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Manage Your Leased Assets in Compliance With IFRS 16

It is vital organisations have an asset management system in place to outline and track all leased assets. For many, this might be simple software or an Excel spreadsheet that highlights key data and manages information.

Previously these were helpful in monitoring asset movements. However, due to IFRS 16, these traditional methods don’t work.

Now, more than ever, organisations require full visibility of data. Leases are no longer simply a cost, but now you must properly account for these as a liability and asset in your balance sheet.

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LOIS on computer IFRS16

Asset Management Made Simple

LOIS is a fully automated lease accounting and IFRS 16 compliance software solution with robust, simple and effective processes, including rich portfolio reporting and asset management functionality. This system works in the backend to control and manage all assets as well as contract management. LOIS provides exceptional visibility, the collation of data and actively does the hard work for you. A cost-effective solution to managing your leases.

Additionally, our leasing experts assist with all facets of the asset management lifecycle, which can be broken down into about five key steps.

Asset management made simple

The Complete Solution for Asset Information and Management Services

Would you like to explore more?

Let us show you how easy it is to save time and costs. Clients such as Vodafone, South 32 and QBE are IFRS 16 compliant using LOIS.

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