Quadrent is excited to announce that LOIS has now acquired its 50th customer!
To celebrate we popped open some bubbly and thought we should extend the celebration to our clients too. We sent PowerCo a bottle of champagne, who were our very first full IFRS 16 client to sign the dotted line, as well as sending a gift to our lucky 50th client.
It has been an exciting, eighteen month journey since PowerCo signed up to LOIS in February last year, and with a large majority of LOIS users fully immersed in their first 'new world' month-end there is little chance of taking a breather and reflecting on the progress made so far.
There are now LOIS clients spanning from Dunedin to Auckland, in Hobart, Perth and all across Australia and the internal LOIS support has grown to a bustling team of talented LOIS consultants seamlessly supporting our clients through their IFRS 16 projects - a long way from the initial hire of a single business analyst in the early days.
Looking to the future we have our sights set on hitting the 100 client milestone next, while also remaining strongly committed to our current LOIS clients by reviewing their leasing solutions and offering value-add services. Our most exciting news however is the announcement of our newest product which will be released in an upcoming blog - so make sure to watch out for the details coming through shortly.
We look forward to the next celebration and would like to thank all our customers and business partners who have joined us in the journey so far. Cheers...
Quadrent celebrates the 50th client milestone for LOIS
Quadrent is Australasia's leading and most trusted equipment financier and lease portfolio software provider. We enable you to deliver your technology solution via a leasing structure, and manage and report on your lease & asset portfolio for compliance with IFRS 16. Find out more about our services.
LOIS provides you with a consolidated view of all leases within your business structure and full IFRS 16 compliance, whether it be one entity or a global corporate. LOIS refers to Quadrent’s Lease Optimization Information System, which is a fully integrated portfolio and asset management tool for all your IFRS16 lease accounting compliance. We operate it under a master agreement. Plus, we’re the only supplier in Australasia. Read more about LOIS.
If you're interested in understanding more about IFRS 16 Compliance and LOIS, here are a couple of resources we can provide:
- Read more about IFRS 16 considerations and COVID19.
- Read about LOIS features and benefits and the clients that are already on board with us
- Explore the pros and cons of using spreadsheet applications such as Excel for the transition to IFRS 16 with this short whitepaper (15 minute read).
- Let our recent survey results from LOIS customers demonstrate the value of the product (3 minute read)
- Understand the pros and cons of leasing business assets with our whitepaper (15 minute read).