We’re excited to announce that Gartner has listed Nakisa IWMS as a representative vendor in its 2024 Market Guide for Integrated Workplace Management Systems (IWMS). This achievement follows the launch of the Nakisa IWMS product portfolio last year, highlighting the strength and value of our new offering.
Designed for large enterprises, Nakisa IWMS simplifies and automates enterprise portfolio management across multiple use cases, including capital project budgeting and planning, commercial real estate management, lease accounting, and facility maintenance.
Nakisa IWMS is built on a cloud-native platform, which delivers unmatched configurability and scalability to perfectly mirror complex global operations. The solution overcomes critical shortcomings of legacy solutions, enabling enterprises to achieve greater efficiency and adaptability.
The IWMS industry transformation through the years
As Ashwath Muralidharan, Director of Business Development and Strategy at Nakisa, shared in an interview with Beaumont Bailey, the IWMS industry has undergone remarkable transformations in recent years. Historically, IWMS solutions evolved from Computer-Aided Facility Management (CAFM) systems, designed for facility management. Over the past decade, the focus has shifted significantly toward portfolio management, particularly lease administration and accounting, where IWMS began to be viewed as the ERP of real estate. An interesting fact is that Nakisa is a pioneer in this regard, being one of the first to introduce a dedicated lease accounting solution in 2015.
The industry has also adapted to new challenges brought about by the pandemic and the transition to hybrid work models. As organizations increasingly embraced remote and flexible work environments, the demand for effective space utilization, occupancy monitoring, and built environment health grew. Nakisa responded swiftly to these evolving needs by developing specialized products tailored to the hybrid work model, ensuring that businesses could manage their assets and spaces effectively, no matter where their employees were located.
The Nakisa IWMS Portfolio
In line with these industry shifts, Nakisa has strategically developed four product suites with multiple licensable products. These solutions are integrated under Nakisa IWMS, designed to provide a comprehensive approach and meet the varied needs of modern enterprises.
Nakisa Capital Projects
Nakisa Capital Projects enables your teams to allocate and manage capital project budgets, select the optimal site, and execute any capital project projects with control and predictability.
Nakisa Portfolio Management
Nakisa Portfolio Management offers a powerful yet intuitive end-to-end solution that centralizes and automates all aspects of portfolio management. Teams can easily track contractual obligations, manage asset lifecycle events, and automatically perform complex rent calculations, including escalating, indexed, or variable rent, year-end reconciliation of Common Area Maintenance (CAM) or insurance expenses, and many more. Mass operations, such as bulk modifications and AI-driven lease abstraction, further enhance operational efficiency and minimize manual errors. A configurable multi-level approval system and automated collaborative workflows streamline internal communication, while a vendor portal ensures transparent invoice management and facilitates smoother reconciliation with external parties.
Nakisa Lease Accounting
Nakisa Lease Accounting enables true contract- and asset-level accounting capabilities, ensuring seamless parallel compliance with IFRS 16, ASC 842, and local GAAP. Financial data accuracy is maintained through native bidirectional ERP integrations with SAP, Oracle, and Workday, as well as advanced APIs that integrate with SaaS platforms like Blackline.
Nakisa Facility Management
Nakisa Facility Management offers a cohesive system to track asset inventory, conduct facility inspections, and ensure proactive and reactive maintenance through efficient work order management. It also allows for continuous tracking and reporting on vendor performance via the vendor portal. Additionally, Nakisa offers Energy and Sustainability functionality, helping large enterprises monitor and reduce CO2 emissions in alignment with ESG goals.
Explore Nakisa IWMS in Action
Want to see Nakisa IWMS in action and understand how it can transform your enterprise portfolio management? Book a no-obligation demo to ask questions about your business and industry needs. Or, watch our IWMS Launch Webinar, where Nakisa’s experts provide an in-depth look at the platform’s capabilities, product suites, and real-world applications.
About Nakisa
Nakisa is a global leader in cloud-native enterprise solutions, specializing in lease accounting, IWMS, and workforce planning. With a strong track record of innovation and customer success, we serve over 1,100 clients across diverse industries, including some of the world’s most renowned companies like Pfizer, Puma, State Street, Volvo, Walmart, AIB, ExxonMobil, Airbus, OPG, Standard Bank, and Nestlé. Our solutions empower 6.6 million users across 135 countries to drive operational efficiency, ensure compliance, and optimize business performance. By combining cutting-edge technology and decades of expertise with Fortune 1000 companies, Nakisa is committed to helping organizations navigate complex challenges and achieve sustainable growth.
