Dottid and MRI Software to Integrate Their Systems

Proptech company Dottid and MRI Software announced a partnership involving a two-way integration intended to eliminate “manual double-entry bookkeeping” and instead enable “increased efficiency and portfolio growth opportunities for asset managers and brokers.”

Dottid focuses on asset management, brokerage, leasing, and debt oversight, with the claimed ability to manage all deals in one place rather than searching through old spreadsheets, emails, or paper documents. Data visualization allows access to real-time information on vacancies and upcoming expirations. Deal processing has push notifications for attention when specific actions are necessary and checklists for progress. Entire deal teams can collaborate within the software framework.

MRI has been around since 1971 as a vendor of management and operational software, whether for residential property; CRE owners, operators, and occupiers; or an integration and automation platform that purportedly can help break down operational silos. The partnership is part of MRI’s Partner Connect program.

“Through this integration, Dottid users can effortlessly manage their deals from the pre-signature phase in Asset OS, the company’s proprietary technology, to final deal terms validation in MRI Commercial Management solution,” the company’s press release says. “The bi-directional API [or application programming interface] ensures smooth transmission of data between two platforms to keep rent rolls synchronized, saving time and significantly improving the asset management workflow.”

Presumably, even asset owners that contract out operational management to companies using MRI applications could in theory pull in needed data to better oversee results and inform decisions.