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IFRS 16

Quadrent sign LOIS agreement with Goodman Fielder

Quadrent sign LOIS lease accounting agreement with Goodman Fielder


Quadrent, an Australasian leasing and consulting firm with nearly 20 years’ experience, is excited to announce that Goodman Fielder, a leading regional food company across Asia Pacific, has chosen LOIS as the solution for transitioning to the new leasing standard IFRS16.

 

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Goodman Fielder were looking for a full IFRS16 compliance solution, but LOIS also provides a simple, easy to use and intuitive SaaS tool that can support the transition to the requirements of the new standard across a fully regional portfolio in a timely manner.

With Quadrent’s core leasing knowledge and the LOIS team’s accounting background we are able to leverage the functionality of the LOIS lease accounting platform for a complex portfolio in order to quickly deliver a full service solution across multiple locations.


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:

 

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