Hexion chose Lease Administration by Nakisa to address IFRS 16 and ASC 842 compliance. The customer was looking for a lease management, accounting, compliance and reporting solution for lease administration that natively integrates with SAP.
Lease Administration by Nakisa’s ability to automate finance and accounting through push and pull ERP integration made it an excellent fit for Hexion. Powerful technology allows world leading companies to adopt the software quickly and configure as necessary.
Hexion™ Specialty Chemicals is the world’s largest producer of thermosetting resins. The second-largest North American-based specialty chemicals company, Hexion generated 2008 sales of $6.1 billion through its leading positions across various end markets and geographies. Hexion was formed in 2005 through the merger of Borden Chemical, Inc., Resolution Performance Products LLC (RPP) and Resolution Specialty Materials LLC (RSM), and the acquisition of Bakelite AG.
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.