AMTdirect

AMTdirect operates as a specialized provider of lease management and accounting software, established in 1996 by brothers Scott and Daniel Schubert. The company originated in Cornelius, North Carolina, to address the complexities of lease administration for corporate real estate professionals. Daniel Schubert's background as a cash management consultant for real estate clients at First Union National Bank provided foundational expertise for the venture. Over the years, the company focused on developing a Software-as-a-Service (SaaS) platform to centralize and automate lease management.

A significant milestone occurred in November 2017 when AMTdirect received a strategic investment from Luminate Capital Partners, a private equity firm, to help scale its operations and prepare for new accounting standards like FASB 842 and IFRS 16. Following this investment, the founding brothers transitioned from their executive roles in 2019, with Jeff Ralyea appointed as CEO, while they remained on the board of directors to guide long-term strategy. The company's growth trajectory culminated in its acquisition by MRI Software, a global real estate technology leader, on January 27, 2021. This acquisition integrated AMTdirect into a broader suite of real estate technology solutions.

The firm’s business model is centered on a subscription-based SaaS platform that serves corporate occupiers and lessees across various industries, including retail, healthcare, higher education, and manufacturing. It targets medium to large businesses, particularly those managing portfolios of 50 or more properties. The platform generates revenue by providing tools to manage both real estate and equipment leases, with pricing dependent on the number of users and required customization.

AMTdirect's core product is a cloud-based software that centralizes all real estate data, such as contracts, properties, and maintenance activities. Its key features include lease abstraction, contract tracking, document management, and automated reporting. The system is designed to ensure compliance with global lease accounting standards like FASB, IASB, and GASB. It offers functionality for project management, accounts payable and receivable integration, and financial forecasting to help clients reduce costs, manage compliance, and make data-driven decisions about their real estate portfolios.

Keywords: lease accounting, lease administration, facilities management, corporate real estate software, FASB compliance, IFRS 16, GASB 87, property management tech, lease management solutions, real estate portfolio management, contract management, occupier solutions, lessee accounting, SaaS, FinTech, commercial real estate technology, OPEX reconciliation, expense management, real estate data centralization, asset management