Nakisa Lease Administration

IFRS 16 Software for Lease Accounting and Compliance

A solution designed for international businesses to simplify compliance with IFRS 16 by centralizing and automating lease accounting operations.

IFRS 16 accounting and compliance software for international businesses

Nakisa Lease Administration is a holistic lease management, lease accounting, and financial reporting software designed to support compliance with IFRS 16, ASC 842, and local GAAP. It enables global businesses that must report under the IASB’s international accounting standards to accurately track all aspects of their lease agreements for any tangible leased assets (such as property, equipment, fleet, land). Whether you’re a global organization or a business with international operations, we can help.

How can we support your IFRS 16 compliance initiatives?

Nakisa Lease Administration software is used by organizations worldwide to support compliance with lease accounting standards. With key features and functionalities to support the unique lease accounting requirements for global companies, Nakisa’s IFRS 16 accounting software helps to:

Lease Management

Facilitate lease lifecycle management from data consolidation to disclosure reporting for both real estate and equipment leases.

Lease Accounting

Contract and asset level accounting with support for lease reassessments, modifications and disclosure reporting.

International Use Cases

Available in multiple languages and made for global use with foreign currency translation, support for local GAAP and IFRS, and non-calendar fiscal year reporting.

Flexible Deployment

Leverage cloud technology and rapid deployment to get you up and running with a fully integrated solution to automate postings to your GL and other financial modules.

Accounting and compliance functionalities that you need available in an
intuitive easy-to-use interface

IFRS 16 compliance shouldn't be difficult to meet

IFRS 16 compliance shouldn’t be a difficult task to do. Early users of the International Accounting Standards Board (IASB) IFRS 16 standard would attest that obtaining lease compliance might be difficult if your strategy isn’t well thought out. Even for an established business, incorporating leases into the general ledger involves more than just corporate finance teams’ simple commitment because leases have historically been outside the balance sheet. Nakisa’s IFRS 16 accounting software is your ideal partner in this situation as it has combined the best corporate accounting and technology know-how into a single solution. That will help you succeed.

Grow with confidence: IFRS 16 lease accounting software designed for large portfolios of property, equipment, fleet, and land assets

Nakisa Lease Administration provides advanced features for both lessees and lessors, specifically designed to handle complex scenarios involving thousands of lease contracts with numerous monthly modifications, and a variety of terms and conditions, currencies, languages, and irregular calendars. Unlike legacy software, Nakisa Lease Administration is built on a scalable infrastructure, which enables faster growth and long-term scalability. Take advantage of Nakisa’s round-the-clock support, online training, center of excellence, and dedicated account managers to maximize your benefits. With Nakisa, you can achieve more in less time.

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

Nakisa’s lease accounting software is not a one-time use reporting tool for preparing disclosure notes. It is a comprehensive finance platform that assists you in managing lease contracts throughout their entire lifecycle. One-time fees, casualty events, unit replacements, and early terminations will be recorded as they occur. Our solution also includes lessor accounting and real estate management components, with ongoing development to expand its capabilities even further.

Dual reporting of US GAAP and IFRS 16 using a single tool with ease

As a global company, it is necessary to comply with both ASC 842 and IFRS 16, but there’s no need to have separate solutions. With Nakisa’s lease accounting software, you can manage all your leases under both standards simultaneously on one unified platform. Our solution accommodates each standard’s unique requirements and allows you to generate disclosure reports accordingly.

Rapid deployment to start reporting on leases sooner

To help you get up and running faster, we developed a rapid deployment methodology. Leveraging standalone capabilities and cloud technology, Nakisa’s rapid deployment can get you up and running in a matter of weeks. See how we can support your compliance initiatives as quickly, efficiently, and with the least amount of risk as possible. Read more 

What does IFRS 16 lease accounting with Nakisa mean?

Nakisa Lease Administration software offers comprehensive lease management capabilities that cover the entire lease lifecycle, from the initial contract inception to the eventual termination. With our reporting functionality, you can easily generate pre-configured disclosure reports that can be used to build your financial statements. Our finance platform is built to handle the accounting needs of both lessees and lessors, as well as real estate management.

Data abstraction and lease determination. initial recognition of ROU assets. Sub-sequent measurements-amortization. interst accural and payment. disclosure reporting

Boost your operational efficiency with automation technology

Using Nakisa Lease Administration, our customers have significantly reduced operational costs and maximized performance by automating tedious manual tasks and reducing risks associated with manual data entry.

Fast and easy setup

Importing spreadsheets with your finance data is made easy thanks to our automated Mass Import function.

Synced ledgers

Schedule postings to your ERP’s Account Payables with accruals, payments, and asset depreciation.

Batch operations

Master CPI change or remeasurements of multiple assets thanks to our mass modification function.

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IFRS 16 compliance?

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