All About LOIS
Check out the new look and feel of our relaunched our LOIS website!
Lease Optimisation Information System 'LOIS' is a leading innovation in lease portfolio management. Developed by our experienced leasing partners Innervision, 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 required for full compliance with both IFRS 16 and FASB ASC 842.
The solution tackles the more challenging aspects of lease accounting compliance with an array of new features, tools and automated processes that make confronting even the most complex portfolios effortlessly simple with:
- An Intuitive interface with a full overview at various levels.
- Comprehensive IFRS 16 functionality including forecasting, modification & journals.
- Full asset & lease management functions.
- The ability to export and Import with ease, view and analyse advanced search data.
Standard Functionality includes:
- IFRS 16 Transition and Report: LOIS can handle all transition methods and exemptions with ease. Run different scenarios so you can model each transition method and assess the impact on key financial statements.
- All leases & data in one place: The user dashboard provides you with a consolidated overview of all the active leases within your organisation.
- Simple to add leases: Upload your lease data with ease, LOIS can manage Property, Fleet and IT equipment. Ensure all your critical lease information is centralised in one place.
- Manage lease lifecycle: All in-life lease amendments are catered for, adhering to the IFRS 16 and FASB ASC 842 standards covering all modifications
- Amortisation and depreciation schedules: LOIS will also generate the complex calculations and all transition options with ease, whilst providing full general ledger functionality and a comprehensive audit trail.
- Workflows, Multiple Users & Hierarchy: Create multiple user accounts with customised access levels so you can work with the real- time data you need. LOIS is designed for everyone in your organisation who is involved with leasing.
For more info check out www.loisleasing.com.au
You might also like
With 2021 coming to a close, it's time to take a step back before you prepare to take on 2022! A lot has happened this ...