AMTdirect
by MRI Software · Lease Accounting
Lease accounting and administration software for ASC 842, IFRS 16 and GASB 87 compliance.
- Works with
- SAP, Oracle, Microsoft Dynamics, NetSuite
- Deployment
- Cloud
- Company size
- Mid-market, Enterprise
- Pricing
- Quote-based
- Founded
- 1996
- Headquarters
- North Carolina, United States
Overview
AMTdirect is a cloud-based lease accounting and lease administration platform originally built for corporate occupiers and lessees managing large real estate and equipment lease portfolios. Founded in 1996 and based in North Carolina, AMTdirect was acquired by MRI Software in January 2021 and now operates as part of MRI's lease accounting and contract intelligence product line, continuing to be marketed and supported under the AMTdirect name.
The platform centralizes lease contracts, locations and related documents into a single system of record, automates the calculations required for modern lease accounting standards (ASC 842, IFRS 16 and GASB 87), and manages the full lease lifecycle including renewals, rent changes, terminations and extensions. It is aimed at organizations with sizeable, complex lease portfolios (commonly cited as 50+ locations) across real estate and equipment leases.
For accounting teams, AMTdirect calculates right-of-use assets, lease liabilities, amortization schedules and disclosure reports, then exports the resulting journal entries for posting to the general ledger of the customer's corporate ERP system, either via standard report/export files or through an API that interfaces ASC 842 journals and lease payments directly to the ERP.
Screenshots & demo
Demo video from the vendor's YouTube channel.
Features & capabilities
Lease Accounting & Compliance
Automated calculations and disclosures for modern lease accounting standards.
- ASC 842 (FASB) compliance calculations
- IFRS 16 compliance calculations
- GASB 87 compliance calculations for public sector entities
- Right-of-use asset and lease liability calculation
- Automated amortization schedules
- Lease classification (finance vs. operating)
- Disclosure reporting (interest, amortization, cash flow, weighted terms)
Lease Administration
Centralized repository and lifecycle management for lease portfolios.
- Centralized lease and property document repository
- Critical date and renewal/expiration alerts
- Lease lifecycle event tracking (renewals, terminations, rent changes)
- CAM/operating expense reconciliation (Operating Expense Manager)
- Portfolio and location management
GL / ERP Integration
Posting lease journal entries and payment data to the corporate ERP.
- Journal entry export for upload to ERP/accounting systems
- API interface for ASC 842 journals and lease payments to ERP
- Automatic recalculation and balance sheet adjustment on lease changes
- Accounts payable/receivable processing support for lease-related transactions
Reporting & Audit
Stakeholder reporting and audit-ready documentation.
- 250+ configurable reports
- Audit trail for every lease transaction
- Real-time compliance status tracking
- Dual entity / multi-book reporting
Common use cases
- Complying with ASC 842, IFRS 16 or GASB 87 for a large real estate lease portfolio
- Centralizing lease contracts and documents for a corporate occupier with 50+ locations
- Automating right-of-use asset and lease liability calculations across a multinational lease portfolio
- Posting monthly lease journal entries to a corporate ERP general ledger via export or API
- Tracking critical lease dates (renewals, rent escalations, expirations) to avoid missed obligations
- Reconciling CAM and operating expense charges against lease terms
- Producing audit-ready disclosure reports for finance and external auditors
Strengths & considerations
Strengths
- Long-established lease accounting specialist (founded 1996) now backed by MRI Software's real estate technology platform
- Purpose-built for large, complex lease portfolios (real estate and equipment) rather than general contract management
- Combines lease accounting compliance with lease administration and CAM reconciliation in one system
- API and export-based journal posting designed to interface with existing corporate ERPs rather than replacing them
ERP integrations
Pricing
Pricing is not publicly listed; AMTdirect is typically sold to organizations with 50+ leased locations and priced based on portfolio size and modules selected. Get an independent shortlist with pricing guidance below.
Technical & security
- Hosting
- SaaS
About the vendor
- Founded
- 1996
- Headquarters
- North Carolina, United States
- Ownership
- Subsidiary of MRI Software (acquired January 2021; previously backed by Luminate Capital Partners)
Alternatives to AMTdirect in Lease Accounting
AMTdirect — frequently asked questions
Does AMTdirect integrate with SAP?
AMTdirect supports GL/ERP integration for lease journal entries through report-based journal exports and an API that interfaces ASC 842 journals and lease payments to a corporate ERP, which customers use to post entries into systems such as SAP. MRI Software does not publish a dedicated SAP-certified connector for AMTdirect.
What accounting standards does AMTdirect support?
AMTdirect supports ASC 842 (FASB), IFRS 16, and GASB 87, covering both private-sector and public-sector lease accounting requirements.
How much does AMTdirect cost?
AMTdirect does not publish list pricing. It is quote-based, typically scoped to organizations with 50 or more leased locations, with cost driven by portfolio size and the modules selected.
Is AMTdirect still a separate product from MRI Software?
AMTdirect was acquired by MRI Software in January 2021. The AMTdirect brand and product continue to be marketed for lease accounting and administration, now as part of MRI Software's lease accounting and contract intelligence portfolio.
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