Written by: Bhavin Topiwala, Director R&D – Integration @ Nakisa
Read Time: 8 Min
In a blog series, Nakisa’s Chief Technology Officer, Faraz Ahmed explained why businesses and organizations need a lease accounting solution that can natively integrate with ERP systems such as SAP S4/HANA, SAP ECC or Oracle EBS. A lease accounting and administration solution can leverage SAP, or Oracle ERP’s master data, mirroring objects and data fields to accomplish lease accounting and real estate tasks easily.
When integrating with SAP S/4HANA, all accounting transactions should flow automatically without manual intervention. Nakisa’s setup enables SAP ERP’s General Ledger (GL), Accounts Receivable (AR), and Accounts Payable (AP) to record all business transactions and financial information related to the leasing of equipment and real estate.
Now that we understand the importance of integrating your lease accounting & real estate solutions with your ERPs, let us talk about SAP S4/HANA and SAP ECC and how Nakisa can integrate with both systems.
What is SAP S/4HANA?
SAP S/4HANA is the new modular ERP solution offered by SAP (debuted in 2015) that leverages SAP’s database (HANA). SAP’s in-memory database helped improve S4/HANA performance.
SAP offers their new ERP system for on-premises and cloud, which prompted many global organizations to be interested. As a result, many are planning to migrate to SAP S/4HANA ERP in the next couple of years.
SAP ERP Central Component (SAP ECC)
SAP ERP Central Component (SAP ECC) is an on-premises ERP system introduced in 2005. SAP ECC can utilize various third-party databases.
Differences between SAP S/4HANA and SAP ECC
Both solutions are different based on the database they use. For example, ECC runs on third-party database systems such as Oracle while SAP S/4HANA relies on the SAP in-memory database.
This major difference between the 2 ERP systems requires us at Nakisa to have a more comprehensive approach when it comes to creating solutions that are both ERP and database agnostic.
Now let us look at the basic similarities and differences of these 2 popular ERPs and how Nakisa can natively integrate with them.
Integrating NLA and NRE with SAP ECC and SAP S/4HANA
Note: Our solutions have the capability to leverage and consume Zbapis but our standard approach is to always use the official BAPIs provided by SAP to ensure maximum performance and security. Of course, we co-innovate with our partners for specific requirements of their global companies and their need from our SaaS solution, and for those reason, our solution can use those zbapis which are developed by them, and we can collaborate with them to ensure our solutions can work together seamlessly with no performance or security shortcomings.
Our solution does not limit your global expansion. It prevents any issues related to putting your global real estate & lease data in one consolidated format. Our solution is your system’s ultimate and reliable truth source.
This is thanks to Our in-house GL engine that is designed to synchronize with various ERP general ledgers and create a global view of all your lease portfolios.
For example, Nestlé S.A. has successfully integrated its 12 ERP systems with its Nakisa NLA SaaS Solution.
Integration between your solutions helps users to avoid duplicate data points across their technology landscape. Users enjoy consistency when they have a secure and consolidated data source.
Nakisa is ACID complaint
At Nakisa, we leverage standard native cloud protocols to synchronize data and to ensure data consistency between the systems, thus making our solution ACID-compliant (ACID stands for atomicity, consistency, isolation and durability and we will soon be releasing an article about this so watch our blog section to read about this in the next few weeks).
We have created multiple functionalities to simplify our users’ activities and to increase their trust in our system accuracy. For example, we provided a new functionality through UI to help users validate SAP postings. Our users and their auditors can use such functionalities to perform spot checks to determine the accuracy of their data