End-to-end lease accounting software for global enterprises
Optimize your lease accounting and lease administration with Nakisa.
- Easily manage 100,000+ lease contracts from A to Z;
- Stay compliant across the globe (IFRS 16, ASC 842, local GAAP);
- Ensure operational excellence for equipment, fleet, and property leases.
Years of excellence
Total number of active leases
Total value of leases (ROU)
Precise lease accounting: Accurate numbers at year-end, month-end, every day's end
With Nakisa’s lease accounting software, your numbers are correct anytime. Here’s our approach:
- Reliable and auditable calculations per IFRS 16 and ASC 842;
- Controlled synchronization between Nakisa subledger and GL in ERPs;
- Proven accuracy and control over changes: compliance with SOC 1 Type I and II, SOC 2 Type I and II, and GDPR to record changes at any level.
Francisco Javier Chavez Espinosa, accounting analyst at Grupo Gondi
Get robust features for each lease lifecycle phase
By optimizing lease accounting and lease lifecycle management with Nakisa, you will reduce manual errors, ensure time and cost savings, and let your team focus on strategic tasks
Utilize mass data upload via bilateral ERP sync (SAP and Oracle), APIs, or flat files. Automatically and instantly identify, abstract, and validate key fields in any lease document.
Utilize easily auditable and highly configurable reports with drill-down capabilities, including disclosure reporting under multiple standards, 10K/10Q reports, ad-hoc reports and dashboards for additional analysis support (at the company level or by end user).
Lease data capture
Utilize mass data upload via bilateral ERP sync (SAP and Oracle), APIs, or flat files. Automatically and instantly identify, abstract, and validate key fields in any lease document.
Lease accounting and administration
Leverage true asset-level accounting and lease asset tracking throughout lease events, from inception, to modifications, renewals, and purchases. Use mass operations for modification, indexation, or workflow transition. Stay on top of deadlines with configurable notifications.
Transaction posting and payment
Pre-generate journal entries to preview the impact before posting. Utilize scheduled or on-demand batch posting from the Nakisa subledger to your ERP GL (SAP ECC, SAP S4/HANA, Oracle). Generate payments and reconcile scheduled payments and invoices.
Compliance
Automate parallel compliance across multiple standards (ASC 842, IFRS 16, local GAAP). Our solution supports non-standard 4-4-5 calendars, automated indexation adjustments, multi-currency FX translation under ASC 830 and IAS 21, modification, and reassessment recordings on any effective date, and more.
Auditing and reporting
Utilize easily auditable and highly configurable reports with drill-down capabilities, including disclosure reporting under multiple standards, 10K/10Q reports, ad-hoc reports and dashboards for additional analysis support (at the company level or by end user).
Get robust features for each lease lifecycle phase
By optimizing lease accounting and lease lifecycle management with Nakisa, you will reduce manual errors, ensure time and cost savings, and let your team focus on strategic tasks
Lease Data Capture
- Mass data upload from multiple sources via bilateral ERP sync (SAP ECC, SAP S4/HANA, Oracle), APIs, and flat files;
- Validation tools to ensure the capture is complete and accurate;
- Capacity to add scanned PDF documents;
- Custom and standard fields for the data abstraction process;
- And more!
Lease Accounting and Administration
- True asset-level accounting and lease asset tracking;
- Mass operations (modification, indexation, and workflow transition);
- Support of all lease events (inception, modifications, renewal, purchase, etc.) for enhanced contract lifecycle management;
- Reversion of events and modifications;
- Configurable notifications and reminders;
- And more!
Transaction Posting and Payment
- Pre-generation journal entries to see the impact prior to posting;
- Scheduled or on-demand batch posting from Nakisa subledger to ERP GL (SAP ECC, SAP S4/HANA, and Oracle) and their controlled synchronization;
- Payment generation, reconciliation between scheduled payments and invoices;
- And more!
Compliance
- Non-standard 4-4-5 calendar support;
- Automated indexation adjustments (CPI, etc.);
- Multi-currency FX translation under ASC 830 and IAS 21;
- Modification and reassessment recordings on any effective date;
- And more!
