Nakisa appoints Chuck Frosst as Chief Operating Officer Nakisa Announces Expanded Reseller Agreement with SAP for Corporate Finance Customers: Nakisa Lease Contract Administration Application Now Available from SAP
MONTREAL, Canada - May 28, 2014 — Nakisa® Inc. (Nakisa), a recognized leader of data management and visualization solutions, announced it has expanded its reseller agreement with SAP (NYSE: SAP), in support of corporate finance customers. SAP will now resell the Nakisa Lease Contract Administration solution as the SAP® Lease Administration application by Nakisa. With this innovative solution, organizations can take full advantage of the features available to collect, assemble, and analyze vast quantities of lease asset data to more efficiently consolidate and streamline lease administration, resulting in reduced costs and visibility into a corporation’s entire lease portfolio.
“Nakisa has worked closely with SAP for 10 years, developing innovative solutions that maximize the value of customers’ software investments,” said Romeo De Leon, vice president, Product Development, Nakisa. “With Nakisa Lease Contract Administration now available from SAP, SAP customers can take proactive steps to prepare for compliance with the new leasing regulations and reduce the costs associated with lease administration and management.”
This solution is designed to meet the immediate needs of customers who will be affected by the upcoming changes to lease accounting regulations under U.S. Generally Accepted Accounting Principles (U.S. GAAP) and International Financial Reporting Standards (IFRS) proposed by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB).
Companies utilizing this solution will be able to collect and validate the contractual attributes of leased assets and gain more accurate visibility into their corporate lease portfolio and better understand their current and future lease exposures related to financial accounting standards. Optimal asset portfolio management is best achieved when using accurate, validated information. Nakisa Lease Contract Administration enables real-time access to lease asset data in order to support accounting processes, resulting in more efficient cost controlling and regulatory compliance.
SAP Lease Administration by Nakisa will be showcased at Nakisa’s booth 920 at the SAPPHIRE® NOW conference, being held June 3-5 in Orlando, Fla. To learn more about Nakisa and its partnership with SAP, visit www.nakisa.com. For more about SAP Lease Administration by Nakisa, visit the SAP website: http://www.sap.com/solution/lob/finance/software/lease-administration-nakisa/index.html.
Nakisa Inc., a recognized leader of data management and visualization solutions for SAP® solutions, helps customers better manage, track and validate their lease-related data to reduce spending, improve efficiency and ensure compliance to upcoming regulatory changes. An SAP partner since 2007, Nakisa has over 3.4 million users in 700 enterprises across 24 industries worldwide. SAP resells three Nakisa solutions under the following names: SAP Lease Administration application by Nakisa, SAP Organizational Visualization application by Nakisa, and SAP Talent Visualization application by Nakisa.
SAP, SAPPHIRE and all SAP logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries. All other product and service names mentioned are the trademarks of their respective companies.
For more information, contact:
Sonia Dorais, Marketing Communications Specialist
Nakisa Inc., 733 Cathcart, Montreal, Quebec, H3B 1M6, CANADA
Tel: 514.228.2000, ext: 2286