Lease management software helps organisations manage, track, and account for all their leases in one system: property, fleet, and equipment, while ensuring compliance with accounting standards like IFRS 16 and AASB 16. The best platforms automate calculations, issue milestone alerts, maintain audit trails, and connect finance and property teams.
For finance teams in Australia and New Zealand, lease management is no longer optional overhead. AASB 16 (the Australian adoption of IFRS 16) requires organisations to recognise virtually all leases on the balance sheet. Getting this right every month, across hundreds or thousands of individual leases, is not something spreadsheets can sustain. Updated May 2026.
AUD 54.8B+
Assets under management across AU and NZ portfolios
300+
Organisations managing their leases on LOIS
30 to 10,000+
Leases supported, from mid-market to enterprise
AU + NZ
Purpose-built for the Australian and New Zealand market
Lease management software gives organisations a single, controlled system for every stage of a lease's life, and LOIS, the purpose-built ANZ platform, replaces fragmented spreadsheets and disconnected property databases with one auditable source of truth: from initial data entry and IFRS 16 calculations through to milestone alerts, audit-ready reporting, and general ledger journals shared across finance and property teams.
Core functions a complete platform should cover:
For a deeper look at why month-end close becomes painful without these functions, see our guide on IFRS 16 month-end close: why it takes so long and how to fix it.
Most lease management tools cover one part of the problem. A complete platform covers all three. LOIS brings lease accounting, property management, and fleet management into a single unified system, eliminating the hand-offs, duplicate data entry, and reconciliation work that fragmented tools create.
The finance layer. Automates IFRS 16, AASB 16, FRS 102, and FASB ASC 842 calculations, produces audit-ready journals, maintains amortisation schedules, and integrates directly with your general ledger to close the loop on month-end without manual reconciliation.
Explore LOIS lease accountingThe property layer. Tracks all commercial, retail, and industrial sites with automatic alerts for rent reviews, option windows, and expiries. Compares costs per square metre, maintains portfolio timelines, and gives property teams the same live data that finance relies on.
Explore LOIS property managementThe fleet layer. Automates the loading and validation of large lease datasets from fleet providers in any standard format. Cross-checks incoming data against existing records to identify new leases, price changes, CPI adjustments, extensions, and terminations, keeping monthly processing accurate and audit-ready at scale.
Explore LOIS fleet managementFor more on why unifying these three components matters, see what is a total tenant lease platform?
LOIS is designed for organisations with more than 30 leases across property, vehicles, or equipment, where spreadsheets have started creating more risk than they eliminate. A single missed rent review, one unrecorded lease modification, or an out-of-sync GL balance can create audit findings that take weeks to unwind. At that scale, manual tracking has become the liability.
LOIS serves organisations across the following sectors in Australia and New Zealand:
Large store networks with frequent rent reviews and option decisions across dozens or hundreds of sites.
Fleets of hundreds or thousands of vehicles requiring bulk data uploads each month from multiple providers.
Mixed portfolios of clinical sites, office space, fleet, and medical equipment under AASB 16.
Complex portfolios of operational equipment, site facilities, and vehicle fleets across remote locations.
Public accountability requirements demand complete, timestamped audit trails for every lease event across all asset classes.
Regulatory scrutiny means lease data must be accurate, reconciled, and board-ready at any point in the reporting cycle.
Not sure if your portfolio has reached that threshold? The 9 signs your lease management process is becoming a liability covers the warning signs clearly.
The gap between finance and property teams is the most persistent problem in lease management, and it is structural: property teams track rent reviews, option dates, and site conditions in one system, while finance teams run AASB 16 calculations and post journals from another. Neither system knows what the other is doing in real time.
The consequences are predictable. A property team agrees to an early termination. Finance does not hear about it until month-end, or later. The lease liability has been overstated for three months. Correcting it means back-dating remeasurements, reissuing journals, and explaining the discrepancy to auditors. A rent review gets missed because the property team's reminder calendar and the finance team's records are not connected. The organisation pays the higher rate that would have applied at review without ever negotiating.
