NAKISA LEASE ADMINISTRATION
End-to-end lease accounting for
IFRS 16 and ASC 842 compliance.
Global visibility and control
Centralize contract data that is stored disparately across your organization to gain clear visibility into lease liabilities and commitments.
Cloud technology
Save time to go-live by leveraging powerful cloud technology that eliminates the needs to discuss hardware requirements and software capabilities.
Accounting excellence
Handle comprehensive lease accounting requirements, support transition accounting under IFRS 16 and ASC 842, and process required accounting lookback.
FEATURES
End-to-end accounting you can trust.
Nakisa Lease Administration is a purpose built end-to-end lease management and accounting solution that centralizes company-wide lease data. The solution helps organizations manage global lease portfolios, gain strategic insights into financial data, and streamline lease accounting operations.
- Lease lifecycle management
- Manage contracts using a multi-level contract structure
- Standardize lease determination and classification
- Perform initial measurement of ROU assets and lease liabilities
- Facilitate lease modification, remeasurement, and asset causalities
- Prepare required quantitative note disclosures
Looming deadlines, no problem.
Nakisa Lease Administration is a standalone cloud solution designed to fill the white-space left by your existing finance and accounting systems.
Introducing Rapid Deployment.
Cloud technology helps to streamline implementation and accelerate adoption while standalone mode shortens the timeline from data collection to lease accounting.
Learn More >Use powerful dashboards with actionable insights.
Nakisa Lease Administration delivers actionable insights by providing the ability to collect, analyze, and visualize lease data and produce interactive dashboards and reports with drill down capabilities.
- GAAP-compliant report production
- Ad-hoc analytics and reports
- Snapshot view of your entire lease portfolio
- Reconciliation reports for audit trail
- Automated report production
- Access to timely and accurate data
- Minimize unnecessary leasing costs
- Analyze financial implications
- Transition to the new standards
Ready for more?
Lease administration technology can be complex. We understand that. Our team of product and lease accounting experts are available to answer your questions and show you the ins and outs of Nakisa Lease Administration.
Our team is at your disposal.
INDUSTRIES
Retail
The new lease accounting standards – IFRS 16 and ASC 842 – bring most leases onto balance sheets, exposing billions in lease liabilities across the retail industry.
Transportation
Beyond operating leases, many transportation companies will need to consider how other business arrangements fit into the new lease accounting model.
Oil and gas
For oil and gas companies, some activities create industry-specific complexities for the ongoing application of the new lease accounting standards.
Life sciences
A wave of significant financial reporting changes, particularly the new lease accounting standards have brought new challenges to life sciences.
TESTIMONIALS
"We tried to find suitable software that could support us in our endeavors. Nakisa’s solution was the only one that could support us to work in integrated ways.”
- Richard van der Laan, Director of Accounting and Reporting, KLM
"The new regulations are a significant change in how businesses manage their leases. SAP Lease Administration is our solution of choice for SAP customers requiring an equipment lessee solution.”
- Thack Brown, General Manager and Global Head of Line of Business Finance, SAP
