Demo – the first step toward simplified lease accounting
To get started, we are happy to run a demo on contract data in our demo database, often within 24 hours.
Demo
We usually offer a demo within 24h.
Request for proposal
Do you have an RFP? We are happy to respond before the demo
Preparations
Before a demo, we learn about your group and can discuss industry-specific experience and solutions
Our goal with the demo
Our goal with the demo is to show how TLE can help your lease accounting processes and create interest in a complimentary workshop.
Complimentary workshop
A week that changes everything – we go as far as possible at no cost
"We know that working with Excel solutions can be time-consuming and cumbersome, especially when changes are needed after the implementation of IFRS 16. It can be both inspiring and frustrating to see how quickly information can be loaded into TLE and how much analytical power it provides."
Checklist before the workshop
Send to Tiego no later than seven days before the half-day we have together:
- Contract information in Excel format
From the current solution
- Files from finance lease providers
- Output that shows group adjustments from the current solution
- Group structure
- Description of work with changes to contract data
- Monthly balances for lease expenses in local currency
How it works
No later than 7 days before the workshop
We handle around 90% of the preparation work
For larger or more complex cases we schedule an extra meeting.
You spend about 2–3 hours, in addition to meetings
Workshop outcome
You gain unique insight into the system and get to know Tiego's consultants. We want you to feel that you are "on the runway" and, without paying anything, already have a clear understanding of how much remains before the system can be implemented.
Structure: Three blocks
Demo, workshop and possible implementation follow three blocks where the focus is on block 2 "Input and reconciliation" during the demo and workshop.
Registers and reporting
Chart of accounts and core reporting
A demo is run on Tiego's standard chart of accounts for IFRS 16 and K3, based on BAS 2020 and supplemented with the accounts needed for the purpose.
Functionality to allocate per dimension using keys
A complete package for retrieving everything needed for notes
Reports can be retrieved and all information in the system exported
Input and reconciliation
Main focus during demo and workshop
In the demo we show the items below in 1.5 hours, but go deeper during the 3.5 hours we typically book for a workshop.
We spend most of the time before the workshop loading contracts and reconciling against the previously used model. It is common for us to follow up with questions about, for example, automatic renewals and notice periods so we can show the reminders the system can send.
Export files from leasing companies can automate updates
We load lease expenses per local account for easier reconciliation
With this information, we can show that it is straightforward to reconcile whether we are able to credit the amounts booked in debit on these accounts. This analysis is often the basis for the next step – a possible implementation.
Analysis and integration
Integration with group reporting
A strength of TLE is how easy it is to analyze at contract level when needed. We show this in the demo, go deeper in the workshop, and spend more time on it during implementation.
Built-in reports are complemented with Excel export and pivot tables
Reporting from opening to closing balance and flows over time
Integration with most group reporting systems on the Swedish market
We adapt to your group reporting during implementation