A multi-national credit services client required a new solution that would support lease accounting FASB/IASB compliance and replace their existing SLIM lease administration system as it was no longer being supported. After evaluating several solutions, the client chose IBM TRIRIGA as the solution as the best fit for accounting. ValuD was selected as their TRIRIGA implementation partner, a professional services firm with both CPA lease accounting and TRIRIGA technical expertise.
Under a very aggressive timeline, ValuD implemented the TRIRIGA Real Estate module out-of-the-box plus several enhancements. ValuD’s team of experts stepped in to address data migration issues that were inevitable when transitioning from a legacy system. ValuD utilized pre-developed configurations – solution accelerators to increase the speed of client implementations – to enhance the proration of payment and Consumer Price Index (CPI) calculations. Rent change, accounting cost center enhancements, and additional reports for payment validation and rent escalations were also value-add services performed by the ValuD team.
In the client’s own words: “the project was fantastic, and the people experience was the difference.” The client expressed appreciation for the level of accounting expertise, the deep understanding of the TRIRIGA system, the team’s daily communication, and collaboration with the ValuD team as key to the project success. “ValuD is clearly a results oriented team and the success of our system migration is almost wholly attributable to their involvement.” Working side-by-side with the ValuD team, the credit services client have TRIRIGA configurations that align with their business requirements and challenges were worked through with success. The enhancements have been “huge time savers” and staying true to the out-of-the-box functionality will ease future upgrades. And best of all – the client is fully prepared for lease accounting FASB compliance.