Bunge chose SAP Lease Administration by Nakisa to address their global compliance initiatives for IFRS 16 and ASC 842. Bunge had a well-developed understanding of the new lease standards, clear visibility into their business requirements and executed an accelerated evaluation process for solution selection.
Bunge required a lease accounting solution that provided relevant stakeholders with visibility into lease liabilities and commitments. SAP Lease Administration by Nakisa was selected due to the ease of evaluating impact on financial statements with a global view on all lease contracts and the ability to create what-if scenarios to analyze financial implications.
Bunge Limited (formerly Bunge International) is a global agribusiness and food company, incorporated in Bermuda, and headquartered in White Plains, United States. Bunge transports crops, connects farmers to customers in ways that help ensure food security and improve environmental efficiency. Bunge provides ingredients and know-how to some of the biggest food processors and foodservice brands in the world. Bunge produces high-quality consumer products in the Americas, Eastern Europe and Asia. The $57 billion company has over 35,000 employees at 400 facilities in 40 countries.
A global leader in enterprise business solutions for Organization Transformation and Accounting and Compliance, Nakisa delivers innovative, forward-thinking and robust human resource and financial management solutions that advance your business strategies. Available on premise and in the cloud.
Working with a global network of partners and as one of the few Solution Extension (SolEx) partners of SAP® since 2007, Nakisa serves 800+ enterprise customers and over 4 million subscribers in 24 industries. Nakisa is proud to work with some of the world’s most renowned brands.