Turning IFRS 16 complexity into commercial clarity with LOIS

Managing leases under IFRS 16 is one of the most challenging compliance requirements for businesses today. From fragmented data sources to manual processes and complex calculations, finance and property teams often find themselves stuck in silos, struggling to deliver accurate reporting and timely insights.

Collaboration between property and finance is critical to cutting through the complexity of IFRS 16 accounting. The right technology can help your business transform compliance into a strategic advantage.

Why collaboration matters

Effective lease management requires cross-functional collaboration, and property is often the most significant asset on a balance sheet. Property and finance teams need to collaborate, working from the same data. Finance teams focus on compliance and accuracy, while property teams drive commercial outcomes. LOIS bridges this gap by providing a shared platform, enabling:

• Joint planning and communication
• Shared KPIs and integrated reporting
• Data-driven insights for cost optimisation and strategic decisions

The challenge: IFRS 16 and lease management

IFRS 16 requires businesses to bring leases onto the balance sheet, introducing significant complexity in:

• Capturing accurate lease data
• Performing intricate calculations for right-of-use assets and liabilities
• Maintaining compliance across multiple systems and spreadsheets

Common pain points include:

• Timeliness of data - delays in monthly processing
• Poor data quality - multiple sources, no single source of truth
• Manual inefficiencies - reliance on emails and spreadsheets
• Complex IFRS 16 calculations - prone to error and audit risk

IFRS 16 requires complex calculations that can lead to manual errors. A dedicated lease accounting platform like LOIS takes the manual handling
out of the equation and delivers accurate reports.

The solution: LOIS

LOIS, a full-service lease management platform, eliminates these challenges by:

• Centralising lease data into a single, secure system
• Automating IFRS 16 calculations for accuracy and speed
• Integrating property and finance workflows to break down silos
• Providing real-time reporting and dashboards for better decision-making
• Ensuring audit readiness with transparent, traceable processes

With LOIS, compliance becomes simple, and businesses gain the confidence to focus on commercial outcomes rather than manual reconciliations. The LOIS platform is easy to learn, and has the ability to input from and output to spreadsheet software. New users can be up and running as experts in a matter of hours, making time from implementation to worthwhile ROI minimal.

Looking ahead: Technology and AI

As businesses prepare for the future, automation and AI will play a growing role in lease management. LOIS is built to evolve with these trends, ensuring organisations stay ahead of compliance requirements while unlocking new efficiencies.

Are you ready to simplify your IFRS 16 compliance? Discover how LOIS can transform your lease management and reporting processes today.