How MRI transformed their global expense program and instantly saved $187,000/year with Mesh

Industry:

Real estate, Technology

Location:

Solon, OH

Employees:

3,500

ERP:

NetSuite

HRIS:

Workday

About MRI

Founded in 1971, MRI Software is the leading provider of innovative software solutions for real estate. MRI serves a wide range of real estate businesses—from property-level management and accounting to investment modeling and analytics for both global commercial and residential markets. With a presence on five continents, including the US, Canada, Australia, New Zealand, Singapore, South Africa and the UK, MRI is a truly global company.

The challenge:

MRI’s rapid global expansion over the past several years resulted in increased pressure to control spending, enforce policies and reconcile expenses. Evolving from shared cards and manual processes would be key to avoiding budget overruns, reporting errors and excessive time-consuming work.

They knew they needed a more robust and scalable spend management system, but were concerned that it would be extremely difficult to manage change across so many business units around the world.

The outcome:

After implementing Mesh across all 11 divisions around the world, MRI now has a centralized system to control, enforce and track global spending.

Global-ready: Streamlined expense management across multiple divisions and currencies.

Enhanced visibility: Real-time insights into spending patterns and categorization.

Improved controls: Automated workflows and spending limits for corporate cards.

Reduced fraudulent spending: Ability to identify and prevent misuse of company cards.

Seamless integration: Integration with MRI’s existing NetSuite ERP system.

The story:

Control, cost savings and efficiency

With Mesh, MRI got control of spending and was able to not only save money, but solve many of their operational challenges:

Cost savings: Identified and eliminated $187,000 in annual expenses from unused subscriptions and services.

Increased accountability: Established a clear audit trail for spending and discouraged unauthorized card use.

Improved efficiency: Automated workflows and integrations reduced manual tasks and streamlined categorization.

User-friendly platform: Intuitive design minimized training needs and boosted user adoption.

Increased accountability

Now using Mesh, MRI knows exactly who is spending — and what they’re purchasing. “Mesh has added a layer of accountability,” says Expense & Corporate Travel Lead, Justine Griffin. “That has definitely discouraged people from using company cards for irrelevant charges.”

“What’s super useful with Mesh is now you can actually see who’s buying what – and pinpoint exactly where the charges are coming from.” adds Assistant Controller, Aaron Crow.

Airtight global functionality

Mesh’s global capabilities have allowed MRI to scale as they continue to expand business around the world. Crow says that Mesh’s “airtight global functionality” was the major factor that made them choose Mesh from the get-go.

Excellent user experience

MRI users appreciate the user-friendly interface and intuitive design of Mesh. “I hear from a lot of our people about how easy Mesh is to use,” says Griffin. “I’ve set up multiple trainings where people are just like, ’Yeah, I don’t need your training, you can go ahead and cancel that.’”

In addition to being easy-to-use, employees like the modern feel of Mesh. “It definitely feels like it was built very recently,” adds Crow. “It’s definitely not an old, outdated system where you can tell it was built with outdated technology.”

The conclusion:

MRI Software’s experience with Mesh demonstrates the value of a modern, global spend management solution. By gaining control over its expenses, improving visibility, and streamlining processes, MRI has achieved significant cost savings and improved efficiency.

To learn how Mesh can help your company do the same, schedule a demo with our team.

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