With Nakisa software, your numbers are correct anytime.
Here’s our approach:
Francisco Javier Chavez Espinosa, accounting analyst at Grupo Gondi
By optimizing lease accounting and lease lifecycle management with Nakisa, you will reduce manual errors, ensure time and cost savings, and let your team focus on strategic tasks
Lease Data Capture
Lease Accounting and Administration
Transaction Posting and Payment
Auditing and Reporting
Nakisa provides you with easily auditable and highly configurable reports with drill-down
Our lease accounting software is designed for:
With the number of lease contracts we have, we needed a scalable software that could be operational before our IFRS 16 compliance deadlines. After an extensive vendor selection process, we identified that Nakisa is the best solution.
John van Oorschot, Head of Global Controlling at INEOS
Think of Nakisa Lease Administration as the central hub that is fed by and feeds an enterprise’s various ERP systems (SAP ECC, SAP S4/HANA, Oracle), isolated databases, and SaaS solutions. It ensures smooth lease administration and continuously updated lease data for the entire environment.
With the robust capability of bidirectional ERP integrations and REST APIs, our software is ready to plug into any system you work with.
The integration is really important, because once we have verified that contracts are captured correctly in the Nakisa system, we don’t want to worry if in the ERP the data are also correct and to run complex reconciliations every month.
Dana Jircikova, Head of Capital and Financial Investments Reporting, Nestle
Configure Nakisa at different levels: the whole environment, selected ERP, company, or entity. You can also tailor and evolve workflows to perfectly align with your operational needs.
Nakisa Cloud Platform enables us to do what others can’t! With advanced technologies and microservices, we offer fast deployment and upgrades, uptime availability of 99.5%, and outstanding scalability.
Our solution experts will answer all your questions, share the best lease accounting practices with you, and explain how your company can benefit from Nakisa’s lease management software.
Nakisa team goes beyond to ensure timely high-quality implementation and a seamless migration from your previous solution
Walmart Senior Director Global Lease Center of Expertise
accounting analyst at Grupo Gondi
If your company is looking for new lease management software, begin by assessing your lease portfolio needs. Next, examine the functionalities offered by various vendors. Key considerations include compliance with lease accounting standards, integration capabilities, automation and analytics, data security, and scalability. For a comprehensive guide and checklist, refer to our Ultimate Guide on Choosing Lease Management Software. There, you will find three key steps for choosing the ideal software and a detailed vendor scorecard/RFP checklist to objectively assess market solutions.
Nakisa Lease Administration (NLA) supports multiple accounting standards in parallel: IFRS 16, ASC 842, and local GAAP.
Lease management software is primarily designed to help organizations manage and streamline the various aspects of their lease portfolio. It focuses on the operational and administrative aspects of leases, such as tracking lease agreements, monitoring lease terms and dates, and facilitating lease-related communication and collaboration. Lease management software typically includes features for lease document storage, reminders for important lease events, asset management (for equipment or real estate leases).
The terms “lease management software” and “lease accounting software” may be used interchangeably, but they have slight differences in their meaning. Lease management software focuses on operational aspects like tracking and document storage, while lease accounting software is specifically designed for financial tasks such as compliance with accounting standards and automated reporting.
Nakisa Lease Administration is a cloud-native solution that assists global enterprises in streamlining lease accounting and lease management. It helps manage a variety of leases (equipment, land, fleet, real estate), ensuring compliance with IFRS 16, ASC 842, and local GAAP. By automating operations, NLA minimizes manual error risks and calculates expenses in line with accounting standards. Many Fortune 1000 companies use Nakisa for enhanced lease portfolio visibility and operational excellence.
Nakisa Lease Administration is the next-gen software that was designed from the ground up in the cloud and leverages the latest cloud-native technologies. NLA offers all the benefits of a cloud-based solution and goes beyond them by adding exceptional scalability, performance, and innovations. If you’re looking for a cloud-based solution, you’re in good hands.
From on-prem to cloud-based and then to cloud-native technologies, the Nakisa team has had a great journey. Feel free to reach out to us about any use case you have, and we’ll figure out the best option for you.
Nakisa’s lease accounting software includes modules for both lessee and lessor. You can use each of them or both in parallel.
Nakisa Lease Administration effectively supports a robust lease portfolio, accommodating a substantial number of lease contracts (100,000-1,000,000) with diverse assets that have distinct lease lifecycles and events. NLA seamlessly handles various lease types, including real estate, land, vehicles, equipment, and operating leases. Designed for complex scenarios, NLA is adaptable to situations like indexation, rent escalation, multiple vendors, non-standard calendars, and more.
