Since 2017, Nestlé, the world’s largest food and beverage company, has been leveraging Nakisa’s lease accounting software (NLA) to manage their leased assets. Recognizing an opportunity to streamline their budget approval process, Nestlé sought our assistance. At the time, budget reconciliation between lease expenditures and allowed spending was largely manual and time-consuming, as their in-house budgeting system was not integrated with NLA.
To address this challenge, Nakisa co-innovated with Nestlé to develop a solution that simplifies and expedites the reconciliation process, resulting in the creation of Nakisa Capital Investments and Budgeting (CIB).
CIB is a tool designed to help organizations analyze, evaluate and select investment opportunities while monitoring their inflight performance to ensure budgets are not exceeded. In doing so, CIB supports organizations in achieving their strategic objectives and maximizing shareholder value.
Nestlé is now live with CIB, using it to efficiently manage their budget approvals and lease reconciliations. Click here to explore Nakisa’s end-to-end lease accounting software for global enterprises.