One unified platform eliminates this. When a property event is logged in LOIS, finance sees it immediately and can action the IFRS 16 calculations to update automatically. The audit trail captures the event, the decision, and the recalculation in a single record. Both teams work from identical data, and month-end close stops being a reconciliation exercise.
For a detailed look at this problem, see how property managers can finally stop fighting with finance over lease data and how to centralise lease data across your organisation.
Six criteria separate platforms that hold up under audit from those that create new problems. Evaluate any platform against these before committing.
01
Look beyond basic ROU asset generation. The platform should handle lease modifications, short-term and low-value exemptions, variable lease payments, and sub-lease accounting out of the box, not as customisation requests.
02
The platform should generate journals in your GL's format and post them automatically. Manual journal entry from a lease system into your ERP is a reconciliation risk that grows with every new lease in the portfolio.
03
A platform that handles 50 leases well should also handle 5,000. Check whether bulk data imports, batch processing, and reporting performance degrade as portfolio size grows, and ask for references from organisations at your scale.
04
Migration from spreadsheets or a legacy system should be measured in weeks, not months. Standardised upload templates and pre-configured workflows are the difference between a clean go-live and a six-month implementation project that still is not finished.
05
Software support and lease accounting expertise are different things. When a complex modification arises mid-audit, you need a support team that understands AASB 16 in practice, not one that escalates to a product manager. Ask who you will actually be working with.
06
For teams without dedicated lease accounting resources, a managed service (where the vendor runs calculations, prepares journals, and delivers audit-ready packs each month) is worth evaluating alongside self-serve software. Not all platforms offer both.
LOIS is the only platform in Australia and New Zealand purpose-built to unify lease accounting, property management, and fleet management in a single system, backed by CA-qualified accountants. Other platforms specialise in one component. LOIS handles all three, with the same data flowing across every module so finance and property teams always work from one source of truth.
Finance teams
Automated IFRS 16 and AASB 16 calculations, GL-integrated journals, full audit trail, and disclosure-ready reporting for every month-end.
Property teams
Automatic milestone alerts, portfolio timelines, cost-per-square-metre comparisons, and collaborative workflows with finance, all in one system.
Fleet-heavy organisations
Bulk data uploads from any fleet provider, automated cross-checking, and monthly processing that stays accurate across portfolios of thousands of vehicles.
For a full explanation of what a total tenant lease platform means and why it matters, see what is a total tenant lease platform?
Lease management software is a platform that helps organisations record, track, and account for all their leases, covering property, fleet, and equipment, in a single controlled system. LOIS, the purpose-built platform for Australia and New Zealand, handles the full lifecycle: lease register, IFRS 16 and AASB 16 calculations, milestone alerts, GL-integrated journals, and audit-ready reporting, all without spreadsheets.
A lease accounting system focuses on IFRS 16 or AASB 16 compliance: calculating right-of-use assets, lease liabilities, and producing journals for month-end. Lease management software is broader; it includes accounting compliance but also covers property milestone tracking, fleet data management, portfolio reporting, and the workflows between finance and property teams. LOIS provides both in one platform.
For any organisation where lease data feeds financial statements, yes. Without GL integration, journals produced by the lease platform must be manually entered into the ERP, which introduces reconciliation risk at every month-end. LOIS integrates directly with major ERP and accounting systems, generating journals in the correct format and posting them automatically to eliminate that risk.
Implementation timelines vary by portfolio size and data quality, but organisations migrating to LOIS typically complete onboarding in weeks rather than months. Standardised upload templates handle data migration from spreadsheets or legacy systems, and pre-configured AASB 16 and IFRS 16 workflows mean there is no need to build compliance logic from scratch before go-live.
LOIS manages over AUD 54.8 billion in leased assets for more than 300 organisations across Australia and New Zealand. Book a demo to see how the platform handles your specific portfolio.
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