Aptitude Lease Accounting Engine (ALAE)

A standalone SaaS solution, purpose-built to support IFRS 16 and ASC 842 compliance

Centralized Control

Configure policy elections for different asset classes upfront and apply them automatically with version control

Operational Efficiencies

Automate complexities like non-traditional calendars, multi-entity structures, and embedded leases

Strategic Foresight

Use granular lease data to understand and model the financial impact of individual decisions

Smart Compliance

Out-of-the-box support for multi-GAAP standards with accounting templates, schemas, and disclosures

What is the Aptitude Lease Accounting Engine (ALAE)?

ALAE is a standalone SaaS solution purpose-built to support IFRS 16 and ASC 842 compliance.

Includes data models, business rules, and templates to accelerate compliance
Automated, flexible, and highly configurable
Handles a wide range of complex lease accounting scenarios for both lessees and lessors
Provides consistent, consolidated reporting, full visibility, and control over lease accounting

Addresses both lessee and lessor accounting requirements across all asset classes and revenue line types

SaaS solution, SOC certified on our cloud hosted instances

Disclosure and maturity analysis and comprehensive trial balance reporting for individual lease contracts, components, and portfolios

Multi-basis accounting to support US GAAP, IFRS, and disclosure reporting requirements from a single data foundation

Multiple calendar support allowing entity-specific close frequencies to shorten period end processing

Out-of-the-box and configurable reports to accommodate the unique ways your organization handles lease accounting

Supports many variations of required statutory and management reporting

lease accounting

Web user interface to create and amend lease contracts
Contract upload excel template and automated lease contract uploaded
Accounting forecast with trial balance for each contract
User-definable attributes on contracts
User-configurable reference and configuration data
Audit trail, including the ability to view all historical contract versions
Contract and reference data approval workflow

Configurable double-entry accounting
Accounting at the level of the contract component, asset, or service
Multi-GAAP accounting for individual contracts
Complex custom fiscal calendars
Multi-entity organizational hierarchy
Out-of-the-box and bespoke reports
Single sign-on and segregation of duties by user role and legal entity

Lease determination questionnaire
Example accounting configurations
Configurable support for any asset class
Fixed payments and short-term exemptions
Lease classification tests with configurable thresholds
Lease transfer and classification test override at the transition
Quantitative disclosure reports

Automatic lease classification re-assessment upon modification
Early termination option, purchase option, term extension option, scope increase option, and scope decrease option.
Extensive variable payment options
Automatic translation of credits and debits into local (reporting) and base (group) currency

Cloud Architecture

ALAE is offered as a SaaS solution, ensuring it can be quickly implemented and easily scaled for any organization. Clients benefit from the fact that the management and operational aspects of running ALAE – backups, maintenance, product upgrades – are carried out by our cloud operations team.

This enables organizations to focus on using and getting the business value from the solution.

The processing power and cloud nature of ALAE can take lease processing and reporting times from days to minutes.

Aptitude Lease Accounting Engine Client Success

"What we've found so far is when we go to do processing - 120,000 leases are processed in less than three hours. I mean, this is incredible for us. We could do it every day if we wanted, which that's just amazing. The fact that the controls and error management is built into the product, from a Sox control perspective, that's going to make it so much easier.

Lora Tarabeih

Director of Accounting - Assets and Lease Accounting, T-Mobile
"Aptitude stood out as a vendor who had significant experience handling complex, global projects. The implementation plan they shared with us and their comfort with our high lease and entity volumes gave us confidence that we could achieve compliance despite our very tight schedule."

Kasper Fangle

Head of Group Finance at ISS

Case Study
Clarios selected ALAE based on the flexibility and configurable nature of the solution as well as the ability to generate trial balance capabilities to allow them to see the impacts of lease decisions and verify numbers before they are fed to the General Ledger.

How Aptitude supports the intersection of revenue recognition and lease accounting compliance

As standalone regulations, revenue recognition (IFRS 15 and ASC 606) and lease accounting (IFRS 16 and ASC 842) are each challenging in their own right. However, some industries are in the unique position of needing to look at how these regulations intertwine and solve for them in parallel and where they intersect.

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Related resources for the Aptitude Lease Accounting Engine

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Ready to learn more?

Aptitude provides a mature lease accounting solution with an excellent track record. ALAE is already successfully operating in complex, high-volume environments across industries like medical devices, technology, media and telecoms (TMT), manufacturing, logistics, facilities management, and transport. ALAE supports both lessee and lessor accounting
requirements under the new standards.

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