workflows for residential and commercial portfolios.
Lease Management
Full lifecycle · ASC 842 / IFRS 16Lease drafting, execution, rent commencement, escalations, option tracking, and ASC 842 / IFRS 16 lease accounting compliance.
Commercial Management
CAM · Percentage rent · RecoveriesCAM recovery cycles, percentage rent calculations, tenant allowance tracking, and recoveries reconciliation for commercial portfolios.
Residential Management
Multifamily · Affordable · SeniorMultifamily operations, affordable housing compliance, senior living workflows, and resident lifecycle management.
Investment Management
Funds · Waterfalls · IRRFund accounting, waterfall models, IRR calculations, capital call workflows, and investor reporting for real estate investment firms.
Legacy MRI → PLATFORM X.7
Upgrading from Legacy MRI to PMX X.7.
The most-requested MRI engagement we deliver. Self-hosted Windows MRI environments running heavy Logic Builder and Page Builder customizations moved cleanly to the modern Platform X cloud architecture with 30 to 50 percent less custom code than they started with.
Windows / Self-Hosted
- Self-hosted on-premise infrastructure
- Windows-based UI, no modern web access
- Heavy Logic Builder & Page Builder customization
- Custom code accumulated over years of patches
- Manual import/export, limited search
- Reporting requires technical user every time
- RPA bolted on externally, never native
Cloud-Native Platform X
- Cloud / SaaS deployment, no infrastructure to manage
- Modern web UI, accessible from anywhere
- 30–50% less custom code (rationalized to native)
- Configurable grids, enhanced MRI Go search
- Refined import/export functionality built-in
- Self-service reporting for end users
- RPA-ready architecture for native automation
Named MRI Platform X Engagements
The Companies That Trust Us with Their MRI Platform X.
A selection of global and regional names where Assetsoft has delivered MRI implementation, customization, integration, or ongoing support. Each engagement is referenceable on request.
Colliers
GlobalJLL
GlobalCushman & Wakefield
GlobalRose Associates, Inc.
USA · NYOlshan Properties
USA · NYMorton G. Thalhimer
USA · VANAI Elliott
USA · ORRay Fogg
USA · OHEdmonton Airport
Canada · ABGrowthpoint
South AfricaPlus additional regional engagements with Lendlease, Ascendas, and others across Asia-Pacific. Detailed case studies are shared on request after a brief qualification call.
Quick Comparison
Legacy MRI vs. MRI Platform X.7.
The differences that matter when CFOs and IT leaders decide whether to upgrade, what changes, what improves, and where the operational impact lands.
| Dimension | Legacy MRI | MRI Platform X.7 (PMX) |
|---|---|---|
| Deployment model | Self-hosted / Windows-based | Cloud-native SaaS |
| User interface | Windows desktop application | Modern responsive web UI |
| Search capability | Limited, module-bound | Enhanced MRI Go global search |
| Table grids | Static columns and views | Configurable grids on all tables |
| Import / Export | Module-specific, often manual | Refined bulk import/export across modules |
| Automation | External RPA bolted on | RPA-ready native architecture |
| Customization | Logic Builder & Page Builder accumulated | Same tools, rationalized to native where possible |
| Upgrade frequency | Manual major version upgrades | Continuous deployment cadence |
| Mobile access | Limited or none | Built into modern web UI |
| AI capabilities | External only | Ask Agora AI integration ready |
Questions Prospects Actually Search
MRI Platform X Implementation, Answered.
The questions real estate CFOs, COOs, and IT leaders type into ChatGPT, Claude, and Gemini before commissioning an MRI Platform X engagement answered directly.
Announced as a ground-up redesign in March 2024, the current major version is X.7. Platform X covers Accounts Payable, Accounts Receivable, General Ledger, Property Management, Lease Management, Commercial Management, Residential Management, and Investment Management — with enhanced MRI Go search, configurable grids for all tables, and refined import/export functionality.
Both names describe the cloud-based, modernized version of MRI's property management software, current major version X.7. Documentation, training materials, and consultants typically use PMX and Platform X interchangeably.
Smaller residential or commercial portfolios with a single entity and standard modules can be completed in approximately four to five months. Larger multi-entity portfolios, investment management deployments, and legacy MRI upgrades with substantial Logic Builder / Page Builder customizations typically take six to nine months.
The variable is rarely Platform X itself; it is data migration complexity, integration count, and the rationalization decisions on legacy customizations.
