IFRS 16 lease accounting for African organisations, backed by proven expertise.
LOIS is an established IFRS 16 lease accounting platform trusted by organisations across Africa since 2023, delivered through an alliance with Deloitte South Africa and supported by CA-qualified accountants.
IFRS 16 mandatory across Africa
IFRS 16 is the applicable standard for most African listed entities and public-interest organisations. Many African markets have fully adopted IFRS for corporate reporting.
Few viable software solutions
Africa has few established IFRS 16 software solutions, leaving organisations underserved. The Deloitte South Africa alliance gives African finance teams access to a proven, globally trusted platform.
500+ organisations worldwide
LOIS is trusted by organisations worldwide, managing portfolios from 30 leases to over 10,000, across finance, property, and fleet since 2017.
Active in Africa since 2023
LOIS has been operating in Africa since 2023, with named clients including MUR Shipping and Super Group (SGHC). Proven track record in the market.
Deloitte South Africa alliance
Local implementation support, IFRS 16 technical guidance, and process improvement, delivered by Deloitte South Africa alongside the LOIS platform and CA-qualified accountants.
Complex African lease portfolios
Fleet vehicles, shipping containers, mining equipment, energy infrastructure, and property: LOIS handles the full range of lease types common across African markets.
Managed service available
For organisations with limited in-house IFRS 16 resource, LOIS Managed Service delivers fully reconciled, audit-ready outputs each period, prepared and validated by CA-qualified accountants.
Everything your finance team needs for IFRS 16 compliance in Africa
IFRS 16 calculations
Automated IFRS 16 calculations
LOIS handles every calculation IFRS 16 requires with no manual input after setup. The platform computes right-of-use asset values, lease liability present values, depreciation and interest charges, and full amortisation schedules across every lease in your portfolio.
- Right-of-use asset recognition and subsequent measurement
- Lease liability amortisation using the effective interest method
- Depreciation and interest split for P&L presentation
- Short-term and low-value asset exemption tracking
- Automated disclosure reporting outputs
Lease lifecycle
Full lease lifecycle and modification management
IFRS 16 compliance is not a one-time exercise. Every rent review, extension, scope change, or early termination triggers a remeasurement. LOIS handles each modification automatically, recalculating schedules, generating updated journals, and maintaining a clear rationale trail for every judgement made.
- Extensions, part-terminations, and full early terminations
- CPI-linked rent review remeasurements
- Indexation and consideration changes
- Rental corrections and impairment records
- All modifications stored with timestamps for audit review
Audit trail and GL
Locked audit trail and general ledger integration
LOIS produces a locked periodic report that agrees the lease subledger to the GL balances automatically, removing the need for a detailed manual reconciliation. Every journal is traceable from source to output, and every decision is documented, so auditors can follow the evidence chain without extensive back-and-forth.
- Full audit trail for every lease event and modification
- Locked periodic journals ready for GL posting
- Automated subledger-to-GL reconciliation
- Role-based access controls and SSO authentication
- ISAE 3402 assured platform, audited annually
Fleet and shipping
Fleet, shipping, and property leases
Fleet vehicles, shipping containers, mining equipment, energy infrastructure, and property are among the most material IFRS 16 items for African organisations. LOIS handles bulk fleet uploads from any lease provider and manages multi-site property portfolios with CPI-linked rent reviews, break clauses, and milestone alerts.
- Fleet bulk data upload in any standard format from any provider
- Shipping container and vessel lease management
- Mining and heavy equipment lease tracking
- Multi-site property portfolio management with milestone alerts
- Energy and infrastructure lease handling
CA-qualified support
CA-qualified expert support
LOIS is built and supported by CA-qualified lease accounting experts. Through the Deloitte South Africa alliance, African organisations receive local implementation support alongside the platform. Whether you need guided onboarding or a fully outsourced managed service, LOIS experts are part of every engagement.
