Goodyear chose SAP Lease Administration by Nakisa to gain better visibility into their large lease portfolio and support their compliance initiative. Goodyear’s core requirement was compliance with IFRS 16 and ASC 842, with additional considerations for compatibility and integration with their existing SAP ERP environment.
In order to be compliant by the effective dates of the new leasing standards and to reduce the risk of penalties and undue payments, Goodyear required a lease accounting solution that was built from the ground up for compliance with IFRS 16 and ASC 842. SAP Lease Administration by Nakisa’s ability to meet or exceed the requirements of one of the world’s largest tire companies made it the right choice for Goodyear.
The Goodyear Tire & Rubber Company started in 1898 with just 13 workers producing bicycle and carriage tires. From that first bicycle tire, Goodyear quickly grew to become the world's largest tire company, a title it earned in 1916 when it adopted the slogan "More people ride on Goodyear tires than on any other kind." Today, The Goodyear Tire & Rubber Company is a $15 billion American multinational tire manufacturing company based in Akron, Ohio. Goodyear manufactures tires for automobiles, commercial trucks, light trucks, motorcycles, SUVs, race cars, airplanes, farm equipment and heavy earth-mover machinery. Goodyear has 66,000 employees.
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.