Our engineers continually work on improving our platforms, bringing in the latest technical innovations. Built on the fastest servers, storage, and databases, Nakisa Lease Administration delivers better than its 99.5 percent availability SLA yearly. Our planned maintenance activities are always communicated in advance. To adopt and master the solution, you can always count on our free video training sessions, in-app help, user manuals and admin guides. And when you need assistance, our online support team, along with your dedicated account manager and our center of excellence engineers are always a shout away.
Trust Nakisa to be your long-term partner. Our solution is in constant evolution to help lease accountants around the world adapt to the changes by IASB, FASB, GASB, and other local accounting boards. This, along with our internal User Groups initiative involving end-users and Nakisa in-house lease accounting experts cumulating 50 years of experience, allows us to stay ahead of the game and implement new standards as they are being built.
While other solution providers charge you based on the number of lease contracts, Nakisa Lease Administration is licensed per user access.
Yes, there is. There are four different administrative roles: Technical Administrator, Functional Administrator, Power Administration, and Power User.
Nakisa has developed an eLearning Platform named Nakisa University to provide the best possible support to customers and partners. Our administrator and train-the-trainer online programs are designed to accelerate user adoption and get your users independent on day-to-day operations.
With Nakisa Lease Administration, you can manage all operating and capital leases, including fixed, short-term, low-value, and service contracts for both property and equipment leases.
No, Nakisa Lease Administration can either act as a standalone subledger for lease accounting or integrate with your favorite ERP. When connected, the solution can be set either in hybrid or fully connected mode.
Yes, the solution includes functionality to assist in the classification of contracts under IFRS 16, ASC 842, and GASB 87 standards. Nakisa Lease Administration will guide users towards an assessment wizard with final determination based on corporate accounting policies.
Absolutely! Many of our customers have migrated from spreadsheets or legacy solutions. Nakisa Lease Administration can import virtually any flat file and upload most mandatory fields automatically.
The solution provides out-of-the-box disclosure reporting capabilities and includes additional dashboards for financial planning and analysis, and transaction reports for reconciliation purposes. Additional capabilities are supported through integration with 3rd party BI tools using our APIs.
Nakisa Lease Administration is designed to handle all lease-life events including renewals, terminations, reassessment, and casualties in the appropriate accounting period. With built-in lease modification processes to effectively remeasure lease liabilities and ROU assets, our solution is ready for scenarios like asset impairment and intercompany transfers.
Audit reports are available out of the box and include a full change log and audit trail which captures each time-stamped event with user ID, comments, and other relevant details. This information is always available and always remains linked to your contracts.