Quadrent, providers of the LOIS SaaS lease accounting platform, is proud to announce that T&G Global have signed and are in the process of finalisation for the implementation of the LOIS solution for the transition to IFRS16.
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.
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: