How did we improve lease and platform performance?


Improvements in IBM TRIRIGA Performance

By Rick Rhea & Jay Manaloto

What has the IBM TRIRIGA performance team been up to? Over the last few years and last few releases, our performance team has focused on areas that aren’t normally covered by our standard benchmark tests, and on tools that can help customers to resolve performance issues on their own. If you’re interested, here are a few of our recent improvements in lease and platform performance.

  • Lease Benchmark Testing: Not only are database server and process server resources especially important, but using multiple process servers improves performance.
  • New Recommended Indexes: Several additional indexes were identified and added to the best practices to obtain the best response times and resource utilization of the database server.
  • Lease Journal Entries: By redesigning journal entry processing with parallel and batch processing, and multiple process servers, our test results took only about 2.5 hours instead of over 90 hours.
  • Platform Enhancements: Dynamic workflows can now pass and return parameters, the Query task can now return the number of records instead of the actual records, and the Trigger Action task can now run the asynchronous event that occurs after the transition by a user other than the currently logged-in user.
  • BIRT Reporting & Lease Disclosure Reports: In Version 3.6.1, the reporting was modified to improve running on a separate BIRT server, and to avoid the problematic “params.displayText”.
  • Performance Analyzer Tool: In Version 3.5.3, this tool was introduced to allow a customer to run specific logging types without using the Admin Console, and to view easy-to-read reports.
  • Module Level Associations, Early Adopter Feature: In Version 3.7.0, the platform was enhanced to support Module Level Associations (MLA) tables where the records in the IBS_SPEC_ASSIGNMENTS table are distributed into smaller tables that are created by module type.

By applying the above finding and tools, our recent IBM TRIRIGA 10.7.0 / 3.7.0 release has demonstrated a significant improvement in performance over previous releases. But we’re not done yet! Our performance team will continue to dig deeper into weaker areas or potential opportunities to make our products stronger or faster. So stay tuned for any upcoming developments!

Note: For future releases, “Module Level Assignments” will be renamed “Module Level Associations”.

References:

[Admin: This post is related to the 07.27.17 post about the Performance Analyzer. To see other related posts, use the Performance tag.]

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ValuD: What are the best practices for TRIRIGA implementations?


Part 1: Leasing Software

Earlier posts focused on the best practices followed by ValuD during IBM TRIRIGA application upgrades. In this blog series, we highlight the best practices that ValuD advocates for an IBM TRIRIGA 10.5.3 leasing software implementation…

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Part 2: Data Readiness

Our earlier blog focused on the key learning from ValuD’s 10.5.3 implementations. In the next couple of blogs, we list our recommendations for each stage of the implementation life cycle. In this post, we focus on data readiness, data migration, and the design phases…

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Part 3: Journal Entries Setup

Continuing with our recommendations for each stage of the implementation life cycle, today we focus on the build process and general ledger (journal entry) integration steps…

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Part 4: Testing & Training

In our final blog of this series, we list our recommendations for the last two phases of the implementation life cycle: TRIRIGA testing and training…

[Admin: This post is related to the 01.10.18 post, 08.07.17 post, and 09.24.15 post about the best practices for configuring and upgrading TRIRIGA applications. To see other related posts, use the Best Practices tag or Implementation tag.]

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ValuD: Six major enhancements for lease accounting in TRIRIGA 10.5.3


Let’s review the six major enhancements for advanced lease accounting…

  • 1. Period end close capabilities. TRIRIGA 10.5.3 delivers “Advanced Lease Accounting Period Close” which ensures that no additional journal entries can be posted for that closed period…
  • 2. Enhanced segregation of duties. With IBM TRIRIGA 10.5.3, the roles and responsibilities of Lease Accountant and Lease Administrator have been clearly delineated…
  • 3. Streamlined modification processing. A revised process for recording lease modifications has been introduced in this version which supports FASB/IFRS compliance and creates a single process flow for all modifications…
  • 4. Disclosure requirements templates (quantitative metrics). IBM TRIRIGA 10.5.3 comes pre-loaded with a variety of OOB report templates which support FASB/IASB lease accounting compliance…
  • 5. Journal Entry Configuration Framework. With capabilities to generate Journal Entries for ASC 840 and ASC 842 under US-GAAP, as well as for IAS 17 and IFRS 16, IBM TRIRIGA 10.5.3 practically transforms the Real Estate Manager module into a sub-ledger system for Real Estate and Asset Lease Accounting…
  • 6. Simplified ERP Integration (Data Transfer Object). IBM TRIRIGA 10.5.3 simplifies the process of transferring the lease accounting data into your ERP system by creating a Data Transfer Object (DTO) file that loads into the ERP General Ledger…

[Admin: To see other related posts, use the ValuD tag.]

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How does TRIRIGA tackle 2019 lease accounting change implications?


Are you getting ready to address the implications of the new lease accounting changes with TRIRIGA? Although FASB’s ASC 842 and IASB’s IFRS 16 will take effect in 2019, many organizations are only now beginning to realize the amount of effort required to meet the new standards…

The biggest changes to businesses will be the new Right of Use (ROU) Assets and Lease Liabilities that will hit balance sheets, as well as the intensely manual approaches and effort that many see before them. How many organizations are leveraging Integrated Workplace Management Systems (IWMS) to manage their real-estate holdings and automate these manual efforts?…

In order to help organizations comply with the new standards, and understand the implications of these changes, TRIRIGA continues to deliver a single integrated workplace management system with new enhancements in the next release. TRIRIGA supports the lifecycle of facilities management and will automate compliance activities to address changes that affect multiple teams and roles.

Here’s how TRIRIGA can help:

  • CFO and CAO: The release of IBM TRIRIGA 10.5.3 will provide a sub-ledger system for real estate and asset lease accounting that is able to generate journal entries out-of-the-box for ASC 840 and ASC 842 under US-GAAP as well as for IAS 17 and IFRS 16. It also covers period closings and report generation for the most common reports required under the new standards.
  • Real Estate and Fixed Asset Managers: The release of IBM TRIRIGA 10.5.3 separates the duties of a lease administrator and a lease accountant, allowing the lease administrator to enter contractual information, and then enabling the lease accountant to run classification tests, reassess lease decisions, and report on the ROU Asset and Lease Liability.
  • Facility Management, and Occupants: There are also new capabilities to improve day-to-day and occupancy experience. They can leverage a new Workplace Services offering that engages everyday employees through new mobile web apps that provide access to services managed by IBM TRIRIGA, anywhere, and on any device. This includes: a new Service Request app to submit work requests, a new Reservation app to quickly create reservations for individual workspaces or multi-attendee meeting rooms, and a new location-aware Workplace Services Portal to provide a single, unified access point for launching the apps and tracking status of requests…

[Admin: To see other related posts, use the FASB tag or IFRS tag.]

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