The FTSE 250 commercial property investment company will deploy MRI’s property management technology platform across its operations in the UK, Germany and France.
CLS will leverage the MRI solution to rationalise its property and finance processes and systems to improve business agility and overall efficiency, and to enable its business growth strategy to be achieved in a cost-effective manner.
Andrew Kirkman, chief financial officer at CLS, said: “MRI was our preferred choice for a single property management solution across the group to help us continue building up our operations and ultimately provide an even better service to our tenants.
“MRI takes a consultative approach and we see them as becoming a trusted partner, enabling us to meet our business needs. The cross-border capability of the software will allow us to deploy one system across the organisation while simplifying and automating processes – and its flexible nature means that, if necessary, we will be able to integrate complementary technologies as CLS continues to grow.”
The core functions that MRI will deliver for CLS include property management, lease administration, service charge, property accounting, and business intelligence and reporting.
“Having consistent, accurate and accessible data is vital for real estate organisations such as CLS,” said Dermot Briody, MRI’s executive managing director for Europe.
“MRI empowers CLS to bring its diverse European portfolio into one cohesive platform that will generate business insights from data and enable more informed decisions. It is becoming increasingly challenging for property investors to navigate the sheer amount of data available from their extensive property portfolios – particularly when they are spread across multiple countries. However, with the right tools they can turn big data into smart data and gain actionable insights that help them maximise their assets and better serve tenants.”