Flowserve chose Lease Administration by Nakisa to address their compliance initiatives for new lease accounting standards. Flowserve reviewed the solution's roadmap, outlook, and end-to-end capabilities including contract creation, abstraction, approvals, accounting engine, and SAP integration before making a decision. Ultimately, Lease Administration by Nakisa’s ability to leverage an organization’s ERP and single-source-of-truth made it the right solution for Flowserve.
As Flowserve addresses their global compliance initiatives for new leasing standards, they will be able to streamline and simplify the lease accounting process using Lease Administration by Nakisa
About Flowserve Corporation
Flowserve Corporation, incorporated on May 1, 1912, is a manufacturer and aftermarket service provider of flow control systems. The Company's segments include Engineered Product Division (EPD), Industrial Product Division (IPD) and Flow Control Division (FCD). The Company's geographic segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The Company develops and manufactures precision-engineered flow control equipment integral to the movement, control and protection of the flow of materials in its customer's critical processes
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.
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.