Groupe Casino had put out an RFP in order to find a solution that would support their ASC 842 and IFRS 16 compliance project. After a rigorous selection process, they decided in favour of SAP Lease Administration by Nakisa for a centralized solution for global lease consolidation, that could accelerate compliance with ASC 842 and IFRS 16.
SAP Lease Administration by Nakisa’s ability to provide visibility and strategic insight into a global lease portfolio made it the perfect fit for the global retailer. Groupe Casino now has the ability to evaluate the impact on financial statements with a global view on all lease contracts and gain visibility into lease liabilities and commitments.
About Groupe Casino
Groupe Casino is a French mass retailer with operations around the world. The company is listed on the NYSE Euronext Paris stock exchange and its majority shareholder is Rallye SA. The company's head office is in Saint-Étienne. Groupe Casino has over 329 thousand employees worldwide with revenue of over €50 billion worldwide.
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.