Quadrent implements LOIS lease accounting agreement with T&G Global

As a key New Zealand producer with over 120 years of history and a diverse range of leased assets, T&G intend to use the comprehensive LOIS accounting lease engine with data supplied from various management systems to ensure they achieve full IRFS16 compliance and all the relevant reporting required.

Quadrent, with numerous New Zealand and Australian clients signed, are excited to bring another key corporate towards the end of their IFRS16 journey and make them ready for actual transition.

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.

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).