Contract information
Supported Operating System(s):
Mac OS, Web browser (OS agnostic), Windows 8, Windows 10About AMTdirect
AMTdirect is a cloud-based lease accounting and administration software solution. It provides one central location to manage all real estate leases and equipment leases, while ensuring FASB compliance and improving process controls.
With the mandate to comply with the new FASB lease accounting standards (FASB 842), AMTdirect offers a turn key solution for FASB compliance and lease administration through their technology solutions, expert implementation and data abstraction services.
Users are provided with customer system configuration, seamless integration with their accounting system, scheduled monthly reports, and proactive operating expense management.
18 Reviews of AMTdirect
Average User Ratings
Overall
3.61 / 5 stars
Ease-of-use
3.5
Value for money
3.5
Customer support
4.0
Functionality
3.0
Likelihood to Recommend
Not likely
Very likely
January 2020
Beth from Shoe Carnival, Inc.
Verified Reviewer
Company Size: 5,001-10,000 employees
Industry: Consumer Goods
Time Used: More than 2 years
Review Source: Capterra
Ease-of-use
4.0
Value for money
5.0
Customer support
5.0
Functionality
5.0
January 2020
AMT Software Review
I am very pleased with AMT and hope to get Lease Administration fully integrated into AMT
Pros
Everything is in spot and accessible via the web
Cons
There are few glitches with the new FASB rules but it seems to be leveling off.
Response from Asset Management Technologies
Replied January 2020
Thanks for the awesome review, Beth! We work hard to meet the expectations of our customers, and we're happy to hear we hit the mark for you. Thank you for your continued loyalty and we're excited to get lease administration up and running for you as well!
February 2020
Sherri from Johns Hopkins University
Verified Reviewer
Company Size: 5,001-10,000 employees
Industry: Higher Education
Time Used: More than 2 years
Review Source: Capterra
Ease-of-use
4.0
Customer support
5.0
Functionality
4.0
February 2020
AMT Manager
My overall experience with AMT is positive. I have a long history as a user and have built good relationships with some of their team members.
Pros
Portfolio Insight is what I like most about this software.
Cons
ASC 842 / Accounting Manager is what I like least about this this software.
Response from Asset Management Technologies
Replied February 2020
Hi Sherri, thanks for leaving us such a wonderful review. We are thrilled that you have enjoyed your experience with AMTdirect. We put customer experience and satisfaction as a top priority, and your review reaffirms the hard work we put in every day. So thanks for your kind words and we look forward to continuing to serve you!
June 2019
Dave from Vivint Solar
Verified Reviewer
Company Size: 1,001-5,000 employees
Industry: Renewables & Environment
Time Used: Less than 12 months
Review Source: Capterra
Ease-of-use
3.0
Value for money
3.0
Customer support
5.0
Functionality
3.0
June 2019
Has potential once they get through growing pains
We signed up for AMTDirect a year ago and the experience started rocky, but is getting better. This review is from an Accounting perspective as we primarily use this software for ASC 842 capabilities. I felt that a year ago, AMTDirect was missing quite a few features that we were sold on. They have been working hard to improve and many new features have rolled out over the past year. Stability was troubling a year ago, but has improved a lot. They do still have the occasional hiccup, but I believe it will continue to improve as they roll out additional resources. There are still some features that we'd like to see, such as automated disclosure reports, better lease transfer capabilities, better mass uploads and short-term lease expense reporting. However, where the system currently falls short, the AMTDirect team will either help you find workarounds to get the info you want, or manually build reports for you that have what you need, and as I understand it, nearly all of what we want is in development. Because of this I give them high marks for customer service. I feel a lot better about where AMTDirect is heading after seeing the concern their CEO has. I believe the software in its current form is about on par with most other lease accounting software for ASC 842, which is why I give 3 stars for the other categories. As they continue to improve and roll out features, I will update my review to reflect that.
Pros
It serves as one database where all your leases can be stored. Customer service will do what is in their power to help you resolve issues, they will do their best to help you through growing pains. After writing an initial bad review, I have edited this review to increase my ratings because the CEO personally reached out to me to understand our issues and work to resolve our frustrations. I believe they do care about their customers and want to help.
Cons
There are some growing pains. ASC 842 proved to be much more difficult and far-reaching than any software companies anticipated, with each customer having unique needs. I do believe AMTDirect stumbled a bit when first preparing for this, but to be fair, they are working furiously to correct issues and roll out new features. Our experience was that we were sold on a finished ASC 842 ready product with all the features we wanted, and that wasn't the case when we signed up a year ago. Since then, the Company has rolled out a lot of new features. Not everything we need is there yet, and they acknowledge that, but there are typically workarounds they will help you with, and their service teams go out of their way to prepare things manually for you if the system can't produce them. After discussions with their CEO, I believe their intent is genuine, and they will continue to improve and roll out the remaining features we need.
Response from Asset Management Technologies
Replied June 2019
Thank you so much for your kind words, Dave. We really appreciate you taking the time to share your experience with us. We count ourselves lucky to have customers like Vivint Solar that continue to provide us feedback....it helps us get better every day! One of our core values is to be passionate about customer success and I'm glad you were able to feel that from our team. If you ever need anything, please don't hesitate to reach out.
January 2020
Jennifer from blumshapiro
Verified Reviewer
Company Size: 501-1,000 employees
Industry: Accounting
Time Used: Less than 12 months
Review Source: Capterra
Ease-of-use
4.0
Value for money
5.0
Customer support
5.0
Functionality
4.0
January 2020
review of AMT
Great people and easy to work with! AMT has been a great partner in helping us implement!
Pros
ease of use and that it is cloud based and we could share it with clients-also loved the AMT team that helped us
Cons
Still looking to develop some easier to use reports for us as a CPA firm using the software and standard chart of accounts. We are using the software to implement ASC 842 for many clients and need simple reports and easy chart of accounts that we can use on many clients
Reasons for Choosing AMTdirect
ease of use, the sales team was great and responsive. Katy and Pam were excellent.
Response from Asset Management Technologies
Replied February 2020
Hi Jennifer, Thank you so much for taking the time to leave us a review and for the positive feedback. We're so happy to hear you find our solution easy-to-use and that you've enjoyed working with the team at AMTdirect. We think they are pretty great too!
July 2015
Fred from Caleres
Verified Reviewer
Time Used: Free Trial
Review Source: Capterra
Ease-of-use
4.0
Customer support
5.0
July 2015
Great Product/Great Customer Service
AMTdirect has been a great solution for our company to switch from a client server based system to a cloud based application. The product is very user-friendly and creates a single data source for our Real Estate departments. In addition to portfolio management and accounting processes, AMT has been a great solution for our document management needs. AMT has a very robust reporting tool allowing user-defined and ad-hoc reporting. The AMT team is wonderful to work with and they truly care about their clients. The support and customer service has been remarkable.
