First-class lease accounting and compliance
public and private companies operating in the US
Nakisa was among the first few companies in the world to deliver a robust lease accounting solution that integrates with the most trusted ERPs. Today, half of our users are based in the US, relying on our cloud-based, scalable solution for their growing finance operations, especially ASC 842 compliance. Nakisa Lease Administration is an evolving platform that captures all essential functionalities to quickly achieve US GAAP lease compliance, from data abstraction and lease determination, to analytics and disclosure reporting.
You need the best solution to succeed
Achieving ASC 842 compliance should not be a bitter pill to swallow
Early adopters of the Financial Accounting Standards Board’s (FASB) ASC 842 standard will testify—if you don’t carefully plan your strategy, achieving lease compliance will turn into a bumpy ride. Even for a mature company, bringing your leases into the general ledger requires more than a simple commitment from your corporate finance teams, when for years leases have been off balance sheet. This is where Nakisa is your best partner, centralizing the best of corporate accounting and IT know-how into one solution. It’s your key to success.
Impress your top executives, reassure your shareholders, and increase your company’s reputation
Corporate finance professionals are core to the company’s success and reputation. They’re the ones who provide complete and accurate finance data to the C-suite, the board of directors, investors, auditors, and the public. And if they miss the mark? Your company’s future is at stake. With Nakisa Lease Administration, you can demonstrate your expertise in finance, especially lease compliance, and help maintain—and increase—your company’s profitability and reputation.
Grow with confidence: an ASC 842 lease accounting solution built for large portfolios of property and non-property asset
Nakisa Lease Administration delivers advanced lessee and lessor capabilities for complex use cases, especially those involving heavy lease portfolios with high monthly activity. Some of our clients oversee more than 350,000 lease contracts and perform over 16,000 modifications every month. Unlike legacy software, our solution is built on a flexible framework allowing for faster growth and scalability in the long term. Get the most out of Nakisa’s 24/7 support, online training, center of excellence, and dedicated account managers. Deliver more—faster.
Get ready for dual reporting for both US GAAP and IFRS 16 from a single tool
Global companies have to report under both ASC 842 and IFRS 16. In this case, there’s no need to have separate solutions. Nakisa Lease Administration provides a unified platform for you to manage all leases under the two standards in parallel at the same time. Our solution implements each standard’s specificities and let you generate disclosure reports accordingly.
What does ASC 842 lease accounting with Nakisa mean?
Nakisa Lease Administration enables you to manage the full lease lifecycle from contract inception to termination. The reporting feature allows you to export pre-set disclosure reports to build your financial statements. Our finance platform includes lessee and lessor accounting, plus property management.
Automation for better operational efficiency
Our customers have significantly reduced operational costs and improved company synergy and performance using Nakisa Lease Administration. Automation has improved time management and collaboration, making manual, redundant operations a thing of the past.
Fast and easy setup
Importing spreadsheets with your finance data is made easy thanks to our automated Mass Import function.
Schedule postings to your ERP’s Account Payables with accruals, payments, and asset depreciation.
Master CPI change or remeasurements of multiple assets thanks to our mass modification function.
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