MONTREAL, Canada – 22/5/2019 - We are pleased to welcome Sivantos to the Nakisa Customer Family, consisting of over 800 global enterprise customers and over 4 million users.
Sivantos is a leading manufacturer of hearing aids headquartered in Singapore. As a privately-held company with a large lease portfolio, they were strongly impacted by the IFRS 16 lease accounting standard that took effect on January 1, 2019. They began looking for a solution to support their IFRS 16 compliance initiatives in early 2019 to facilitate financial reporting for their leases. They required a solution that would centralize their vast amount of lease data to help facilitate ongoing lease accounting and management.
Early on in their compliance journey, they saw the value of Nakisa Lease Administration. As a purpose-built solution, Nakisa Lease Administration helps organizations manage global lease portfolios, gain strategic insights into financial data, and streamline lease accounting operations. Nakisa’s partner, KPMG, worked closely with Sivantos throughout the project.
Sivantos is part of WS Audiology, a company formed through the merger of Sivantos with Widex, another hearing aid manufacturer headquartered in Copenhagen. They manufacture Signia, Siemens and Rexton hearing aids
A global leader in enterprise business solutions for Organization Design 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, Nakisa serves 800+ enterprise customers and over 4 million subscribers in 24 industries. ERP-agnostic, cloud-based software allows Nakisa to meet the needs of organizations with complex business challenges. Nakisa is proud to work with some of the world’s most renowned brands.