Nakisa Announces New Heavy Equipment Industry Customers for its SAP Lease Administration Solution

MONTREAL, Canada – 07/03/2018 - We are pleased to announce two additions from the heavy equipment industry to the Nakisa Customer Family, which includes over 800 global enterprise customers and more than 4 million users. KoneCranes and Volvo Group have chosen SAP Lease Administration by Nakisa to gain insight into their global lease portfolios and to support their adoption of new lease accounting standards.

To provide industrial machinery that drives global production, companies in the heavy equipment industry make significant investments in process, technology, and assets. Industry participants use a variety of lease arrangements to obtain the land, buildings, and equipment they use in their own manufacturing operations and to procure vehicles and other assets which they rent to their customers.

With key integration capabilities to existing SAP applications, SAP Lease Administration by Nakisa allows companies to leverage their existing investments in technology. By simplifying leased asset tracking and accounting, and providing tools to guide sensitive accounting evaluations, Nakisa’s solution facilitates a streamlined approach to adopting new lease accounting standards which require companies to record all lease arrangements as assets and liabilities on their balance sheet.

Given the part leases play in their success, we are proud that leading industrial machinery and equipment manufacturers like KoneCranes and Volvo Group continue to choose SAP Lease Administration by Nakisa to support their lease management and accounting processes.

About Nakisa

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.