Maximise ROI with LOIS through enhanced lease management, reduced operational costs and support for commercial decisions beyond compliance.
In today's fast-paced business environment, achieving Return on Investment (ROI) is paramount. While compliance is essential, it is the tangible benefits and cost savings that drive real value. LOIS, a leading lease management and accounting software, has proven to be a game-changer for many businesses by delivering significant ROI through streamlined processes and enhanced operational efficiency.
One of the key challenges businesses face is fragmented lease data across departments, often managed in inconsistent formats. LOIS addresses this issue by centralising lease management, providing a single source of truth for all lease-related information. For instance, Freightways, an ASX-listed logistics company that operates across Asia-Pacific, experienced significant improvements by integrating LOIS into their existing systems. Each business within the Freightways group had their own finance team managing leases separately, so the ability to centralise lease data within LOIS provided significant value.
This centralised approach reduced monthly processing time and increased accuracy across the entire Freightways group, creating operational efficiencies for all of the businesses.
LOIS goes beyond compliance by easing the operational burden of lease accounting. The software's user-friendly interface is suitable for both finance and non-finance users, so it can be adopted seamlessly by any team.
Tegel, New Zealand's largest poultry producer, benefited from the expert lease accounting knowledge of the LOIS team during implementation. The LOIS team supported Tegel through the transition from another system the business was already using, helping to cut months of work out of the implementation process.
Integration with existing ERP systems is crucial for any organisation looking to achieve meaningful ROI. LOIS integrates with a wide range of ERP systems, eliminating the need for time-consuming work to customise it for individual purposes.
BlueScope, a Top 50 ASX-listed multinational, leveraged the robust GL functionality and detailed ERP mapping process within LOIS to eliminate wasted resources from integrating into their existing ERP systems across the globe. This integration ensured full compliance at the same time as providing significant cost savings by switching to a standardised process.
Integrating with existing systems is key to reducing operational inefficiencies and helps LOIS make a positive impact on your business faster.
LOIS provides decision support tools that go beyond compliance, offering strategic insights into critical processes like renewals and lease restructuring.
Infrabuild, a leading Australian steel manufacturer and recycler, eliminated wasted time and cost by using the flexible lease accounting solution within LOIS that aligned to its existing, complex internal process. This flexibility allowed Infrabuild to make informed decisions about optimising its lease portfolio and achieve genuine ROI.
LOIS provides additional functionality for property and fleet managers through a fully customised UX experience that suits their specific needs. The property solution is focused on critical dates and commercial outcomes, empowering property teams to communicate with finance teams and drive better decision-making and forecasting.
The fleet solution achieves ROI through its ability to automate the repetitive process of uploading vendor files, which frees up managers to review invoicing and charging, helps to achieve IFRS 16 compliance, and reduces processing times by 75%.
A strong emphasis on auditor comfort is essential for organisations aiming to achieve ROI. LOIS provides clear audit trails and reporting outputs that align with the expectations of the Big Four.
The auditors for Freightways were comfortable knowing the business was using an IFRS 16 solution that generated accurate calculations and automated journals. This assurance, based on the reputation of the lease accounting software solution, ensured compliance and added value to Freightways by reducing time spent on audit processes.
LOIS is more than just a compliance tool; it's a comprehensive solution that delivers significant ROI through streamlined lease management, operational efficiency, ERP integration, strategic decision support, property and fleet enhancements, and a focus on keeping auditors happy.
Organisations looking to achieve ROI and enhance their lease accounting processes should consider LOIS as a strategic investment that goes beyond checkbox compliance. Read more about how LOIS has helped our clients achieve better outcomes.
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