Citing Seamless Integration And Ease-of-use, KSI Management Corp. Announces the Selection of MRI's Residential Management Solution.Business Editors CLEVELAND--(BUSINESS WIRE)--Nov. 27, 2001 MRI's NetSource application hosting solution will provide the Residential Management suite KSI KSI Killed or Seriously Injured (UK road safety statisitcs) KSI Knattspyrnusamband Íslands (football association of Iceland) KSI Kips Per Square Inch (engineering) Management Corp., one of Greater Washington D.C.'s largest diversified diversified (di·verˑ·s real estate companies, has announced the selection of Management Reports International (MRI 1. (application) MRI - Magnetic Resonance Imaging. 2. MRI - Measurement Requirements and Interface. ) to provide residential management technology. MRI is a leading provider of information systems to real estate management organizations worldwide. MRI will provide KSI with a full-featured integrated residential management suite via NetSource, MRI's application hosting service. NetSource provides secure real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. access over the Internet to KSI's data and applications, hosted on MRI's servers and managed by MRI's experts. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Tamara Shifrin, Regional Systems Coordinator Trainer for KSI, the need for an easy-to-use, seamlessly integrated solution was the key factor behind KSI's decision. "We had been using Timberline timberline, elevation above which trees cannot grow. Its location is influenced by the various factors that determine temperature, including latitude, prevailing wind directions, and exposure to sunlight. for accounting and Rent Roll at the property level," explains Shifrin. "Using two systems meant data had to be keyed twice. There was no effective integration. Along with room for error and decreased productivity, this meant no real-time information. We wanted minute-by-minute updates. Instead we were faxing regional reports by period. It wasn't very 21st century. We were ready to move forward." A long list of criteria went into KSI's search for a new system. "We were looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. simplicity," says Shifrin. "Our new solution had to be easy to use at the property level. The data we receive regionally is only going to be as good as the data entered at the site. If the system is difficult, that data won't be entered. A quick training curve was also crucial. Obviously, an intuitive package was important to achieve these goals and MRI has that. "In addition, the new solution had to be complete and fully integrated," she continues. "We did not want any separate pieces or interfaces. We wanted one solution, and MRI provided that for us," says Shifrin. "From an accounting perspective, we were also looking at things like job costing Job versus Process Costing Job costing (also called job order costing) is a fundamental part of managerial accounting. It differs from Process costing in that the flow of costs is traced by job instead of by process. and the ability to manage multiple general ledgers General Ledger A company's accounting records. This formal ledger contains all the financial accounts and statements of a business. Notes: The ledger uses two columns: one records debits, the other has offsetting credits. . "In the end, we liked how everything flows together in MRI. And we liked the simplicity of the system," she says. "MRI's NetSource solution was our choice for these reasons." About KSI www.ketsco.com KSI is one of Greater Washington D.C.'s largest diversified real estate companies, specializing in the development of planned residential communities; luxury, market-rate and Smart Living rental apartments; as well as mixed-used projects. Its communities are home to more than 25,000 people and have a total build-out value of over $5 billion. The company currently manages more than 7,100 units and is growing with more projects in the pipeline. About Management Reports International MRI is the oldest and largest Application Service Provider serving real estate worldwide. MRI's NetSource application hosting solution provides secure, online, real-time access to MRI's premier property and asset management system which includes solutions for multifamily, office, industrial and retail real estate. Founded in 1971, today MRI serves clients on five continents and in 25 countries. |
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