NTUC FairPrice is LIVE with Nakisa’s lease management and lease accounting

About NTUC FairPrice

NTUC FairPrice is Singapore’s largest retailer. With over 13,000 employees, NTUC FairPrice operates a wide network of stores, including hypermarkets, supermarkets, and convenience stores, catering to a broad range of consumer needs. The chain comprises over 500 outlets, including FairPrice supermarkets, FairPrice Finest, FairPrice Xtra, FairPrice Xpress, and Cheers convenience stores. 

NTUC FairPrice and Nakisa's partnership 

To effectively manage its numerous lease contracts, NTUC FairPrice required a comprehensive lease management and lease accounting software solution. They chose Nakisa, which is ideally suited for large retailers with complex portfolios and lots of stores and leased locations.  As a result, they now experience seamless data flow from Real Estate to Finance and SAP, with no critical dates missed, reduced human intervention, and fewer manual errors—leading to higher data quality and faster month-end and year-end closings. 

Reflecting on the efficiency improvements brought by Nakisa, Lyn Kok, Project and Change Management Lead at NTUC FairPrice, shares: 

I can see that end users do more value-added jobs now. They don’t need to chase the real estate team for lease information or perform manual data entry. Instead, they validate data and close efficiently. For example, month-end closing is now twice as fast with Nakisa, saving 50% of man-hours.

Lyn Kok

Project Lead at NTUC FairPrice

Explore the full story of Nakisa and NTUC FairPrice’s partnership in our detailed case study. Interested in learning how Nakisa can streamline your lease management and accounting processes? Click here to discover our solutions and schedule a free demo.