AMTdirect alternatives: what happened to AMTdirect software, and what MRI ProLease costs

AMTdirect was a North Carolina based provider of lease accounting, lease administration and facilities management software for corporate occupiers and lessees. Its customers used it to organize lease portfolios and stay compliant with FASB, IASB and GASB lease accounting standards. MRI Software announced the acquisition on 27 January 2021, describing AMT as a way to deepen its offering for corporate tenants and noting that MRI then served roughly 2,000 occupier clients worldwide. AMTdirect had been an investment held by Luminate Capital Partners, and MRI said at the time that it would continue to support AMT users without interruption.

Support continued. The brand did not. We checked the public trail in August 2026 and every path that used to lead to AMTdirect now leads into MRI's own product line.

Read that redirect chain carefully, because it tells you which product replaced which. The AMTdirect URL does not land on a generic marketing page. It lands on ProLease, through a URL that still carries the word "direct" in the path. MRI folded the AMT product into ProLease rather than retiring the functionality, which is good news if you are a current user and awkward news if you were hoping to buy AMTdirect on its old terms.

There is no published price for AMTdirect, and there is no published price for MRI ProLease either. Both call to action buttons on the ProLease page are "Request demo" and "Get the Brochure". There is no signup, no trial, and no rate card. Pricing is scoped in a sales conversation against portfolio size, module mix and contract length, which is normal for enterprise lease platforms and unhelpful when you are trying to build a budget in an afternoon.

What you can price is the alternative. Below is how the buying model differs, using only figures each vendor publishes itself.

Be careful comparing a lease accounting platform to an abstraction tool on sticker price alone. They do different jobs. ProLease calculates ASC 842, IFRS 16, GASB 87 and FRS 102 schedules and holds your portfolio as a system of record. Abstraction turns the signed PDF into the structured data those calculations need. Most teams that get burned bought the second thing expecting the first, or bought the first and discovered nobody had done the second.

Alternatives split into three shapes, and picking the wrong shape is the expensive mistake. Work out whether you need a system of record, a compliance engine, or verified lease data, then shortlist inside that shape.

One honest note on where MRI wins. If AMTdirect was doing your lease accounting and your facilities management, and your team has years of process built around it, staying on ProLease is the lowest-risk path and the one with no data migration at all. Nothing on this page beats "the data is already in there and the schedules already tie". The moment that stops being true, everything below applies.

Every platform migration proposal you receive will contain a line called data migration, and it will be quoted as if it were a file transfer. It usually is not. Legacy lease records carry fields that were keyed years ago by people who have left, against a lease that has since been amended twice. Exporting those records moves the errors into the new system faster.

The safer sequence is to re-derive the data from the source documents, then load a verified file. That is what abstraction is for. You upload the executed lease and every amendment, and each field comes back linked to the clause it came from, so a reviewer can click a rent step and see the paragraph behind it rather than trusting a legacy record.

A practical order of operations for a team leaving AMTdirect:

• Pull the current record out of the legacy system and treat it as a draft, not as truth.
• Re-abstract the leases that carry money or risk first: anything with CAM caps, percentage rent, or an unusual gross-up clause.
• Reconcile the two. Where the abstract and the legacy record disagree, the clause wins.
• Load the reconciled file into the new platform, and keep the abstract as your own copy.
• Rebuild the critical date calendar from the abstract, not from the old system's reminders.

That order matters most for anything option-driven. Renewal windows, termination rights and expansion options are the fields that silently break in a migration, because they are stored as dates rather than as the notice mechanics that produce the dates. If you want the detail on which fields to pull and in what order, our guide to how to abstract a commercial lease walks the whole field list, and ASC 842 implementation covers what the accounting side needs from each abstract.

None of this argues against buying a platform. It argues for doing the abstraction as its own step, with its own verification, instead of hiding it inside a migration line item nobody owns.