Zoetis chose Lease Administration by Nakisa to address their global compliance initiatives for IFRS 16 and ASC 842 for their complex global lease portfolio. Factors that influenced the decision included native integration with SAP, partnership with SAP, and alignment with SAP’s long-term roadmap.
As an end-to-end lease administration and accounting solution, Lease Administration by Nakisa is uniquely positioned to help Zoetis with compliance for the new lease accounting standards. Native integration with SAP ERP will allow Zoetis to move away from manual processes to a centralized accounting and central repository solution.
Zoetis (zo-EH-tis) is the leading animal health company dedicated to supporting customers and their businesses. Building on more than 60 years of experience, Zoetis delivers, develops, manufactures and markets veterinary vaccines and medicines, complemented by diagnostic products and genetic tests and supported by a range of services. Zoetis serves veterinarians, livestock producers and people who raise and care for farm and companion animals with sales of its products in more than 100 countries. In 2015, the company generated annual revenue of $4.8 billion with approximately 9,000 employees.
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.