Nakisa Org Management,Talent Management,Lease Accounting,Revenue Recognition
Nakisa Org Management,Talent Management,Lease Accounting,Revenue Recognition
Nakisa Org Management,Talent Management,Lease Accounting,Revenue Recognition
Nakisa Org Management,Talent Management,Lease Accounting,Revenue Recognition

Lease Administration by NAKISA®

Lease Administration by Nakisa assists customers by enabling lease accounting compliance and streamlining lease administration processes for global lease portfolios. The new release, version 4.0 is the result of hundreds of interviews with SAP customers and the major accounting advisory firms on the new lease accounting standards and takes lease accounting to the next level with enhanced support for IFRS 16 and ASC 842 and additional functionality.

    Key enhancements:
  • Enhanced Compliance with the new standards: Supports the use of parallel accounting in SAP through Ledger and Account approach.
  • Better Control: Enables users to manage the lease process and cascade fields from the Master Lease Agreement to the Contract level.
  • Strong Central Governance: Assistance with contract creation process and support with audits using a detailed audit trail.
  • Integrated Questionnaire: Enables control of lease contracts with multi-layered approval process resulting in clear segregation of duties.
  • Broader Systems Integration: Improved SAP integration, 3rd party system integration support, and disconnected-state support.
  • Additional enhancements include:
    • Management of new Lease Events: multiple lease activations, reassessment scenarios, extension options, casualty, replacement, return/transfer of assets, (early) termination, and buyouts.
    • Mass upload capabilities using Excel

SAP® Lease Administration and Compliance with New Lease Accounting Standards:

Read eBook

Benefits of a Premium Qualified product and the Solution Extension Partnership

Read whitepaper

Leases on the Balance Sheet: Compliance with the New Standard

Watch webinar

Integration with 3rd Party Systems

What are the key differentiators for Lease Administration by Nakisa?

  • Foundation for corporate compliance with current and future lease accounting standards.
  • Real time integration offering more than 140 real time, and self-reconciling integrations out-of-the-box reducing implementation time and TCO.
  • Designed out-of-the box to leverage core master data from the source systems in real time.
  • Lower your total cost of ownership with SAP by leveraging existing SAP data and technologies - eliminating customization.
  • Bypass the need for large and costly project efforts to custom-build SAP integrations, decreasing long-term ROI, damaging upgradeability, and putting compliance timelines at risk.
  • Handle complete lease accounting requirements and support transition accounting allowing you to: manage your lease portfolio, transition to the new standards, process required accounting lookback, and fulfill reporting requirements.