Nakisa Lease Accounting

ASC 842 Lease Accounting and Compliance Software

Choose the best software on the market to achieve US GAAP (ASC 842) compliance! Designed for international businesses, Nakisa centralizes and automates lease accounting operations and ensures precise reporting under the ASC 842 lease accounting standard. Easily track the right-of-use assets and liabilities, classify both operating and finance leases, and automate your lease accounting with Nakisa

ASC 842 lease accounting and compliance software for public and private companies operating in the US

Nakisa was among the first few companies in the world to deliver a robust lease management and lease accounting solution that integrates with the most trusted ERPs (SAP ECC, SAP S4/HANA, Oracle, and more). Today, half of our users are based in the US, relying on our cloud-native scalable solution for their growing finance operations, especially for ASC 842, IFRS 16, and GASB 87 compliance. Nakisa’s lease accounting software is an evolving platform that captures all essential functionalities to quickly achieve US GAAP lease compliance from data abstraction and lease determination to disclosure reporting and lease termination.

How does Nakisa enhance ASC 842 compliance and financial reporting?

Nakisa’s lease accounting software equips organizations with the necessary tools to maintain compliance and support internal controls. Read More

It features an audit trail, data integrity, and security measures to meet SOC 1 and SOC 2 requirements. The software’s functionality allows for seamless integration with existing systems and ERPs, ensuring that every stage of lease management and accounting for both public companies and private entities remains compliant with regulatory requirements. Features like alert systems, disclosure reports, and processing integrity help organizations take control of their financial reporting, unlocking insights into their lease portfolio and enabling accurate financial planning and analysis.

Trusted by Fortune 1000,
global companies

We have a solid footprint in the US, supporting all industries in managing property and equipment lease
contracts centrally.

Always-on, secure
enterprise cloud

Access it anytime and keep your data secure with built-in IT general controls such as encryption at rest and
in transit.

Easy collaboration, built-in

Different users can collaborate on the same contracts. Stay in control with built-in approval workflows and audit logs.

High-standard integration
with ERPs

Use our solution as a lease subledger that will securely integrate with ERPs such as SAP and Oracle platforms.

Why implement Nakisa's lease accounting software solution: functionalities and integrations

Nakisa Lease Administration enables you to manage the full lease lifecycle from contract inception to termination. The reporting feature allows you to export pre-set disclosure reports to build your financial statements. Our finance platform includes lessee and lessor accounting, plus property management. Read More

Nakisa’s lease accounting software solution supports operating leases and finance (or capital) lease types. It provides the necessary functionality to recognize right-of-use assets and liabilities, create alerts, manage lease renewals, and generate compliance reports. With powerful integration into general ledger systems of various ERPs (SAP ECC, SAP S4/HANA, or Oracle), Nakisa helps companies manage their leased assets efficiently, ensures data security, and provides accounting experts and finance teams with ready-to-use insights. By offering detailed SOC reports, Nakisa’s ASC 842 software not only helps companies stay compliant with evolving lease accounting standards but also ensures data security and enhances the overall efficiency of lease management and financial reporting processes.

Data abstraction and lease determination. initial recognition of ROU assets. Sub-sequent measurements-amortization. interst accural and payment. disclosure reporting

Automate workflows and achieve operational efficiency with Nakisa's accounting software for ASC 842

Our customers have significantly reduced operational costs and improved company synergy and performance using Nakisa Lease Administration. Automation has improved time management and collaboration, making manual, redundant operations a thing of the past.

Fast and easy setup

With Nakisa, you can leverage mass import for journal entries and other lease data

Synced ledgers

Schedule postings to your ERP’s Account Payables with accruals, payments, and asset depreciation.

Batch operations

Master CPI change or remeasurements of multiple assets thanks to our mass modification function.

Transitioning to ASC 842 compliance with lease accounting software solutions

With the introduction of the ASC 842 lease accounting standard by the Financial Accounting Standards Board (FASB), companies are facing the urgent need for software solutions that ensure compliance and streamline lease accounting for both lessees and lessors. Nakisa’s ASC 842 software addresses these challenges by offering advanced functionalities. Read More Read More

Key features include accurate lease classification and identification, recognition of right-of-use assets and lease liabilities, automated lease calculations and reporting, seamless lease modification and reassessment capabilities, centralized lease documentation and management, as well as transition management tools for migrating from ASC 840 to ASC 842. By integrating these essential functionalities, Nakisa’s ASC 842 software empowers organizations to achieve transparency, accuracy, and efficiency in lease accounting processes, while remaining compliant with evolving accounting standards such as IFRS 16, GASB 87, and the latest updates from FASB.

Grow with confidence: ASC 842 lease accounting software built for large portfolios of property, equipment, fleet, and land assets

Nakisa Lease Administration delivers advanced lessee and lessor capabilities for complex use cases, especially those involving heavy lease portfolios with high monthly activity. Some of our clients oversee more than 350,000 lease contracts and perform over 16,000 modifications every month. Unlike legacy software, our solution is built on a flexible framework allowing for faster growth and scalability in the long term. Get the most out of Nakisa’s 24/7 support, online training, center of excellence, and dedicated account managers. Deliver more—faster.

Impress your top executives, reassure your shareholders, and increase your company’s reputation

Corporate finance professionals are core to the company’s success and reputation. They’re the ones who provide complete and accurate finance data to the C-suite, the board of directors, investors, auditors, and the public. Under the ASC 842 accounting compliance, they also must add all lease data to the balance sheet. And if they miss the mark? Your company’s future is at stake. With Nakisa Lease Administration, you can demonstrate your expertise in finance, especially lease compliance, and help maintain—and increase—your company’s profitability and reputation.

Get ready for dual reporting for both US GAAP and IFRS 16 from a single tool

Global companies have to report under both ASC 842 and IFRS 16. In this case, there’s no need to have separate solutions. Nakisa Lease Administration software provides a unified platform for you to manage all leases under the two standards in parallel at the same time. Our solution implements each standard’s specificities and let you generate disclosure reports accordingly.

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