Auditing and Reporting
Nakisa provides you with easily auditable and highly configurable reports with drill-down
capabilities:
- Disclosure reporting under multiple standards;
- 10K/10Q reports;
- Ad-hoc reports to support additional analysis;
- Highly configurable dashboards (at the company level or by end user);
- And more!
What our clients say
Tackle lease accounting challenges for global enterprises
Our lease accounting software is designed for:
- Global enterprises simultaneously operating under multiple standards, currencies, and languages;
- Heavy portfolios of 100,000-1,000,000 contracts and high-volume monthly activities;
- Complex use cases: multiple modifications and events, complex deal structures, subleasing option, multiple ERPs from different vendors, and more!
With the number of lease contracts we have, we needed a scalable software that could be operational before our IFRS 16 compliance deadlines. After an extensive vendor selection process, we identified that Nakisa is the best solution.
John van Oorschot, Head of Global Controlling at INEOS
Harmonize lease-related data across ALL systems
Think of Nakisa Lease Administration as the central hub that is fed by and feeds an enterprise’s various ERP systems (SAP ECC, SAP S4/HANA, Oracle), isolated databases, and SaaS solutions. It ensures smooth lease administration and continuously updated lease data for the entire environment.
With the robust capability of bidirectional ERP integrations and REST APIs, our software is ready to plug into any system you work with.
The integration is really important, because once we have verified that contracts are captured correctly in the Nakisa system, we don’t want to worry if in the ERP the data are also correct and to run complex reconciliations every month.
Dana Jircikova, Head of Capital and Financial Investments Reporting, Nestle
Achieve accounting compliance across multiple standards
WHAT SETS NAKISA APART?
Our advanced configurability mirrors your real-life operations
Configure Nakisa at different levels: the whole environment, selected ERP, company, or entity. You can also tailor and evolve workflows to perfectly align with your operational needs.
Achieve accounting compliance across multiple standards
There’s no need to have separate lease accounting solutions. With Nakisa, manage all your leases under these standards simultaneously on one unified platform. Our lease accounting system accommodates each standard’s unique requirements and allows you to generate disclosure reports accordingly.
Our native integrations harmonize data across all systems
Think of Nakisa Lease Administration software as the central hub that is fed by and feeds an enterprise’s various ERP systems (SAP ECC, SAP S4/HANA, Oracle), isolated databases, and SaaS solutions. It ensures smooth lease administration and continuously updated lease data for the entire environment.
With the robust capability of bidirectional ERP integrations and REST APIs, our software is ready to plug into any system you work with.
Our cloud-native architecture brings unmatched capabilities to your workflow
Nakisa Cloud Platform enables us to do what others can’t! With advanced technologies and microservices, we offer fast deployment and upgrades, uptime availability of 99.5%, and outstanding scalability.
- Seamless continuous upgrades;
- Exceptional performance;
- Unlimited scalability;
- Powerful integration with APIs.
We guarantee your data security
Nakisa’s lease accounting software is built on a secure
platform with:
- Data encryption in rest and in transit;
- Advanced authentication and authorization features and single-sign-on functionality;
- Granular role-based access for controlled segregation of duties;
- Audit capabilities to track the changes and recovery functionality to roll them back in compliance with SOC 1 Type II, SOC 2 Type II, and GDPR.
Our support team ensures your digital experience
- 24/7/365 support;
- Dedicated Customer Success Manager;
- Client portal and Support Desk;
- Regular training and educational live sessions (Office Hours and User Groups).
Let's have a no-obligation call
Our solution experts will answer all your questions and explain how your company can benefit from Nakisa’s lease accounting software.
We guarantee your data security
Our lease accounting software is built on a secure
platform with:
- Data encryption in rest and in transit;
- Advanced authentication and authorization features and single-sign-on functionality;
- Granular role-based access for controlled segregation of duties;
- Audit capabilities to track the changes and recovery functionality to roll them back in compliance with SOC 1 Type II, SOC 2 Type II, and GDPR.
Fast implementation and migration
Nakisa team goes beyond to ensure timely high-quality implementation and a seamless migration from your previous solution.
Shawn Husband,
Walmart Senior Director Global Lease Center of Expertise
I feared that implementing the
system and mastering the platform would be very difficult. We had little time. Fortunately, Nakisa’s team was there to train us and never left us in the dark.”
accounting analyst at Grupo Gondi
Dana Jircikova,
Nakisa Finance Suite has even more to offer!