Yes, Nakisa Lease Administration software provides native bidirectional ERP integrations. It works seamlessly with SAP ECC and SAP S4/HANA and supports Oracle. We can connect multiple ERPs of various nature (for example, you can have integration with tens of different SAP and Oracle at the same time).
Certainly, Nakisa Lease Administration seamlessly integrates with various financial systems within your organization. Its cloud-native architecture facilitates advanced integrability, allowing NLA to easily connect with your existing systems through native integrations (ERP), APIs (third-party SaaS tools like Blackline), or flat file integrations
Absolutely! Nakisa Lease Administration allows easy import of lease agreements from spreadsheets or legacy solutions. The software supports mass import from Excel, complete with data validation tools to ensure accurate migration. Additionally, our Nakisa team is ready to assist in migrating data from your previous lease management software. We collaborate closely with your team to audit and validate the migration process, even when dealing with multiple data sources.
Yes, Nakisa Lease Administration software is designed to support multiple languages, currencies, and accounting standards for various regions. Our solution is trusted by global leaders across diverse markets. Reach out to our experts for more details.
Nakisa prioritizes client support, ensuring dedicated client support 24/7/365 and an assigned customer success manager for each client. We offer comprehensive onboarding materials and monthly training through NLA Office Hours and NLA User Group.
NLA Office Hours provide insights into new features, while User Group sessions facilitate discussions among our user community on various use cases and scenarios. Access our training resources on YouTube and C Portal, or join live sessions by signing up here. Also, check our Resource Center for more step-by-step guidelines. We are dedicated to empowering users with the necessary knowledge and support.
Nakisa’s lease management software adheres to security, privacy, and reliability standards, including SOC 1 (Type I and II), SOC 2 (Type I and II), and GDPR (full ITGC). It offers data encryption both in rest and transit, along with the audit log functionality to track and roll back all changes if needed.
NLA offers extensive configurability and scalability, making them its competitive advantage on the market of the lease management and accounting software. From flexible asset accounting to granular permissions for segregation of duties (SoD), NLA can be tailored to perfectly fit your organization and workflows. Its cloud-native architecture ensures unparalleled scalability, making it ideal for global enterprises with hundreds of thousands of contracts and high-volume monthly activity. Chat with our experts for more details.
Nakisa Lease Administration solution pricing is based on multiple factors. Our pricing is designed to ensure that the way you structure your contracts and operations is fully up to you and you don't need to worry about additional costs from your lease accounting software provider. Contact us for a customized pricing solution tailored to your needs.
Our professional services are well-versed in different types of implementations. They will be happy to sit down with you and prepare the plan that is the most suitable for your organization, all with respect to your timeframe and resources. Please contact our experts for more details.
Yes, Nakisa Lease Administration accommodates pre-paid leases, that can include full-prepayment and partial prepayment.
Full pre-payment: You can pay the entire lease amount upfront, even before the contract begins. Although the liability is zero, NLA facilitates depreciation and overall lease management throughout its lifecycle.
Partial pre-payment: If your company doesn't require full upfront payment but has specific pre-payments stipulated in the contract before signing, NLA fully supports these pre-payments.
Nakisa’s lease management software can support a great range of lease events and modifications during the life of the contract. You can apply modifications to a lease contract or an activation group. Here are some of the events we support: contract rate change (to update the contract rate or IBR), terms & conditions reassessment (to exercise or un-exercise terms); indexation; asset impairment; decrease in term; decrease in asset; early buy-out, termination, and more.
Our application has a powerful engine that is created in full compliance with the standard guidance (IFRS 16, ASC 842, and local GAAP). We provide comprehensive transactions for every type of event during the life of a contract. Reach out to our experts for more details.
Our calculations are based on the guidance from the current lease accounting standards (IFRS 16 and ASC 842). The lease liability is based on the present value of future lease payments, whereas the right-of-use assets include the lease liability. NLA offers features enabling you to add or deduct only in accordance with the standard you use.
NLA helps you to create various disclosure reports under multiple standards (Asset Roll Forward report, Cash Flow report, Expense report, Lease Liability report, Maturity Analysis report, Non-Lease Charge Expense report, Weighted Avg Discount Rate report, and Weighted Avg Lease Term report). We provide out-of-the-box reports, ad-hoc reports, and highly configurable dashboards on-the-fly for additional analysis.
We also have audit logs reports that include a full change log and audit trail and capture each time-stamped event with user ID, comments, and other relevant details. This information is always available and always remains linked to your contracts.