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Date Posted: 1/8/2003

Intuit's MRI Clients Ring In New Year with Customized Property Management Applications

Three Companies Receive "2002 MRI Right for My Business Application" Award; New Applications to Meet Unique Business Needs in 2003 and Beyond

CLEVELAND--(BUSINESS WIRE)--Jan. 6, 2002-- Property managers worldwide who used the MRI(TM) Application Tool Kit in 2002 are ringing in the New Year with new, "Right for My Business" software solutions that better meet the unique needs of their business. MRI Real Estate Solutions has awarded three such clients its "2002 MRI Right for My Business Application" award. The award recognizes innovation and excellence in the development of customized business management solutions.

MRI Real Estate Solutions is one of Intuit Inc.'s (NASDAQ: INTU - News) growing roster of software solutions tailored to meet the needs of specific vertical industries.

"Year after year, clients make one resolution for running their business: to spend more time delivering value to their customers and less time on administrative functions," said Intuit's Bob Lasser, vice president and general manager of MRI. "MRI's goal is to help make those resolutions a reality with the MRI Application Tool Kit - a set of tools that enables clients to customize the MRI software to meet the specific needs of their business, without a lot of added expense or effort. With management software that's right for their specific needs, managers are able to focus on higher-value areas of their business."

The three clients selected for the "2002 MRI Right for My Business Application" were awarded at MRI's recent user conference. The awards went to:

Robson Properties of Oklahoma
Peel Holdings, plc, of the United Kingdom
Tishman Speyer Properties of New York City
Criteria for selection included the uniqueness of the business challenge and its solution, the benefit delivered to the organization and the proficiency in using the MRI Application Tool Kit.

Robson Properties: Streamlined Data Entry

Robson Properties, a commercial real estate owner in Claremont, Oklahoma which also owns and manages livestock, needed to integrate information about cattle with financial data. Thanks to a newly created program developed using the MRI Application Tool Kit, managers now have a complete view for each cattle lot, with cattle head and cattle weights included in the company's financial reports. The application also eliminated the need to enter the same data twice.

Tami Rosson, Robson's systems administrator, created the program after attending a training session sponsored by MRI. "The owner wanted all of his data on one report, and with the Application Tool Kit it was fairly easy to make that happen," she said.

Peel Holdings: Customized Reports and Interface

Peel Holdings was concerned that their property managers were having trouble extracting current and historical data. To address the issue, the firm implemented a system that streamlined recovery/service charge data and included an invoice reference number for each new invoice created. New screen views and reports were added to make viewing the data more user-friendly.

"We now have easy access to recovery/service charge data," explained Philip Doyle, information technology manager at the company. "One of the best results is that we now have all accounts payable invoices scanned and accessible from within the MRI application."

Tishman Speyer Properties: More Efficient Collections Process

The collection of delinquent charges is critical to Tishman Speyer Properties' property managers. However, with the multitude of individual leases managed, many of which include special provisions, that task was easier said than done. Thanks to the MRI Application Tool Kit, the company was able to create a new application to track arrearages with respect to special circumstances.

"We now have a much more efficient collection process," said Larry Schachter, director of information technology. "Today, we're able to create reports that enable property managers to focus on collections instead of software, while also keeping upper management informed of collection activity."

Customization Right for Customers, Right for MRI

"Although companies like Robson Properties, Peel Holdings and Tishman Speyer Properties all have some common needs for business management software, they also have needs that are truly unique to their specific companies," said Lasser. "MRI is resolved to helping them develop solutions that quickly and efficiently meet those needs with our Application Tool Kit."

Lasser noted that the MRI strategy is part of Intuit's broader "Right for My Business" strategy to deliver a full range of business management solutions that are right for different businesses.

About Intuit Inc.

Intuit Inc. (NASDAQ: INTU - News) is a leading provider of business and financial management solutions for small businesses, consumers and accounting professionals. Its flagship products and services, including QuickBooks®, Quicken®and TurboTax®, simplify small business management and payroll processing, personal finance, and tax preparation and filing.

Founded in 1983, Intuit has annual revenue of more than $1 billion. The company has nearly 7,000 employees with major offices in 13 states across the U.S. and offices in Canada, Japan and the United Kingdom. More information can be found at

About MRI Real Estate Solutions

An Intuit company, MRI Real Estate Solutions is the leading provider of Information Technology solutions to the global property management industry. With targeted solutions for the multifamily, office, industrial and retail industries, MRI supports more than 4,500 software installations on five continents and in 36 countries. For more information visit

Note to Editors: Intuit, the Intuit logo, Quicken, QuickBooks, TurboTax, FundWare, ProSeries and Lacerte, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries. MRI, among others, are trademarks and/or service marks of Intuit Inc., or one of its subsidiaries, in the United States and other countries. Other parties' trademarks or service marks are the property of their respective owners and should be treated as such.

Intuit MRI Real Estate Solutions
Brendan Hughes, 216/825-6679

Source: Intuit

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