Leasecake vs ProLease: MRI ProLease Pricing, Lease Abstraction and Accounting Compared

Leasecake and MRI ProLease both sell lease administration with ASC 842 lease accounting to US tenants, and both now market AI lease abstraction. Neither publishes a dollar price. Leasecake anchors its cost to your rent bill and sells to multi location operators such as franchise, restaurant and dental groups. MRI ProLease is one product inside a 2,042 URL property technology suite, comes in three editions, and reaches into equipment leases, subleases and GASB 87 reporting that Leasecake does not name. Everything below was read on each vendor site on September 22, 2026.

Leasecake vs ProLease: which is better?

Leasecake is the better fit for a growing multi location tenant that wants one system, a rollout measured in weeks and a price framed against rent. MRI ProLease is the better fit for a finance team that also holds equipment leases, reports under GASB 87 or FRS 102, or already runs other MRI products. If your real problem is that the leases have never been read, pull the terms out of the PDFs with a dedicated lease abstraction tool first and hand both vendors the same clean file.

Is Leasecake cheaper than MRI ProLease?

Nobody can say from public pages, because neither prints a price. Leasecake states that it costs less than 1% of rent and routes everything else to an Ask Us About Pricing button. MRI publishes prices for exactly two of its products, OnLocation from $60 a month and CTM eContracts from $48 a month, and neither is a lease product; the ProLease pricing URL now redirects to the general products page. Leasecake writes on its own comparison page that MRI requires six month implementations and multi year contracts. MRI writes on its own page that standardized deployment gets you live in weeks, not months. Both are vendor claims, so get each quote in writing for the same lease count, the same standards and the same term.

How much does MRI ProLease cost?

MRI does not publish a ProLease price. The product page carries Get a demo buttons and no dollar figures, the old ProLease pricing URL redirects, and the only MRI prices in its 2,042 URL sitemap belong to a visitor sign in product and a REALTOR contract tool. Software directories print a starting price for ProLease, but that figure does not appear on any MRI page. The full breakdown of what MRI does and does not publish, and how the directory numbers are produced, is in MRI ProLease pricing and MRI Software pricing.

How much does Leasecake cost?

Leasecake does not publish a dollar figure either. Its pricing page says the product costs less than 1% of rent, lists no priced tiers, and its abstraction page offers up to 20 free lease abstractions for new customers with terms and conditions. That rent based framing means a 30 location restaurant group paying high street rents will be quoted very differently from a 30 lease industrial tenant on modest rents. What the model means for your portfolio, and how to convert it into a per lease number, is in Leasecake pricing.

Does MRI ProLease do lease abstraction?

Yes, as a named and separately sold capability. The ProLease page says it will automatically extract, locate and reference critical data, and that it is integrated with MRI Contract Intelligence for even faster abstraction. Contract Intelligence is its own product with its own demo, so the abstraction step is a second purchase on top of ProLease rather than something bundled into the lease accounting license. Ask MRI for both line items on one quote. Our MRI lease abstraction alternative page covers what that add on does with a lease document and where a self serve tool is the cheaper route.

Does Leasecake do lease abstraction?

Yes. Leasecake describes AI assisted abstraction paired with expert validation, says CRE lease experts QA every abstraction, and backs it with what it calls a data accuracy guarantee. It positions abstraction as part of onboarding: the promise on its abstraction page is that a portfolio is live in 1 to 3 months instead of 6 or more. The 20 free abstractions for new customers are the visible part of that offer. What Leasecake does not publish is a per lease abstraction price for leases beyond the free allowance, so ask for it before you assume the rest are included.

Which ProLease edition compares to Leasecake?

MRI splits ProLease into three editions. Enterprise is tailored for large, complex and multinational portfolios with thousands of leases and global accounting standards. Central is built for mid sized organizations managing both real estate and equipment leases. Direct is designed for lean teams that want everything in one place, including CAM reconciliations, disclosures and journal entries. Leasecake sells one platform with modules for lease management, lease accounting, deal management, portfolio analysis and due diligence. The honest pairing for most Leasecake prospects is ProLease Direct or Central, and you should ask MRI which edition it is quoting, because the three are not the same price or the same implementation.

Does Leasecake support GASB 87?

Not on the pages we read. The Leasecake lease accounting page names ASC 842 thirteen times and IFRS 16 eleven times and does not name GASB at all. MRI ProLease names ASC 842, IFRS 16, GASB 87 and FRS 102 on its product page. A public university, a transit agency or a city that leases retail space is therefore comparing ProLease with something else, not with Leasecake. Our GASB 87 lease accounting software page lists the vendors that name the standard.

Which one handles equipment leases?

MRI ProLease does, explicitly. Its page says it handles real estate and equipment leases in one system, including fleet, IT and machinery leases, and tracks asset level contracts, residual value guarantees, write offs and renewals. Leasecake is built around locations: its solutions are organized by company size and by team, and its platform pages talk about leases, deals and portfolios rather than asset registers. A tenant whose embedded and equipment leases are material under ASC 842 should ask Leasecake how it models them before treating the two as equivalent.

How long does implementation take?

Each vendor makes the other sound slow. Leasecake claims a 1 to 3 month rollout and says on its competitor page that MRI style systems need six month implementations and consultant dependency. MRI says its standardized lease accounting deployment gets you live in weeks, not months. Both timelines depend on the same thing: whether your lease data already exists as clean fields or still lives inside PDFs. That reading step is the slow part everywhere, which is why the quickest way to shorten either implementation is to abstract the leases before the platform project starts.

Which one integrates with my accounting system?

MRI ProLease states that it integrates with accounting systems including MRI PMX, and with MRI Contract Intelligence for abstraction; the pull for a company already on MRI property management is obvious. Leasecake lists ERP integration without naming a system on the pages we checked, so a NetSuite, Sage Intacct or Dynamics shop should ask for the connector by name and see it run. Either way, the journal entries only tie out if the lease fields underneath them are right, which is the part a source linked abstract lets you verify line by line.

What happened to AMTdirect?

MRI announced its acquisition of AMTdirect on January 27, 2021, and amtdirect.com now resolves to MRI. Buyers who remember AMTdirect as the mid market option are usually pointed at a ProLease edition today. If that is your history, read what happened to AMTdirect before the MRI call so you know which product the sales team is describing.

Can I abstract my leases before choosing?

Yes, and it turns both demos into a test you control. Upload your most typical lease and your messiest one here, verify the extracted fields against the highlighted clauses, and export the abstract to Excel or CSV. Give both vendors the same file and ask each to build the ASC 842 schedule from it live. You will see how each platform handles the amendments and options, and you will already own clean data whichever one you sign with. The wider field, including the vendors that do publish a price, is in best lease abstraction software and Leasecake alternatives.