Case Study: Alliance Inspection Management achieves ASC 842 compliance and streamlined management of 550+ leases with Binary Stream Property Lease Management

AiM invests in Property Lease Management to enable ASC 842 compliance across 550 leases

Alliance Inspection Management (AiM), a North American vehicle inspection network handling over 10 million inspections yearly, faced fragmented lease tracking across roughly 550 leases (including leased vehicles) and relied on siloed Microsoft Access records. Concerned about ASC 842 compliance and difficulty validating vendor bills and charges, AiM sought a solution that would integrate with its existing Microsoft Dynamics environment; they selected Binary Stream’s Property Lease Management.

Binary Stream implemented Property Lease Management embedded in Microsoft Dynamics, giving AiM real-time lease visibility, streamlined reconciliations, and the ability to validate invoices against lease terms. The deployment reduced month-end close time by more than four days, enabled management of 550+ leases, reduced billing errors, lowered training needs through Dynamics integration, and delivered ASC 842 (and IFRS 16) compliance.

Alliance Inspection Management

Nestor Alvarez

CPA, Controller