- CA-qualified IFRS 16 specialist support throughout
- Local implementation support via Deloitte South Africa
- Practical guidance from lease identification through to audit sign-off
- Transition planning and opening balance review
- Optional managed service for full outsourced compliance delivery
Automated IFRS 16 calculations
LOIS handles every calculation IFRS 16 requires with no manual input after setup. The platform computes right-of-use asset values, lease liability present values, depreciation and interest charges, and full amortisation schedules across every lease in your portfolio.
- Right-of-use asset recognition and subsequent measurement
- Lease liability amortisation using the effective interest method
- Depreciation and interest split for P&L presentation
- Short-term and low-value asset exemption tracking
- Automated disclosure reporting outputs
Full lease lifecycle and modification management
IFRS 16 compliance is not a one-time exercise. Every rent review, extension, scope change, or early termination triggers a remeasurement. LOIS handles each modification automatically, recalculating schedules, generating updated journals, and maintaining a clear rationale trail for every judgement made.
- Extensions, part-terminations, and full early terminations
- CPI-linked rent review remeasurements
- Indexation and consideration changes
- Rental corrections and impairment records
- All modifications stored with timestamps for audit review
Locked audit trail and general ledger integration
LOIS produces a locked periodic report that agrees the lease subledger to the GL balances automatically, removing the need for a detailed manual reconciliation. Every journal is traceable from source to output, and every decision is documented, so auditors can follow the evidence chain without extensive back-and-forth.
- Full audit trail for every lease event and modification
- Locked periodic journals ready for GL posting
- Automated subledger-to-GL reconciliation
- Role-based access controls and SSO authentication
- ISAE 3402 assured platform, audited annually
Fleet, shipping, and property leases
Fleet vehicles, shipping containers, mining equipment, energy infrastructure, and property are among the most material IFRS 16 items for African organisations. LOIS handles bulk fleet uploads from any lease provider and manages multi-site property portfolios with CPI-linked rent reviews, break clauses, and milestone alerts.
- Fleet bulk data upload in any standard format from any provider
- Shipping container and vessel lease management
- Mining and heavy equipment lease tracking
- Multi-site property portfolio management with milestone alerts
- Energy and infrastructure lease handling
CA-qualified expert support
LOIS is built and supported by CA-qualified lease accounting experts. Through the Deloitte South Africa alliance, African organisations receive local implementation support alongside the platform. Whether you need guided onboarding or a fully outsourced managed service, LOIS experts are part of every engagement.
- CA-qualified IFRS 16 specialist support throughout
- Local implementation support via Deloitte South Africa
- Practical guidance from lease identification through to audit sign-off
- Transition planning and opening balance review
- Optional managed service for full outsourced compliance delivery
Why African organisations choose LOIS
LOIS in Africa
A proven track record in Africa
LOIS has been operating in Africa since 2023. Named clients include MUR Shipping (South Africa), which adopted LOIS for robust handling of complex lease modifications across a global fleet of vessels. African finance teams need software that can be trusted, and LOIS has that track record in the market already.
Deloitte SA alliance
The Deloitte South Africa alliance
Under the alliance, LOIS provides the software platform and CA-qualified lease accounting expertise. Deloitte South Africa provides local implementation support, IFRS 16 technical guidance, and process improvement tailored to African organisations. Together, they deliver complete IFRS 16 compliance without requiring clients to find two separate providers.
Africa has few viable IFRS 16 software solutions. This alliance gives African finance teams access to an already established platform, trusted by some of the world's largest organisations.
Stay audit-ready
Stay permanently audit-ready under IFRS 16
Auditors scrutinise IFRS 16 the same way everywhere: examining how decisions were made, how changes were tracked, and how consistency was maintained across periods. LOIS documents every judgement, modification, and remeasurement automatically. When your auditor asks how a figure was derived, the answer is already in the system.
Managed service
Managed service for organisations with limited in-house resource
Many African organisations don't have dedicated IFRS 16 specialists in-house. LOIS Managed Service is designed for exactly this situation. CA-qualified LOIS experts validate all lease data, run calculations, prepare journals, and deliver fully reconciled, audit-ready reporting packs each period. You get the compliance outcome without the operational overhead.
