Nakisa Announces New Metals Industry Customers for its SAP Lease Administration Solution

MONTREAL, Canada – 06/04/2018 - We are pleased to announce two additions from the metals industry to the Nakisa Customer Family, which includes over 800 global enterprise customers and more than 4 million users. Commercial Metals and Schmolz + Bickenbach Groupe 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.

The importance of maintaining globally competitive production costs drive companies in the metals manufacturing industry to make substantial investments in facilities, equipment, and technology. Successful companies in the industry use lease arrangements to provide flexible, cost-effective access to real estate, transportation services, and equipment that provide them with a competitive edge.

Because SAP Lease Administration by Nakisa supports real-time integration with existing software and master data, customers observe reduced implementation time, which accelerates their ability to improve total cost of ownership for their leased assets. This implementation speed also avoids the need for a cumbersome project with custom-built integrations, an important risk-reduction benefit for those companies facing requirements to adopt new lease accounting standards beginning in 2019.

Given the part leases play in their success, we are proud that leading metals companies like Commercial Metals and Schmolz + Bickenbach Groupe 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.