Nakisa Lease Administration for
GASB 87 Lease Accounting Compliance

Lease accounting software that US state and local governments can trust

Lease accounting and compliance software for US state and local governments

GASB 87 might be the most recent lease accounting standard released, but Nakisa Lease
Administration has been a top trusted finance platform in the US for years. Our GASB 87 software
module focuses on giving state and local government entities the right tools to seamlessly enforce
the requested changes for fiscal years beginning after June 15, 2021. Our solution is built with
avant-garde technologies and delivered to you from the cloud, in a Software-as-a-Service (SaaS)
model, for better flexibility and scalability.

46% of Our Customers Are
Based in the US

US-based, Fortune 500 public and private companies use our software to manage property and equipment lease contracts.

Enterprise-Grade,
SaaS-Based, and Secure

Your instance will run from a SOC 1- and SOC 2-compliant cloud in the US, to conform with all your data privacy and security standards.

Profile-Based, with UI in
English and Spanish

Access is role-based, with built-in approval workflows and audit logs for managers. Our platform includes multiple languages.

Standalone or Connected
to Your ERP

Our solution can act as a subledger that will integrate smoothly with government-approved ERPs such as SAP and Oracle platforms.

Trust Our Software for
All Aspects of Statement No. 87

Unsure if a contract falls under GASB 87? Worry no more!

With 94 different paragraphs outlining the standard, actions such as identifying exchange-like transactions and deferred inflows of resources or pinpointing when a university has control of the right of use of underlying assets can be daunting. When you have a doubt, you can always start with our built-in lease determination wizard. Select your options and get everything sorted out in a few clicks. Should you need further help, our in-house team of experts is always available to support you.

More than a fiscal year-end reporting tool, an everyday lease accounting platform

Nakisa Lease Administration is not a reporting tool that you use just once a year to prepare your disclosure notes. It is a finance platform that helps you manage lease contracts from end to end on a recurrent basis. Record one-time fees, casualty events, unit replacements, or early terminations as they happen. Our solution also comes with both lessor accounting and property management components, and we are building more.

Made for complex, large lease portfolios with intense activity

Our solution is built for structured institutions just like yours, dealing with thousands of lease contracts and hundreds of monthly modifications. Nakisa Lease Administration is built on scalable infrastructure to grow with your portfolio and your institution in the long run. Consider Nakisa an extension of your own company and enjoy the help of your dedicated Account Manager, plus 24/7 support, and more.

See the features

Who can use Nakisa lease administration’s GASB 87 module?

Any US-based institution managed by state or local governments can use Nakisa Lease Administration’s module to implement compliance with Statement No. 87.

Airports and public ferry operators across the United States

State departments of public health and their managed hospitals  

Public schools, community or technical colleges, and universities 

County energy offices managing electricity facilities and their maintenance

Correctional institutions such as prisons or juvenile rehabilitation centers 

Operational efficiency powered by automation

As a mature automated solution, Nakisa Lease Administration reduces operational costs, maximizing your organization’s performance and synergy, while eliminating time-consuming, manual labor.

Fast and easy setup

Start using the software within minutes after activation. Importing spreadsheets with your finance data is made easy thanks to our automated Mass Import function.

Synced ledgers

When connected to your ERP, scheduled postings will automatically update your Account Payables with accruals, payments, and
depreciation.

Batch operations

Actions like mass CPI change or remeasurements of multiple assets will never be an annoyance, thanks to our streamlined, automated
functions.

Need support for
GASB 87 compliance?

Make it happen faster. Tell us about your needs now.