IFRS 16
South32 sign to use the Quadrent LOIS IFRS 16 software
Quadrent sign new client South32 to LOIS lease accounting software, for full compliance with new accounting standard IFRS16 & FASB ASC 842.
Quadrent sign SaaS product LOIS lease accounting software with new client Delegat, for a full compliance with new accounting standard IFRS16 & FASB ASC 842
Quadrent, a leading lease consultancy and providers of the LOIS SaaS lease accounting platform, is proud to confirm that Delegat, one of New Zealand’s best-known wineries and a truly global wine brand has signed to use LOIS for their transition to IFRS 16.
As a leading New Zealand business and a key player in the establishment of the Hawkes Bay and Marlborough wine regions, Delegat has a unique lease portfolio. The LOIS functionality will enable a simple, practical process of managing this portfolio.
Quadrent intends to leverage their knowledge around Delegat as an existing client, the LOIS system, on-boarding and best practice leasing to ensure Delegat’s IFRS 16 project is simple, robust and easy to implement.
Quadrent is Australasia's leading and most trusted equipment financier and lease portfolio software provider. We enable you to deliver your technology solution via a leasing structure, and manage and report on your lease & asset portfolio for compliance with IFRS 16. Find out more about our services.
LOIS provides you with a consolidated view of all leases within your business structure and full IFRS 16 compliance, whether it be one entity or a global corporate. LOIS refers to Quadrent’s Lease Optimization Information System, which is a fully integrated portfolio and asset management tool for all your IFRS16 lease accounting compliance. We operate it under a master agreement. Plus, we’re the only supplier in Australasia. Read more about LOIS.
LOISlite is a cost effective IFRS 16 / AASB 16 solution that negates the need for internal resource and a full system, while still using a proven platform. Find out more here.
If you're interested in understanding more about IFRS 16 Compliance and LOIS, here are a couple of resources we can provide:
- Read more about IFRS 16 considerations and COVID19.
- Read about LOIS features and benefits and the clients that are already on board with us
- Explore the pros and cons of using spreadsheet applications such as Excel for the transition to IFRS 16 with this short whitepaper (15 minute read).
- Let our recent survey results from LOIS customers demonstrate the value of the product (3 minute read)
- Understand the pros and cons of leasing business assets with our whitepaper (15 minute read).
