Best Lease Accounting Software for MRI Software

MRI ProLease provides a comprehensive solution for lease administration and accounting, serving as a fully integrated SaaS platform that enables organizations to effectively oversee and monitor their real estate and equipment leases while adhering to ASC 842 compliance standards. This solution has gained the trust of over 800 clients across 40 different industries, delivering cloud-based software that addresses all facets of lease management, accounting, space utilization, and CAFM needs. As the preferred choice for meeting the new ASC 842/IFRS 16 lease accounting requirements, it facilitates dual reporting on identical leases. Regardless of whether your focus is on real estate or equipment leasing, MRI ProLease is designed to fulfill all necessary criteria with an intuitive and robust interface. Crafted by seasoned industry professionals, it ensures users maintain constant awareness of essential data while simplifying the generation of necessary schedules and reports. Furthermore, the platform’s user-friendly design enhances operational efficiency and supports informed decision-making for lease management.

AMTdirect is widely recognized as the leading solution for lease administration and accounting, specifically tailored to ensure compliance with FASB 842. Aimed at portfolios with fifty or more locations, AMTdirect strives to resolve the everyday challenges encountered by professionals in corporate real estate. The platform enables users to manage a comprehensive inventory of their properties, locations, lease agreements, related expenses, revenues, and documents in a single, accessible interface. Furthermore, for lessee accounting, it facilitates compliance with ASC 842, IFRS 16, and GASB 87 for lease receivables that are connected to a head-lease payable, accommodating both third-party and intercompany subtenants. Additionally, the lease-level accounting feature provides a detailed audit trail for each lease, including all balance sheet calculations such as amortization, opening and closing liabilities, interest, and depreciation for each accounting period in accordance with the company's specific accounting calendar. This holistic approach not only simplifies lease management but also enhances transparency and accuracy in financial reporting.

Utilize MRI ProCalc to create, assess, and contrast various scenarios related to office, industrial, or retail leasing or purchasing. With this powerful tool, professionals can swiftly analyze and break down lease agreements, simplifying cash flow evaluations while exploring various what-if scenarios based on different variables. By examining leases and evaluating the financial repercussions of alternative situations for both tenants and landlords, users can make more informed decisions. This software serves as an invaluable asset for real estate experts engaged in leasing or acquiring commercial, office, industrial, or retail properties. Its goal-seeking feature allows users to uncover the necessary assumptions to achieve specific outcomes, addressing complex inquiries effectively. MRI ProCalc equips commercial real estate professionals with the capability to conduct thorough lease analyses, offering insights from the viewpoints of tenants, sublessors, landlords, or buyers. Therefore, it becomes an indispensable resource for anyone involved in the negotiation process for the lease or purchase of real estate assets. Ultimately, understanding the financial implications of leasing decisions can significantly influence successful negotiations and strategic planning.

Embrace a SaaS platform tailored specifically for corporate real estate (CRE) occupiers, developed around essential real estate workflows. Eliminate obstacles and limitations by leveraging cutting-edge, industry-standard open technologies that facilitate seamless adaptation and integration with both your corporate systems and external applications. Experience an exceptional software suite that offers comprehensive leasing, property, and facilities management capabilities readily available for your use. Stay ahead of the curve in responding to the evolving demands of new lease accounting regulations with FASB ASC 842 functionalities incorporated into the software. If your role involves overseeing real estate operations within your organization, it is crucial to have adaptable corporate real estate software that can effectively navigate the pressures and complexities inherent in your responsibilities. These responsibilities vary from ensuring that fundamental lease, transaction, and facilities management processes operate smoothly and accurately, to fulfilling obligations related to reporting and accounting standards, all while keeping up with market changes and trends that impact real estate management.