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Steve Madden Selects AMTdirect's Lease Administration and Accounting Solution

Posted by Amber Bigler Newman

11/15/17 8:06 PM

AMTdirect welcomes Steve Madden to our client community. We are delighted to have been selected to help the firm streamline lease administration and accounting ahead of the new lease accounting reporting requirements scheduled to go into effect next year.

Steve Madden, is a publicly traded company based in Long Island City, New York. Founded by designer and businessman, Steve Madden. The high-fashion, rock-and-roll inspired brand designs and markets shoes and accessories for women, men and children. The company's brands include Steve Madden, Steven by Steve Madden, Madden Girl, Freebird by Steven, Stevies, Betsey Johnson, Betseyville, Report Signature, Report, Big Buddha, Wild Pair, Cejon, and Mad Love. 

There are approximately 120 Steve Madden stores across the United States, and 250 in over 65 countries.

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Topics: Customers

AMTdirect and Luminate Capital Announce Strategic Investment

Posted by Amber Bigler Newman

11/8/17 12:50 PM

CHARLOTTE, N.C. and SAN FRANCISCO, Nov. 8, 2017 /PRNewswire/ -- AMTdirect, LLC ("AMTdirect"), a leading provider of lease administration and lease accounting solutions, today announced it has received a strategic growth investment from Luminate Capital Partners, a San Francisco-based private equity firm.

AMTdirect provides contract management solutions for real estate professionals and lease administrators that efficiently organize all lease and related information in a fully automated system that integrates with ERP and accounting systems.  AMTdirect's SaaS platform provides businesses with anytime access to their full property inventory, lease information, contracts, and associated expenses and revenues.  Currently, AMTdirect's SaaS platform covers real estate and equipment lease contracts that generate over   $40 billion   in global accounts payable payments annually.
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Topics: Leadership, AMTdirect Team, Press Releases

AMTdirect Takes on the Movember Challenge

Posted by Amber Bigler Newman

11/1/17 5:55 PM

The AMTdirect team loves to take on a challenge for a worthy cause, and what could be more worthy than men’s health? That’s why we’ve joined the Movember movement to bring attention to some of the biggest health issues faced by men: cancer, mental health, and suicide prevention.

What’s Movember?

Like many great things, Movember got its start in a pub. In 2013 Travis Garone and Luke Slattery sat down for a pint in a quiet bar in Melbourne, Australia.  They noted that the mustache had become a fashion “don’t.”  They found 30 guys willing to try to change that by growing as much mustache as possible during November.

Inspired by the mustache's ability to generate a conversation, the group decided they could use their annual grooming gag to make a difference. In 2014 Adam Garone registered the Movember Foundation to raise funds for the Prostate Cancer Foundation of Australia (PCFA).

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Topics: AMTdirect Team

Ingles Markets Select AMTdirect

Posted by Amber Bigler Newman

10/17/17 7:38 PM

We are very happy to welcome Ingles Markets, a fellow North Carolina company, to the AMTdirect community.  

Robert Ingle opened the first Ingles supermarket in Asheville, North Carolina in 1963. He saw an opportunity to invest in smaller towns and rural communities throughout North and South Carolina that were being underserved by large grocery chains. It was a strategy that proved so successful that expansion into similar communities in Georgia, Tennessee, Alabama and Virginia soon followed. Ingles now operates approximately 200 stores in six southeastern states with annual sales of almost $4 billion.

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Topics: Customers

Critical Lease Accounting Software Considerations

Posted by Amber Bigler Newman

9/21/17 1:19 PM

Many organizations are getting serious about selecting a lease management technology platform that can support the new FASB and IASB lease accounting mandates. If you are like most people, you probably don't choose a lease accounting solution every day, so we thought it would be helpful to offer some of the most important things to keep in mind when considering your options.

1. Find a vendor that is actively implementing customers of your size and in your industry.

We suggest asking any vendor you consider whether they are actively implementing clients under the new standards today. Many vendors are claiming that they have a solution, but what they really mean is that they will have a solution by the deadline date. Ask each solution provider to tell you about their customers who are actively engaged in implementation and insist on a demonstration.

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Topics: FASB, Lease Accounting

Will Changes in Lease Accounting Standards Bring Even More Class-Action Lawsuits?

Posted by Amber Bigler Newman

9/14/17 7:13 PM

The CFO of one of our large retail clients that is currently in the process of making the transition to the new FASB lease accounting standard remarked the other day, “We can’t afford to get this even 1% wrong.” He’s 100% correct. Earlier this year, Cornerstone Research revealed that securities class-action lawsuits related to accounting allegations like GAAP violations and weak internal controls increased 33 percent in 2016 over the year before.

The study called Accounting Class Action Filings and Statements – 2016 Review and Analysis found that an unprecedented number of mergers and acquisitions was a big contributor to the rise in lawsuits, with many cases alleging problems in reconciling non-GAAP to GAAP measures.

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