Nakisa Announces New Oil and Gas Industry Customers for its SAP Lease Administration Solution

MONTREAL, Canada – 07/03/2018 - - We are pleased to announce three additions from the oil and gas industry to the Nakisa Customer Family, which includes over 800 global enterprise customers and more than 4 million users. Chevron Phillips, TA Petro, and Total have chosen SAP Lease Administration by Nakisa to gain access into their global lease portfolios and to support their adoption of new lease accounting standards.

Diverse portfolios, attractive cost positions, and effective maintenance regimes are all vital contributors to long-term competitiveness in the oil and gas industry. Companies in the space make pervasive use of leases, service arrangements, and innovative ownership structures to secure the assets they employ in their operations.

SAP Lease Administration by Nakisa provides the end-to-end lease accounting oil and gas producers need in their operations management activities such as monitoring the condition and utilization of their assets. With features such as questionnaires that guide users through the steps of determining control and economic benefit of underlying assets, Nakisa’s solution supports these companies in their efforts to apply new lease accounting rules to the innovative structures they use in their business.

Given the part leases play in their success, we are proud that leading chemical products companies like Advansix and Yara International 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.