Introducing LOIS – A solution to enable AASB 16/ IFRS 16 Compliance
Lease Optimisation Information System ‘LOIS’ is a leading innovation in lease portfolio management. LOIS is a hassle-free accounting solution that delivers all the transition tools and functionality needed to extract, validate and report on all the critical lease data. Watch this short video and discover how LOIS is the solution to your leasing management needs.
Fully customisable. Integrated via APIs
LOIS features at a glance
Instant IFRS 16 / AASB 16 compliance, including forecasting, modifications and journals.
All your leases in one portfolio utilising global analytics.
Easily customisable templates let you record exactly the data that is important to your business
Forecast different scenarios using numerous accounting standards (IAS 17, IFRS 16 and FASB ASC 842) to see how metrics change
Stand alone or full API enabled integration allowing you to run your lease portfolio with ease
Amortisation and depreciation schedules and full audit trails provide full data integrity and traceability
Flexible lease management system accounts for change at any detail
Full access control catering to large and small teams and organisational structures.
Is your incremental borrowing rate up to date?
With the current environment in a constant state of change, it’s important to ensure your Incremental Borrowing Rate (IBR) is up-to-date and correct, especially for modifications. This will help avoid any compliance issues or balance sheet inaccuracies down the track.
If you are unsure of why an IBR is important or how to calculate it, our friends at Deloitte have put together some handy FAQs covering the what, why, when and how of IBR.
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