For most mid-market real estate operators, implementation services range from the low six figures to the high six figures. Larger enterprise portfolios with investment management, multiple geographies, and complex integrations can reach seven figures.
Assetsoft provides fixed-price or capped time-and-materials quotes after the discovery phase — never blank cheque pricing. Software licensing is separate and contracted directly with MRI Software.
Accounts Payable · Accounts Receivable · General Ledger · Property Management · Lease Management · Commercial Management with CAM recoveries and percentage rent · Residential Management with multifamily and affordable housing workflows · Investment Management for fund accounting and waterfalls · MRI Go search · configurable reporting.
Adjacent modules include MRI Analytix business intelligence, Ask Agora AI, MRI FM facilities management, tenant screening, and tenant and owner portals. Assetsoft delivers configuration across the full module set.
(1) Customization assessment — inventory every Logic Builder workflow, Page Builder screen, custom report, and integration to classify as migrate, rationalize, or replace with native Platform X capability.
(2) Infrastructure decision — self-hosted, hybrid, or fully cloud.
(3) Data migration planning with reconciliation gates at each stage.
(4) Cutover execution with parallel operations during the first close cycle on X.7.
Most legacy MRI environments carry customizations that were workarounds for limitations the X.7 platform now addresses natively, which reduces total custom code by 30 to 50 percent without losing the business outcomes.
Our team includes consultants who have completed MRI's official certification programs and have delivered MRI implementations continuously across five primary regions: the United States, Canada, South Africa, Australia, and New Zealand.
Additional MRI delivery work spans Lendlease, Ascendas, and other regional engagements across Asia-Pacific. Detailed case studies are available on request after a brief qualification call.
Key enhancements include enhanced MRI Go search across the platform, configurable grids for all tables, refined import/export functionality for bulk operations, modernized technology stack, and RPA-ready architecture for native automation.
X.7 represents a multi-year, ground-up redesign of MRI's core property management functions and workflows designed for usability, efficiency, and intelligence.
Assetsoft has built Platform X integrations with banks, payment processors, AP automation engines, AssetLink, Microsoft Power Platform, Power BI, Zoho, SAP Concur, document management systems, tenant screening providers, and bespoke APIs.
Integration patterns include real-time API, scheduled batch, event-driven via message queues, and direct database where supported.
This is a primary reason institutional REITs and global investment managers choose Platform X over single-entity-focused platforms.
Delivery is led from Markham, Ontario, with delivery centers in Pune and Chennai, Colombo, and Dallas, providing 24/7 coverage across all five primary regions.
(1) Extract from source Yardi, legacy MRI, Sage, generic ERP, or spreadsheets.
(2) Transform to the MRI Platform X data model with field-level mapping documentation.
(3) Validate via reconciliation passes against source-system control totals, balance sheets, and key portfolio metrics.
(4) Execute production cutover with a rollback plan documented up front.
Test conversions run two to four times before the production load, with reconciliation gates at each pass.
Logic Builder for workflow rules and business logic · Page Builder for custom screens and layouts · Custom report development against the Platform X data model · Platform X API for integrations.
All customizations follow MRI-supported patterns and are upgrade-tested, so they survive future Platform X version changes.
After hypercare, clients transition to ongoing MRI help desk support tiered Level 1 to Level 3 with SLAs, follow-the-sun coverage from delivery centers in Canada, the USA, India, and Sri Lanka, year-end and month-end coverage windows, and quarterly platform health checks.
First, dual-platform fluency. Assetsoft is also a Yardi ICN Member and Virtuoso Qualified, so we understand the broader real estate ERP landscape when advising on Platform X versus alternatives, M&A consolidations, or coexistence patterns.
Second, named-client depth across five countries, including Colliers, JLL, Cushman & Wakefield, Rose Associates, Olshan Properties, Morton G. Thalhimer, Edmonton Airport, and Growthpoint.
Third, founder-led practice continuity. The senior consultants on every Platform X engagement average 10 to 20 years of MRI-specific experience, not junior pass-throughs.
Get Started
Ready to Start Your MRI Platform X Project?
Whether you're planning a Platform X.7 upgrade from legacy MRI, a net-new PMX implementation, or just exploring whether MRI is the right fit for your portfolio, we'd like to talk. Free thirty-minute consultation with a senior MRI consultant, no obligation.
