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

MONTREAL, Canada – 06/03/2018 - We are pleased to announce two recent additions from the retail industry to the Nakisa Customer Family, which includes over 800 global enterprise customers and more than 4 million users. Louis Vuitton and Puma 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.

Retailers look to leases for the financial and operational flexibility they need to create a positive customer experience while still managing their costs. These contracts touch almost every aspect of a retail business, including the stores where the customer experience occurs, the point-of-sale systems which capture customer activity, and the distribution centers and transportation equipment that support the efficient delivery of products.

SAs a single repository for global lease portfolios, SAP Lease Administration by Nakisa supports our retail customers in essential activities such as monitoring expirations and provides them with ready access to critical decision-making data. With retailers facing the adoption of new accounting rules which require companies to put all their leases on the balance sheet, Nakisa’s solution supports streamlined adoption and ongoing lease accounting processes.

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.