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.
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.
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: