Lease Accounting Software
Nakisa Lease Administration
Nakisa Lease Administration reduces the cost and complexity of lease accounting compliance and management for global enterprises with a single, easy-to-use, cloud-based platform. From real estate to equipment and fleets, Nakisa Lease Administration is the only software of its kind that handles both lessor and lessee end-to-end accounting and operational requirements.
Global visibility and control
Nakisa Lease Administration allows customers to save time and costs by centralizing all contract data in one, single repository. A global view on all lease contracts enables users to view lease liabilities and commitments and quickly evaluate leasing impacts on financial statements.
Cloud technology
Cloud technology enables organizations to use the solution right out-of-the-box with minimal customization. Nakisa is able to provide a secure and reliable solution by partnering with cloud service providers. This helps to relieve the operational burden of operating, managing, and controlling the components.
Accounting excellence
Lease accounting is simplified and streamlined with Nakisa Lease Administration, a single system for accruals, payments, reconciliation, and financial reporting on leases. Nakisa Lease Administration was designed to go beyond compliance to IRFS 16, ASC 842 and GASB 87, and support sustainable, end-to-end lease management .
FEATURES
Lease accounting for enterprise organizations.
Nakisa Lease Administration is fully compliant with lease accounting standards IFRS 16, ASC 842 and GASB 87, integrates with all ERPs, and is available in 8 languages and all currencies. This global compatibility eliminates the need for multiple, siloed solutions and provides companies full visibility into their entire leasing landscape.
- Lease management for real estate and equipment leases
- Manage contracts using a multi-level contract structure
- Standardize lease determination and classification
- Perform initial measurement of ROU assets and lease liabilities
- Mass contract upload and mass contract modification
- Scheduler for automated batch processing and batch postings
- Validation framework for audit trail and ITGC compliance
- SOC 1 and SOC 2 compliance
Flexible, scalable and cloud native
Nakisa Lease Administration is a cloud-based lease accounting software that reduces the cost and complexity of managing global lease portfolios, is scalable to enterprise requirements and maintains compliance with global accounting standards.
Rapid deployment and Integration
Nakisa’s implementation methodology is simple, yet effective. Cloud technology helps to streamline implementation and accelerate adoption, with available native integration and API technology to support integration to multiple ERPs including SAP, Oracle and Workday.
Learn More >Use powerful dashboards with actionable insights.
Nakisa Lease Administration delivers actionable insights by providing the ability to collect, analyze, and visualize lease data. With dashboard reporting tool, you can generate custom reports that give you the real time strategic insights you need to stay agile and ensure visibility into your lease portfolio.
- GAAP-compliant report production
- Ad-hoc analytics and reports
- Snapshot view of your entire lease portfolio
- Reconciliation reports for audit trail
- Disclosure Reports - Supports disclosure reporting for all lease types
- Management Reports – Comprehensive, dynamic view of your global lease portfolio with drill-down capabilities
- Reconciliation Reports - Detailed list of all posted transactions to synchronize with your ERP and enable standalone capabilities
- Activity Analysis – Oversee any activity taking place in the application for both a quantity and dollar amount
- Automated report production
- Access to real time data
- Minimize unnecessary leasing costs
- Analyze financial implications
- Transition to the new standards
Ready for more?
Lease accounting solutions can be complex. We understand that. Our team of experts is available to answer your questions and show you the ins and outs of Nakisa Lease Administration.
Our team is at your disposal.
RESOURCES
INDUSTRIES
Retail
The lease accounting standards bring most leased assets onto balance sheets, exposing billions in lease liabilities across the retail industry.
Transportation
Beyond operating leases, many transportation companies will need to consider how other business arrangements fit into the lease accounting model.
Oil and gas
For oil and gas companies, some activities create industry-specific complexities for the ongoing application of the lease accounting standards.
Life sciences
A wave of significant financial reporting changes, particularly the lease accounting standards have brought new challenges to life sciences.
Why Nakisa?
Nakisa’s success is result of its experience with Fortune 1000 customers with complex IT environments, massive data sets, and unique integration requirements. Continuous development, a global partner network, and co-innovation has allowed Nakisa to meet customer needs.
