Quadrent, providers of the LOIS SaaS lease accounting platform, is proud to announce that Evolution Mining have signed and are in the process of implementing the LOIS SaaS product for the transition to IFRS 16.
As a leading growth focused Australian gold miner, Evolution run a diverse range of leases and associated assets. Evolution intend to use the full functionality of the comprehensive lease accounting tool, while also managing the overall portfolio of leases within the system.
Quadrent, with insight from a range of global clients regarding IFRS 16 implementations is excited to make this SaaS project as simple and effective for Evolution to deliver a full compliance solution which also enhances the business process.
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: