Businesses need to have transparency of what is on the lease, where it is, how much it is costing and how long the lease has until expiry.
LOIS provides our customers with a consolidated portfolio view of all leases within the business structure and full IFRS 16 compliance, whether it be a single currency Australasian domiciled entity or a multicurrency global player with disparate systems and decentralised reporting. LOIS is capable of functioning as a stand-alone system or can be integrated into any ERP through a library of APIs and Excel connections.
LOIS offers numerous functions and reporting tools to manage leases and the associated assets from inception to expiration.
Quadrent provides leasing and lease accounting solutions for large corporates and government organisations helping them to cost-effectively finance and report on their assets. This provides customers with an alternative to the traditional bank lending model and is well suited to assets that have a limited useful life.