Vishay selected SAP Lease Administration by Nakisa to support IFRS 16 and ASC 842 compliance initiatives. The customer was looking for an end-to-end lease accounting system that could seamlessly integrate with their existing SAP ERP environment.
Designed to support transition accounting and natively integrate with SAP ERP, SAP Lease Administration by Nakisa is uniquely suited to help Vishay Intertechnology achieve compliance with the new leasing standards.
About Vishay Intertechnology
Vishay, a leader in the global electronics industry, has grown through acquisitions to include such top names as Dale, Sfernice, Draloric, Sprague, Vitramon, Siliconix, General Semiconductor, BCcomponents, and Beyschlag. Vishay's components are used in everything from hybrid cars to spacecraft to wireless phones and laptops. Customers include tech and electronics giants such as Cisco, IBM, LG, Nokia, Samsung, and Sony. The company has more than 60 manufacturing facilities in about 15 countries, and Vishay Intertechnology generates most of its sales outside the US.
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.