Industries we serve
Industries we serve across Africa
LOIS works across the industries that drive African economies and carry the most material IFRS 16 lease portfolios.
- Mining and resources: heavy equipment, mining machinery, and site infrastructure
- Shipping and logistics: containers, vessels, and fleet vehicles
- Energy and utilities: power infrastructure, pipelines, and operational equipment
- Financial services: office premises, branch networks, and IT equipment
- Government and public sector: real property, fleet, and office leases
- Manufacturing: plant, equipment, and industrial property
A proven track record in Africa
LOIS has been operating in Africa since 2023. Named clients include MUR Shipping (South Africa), which adopted LOIS for robust handling of complex lease modifications across a global fleet of vessels. African finance teams need software that can be trusted, and LOIS has that track record in the market already.
The Deloitte South Africa alliance
Under the alliance, LOIS provides the software platform and CA-qualified lease accounting expertise. Deloitte South Africa provides local implementation support, IFRS 16 technical guidance, and process improvement tailored to African organisations. Together, they deliver complete IFRS 16 compliance without requiring clients to find two separate providers.
Africa has few viable IFRS 16 software solutions. This alliance gives African finance teams access to an already established platform, trusted by some of the world's largest organisations.
Stay permanently audit-ready under IFRS 16
Auditors scrutinise IFRS 16 the same way everywhere: examining how decisions were made, how changes were tracked, and how consistency was maintained across periods. LOIS documents every judgement, modification, and remeasurement automatically. When your auditor asks how a figure was derived, the answer is already in the system.
Managed service for organisations with limited in-house resource
Many African organisations don't have dedicated IFRS 16 specialists in-house. LOIS Managed Service is designed for exactly this situation. CA-qualified LOIS experts validate all lease data, run calculations, prepare journals, and deliver fully reconciled, audit-ready reporting packs each period. You get the compliance outcome without the operational overhead.
Industries we serve across Africa
LOIS works across the industries that drive African economies and carry the most material IFRS 16 lease portfolios.
- Mining and resources: heavy equipment, mining machinery, and site infrastructure
- Shipping and logistics: containers, vessels, and fleet vehicles
- Energy and utilities: power infrastructure, pipelines, and operational equipment
- Financial services: office premises, branch networks, and IT equipment
- Government and public sector: real property, fleet, and office leases
- Manufacturing: plant, equipment, and industrial property
Spreadsheets |
LOIS |
|
|---|---|---|
|
IFRS 16 calculations (ROU asset, lease liability, depreciation, interest) |
|
|
|
Automated lease modifications and remeasurements |
|
|
|
Full timestamped audit trail for every lease event |
|
|
|
Locked periodic reconciliation: subledger agrees to GL automatically |
|
|
|
Automated disclosure reports and IFRS 16 notes |
|
|
|
Property portfolio: CPI remeasurements, milestone alerts |
|
|
|
Fleet and shipping bulk upload in any format from any lease provider |
|
|
|
CA-qualified expert support and implementation guidance |
|
|
|
Local implementation support via Deloitte South Africa |
|
|
|
Scales from 30 to 10,000+ leases without rebuilding your process |
|
|
Spreadsheets |
LOIS |
|
|---|---|---|
|
IFRS 16 calculations (ROU asset, lease liability, depreciation, interest) |
|
|
|
Automated lease modifications and remeasurements |
|
|
|
Full timestamped audit trail for every lease event |
|
|
|
Locked periodic reconciliation: subledger agrees to GL automatically |
|
|
|
Automated disclosure reports and IFRS 16 notes |
|
|
|
Property portfolio: CPI remeasurements, milestone alerts |
|
|
|
Fleet and shipping bulk upload in any format from any lease provider |
|
|
|
CA-qualified expert support and implementation guidance |
|
|
|
Local implementation support via Deloitte South Africa |
|
|
|
Scales from 30 to 10,000+ leases without rebuilding your process |
|
|