Line of Business: 

Nakisa takes lease accounting to the next level with enhanced support for IFRS 16 and ASC 842


Nakisa launched the latest version of its comprehensive lease accounting solution that assists customers by enabling lease accounting compliance and streamlining lease administration processes for global lease portfolios.

MONTREAL, Canada / July 21st, 2017, Nakisa announced today that version 4.0 of Lease Administration by Nakisa has been released. Lease Administration by Nakisa is an SAP Solution Extension, co-developed with SAP and also sold by SAP as SAP Lease Administration by Nakisa and is the only equipment leasing solution sold and supported by SAP for lease accounting standards.

Since the standards were issued, innovation and client-driven accounting practices have been a key driver for the Nakisa functional development. The new features in 4.0 add powerful accounting functionality essential for enabling compliance, including lease determination support and lease event management. Lease Administration by Nakisa’s expanded capabilities will also allow companies to leverage data in non-SAP systems.

This new version 4.0 can now make use of parallel accounting in SAP, with enhanced central governance and segregation of duties allowing for greater security and control over the process.

“We have hit a critical point on our path towards compliance where any business not making concrete actions and steps is at considerable risk. With version 4.0, customers can accelerate their go-lives, minimize effort, and reduce risk by leveraging native connectivity with SAP ERP Financials.” said Romeo De Leon, Global Manager of the Finance Line of Business at Nakisa.

About Nakisa

A global leader in enterprise business solutions for Organization Transformation and Accounting & Compliance, Nakisa delivers innovative, forward-thinking, and robust human resource and financial management solutions that advance your business strategies. 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.

SAP, SAP HANA, and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE (or an SAP affiliate company) in Germany and other countries. See for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.

Be the first to know!
  Subscribe to the Nakisa newsletter.

Further Reading


Nakisa Workforce Planning

Nakisa Finance


Nakisa HR suite

Nakisa Lease Administration