ARGUS Enterprise is established commercial property valuation software. Moraine is document-led underwriting and diligence software for office, retail and industrial acquisitions. Evaluate Moraine when you want a source-linked, editable DCF from broker files; retain ARGUS where a counterparty requires its native deliverables. An Excel import or export does not establish native-file compatibility or identical calculations.
Workflow and limits side by side
| Decision | Moraine | ARGUS Enterprise |
|---|---|---|
| Workflow | Source-linked property DCF, scenario review and XLSX handoff | Commercial property valuation and established ARGUS deliverable workflows |
| Evidence for scope | Moraine facts | Vendor product description |
| Commercial terms | Individual $300/month; Team from $1,500/month; diligence separately $3,000/property | Confirm current quote, scope and terms with the vendor |
| Deliverables to verify | XLSX exports; no finished PDF memo or native ARGUS export | Demonstrate the required output on your source files |
Which team should evaluate each?
Keep ARGUS when your lender or client requires a native ARGUS file. Consider Moraine for source review and acquisition modeling when XLSX output is acceptable. Moraine accepts ARGUS Enterprise Excel report exports; it does not promise a lossless native ARGUS round trip.
Moraine’s current limits include no multifamily, hotel or self-storage underwriting, no native Yardi/MRI connectors and no live multi-user editing. Those are selection criteria, not implementation details. Security status and pricing should also be checked before a live-data trial.
Buyer decision scorecard
| Decision | What to demonstrate |
|---|---|
| Product and edition | Confirm the current ARGUS product, version and features directly with Altus rather than rely on an old competitor checklist. |
| Native deliverable | Ask the recipient which native file or report is required; an Excel import/export is not the same capability. |
| Migration evidence | Reconcile tenant and property cash flows, identify unmapped assumptions and obtain reviewer acceptance before retiring a model. |
For each test, record the expected result, actual result, source evidence, correction required and analyst review time. Agree on a pass criterion before the trial. A source link or vendor description is not a comparative performance result.
A practical comparison test
Bring an ARGUS Excel report export alongside its original rent roll and leases. Reconcile timing conventions, recoveries, TI/LC, vacancy and reversion. Review any unmapped assumptions explicitly. Compare cash flows at matching dates before evaluating differences in IRR or property value.
Record elapsed analyst review time, unresolved inputs, source traceability and required manual corrections. Agree on the expected result from a previously reviewed deal before testing. Neither a vendor’s speed claim nor this comparison is independent evidence of performance.
Sources and disclosure
Published by Moraine, one of the products compared. Vendor scope reviewed October 18, 2026 using the official ARGUS Enterprise product page. Competitor capabilities beyond that page and current commercial terms have not been independently tested. Unknowns are questions for the trial, not claims that a feature is absent.
Related: ARGUS alternatives, OM to DCF software and AI IC memo workflows.