IFRS 16ifrs 16 implementationLease Accounting StandardsLeasesLOISnew accounting standards

South32 sign to use the Quadrent LOIS IFRS 16 software

By February 25, 2019 April 15th, 2019 No Comments

Quadrent, an Australasian leasing and consulting firm with nearly 20 years’ experience, is excited to announce that South32, a global mining and metals company, has chosen LOIS as the solution for transitioning to the new leasing standard IFRS 16.

 

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South32 required a SaaS tool that could support the transition to the requirements of the new standard across a global portfolio in a timely manner. LOIS provides this with a simple and intuitive interface.

 With Quadrent’s core leasing knowledge and the LOIS team’s accounting background we are able to leverage the functionality of the LOIS tool to ensure that South32’s large, complex leases are captured and accounted for correctly now and into the future.

Find out more about LOIS here.