The Nakisa Finance Suite
Best ASC 842 lease accounting software trusted by Fortune 1000
Managing lease accounting for large, complex portfolios (property, equipment, land, fleet) while ensuring ASC 842 compliance? Let us automate it for you. Nakisa clients reduce period-end time by 71%.
- Track, account, and report on all lease data in one single solution
- Utilize easily auditable and highly configurable reports
- Use mass operations and automation to save time and eliminate errors
- Achieve IFRS 16, ASC 842, local GAAP accounting compliance
- Eliminate data reconciliation needs thanks to native ERP integrations (SAP ECC, SAP S4/HANA, Oracle)
Market leaders trust Nakisa
We are using Nakisa for real estate for all of our markets. The benefit that we have seen is that it can do the accounting IFRS 16, ASC 842, and have SAP integration.”
We worked closely with the Nakisa team to build a solution that would fit the size and requirements of a corporation like Nestlé.”
With Nakisa, we have found both month-end and quarter end closing processes to be much more straightforward operations.”
Tired of time-consuming maneuvers, human errors, and delays in month-end closings?
Nakisa offers the best ASC 842 software solutions for global enterprises. Get robust features for each phase of the lease lifecycle to easily manage 100,000+ lease contracts of any tangible assets from A to Z. Our lease accounting solution features advanced configurability to handle all complex use cases. It natively integrates with the most trusted ERPs, and ensures parallel compliance with ASC 842, IFRS 16, and local GAAP.
Lease data capture
Utilize mass data upload via bilateral ERP sync (SAP and Oracle), APIs, or flat files. Automatically and instantly identify, abstract, and validate key fields in any lease document.
Lease accounting and administration
Leverage true asset-level accounting and lease asset tracking throughout lease events, from inception, to modifications, renewals, and purchases. Use mass operations for modification, indexation, or workflow transition. Stay on top of deadlines with configurable notifications.
Transaction posting and payment
Pre-generate journal entries to preview the impact before posting. Utilize scheduled or on-demand batch posting from the Nakisa subledger to your ERP GL (SAP ECC, SAP S4/HANA, Oracle). Generate payments and reconcile scheduled payments and invoices.
Compliance with IFRS 16, ASC 842, and local GAAP
Automate parallel compliance across multiple standards (ASC 842, IFRS 16, local GAAP). Our solution supports non-standard 4-4-5 calendars, automated indexation adjustments, multi-currency FX translation under ASC 830 and IAS 21, modification, and reassessment recordings on any effective date, and more.
Auditing and reporting
Utilize easily auditable and highly configurable reports with drill-down capabilities, including disclosure reporting under multiple standards, 10K/10Q reports, ad-hoc reports for additional analysis support, and highly configurable dashboards (at the company level or by end user).
The most comprehensive real estate and equipment lease accounting systems for ASC 842, IFRS 16, and GASB 87 compliance
Whether you lease in or out (or both!), Nakisa’s finance software has all the features you need to sustainably manage your growing portfolios of real estate, equipment, fleet, and land leased assets. What’s more, our finance suite includes a property management solution that uses the same lease data to support your corporate and commercial leasing scenarios, such as subleasing with multiple tenants.
What sets Nakisa apart?
Mirror your real-life complexity with our advanced configurability
Built for large enterprises, Nakisa easily handles complexities like large contract volumes, high monthly activities, irregular calendars, diverse ERPs, multiple standards, currencies, languages, modifications, and events. It offers true contract and asset-level accounting, company-wide configurations, plus highly configurable analytics.
Comply in parallel with IFRS 16, ASC 842, local GAAP
There’s no need to have separate lease accounting solutions. With Nakisa, manage all your leases under these standards simultaneously on one unified platform. Nakisa’s lease accounting system accommodates each standard’s unique requirements and allows you to generate disclosure reports accordingly.
Leverage native bidirectional ERP integrations
Connect isolated data sources, ERPs, and various SaaS tools with our open platform and build one source of truth. Use our native bidirectional ERP integrations (SAP and Oracle) and numerous APIs to streamline, validate, and write back data. Ensure data integrity with our technologies.
Experience rapid deployment, easy maintenance, and seamless upgrade
Unlike other vendors requiring significant upfront setup costs and third-party resources for maintenance or upgrade, Nakisa is a cloud-native solution that offers easy configuration and rapid deployment, empowering timely portfolio management, cross-functional alignment, and operational excellence.
Shawn Husband,
Senior Director, Lease Center of Expertise at Walmart
Wondering how Nakisa's ASC 842 software handles cyber security, data privacy, ease of use, or customer support? We got you covered.
Cyber Security and Data Privacy
Nakisa is built on a secure platform with data encryption, role-based access control, and audit capabilities to ensure compliance requirements.
✓ SOC 1 Type II & SOC 2 Type II audit report
✓ FIPS 140-2 compliance
✓ GDPR-ready solution
✓ IT General Control with audit logs (ITGC)
✓ Single-Sign-On
✓ Role-based permissions
Onboarding and Customer Support
We offer guidance for systems deployment with robust project governance and executive sponsors throughout the process. Our onboarding and implementation services are structured, easy to use, and supported by experts with the experience with complex environments.
Each Nakisa client has a dedicated Account Manager and a 24/7/365 support team to answer all the questions. We always provide our users with training materials and guides. Also, we have training sessions and webinars to showcase best practices and discover the pain points of our clients.
Reliability
Built on independent microservices, Nakisa's uptime is 99.5%. Even if in the rare case where a microservice experiences downtime, no other microservice is affected. Nakisa is a failure-tolerant and self-healing system that ensures continuity for enterprise clients.
Innovation and Upgradeability
Enjoy faster deployment, upgrades, and maintenance without disrupting your operations. Nakisa follows CI/CD best practices and enables faster time to market thanks to microservices. Benefit from two major releases a year and updates every six to eight weeks at no cost.
Ease of Use
Nakisa is designed for all users, regardless of their technical skill levels. It has an intuitive interface and reports and dashboards out-of-the-box which can be further configured to any use case. Each user has their own role with specific permissions so that everyone gets as many or as few functions as their job demands.
Fast Migration From Your Old Solution
No worries about your historical data! We analyze your previous system and perform data migration. We also check what historical data you didn’t utilize in your previous solution but can now use in Nakisa (a data-gap analysis). Together with your team, we’ll audit and validate data migration.
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Explore how Nakisa’s ASC 842 lease accounting and compliance system can help streamline lease accounting and lease administration for your global company.
Explore how Nakisa’s ASC 842 lease accounting and compliance system can help streamline lease accounting and lease administration for your global company.
See how Nakisa assists enterprises in optimizing their real estate lease management
About Nakisa
Nakisa is a cloud-native enterprise application provider that empowers Lease Accounting, Lease Administration, Real Estate, and Human Resources teams. We are proud to serve more than 1,100 enterprise clients and 6.6 million users across 135 countries. Companies such as Walmart, Pfizer, Puma, Nestlé, ExxonMobil, Dollarama, and Airbus rely on us every day.
Since 1999, our solutions enable teams to achieve their core tasks more efficiently by providing insights, workflows, and automation, so they focus on more value-added activities. Nakisa delivers business-critical solutions by using microservices and technologies such as Kubernetes, Kafka, CI/CD framework, and many other state-of-art tech stacks. We are excited about using consumer-grade technologies for enterprises so they can benefit from unparalleled flexibility, scalability, and speed of innovation.
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