IFRS 16 once felt like a regulatory hurdle that could be managed with spreadsheets, workarounds, or minimal investment. Those days are well and truly over.
As lease portfolios grow more complex and regulatory scrutiny increases, IFRS 16 compliance has shifted from an accounting exercise to a strategic imperative. Finance are accountable for the numbers, but often lacks full control over the underlying lease data needed to report with confidence. The rapid growth of the lease accounting software market tells the story clearly: businesses are no longer asking if they need a robust compliance solution, but how quickly they can implement one.
The quick-to-learn and easy-to-use LOIS Leasing platform makes compliance straightforward for your organisation.
Recent industry analysis highlights just how central IFRS 16 compliance has become. The global lease accounting software market was valued at approximately USD 2.69 billion in 2024 and is projected to reach USD 6.5 billion by 2035, according to research from Industry Today.
This growth is being driven by one core factor: manual lease tracking and spreadsheet-based approaches can no longer meet IFRS 16 requirements at scale. Lease portfolio complexity is creating growing reporting pressure from boards and executive teams, who expect greater confidence, transparency, and real-time visibility over lease commitments and financial exposure.
IFRS 16 is no longer optional, and neither is the technology that supports it.
IFRS 16 fundamentally changed how leases are reported, bringing most leases onto the balance sheet and requiring ongoing remeasurement, disclosure, and audit-ready documentation.
For finance teams, this means:
Trying to manage these requirements manually introduces significant risk - from calculation errors to incomplete disclosures and audit findings. Lease data often sits across multiple systems, spreadsheets, and teams, making it difficult for finance to maintain a single, trusted view. As regulatory expectations tighten, “good enough” is no longer good enough.
As a result, compliance-driven software adoption is accelerating across industries with complex lease portfolios, including retail, healthcare, logistics, and property-intensive organisations.
Automating IFRS 16 compliance keeps your audit trails accurate and defensible by helping to
align complex datasets across your entire organisation.
IFRS 16 compliance is no longer confined to the finance function. It now directly impacts:
With regulators and auditors expecting greater consistency and documentation, organisations that rely on fragmented systems or spreadsheets are exposed to unnecessary risk.
The market’s shift toward cloud-based, automated lease accounting platforms reflects this reality. These platforms are designed not just to calculate numbers, but to support governance, control, and confidence in financial reporting.
While IFRS 16 is complex, compliance doesn’t have to be.
LOIS Leasing was purpose-built to remove the friction from lease accounting and management, giving finance teams clarity, control, and confidence.
With LOIS, organisations can:
All lease information is stored in a single, secure system, eliminating spreadsheets, duplicated data, and version control issues.
LOIS automates right-of-use asset and lease liability calculations, remeasurements, and ongoing adjustments, ensuring accuracy and consistency across reporting periods.
Every calculation, change, and assumption is documented with a clear audit trail, supporting smoother audits and reducing compliance risk.
Whether it’s lease modifications, index-linked rent changes, or portfolio growth, LOIS is designed to handle complexity without adding manual workload.
As market data shows, lease portfolios are only becoming larger and more complex. LOIS scales with your organisation, supporting compliance today and into the future.
The rapid expansion of the lease accounting software market isn’t just about regulation. It’s about better decision-making.
When IFRS 16 compliance is embedded in a robust platform like LOIS, organisations gain:
In an environment where compliance expectations continue to rise, IFRS 16 is no longer a “nice to have.” It’s a baseline requirement for financial integrity and operational resilience.
Organisations that treat IFRS 16 as an afterthought are falling behind. As the market grows, technology-enabled compliance is now the standard.
LOIS Leasing makes that standard achievable, turning IFRS 16 from a regulatory burden into a streamlined, confident, and future-ready process supported by a team of Chartered Accountants. Learn more about our solution.