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.
As a highly complex business, Boral intends to use LOIS’ feature rich functionality to enable simple yet effective management of property, fleet and equipment leases while still maintaining a full and complete GL functionality with minimal disruption to current business process.
Quadrent is excited to be working with Boral on its LOIS implementation, especially with the volume of leases and desire to build an efficient process. Quadrent intends to use the intuitive functionality within LOIS and ease of large data loads via Excel to ensure Boral can be up and running quickly.
Find out more about LOIS here.