ExxonMobil was looking for a centralized solution for global lease consolidation, abstraction and management that could meet their unique and complex needs. As a highly sophisticated customer with a detailed understanding of what they required, ExxonMobil selected SAP Lease Administration by Nakisa to address compliance with ASC 842 and IFRS 16.
ExxonMobil will now have the ability to handle comprehensive lease accounting requirements and support transition accounting. They will be able to manage analysis, valuation, and assessment of lease contract data all within a single solution thereby reducing costs by making lease data accessible and actionable for stakeholders. All this is accomplished with a seamless integration with existing SAP technologies.
ExxonMobil is the world's largest integrated oil company. Exxon Mobil engages in oil and gas exploration, production, supply, transportation, and marketing worldwide. ExxonMobil is based in Irving, Texas and has over 73 thousand employees and does over $200 billion in annual revenue.
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.