LOIS
LOIS is a powerful lease management solution designed to consolidate lease information, streamline IFRS 16 reporting, and deliver immediate insights into your p...
LOIS is a powerful lease management solution designed to consolidate lease information, streamline IFRS 16 reporting, and deliver immediate insights into your p...
Product Overview
LOIS is a powerful lease management solution designed to consolidate lease information, streamline IFRS 16 reporting, and deliver immediate insights into your portfolio. This software makes lease accounting easier for both finance and property management teams. While there are some restrictions on backend editing for specific screens that might necessitate alternative approaches, its strong compliance features and analytical capabilities render it an exceptionally efficient tool.
Product Details
What Is LOIS?
LOIS is a cloud-based solution designed for lease accounting and management, catering to finance and property teams. It aims to simplify compliance and enhance portfolio oversight. The software provides features such as property management, lease portfolio analytics, lease accounting, and additional tools. By centralizing lease information, it automates IFRS 16 reporting and increases visibility across intricate lease portfolios, allowing organizations to minimize manual tasks while ensuring precision and operational oversight.
How Much Does LOIS Cost?
The pricing for LOIS generally ranges from $15 to $40 per lease each month. This is based on industry standards for cloud-based lease accounting and management solutions that comply with IFRS 16 and ASC 842.
This price range serves as a guideline for budgeting, as the actual fees may vary depending on the number of leases managed, the modules chosen, and the scope of implementation.
Implementation and configuration: $3,000–$15,000 (one-time) - This includes system setup, structuring of lease data, mapping of the chart of accounts, and configuring workflows tailored to finance and property teams.
Data migration and lease abstraction: $2,000–$20,000 (project-based) - Involves importing historical lease documents, extracting essential terms, and validating financial calculations to ensure compliance readiness.
ERP and general ledger integrations: $1,500–$10,000 - Covers API setup or custom integrations with finance systems to automate journal entries and reconciliation processes.
Advanced modules: $2–$10 per lease per month - Optional add-ons including scenario modeling, budgeting tools, or dashboards for operational fleet and property management.
Finance teams frequently consider LOIS a cost-effective solution compared to manual spreadsheets, particularly when dealing with extensive lease portfolios. Automation helps mitigate compliance risks and reduces workload at month-end. For a personalized LOIS cost estimate for your organization, feel free to reach out.
Note: Pricing information is derived from publicly accessible third-party resources and industry benchmarks. Actual expenses may differ.
LOIS Integrations
The software can integrate with various third-party applications, such as:
SAP
Oracle
Workday Adaptive Planning
Excel
To explore its features and potential compatibility further, consider requesting a demo of LOIS.
Who Is LOIS For?
This software is suitable for a diverse array of industries and sectors, including:
Real Estate
Finance
Corporate Accounting
Retail Operations
Construction Management
Logistics and Transportation
Facilities Management
Is LOIS Right For You?
If you seek a lease management solution that automates compliance while providing real-time financial insights across complex portfolios, LOIS is the answer. It addresses the ongoing challenges of manual lease accounting and reporting by reducing errors and ensuring audit-ready compliance with global standards like IFRS 16, AASB 16, and ASC 842.
With trust from companies such as Canon, QBE, Fletcher Building, and Freightways, it instills confidence for managing large-scale lease operations.
Designed for enterprises of any size, LOIS adapts to portfolios ranging from dozens to thousands of leases while ensuring secure access control and maintaining audit trails.
If you are still uncertain about whether LOIS fits your needs, reach out to our customer support team at info@softwareseekers.com. They will assist you in making an informed decision about LOIS features and more.
Property Management Software Features
Pros
- ✔ Simplifies lease accounting, reducing manual spreadsheet work
- ✔ Provides prompt, knowledgeable, and responsive customer support
- ✔ Generates catch-up journal entries for backdated leases
Cons
- ✘ Frequent password changes can interrupt workflow
- ✘ Complex lease amendments take extra processing time
Price
Professional
Custom
Get Free Guidance from Our Solution Experts.
Ratings
User Reviews
No reviews yet
Be the first to share your experience with LOIS.
Frequently Asked Questions
Find answers to the most common queries about our software recommendation service.