Kraft Heinz chose SAP Lease Administration by Nakisa to gain visibility into their global lease portfolio. The customer required a solution that could support IFRS 16 and ASC 842 compliance initiatives while also integrating with their existing SAP ERP environment.
As one of the largest food and beverage companies in the world, Kraft Heinz required a tested, verified and validated lease accounting solution. Co-developed, tested and supported by SAP, SAP Lease Administration by Nakisa was the right solution for Kraft Heinz. Advanced lease accounting capabilities will help Kraft Heinz comply with the new lease accounting standards before the deadlines.
About Kraft Heinz
The Kraft Heinz Company is the third-largest food and beverage company in North America and the fifth-largest food and beverage company in the world, with eight $1 billion+ brands and 41,000 employees. A globally trusted producer of delicious foods, The Kraft Heinz Company provides high quality, great taste and nutrition for all eating occasions whether at home, in restaurants or on the go.
The Company’s iconic brands include Kraft, Heinz, ABC, Capri Sun, Classico, Jell-O, Kool-Aid, Lunchables, Maxwell House, Ore-Ida, Oscar Mayer, Philadelphia, Planters, Plasmon, Quero, Weight Watchers Smart Ones and Velveeta.
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.