Comply with IFRS 16 & ASC 842
Lease Accounting Standards Faster
Lease Administration by NAKISA® provides a fully guided lease management, accounting, and reporting solution that supports compliance with new lease accounting regulations while saving businesses on the significant costs coming from payment penalties, past-term leases and lost equipment. Lease Administration by NAKISA® is a complete end-to-end solution that leverages real-time native connectivity with SAP ERP Financials modules including Asset Accounting, General Ledger, Accounts Payable, and Plant Maintenance and Oracle Financial.
End-To-End Lease Management
Lease Administration by Nakisa is an enterprise class lease management and accounting solution that accelerates compliance with the new (ASC 842, IFRS 16) and current (ASC 840, IAS-17) leasing standards. Lease Administration by Nakisa delivers both compliance and smarter lease management in a solution that natively integrates with your existing ERP and financial systems. Lease Administration by Nakisa acts as a central repository for all your lease data, including detailed dashboards and reporting. With a built-in lease management and accounting workflow, Lease Administration by Nakisa offers increased efficiency and higher return on lease management processes. Out-of-the-box, native integration with SAP Asset Accounting (AA), General Ledger (GL), Accounts Payable (AP), Plant Maintenance (PM), and SAP master data tables means businesses see an overall reduction in implementation time, risk and cost of ownership. Lease Administration by Nakisa is SAP Premium qualified and is sold and supported by SAP as SAP Lease Administration by Nakisa.
Benefits
360 ° operating and finance lease management solution.
Get a Complete Lease Accounting Solution in a Single Platform
Complete lease life cycle accounting including: lease classification and amortization, right-of-use and liability asset calculation, accruals and payments, event management, audit trail, Disclosure reports and more.
Visualize your Entire Lease Portfolio
Intuitive pre-configured dashboards that breakdown the composition of your contract portfolio by contract status, payment obligations, asset classes, vendors, etc.
Create Disclosure Reports
Comply with ASC 842 and IFRS 16, and visualize their impact on your financial statements over time.
Accelerate Data Collections
Enable predefined fields, quick data import, export and integration from various sources.
Leverage Existing Data
Data from: Asset Accounting, Accounts Payable, Material Management and Plant Maintenance to create full visibility of equipment installation, usage and casualties throughout equipment lifecycle.
Be Strategic in the Administration of your Lease Operations
Gain insight into the life cycle of contracts, track key dates (renewals, expirations, etc.) and analyze the financial implications for your business.
Revenue Recognition Module SAP’s
Lease Administration includes Nakisa’s Revenue Recognition solution which enables analysis and assessment of revenue contract data. Reduce the time and cost of performing assessments by providing end-user productivity tools, enterprise collaboration tools, and complete audit trails for all activities.