Nakisa Achieves Oracle Validated Integration with Oracle Financials to Streamline Lease Accounting

Oracle Financials Cloud Customers Can Use Nakisa Cloud Connector for Oracle to simplify integration, reduce risk and support compliance with IFRS 16 and ASC 842

Montreal — 06/25/2019 - Nakisa, a Gold level member of Oracle PartnerNetwork (OPN), today announced that Nakisa Lease Administration has achieved ‘Integrated with Oracle Cloud’ status and is now available in the Oracle Cloud Marketplace offering added value to Oracle Financials Cloud customers. The Nakisa Cloud Connector for Oracle enables customers to leverage and sync data maintained in their Oracle Financials Cloud systems.

The Oracle Cloud Marketplace is a one-stop shop for Oracle customers seeking trusted business applications and service providers offering unique business solutions, including ones that extend Oracle Cloud Applications. Oracle Cloud is the industry’s broadest and most complete public cloud, delivering enterprise-grade services at every level of the cloud technology stack including platform as a service (PaaS), and infrastructure as a service (IaaS).

“This is a very important milestone for Nakisa,” said Melanie Ball, VP of Alliance, Channels and Training, Nakisa. “In a relatively short period of time, we’ve developed a strong relationship with Oracle that has allowed us to meet the needs of our joint customer base. This cloud connector is a testament to our joint commitment to delivering enterprise-grade solutions that help address IFRS 16 and ASC 842 compliance.”

"The cloud represents a huge opportunity for our partner community," said David Hicks, vice-president, Worldwide ISV Cloud Business Development, Oracle. "Nakisa’s commitment to innovation with the Oracle Cloud and quality execution helps our mutual customers receive cloud-enabled lease accounting solutions ready to meet critical business needs."

Integrated with Oracle Cloud status recognizes OPN member solutions that have been tested or verified to integrate with Oracle Cloud Applications.

Nakisa Lease Administration is a lease accounting solution, purpose-built to support compliance with IFRS 16 and ASC 842. The solution can support all categories of leases from buildings and parking lots to IT and office equipment. Designed to leverage data from existing financial systems, Nakisa Lease Administration can be connected with Oracle Financials Cloud using Nakisa’s validated connector or with other ERP systems using robust APIs.

The Nakisa Cloud Connector enables lease data to flow between Nakisa Lease Administration and Oracle Financials Cloud, allowing customers to:

  • Reduce cost for custom-built integrations and lower total cost of ownership (TCO)
  • Minimize data input errors and ensure data consistency across systems
  • Ease business processes by automating postings to one or several Oracle general ledgers
  • Achieve global visibility of all lease data and gain insight into lease liabilities and commitments

The latest version of Nakisa Lease Administration is available for customers today. For more information or to see a solution demonstration, please visit www.nakisa.com.

The Oracle Cloud Marketplace offers an intuitive user interface to browse and search for available applications and services, as well as user ratings and reviews to help customers determine the best business solutions for their organization. With its new automated application installation features, customers can easily deploy provider business applications from a centralized cloud interface.

About Nakisa

A global leader in enterprise business solutions for Organization Design and Accounting and Compliance, Nakisa delivers innovative, forward-thinking and robust human resource and financial management solutions that advance your business strategies.

Working with a global network of partners, 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.

About Oracle PartnerNetwork

Oracle PartnerNetwork (OPN) Specialized is the latest version of Oracle's partner program that provides partners with tools to better develop, sell and implement Oracle solutions. OPN Specialized offers resources to train and support specialized knowledge of Oracle products and solutions and has evolved to recognize Oracle's growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to differentiate through Specializations. Specializations are achieved through competency development, business results, expertise and proven success. To find out more visit http://www.oracle.com/partners.

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