PRINCIPAL CAPITAL MANAGEMENT SELECTS MRI FOR WINDOWS SOFTWARE.Principal Capital Management of Des Moines Des Moines, city, United States
Des Moines (dĭ moin`), city (1990 pop. 193,187), state capital and seat of Polk co., S central Iowa, at the junction of the Des Moines and Raccoon rivers; inc. , IA has selected Management Reports International's MRI 1. (application) MRI - Magnetic Resonance Imaging.
2. MRI - Measurement Requirements and Interface. for Windows property and asset management software suite, the Cleveland-based software development company.
"We performed an extensive review of the MRI for Windows asset management and general ledger General Ledger
A company's accounting records. This formal ledger contains all the financial accounts and statements of a business.
The ledger uses two columns: one records debits, the other has offsetting credits. systems before selecting this powerful solution," says Steve Pick, chief financial officer for the Real Estate Group of Principal Capital Management. "MRI already has a strong presence with a large portion of our third-party fee managers, and we were impressed with MRI's recent addition of stronger asset management capabilities, such as the new Enterprise Ledger The principal book of accounts of a business enterprise in which all the daily transactions are entered under appropriate headings to reflect the debits and credits of each account. corporate consolidated and portfolio accounting solution."
MRI for Windows Enterprise Ledger is designed to manage complex inter- entity ownership structures, and supports joint ventures, fund management and portfolio-level reporting. MRI for Windows is a comprehensive, integrated software Separate software components or applications that have been combined into one package. See integrated software package. system combining solutions for property management, asset management, and accounting.
Principal Capital Management also made the strategic decision to work with MRI to implement a centralized cen·tral·ize
v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es
1. To draw into or toward a center; consolidate.
2. database solution supported by thin- client/server technology via Microsoft Terminal Server. The company's joint venture partner managers and fee managers will connect to the system via various telecommunication telecommunication
Communication between parties at a distance from one another. Modern telecommunication systems—capable of transmitting telephone, fax, data, radio, or television signals—can transmit large volumes of information over long distances. methods on a real-time basis from their remote sites.
"Even though the database will reside with us, our property managers will have full capabilities to input data to the database and generate and print reports and queries locally at their site for the assets they manage," says Pick.
"Having both the property manager and Principal Capital Management on the same system should create major efficiencies and provide benefits to everyone involved," he continues. "The centralized database in combination with MRI's robust asset management capabilities will further enhance our ability to proactively manage assets."
"Communications between property managers and Principal Capital Management staff should be greatly enhanced by this architecture, since each will have access to the same data on a real-time basis. In addition, manual processing and redundant data entry should be greatly reduced."
The Principal Capital Management implementation will include an estimated 300 users at approximately 100 property manager sites throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. to manage nearly 1,000 equity real estate assets.
Principal Capital Management is a member company of the Principal Financial Group specializing in investment management and advisory services advisory services
advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal for institutional clients. The firm's investment team of 254 professionals currently manages more than $80 billion in institutional assets.
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