Spreadsheets are great…just not for IFRS 16!

Posted by Damon Kennedy on Jul 15, 2019 12:39:24 PM

In the world of accounting, a spreadsheet is like a family member – something to rely on, something to trust, something to cuddle…well two out of three isn’t bad.  Spreadsheets are a fundamental part of our accounting environment, but today we would like to look at some of the reasoning why the utilisation of just spreadsheets for such a business-critical task such as IFRS 16 compliance might be akin to reverting back to the classic blackboard and could possibly open your business up to risks that can be easily mitigated when using a specialised lease accounting system.

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Topics: Leases, asset leasing, asset finance, Quadrent

Quadrent sign LOIS lease accounting agreement with EnviroNZ

Posted by Paula Macris on Jul 12, 2019 11:32:45 AM

Quadrent, an Australasian leasing and consulting firm with nearly 20 years’ experience, is excited to announce that EnviroNZ, New Zealand’s leading waste and resource recovery specialist, has chosen LOIS as the final solution for transitioning and reporting on the new leasing standard IFRS 16.

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Topics: IFRS 16, Leases, LOIS, ifrs 16 implementation, lease accounting software, new accounting standards

Leasing - Why would you own it?

Posted by Paula Macris on Jul 4, 2019 8:27:35 AM

We often get asked - why would we lease? Especially from large Corporates who argue cheap debt is one their perks. The answer may surprise you.

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Topics: Leases, asset leasing, asset finance, Quadrent

Marlin Brands take on IFRS 16 with LOIS lease accounting solution

Posted by Paula Macris on May 22, 2019 9:54:11 AM

Quadrent, an Australasian leasing and consulting firm with nearly 20 years’ experience, is excited to announce that Marlin Brands, Australia’s leading portfolio of consumer durable brands focused on the living, gifting and convenience sectors, has chosen LOIS as the solution for transitioning to the new leasing standard IFRS 16.

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Topics: IFRS 16, Leases, LOIS, ifrs 16 implementation, lease accounting software, new accounting standards

MMG sign with LOIS for their IFRS compliance

Posted by Paula Macris on May 1, 2019 2:21:37 PM

Quadrent, an Australasian leasing and consulting firm with nearly 20 years’ experience, is excited to announce that MMG Limited, a global resources company, has chosen LOIS as the solution for transitioning to the new leasing standard IFRS 16.

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Topics: IFRS 16, Leases, LOIS, ifrs 16 implementation, lease accounting software, new accounting standards

Steel & Tube sign with Quadrent's lease accounting software LOIS

Posted by Paula Macris on Apr 24, 2019 9:38:44 AM

Quadrent, providers of the LOIS SaaS lease accounting platform, are pleased to announce that Steel & Tube, New Zealand’s leading provider of steel solutions, has elected to use the LOIS solution for their transition to the IFRS 16 accounting standard.

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Topics: IFRS 16, Leases, LOIS, ifrs 16 implementation, lease accounting software, new accounting standards

IFRS 16 draws ever closer

Posted by Damon Kennedy on Apr 16, 2019 7:59:51 AM

The adoption deadlines for IFRS 16 compliance for organisations is a very real and imminent reality, meaning trillions of dollars’ worth of operating lease commitments will now appear on balance sheets across the world. The new guidance arose with the intention of improving on the financial reporting of all lease transactions, including the leasing of aircraft, property and equipment but it does leave CFO’s with the situation of meeting the accounting standard in a timely way.

Organisations can’t hide from the fact that IFRS 16 is now the new normal!

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Topics: IFRS 16, Leases, LOIS, ifrs 16 implementation, lease accounting software, new accounting standards

Quadrent signs LOIS lease accounting agreement with Delegat

Posted by Paula Macris on Mar 27, 2019 10:26:49 AM

Quadrent, a leading lease consultancy and providers of the LOIS SaaS lease accounting platform, is proud to confirm that Delegat, one of New Zealand’s best-known wineries and a truly global wine brand has signed to use LOIS for their transition to IFRS 16.

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Topics: IFRS 16, Leases, LOIS, ifrs 16 implementation, lease accounting software, new accounting standards

Would you take a ride in the very first autonomous car?

Posted by Stefan Iggo on Mar 12, 2019 11:35:49 AM

We’ve been deploying LOIS for almost 2 years now and we invariably get asked how our clients should choose a system.

For myself, as a CFO (and the veteran of many system selections), it boils down to 6 key questions, of which several are consistently overlooked.

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Topics: IFRS 16, Leases, LOIS, ifrs 16 implementation, lease accounting software, new accounting standards

South32 sign to use the Quadrent LOIS IFRS 16 software

Posted by Paula Macris on Feb 26, 2019 10:41:31 AM

Quadrent, an Australasian leasing and consulting firm with nearly 20 years’ experience, is excited to announce that South32, a global mining and metals company, has chosen LOIS as the solution for transitioning to the new leasing standard IFRS 16.

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Topics: IFRS 16, Leases, LOIS, ifrs 16 implementation, lease accounting software, new accounting standards