TLE 7.10

TLE 7.10: New Algorithms, Greater Transparency, and Smoother Workflows

Less manual effort, more insight, and full traceability. On May 12 (and May 13 for English-speaking customers), users of Tiego Lease Engine (TLE) gathered to explore what's new in version 7.10 – and how lease accounting is now both simpler and more accurate.

Tiego Lease Engine is Tiego's specialist tool for IFRS 16, K3, and municipal regulations such as RKR R5. It's designed to simplify and secure the management of lease contracts – from initial registration to final posting. During the user day, new features were showcased that are based on real customer needs, tested in live environments, and already showing results in closing processes.

Kevin Hall, Product Manager for TLE: "We build TLE together with our customers – and 7.10 is the result of listening, testing, and improving in cycles. It’s not about more clicks – it’s about fewer errors, better documentation, and less stress."

From Lessor to Final Posting – With One Less Click

One of the most appreciated updates is the improved import function. Users can now upload changes directly from lessors or upstream systems – in Excel or other formats – and get assistance to match, review, and approve. This reduces double work and the risk of incorrect entries.

"This feature saves hours – especially for larger companies or those managing many contract changes," one attendee shared after the event.

New Interest Algorithm – More Accurate Cash Flow

Version 7.10 introduces a new interest calculation model. Previously, interest was booked as a prepaid cost – now it is recognized in arrears, aligned with actual usage. The effect on profit remains the same, but the cash flow presentation is more realistic.

For companies with late changes or multiple retroactive adjustments, this means greater precision and easier discussions with auditors.

Full Control Over Asset Lifecycle

With new parameters, users gain better control over when depreciation starts and ends, how disposals are handled, and what residual value remains. Additionally, mid-period cost changes are now processed in a way that reduces impact on the income statement and improves clarity.

Mattias Elfgren, CEO at Tiego: "We want lease accounting to be as robust as any other reporting. You should be able to trust every value – and understand every number."

Built for Municipalities – and Everyone Working with RKR R5

Another key update is support for implicit interest rates under RKR R5. TLE now automatically calculates rates based on market value, residual value, and duration – and documents the entire process. This helps municipalities and regions comply with the rules and simplifies audits.

Documentation as a Tool – Not Just an Attachment

TLE now includes a complete system description – developed to meet auditor requirements but also serving as a reference for controllers and accountants. It describes how the system handles rent-free periods, retroactive contracts, and discount rates during extensions – with full traceability from contract to ledger.

What's Next?

Development continues. In the coming months, Tiego will focus on:

• adding more practice examples to the system documentation,

• enhancing validation logic and automated checks,

• increasing security in line with ISO 27001,

• and preparing TLE for ISAE 3402 audit readiness.

Meanwhile, work is underway on the next version, which will include new report views, approval workflows, and improved drill-down capabilities.

Want to learn more about how Tiego Lease Engine can streamline and safeguard your lease accounting?
Contact support@tiego.se – or book a demo today.