Ready to take your lease accounting to the next level?
Explore how Nakisa’s lease accounting system can streamline lease accounting and compliance for your global company.
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Frequently Asked Questions
What is lease accounting software?
What to look for in lease accounting software?
If your company is looking for new lease management software, begin by assessing your lease portfolio needs. Next, examine the functionalities offered by various vendors. Key considerations include compliance with lease accounting standards, integration capabilities, automation and analytics, data security, and scalability. For a comprehensive guide and checklist, refer to our Ultimate Guide on Choosing Lease Management Software. There, you will find three key steps for choosing the ideal software and a detailed vendor scorecard/RFP checklist to objectively assess market solutions.
What is the latest lease accounting standard?
What accounting standards does Nakisa Lease Administration software support?
Nakisa Lease Administration (NLA) supports multiple accounting standards in parallel: IFRS 16, ASC 842, and local GAAP.
What is Nakisa Lease Administration (NLA) Software?
Nakisa Lease Administration is a cloud-native solution that assists global enterprises in streamlining lease accounting and lease management. It helps manage a variety of leases (equipment, land, fleet, real estate), ensuring compliance with IFRS 16, ASC 842, and local GAAP. By automating operations, NLA minimizes manual error risks and calculates expenses in line with accounting standards. Many Fortune 1000 companies use Nakisa for enhanced lease portfolio visibility and operational excellence.
Is Nakisa Lease Administration cloud-based or on-prem software?
Nakisa Lease Administration is the next-gen software that was designed from the ground up in the cloud and leverages the latest cloud-native technologies. NLA offers all the benefits of a cloud-based solution and goes beyond them by adding exceptional scalability, performance, and innovations. If you’re looking for a cloud-based solution, you’re in good hands.
From on-prem to cloud-based and then to cloud-native technologies, the Nakisa team has had a great journey. Feel free to reach out to us about any use case you have, and we’ll figure out the best option for you.
Is Nakisa Lease Administration for lessee or lessor accounting?
Nakisa’s lease accounting software includes modules for both lessee and lessor. You can use each of them or both in parallel.
Can Nakisa Lease Administration (NLA) support a heavy lease portfolio? How many lease contracts and what types of leases can NLA handle?
Nakisa Lease Administration effectively supports a robust lease portfolio, accommodating a substantial number of lease contracts (100,000-1,000,000) with diverse assets that have distinct lease lifecycles and events. NLA seamlessly handles various lease types, including real estate, land, vehicles, equipment, and operating leases. Designed for complex scenarios, NLA is adaptable to situations like indexation, rent escalation, multiple vendors, non-standard calendars, and more.
Does Nakisa Lease Administration offer native ERP integrations?
Yes, Nakisa Lease Administration software provides native bidirectional ERP integrations. It works seamlessly with SAP ECC and SAP S4/HANA and supports Oracle. We can connect multiple ERPs of various nature (for example, you can have integration with tens of different SAP and Oracle at the same time).
Can the NLA software integrate with other financial systems used by my organization?
Certainly, Nakisa Lease Administration seamlessly integrates with various financial systems within your organization. Its cloud-native architecture facilitates advanced integrability, allowing NLA to easily connect with your existing systems through native integrations (ERP), APIs (third-party SaaS tools like Blackline), or flat file integrations
Can I import lease agreements from spreadsheets or legacy solutions to Nakisa Lease Administration software?
Absolutely! Nakisa Lease Administration allows easy import of lease agreements from spreadsheets or legacy solutions. The software supports mass import from Excel, complete with data validation tools to ensure accurate migration. Additionally, our Nakisa team is ready to assist in migrating data from your previous lease management software. We collaborate closely with your team to audit and validate the migration process, even when dealing with multiple data sources.
Does NLA support multiple languages and currencies?
Yes, Nakisa Lease Administration software is designed to support multiple languages, currencies, and accounting standards for various regions. Our solution is trusted by global leaders across diverse markets. Reach out to our experts for more details.
Can I set different roles in Nakisa Lease Administration software?
Yes, you can. Nakisa offers various default roles, each has different access permissions from the data entry and lease definition to contract approvals, lease modifications, management reporting, financial disclosure reporting, and more. Learn more by watching a video or speaking with our expert.
