Lease accounting software that US state and local governments can trust
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.
US-based, Fortune 500 public and private companies use our software to manage property and equipment lease contracts.
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.
Access is role-based, with built-in approval workflows and audit logs for managers. Our platform includes multiple languages.
Our solution can act as a subledger that will integrate smoothly with government-approved ERPs such as SAP and Oracle platforms.
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.
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.
Any US-based institution managed by state or local governments can use Nakisa Lease Administration’s module to implement compliance with Statement No. 87.
As a mature automated solution, Nakisa Lease Administration reduces operational costs, maximizing your organization’s performance and synergy, while eliminating time-consuming, manual labor.
Start using the software within minutes after activation. Importing spreadsheets with your finance data is made easy thanks to our automated Mass Import function.
When connected to your ERP, scheduled postings will automatically update your Account Payables with accruals, payments, and
depreciation.
Actions like mass CPI change or remeasurements of multiple assets will never be an annoyance, thanks to our streamlined, automated
functions.
Refer Nakisa to your partner.