AMTdirect

RATING:

3.5

(19)

About 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.

AMTdirect Pricing

The product is available on a per month subscription pricing. Contact AMTdirect for details.

Starting price: 

$500.00 per month

Free trial: 

Not Available

Free version: 

Not Available

Contract information
Slide 1 of 6

AMTdirect Reviews

Overall Rating

3.5

Ratings Breakdown

Secondary Ratings

Ease-of-use

3.5

Customer Support

4

Value for money

3

Functionality

3

Most Helpful Reviews for AMTdirect

1 - 5 of 19 Reviews

Beth

Consumer Goods, 5,001-10,000 employees

Used daily for more than 2 years

Review Source: Capterra
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

OVERALL RATING:

5

EASE OF USE

4

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed 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.

Vendor Response

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!

Replied January 2020

Sherri

Higher Education, 5,001-10,000 employees

Used daily for more than 2 years

Review Source: Capterra
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

OVERALL RATING:

4

EASE OF USE

4

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed 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.

Vendor Response

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!

Replied February 2020

Tyla

Health, Wellness and Fitness, 501-1,000 employees

Used daily for more than 2 years

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

1

EASE OF USE

1

VALUE FOR MONEY

1

CUSTOMER SUPPORT

1

FUNCTIONALITY

1

Reviewed March 2024

Quite Possible the worst software and service provider I have ever worked with

This has been a terrrible software to work with. Support has been abysmal and creating custom reports requires knowledge of SQL Programming. Or it can be created by AMT for a fee. There is a fee for everything.

PROS

Very little positive things to identify with this product

CONS

It is clunky to use, not flexible and has multiple functions that are disabled when utilizing both lease administration and the FASB Accounting function. It does not maintain historical records and increasing space or modifying results in historically incorrect data. FASB Dates entered by lease admin do not push over correction to lease accounting. EVERY single expense lease has to be reviewed and the majority need to be manually modified. This is a known issue and has been for over 3 years. The solution provided was "maybe you could track this in excel and check everything". We have been thru 4-5 customer service people and currently there is very little to zero resolution for ongoing issues or new issues.

Reasons for switching to AMTdirect

ASC 842 required a new liability measurement.

Jennifer

Accounting, 501-1,000 employees

Used weekly for less than 12 months

Review Source: Capterra
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

OVERALL RATING:

4

EASE OF USE

4

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed 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

Reason for choosing AMTdirect

ease of use, the sales team was great and responsive. Katy and Pam were excellent.

Vendor Response

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!

Replied February 2020

Tanya

Used free trial

Review Source: Capterra

OVERALL RATING:

5

EASE OF USE

4

CUSTOMER SUPPORT

5

Reviewed June 2015

AMTDirect - My Lifesaver

Detailed information at my fingertips whether on my laptop, cell phone or tablet. Keeps me organized and informed to make better business decisions for the company. Allows me to handle lease negotiations, maintenance/repairs and provide organization for projects concerning the locations in our portfolio. A lot of fields and home page are customizable to suit my daily tasks and needs and to be on the same page with our industry lingo. A great tool for history as well on each property with regards to maintenance and repairs if you have the Facilities Module. This can also assist with lease renewals/negotiations. A little cumbersome at times, because it does have so much information and requires detailed abstraction. But so worth it! You can have AMTDirect abstract for you, but I enjoy abstracting the leases and it really helps me to know my leases.