MILM ++

MILM ++ by MRI Software is a lease administration service designed to streamline and optimize lease management processes for businesses in the real estate, retail, industrial, and higher education industries. This solution is aimed at companies of various sizes, offering features such as outsourced lease administration services, automation, and expert advice to improve decision-making based on accurate data. According to the vendor, MILM ++ allows professionals in these industries to focus on strategic business objectives while benefiting from increased efficiency and valuable insights.

Key Features

Lease Administration Services: According to the vendor, MILM ++ provides outsourced lease administration services to increase bandwidth and knowledge base. It aims to offer faster processes, automation, and expert advice, allowing businesses to make better decisions based on accurate data. The intended result is more time to focus on strategic business objectives.

Save time on projects: By outsourcing administration services to a dedicated team of experts, businesses can uncover hidden costs and avoid missing deadlines, as claimed by the vendor. This feature is intended to lay the groundwork for future portfolio growth.

Optimize real estate team output with outsourced lease administration services: The vendor offers a dedicated Lease Administration Services team to assist with important leasing priorities that businesses may not have the bandwidth for. According to the vendor, this feature helps uncover hidden costs, identify savings opportunities, and review financial considerations.

Lease administration with no strings attached: The vendor exclusively offers lease administration services to occupiers to avoid conflicts of interest. According to the vendor, businesses have the flexibility to choose their own brokerage and consultancy providers, with a provided data layer. The software is designed and regularly updated by professionals who have deep insight into businesses' needs and objectives.

Accounts Payable & Receivable: MILM ++ streamlines the process of rent payments through a monthly reconciliation process. It compares invoices to rents abstracted from leases and highlights any differences.

Lease Management: The vendor claims that MILM ++ provides a dedicated lease administrator to help businesses understand the status of their leases. The software provides a holistic view of leases, aiming to ensure confidence, compliance, and nimbleness.

Lease Abstraction: According to the vendor, MILM ++ utilizes AI-powered lease abstractions to extract necessary data efficiently. This feature is intended to streamline the lease abstraction process, saving businesses time and effort.

Lease Accounting: The vendor states that MILM ++ helps businesses remain in compliance and manage payables accurately through comprehensive lease accounting features. It offers full visibility into lease data for better financial management.

Lease Auditing: MILM ++ enables businesses to conduct regular lease audits to validate charges and mitigate potential risks associated with leases.