What training and support options are provided for users of Nakisa Lease Administration?
Nakisa prioritizes client support, ensuring dedicated client support 24/7/365 and an assigned customer success manager for each client. We offer comprehensive onboarding materials and monthly training through NLA Office Hours and NLA User Group.
NLA Office Hours provide insights into new features, while User Group sessions facilitate discussions among our user community on various use cases and scenarios. Access our training resources on YouTube and C Portal, or join live sessions by signing up here. Also, check our Resource Center for more step-by-step guidelines. We are dedicated to empowering users with the necessary knowledge and support.
Which security, privacy, and reliability standards does Nakisa Lease Administration comply with?
Nakisa’s lease management software adheres to security, privacy, and reliability standards, including SOC 1 (Type I and II), SOC 2 (Type I and II), and GDPR (full ITGC). It offers data encryption both in rest and transit, along with the audit log functionality to track and roll back all changes if needed.
What level of customization and scalability does NLA offer?
NLA offers extensive configurability and scalability, making them its competitive advantage on the market of the lease management and accounting software. From flexible asset accounting to granular permissions for segregation of duties (SoD), NLA can be tailored to perfectly fit your organization and workflows. Its cloud-native architecture ensures unparalleled scalability, making it ideal for global enterprises with hundreds of thousands of contracts and high-volume monthly activity. Chat with our experts for more details.
What is the pricing structure and licensing model for the software?
Nakisa Lease Administration solution pricing is based on multiple factors. Our pricing is designed to ensure that the way you structure your contracts and operations is fully up to you and you don't need to worry about additional costs from your lease accounting software provider. Contact us for a customized pricing solution tailored to your needs.
How often is the software updated, and how are updates managed? Is there any upgrade fee involved?
What is the implementation process, and how long does it typically take to get up and running?
Our professional services are well-versed in different types of implementations. They will be happy to sit down with you and prepare the plan that is the most suitable for your organization, all with respect to your timeframe and resources. Please contact our experts for more details.
Does Nakisa Lease Administration support pre-paid leases?
Yes, Nakisa Lease Administration accommodates pre-paid leases, that can include full-prepayment and partial prepayment.
Full pre-payment: You can pay the entire lease amount upfront, even before the contract begins. Although the liability is zero, NLA facilitates depreciation and overall lease management throughout its lifecycle.
Partial pre-payment: If your company doesn't require full upfront payment but has specific pre-payments stipulated in the contract before signing, NLA fully supports these pre-payments.
Can I modify lease contracts at any point in Nakisa Lease Administration?
Nakisa’s lease management software can support a great range of lease events and modifications during the life of the contract. You can apply modifications to a lease contract or an activation group. Here are some of the events we support: contract rate change (to update the contract rate or IBR), terms & conditions reassessment (to exercise or un-exercise terms); indexation; asset impairment; decrease in term; decrease in asset; early buy-out, termination, and more.
How does NLA handle lease accounting, including calculations for lease liabilities and right-of-use assets?
Our application has a powerful engine that is created in full compliance with the standard guidance (IFRS 16, ASC 842, and local GAAP). We provide comprehensive transactions for every type of event during the life of a contract. Reach out to our experts for more details.
What lease calculation methods and models are supported for determining lease liabilities and right-of-use assets?
Our calculations are based on the guidance from the current lease accounting standards (IFRS 16 and ASC 842). The lease liability is based on the present value of future lease payments, whereas the right-of-use assets include the lease liability. NLA offers features enabling you to add or deduct only in accordance with the standard you use.
What types of reporting and analytics are supported in Nakisa Lease Administration? What audit reports does it offer?
Accounting reports:
NLA helps you to create various disclosure reports under multiple standards (Asset Roll Forward report, Cash Flow report, Expense report, Lease Liability report, Maturity Analysis report, Non-Lease Charge Expense report, Weighted Avg Discount Rate report, and Weighted Avg Lease Term report). We provide out-of-the-box reports, ad-hoc reports, and highly configurable dashboards on-the-fly for additional analysis.
Security reports:
We also have audit logs reports that include a full change log and audit trail and capture each time-stamped event with user ID, comments, and other relevant details. This information is always available and always remains linked to your contracts.
