Quadrent, providers of the LOIS SaaS lease accounting platform, are pleased to announce that Australia’s largest construction materials supplier Boral has signed with the LOIS solution for the transition to the IFRS16 accounting standard for its Australian operations.
Quadrent is pleased that another existing customer is taking up the LOIS solution and looks forward to providing its leasing insights to Freightways’ as part of the LOIS onboarding experience.
Quadrent is pleased to welcome Thelma Welgemoed to its well established and growing LOIS team in Auckland.
The new accounting standard for leases is happening and it will impact your balance sheet. Quadrent delivers a best-of-breed, Cloud-based lease management system that will cost-effectively manage both your transition to IFRS 16 and ongoing lease portfolio.
Check out the new look and feel of our relaunched our LOIS website!
Even though the official implementation date for IFRS16 lease accounting changes is 1st January 2019, there is a large amount of work involved in preparing the business and becoming compliant.
60% of the equipment we lease is IT related, but you may be surprised at some of the assets in the other 40%, like wine barrels!
Often we get asked why would you lease, especially if you are large corporate as large corporates can get really cheap debt.