Commercial real estate lease management software built for global enterprises
Streamline real estate lease management by 65%. Save millions through time savings and optimized reconciliations.
- Easily manage your complex real estate portfolios.
- Track, account, and report on all lease data through a single solution.
- Optimize year-end reconciliation, % rent management, and site selection.
- Streamline your AP/AR management.
- Achieve IFRS 16 and ASC 842 accounting compliance.
- Never miss any critical dates or clauses.
Real estate, lease administration, and development teams at leading companies use Nakisa
Does any of these issues sound familiar? Let’s tackle them together.
My current systems and processes result in:
Manual lease management
We continue to rely on Excel or manual processes for tracking, managing, and updating our lease data.
Critical dates and clauses management issues
We've missed some important dates and clauses, such as option to renew or terminate lease, due to the absence of automatic alerts.
AP/AR management challenges
We face complexity in AP/AR management, for tasks like invoice management, payment calculation, cost allocation among multiple vendors, payment reconciliation, and reporting.
Lack of real-time reporting and analytics
We continue to rely on Excel or manual processes for creating reports and dashboards, or we have to request BI assistance to generate them.
Complex % rent calculations
Our solution lacks full automation for % rent calculations, especially when dealing with irregular rent periods or requiring multiple calculation patterns based on different breakpoints for each sales period.
Overspend on CAM and other service charges
Our existing solution lacks full automation for year-end reconciliations, resulting in overspending by millions on CAM, tax, insurance fees, or audit fees.
Lack of ERP integrations
Our real estate solution and ERP lack automatic integration. We rely on manual data entry or flat file transfers to manage data transfer between these systems.
Decentralized contract/document management
We lack a centralized source of truth for our contracts and documents. Our processes for tracking, updates, modifications, and searches are still mostly manual.
IFRS 16 and ASC 842 compliance challenges
Our real estate financial data does not automatically transfer to our ERP or lease accounting solution, posing difficulties in achieving accuracy and compliance with IFRS 16 and ASC 842.
Site selection and management challenges
As we open new sites, we require a solution to enhance our site selection and management processes.
Vendor and 3rd party management challenges
We lack a single source of truth for our vendors and third parties, creating challenges in effective communications.
Multi-currency calculations
We operate under multiple currencies but our current solution does not automate currency translation for multiple expenses within a lease contract.
Slow, costly deployment and upgrades
In our current solution, upgrades are infrequent, expensive, manual, disruptive, and require extensive customization, as well as involvement from our partners.
Lack of system configurability
We need to capture and track lease data with flexible fields and data points, such as irregular rent start and end dates, as our current solution lacks this level of configurability.
Manual lease management
We continue to rely on Excel or manual processes for tracking, managing, and updating our lease data.
Critical dates and clauses management issues
We've missed some important dates and clauses, such as option to renew or terminate lease, due to the absence of timely automatic alerts.
AP/AR management challenges
We face complexity in AP/AR management, for tasks like invoice management, payment processing, cost allocation among multiple vendors, payment reconciliation, and reporting.
Lack of real-time reporting and analytics
We continue to rely on Excel or manual processes for creating reports and dashboards, or we have to request external teams to generate them.
Complex % rent calculations
Our solution lacks full automation for % complex rent calculations, especially when dealing with irregular rent periods or requiring multiple calculation patterns based on different breakpoints for each sales period.
Overspend on CAM and other service charges
Our existing solution lacks full automation for year-end reconciliations, resulting in significant overspend for CAM, taxes and Insurance, or audit fees.
No automated bidirectional integration
Our real estate solution and ERP lack automatic integration. We rely on manual data entry or flat file transfers to manage data transfer between these systems.
Decentralized document management
We lack a centralized source of truth for our contracts and documents. Our processes for tracking, updates, modifications, and searches are still mostly manual.
IFRS 16 and ASC 842 compliance challenges
Our real estate financial data does not automatically transfer to our ERP or lease accounting solution, making it hard to achieve accuracy and compliance with IFRS 16 and ASC 842.
Site selection and management challenges
As we open new sites, we require a solution to enhance our site selection and management processes.
Vendor & 3rd party management challenges
We lack a centralized portal for communicating and sharing documents with our vendors and other third parties.
Multi-currency calculations
Current solution does not automate currency translation between our functional and local currencies.
Slow, costly deployment and upgrades
In our current solution, upgrades are infrequent, expensive, manual, disruptive, and require extensive considerations for customizations, as well as involvement from our partners.
No system configurability
We need to capture and track lease data with flexible fields and data points, such as irregular rent start and end dates, as our current solution lacks this level of configurability.
Streamline your day-to-day administration with Nakisa’s commercial real estate lease management software. Achieve enhanced portfolio management and maintain accounting compliance.
Explore why global enterprises have made the switch to NRE
Nakisa Real Estate (NRE) provides all the capabilities required for managing all types of complex owned, leased, and sub-leased assets, along with workflow flexibility, in a user-friendly interface. It integrates ERP, real estate, and accounting and offers advanced analytics and reporting, to achieve better portfolio management while staying ASC 842 and IFRS 16 compliant.
Streamlined portfolio management by 65%
NRE eliminates the need for Excel spreadsheets and manual processes across your entire lease lifecycle portfolio .
Leverage seamless integrations with your core systems
Use our native bidirectional ERP integrations (SAP ECC, SAP 4/Hana, and Oracle) and numerous APIs to centralize, validate, change, and write back data to ensure all data is consistently up to date and compliant. No manual data transfer or dual data entries needed, saving your team time and reducing errors.
Centralize real estate data management across lifecycles
Optimize lease administration with mass operations and batch payments
NRE efficiently manages bulk operations like lease creation, termination, renewal, indexation, contract uploads, and revisions. Our scalable batch jobs for journal entries and payments handle tens of thousands of line items, saving time and reducing errors in diverse and complex real estate scenarios.
Don't miss critical dates and clauses with automatic alerts
Our action center facilitates constant tracking of upcoming dates with notifications and email reminders. These can be as specific as per each lease, clause, or condition. Stay on top of your activities, pending activations, and deadlines. Save time and avoid paying for delays!
Leverage insights from dynamic reporting and dashboards
Use built-in automated reports covering CAM, % rent, critical dates, rent table, CPI indexation, currency translation, financial obligation, occupancy rate, and more. Easily create ad-hoc reports, slice and dice data, and set granular permissions for your team. Make better decisions qucker. No BI skills required.
"This is a great system for lease management for tenants. Very flexible and user friendly. And the Customer support is the best ever! This software is made 100% for tenants. Before Nakisa Real Estate, we had to use software that were made for landlords and adapt them to our needs."
Enhanced financial management, AP, AR
Manage multi-vendor payments with ease
Utilize our rent table to allocate costs among multiple vendors. Easily handle payment requirements and changes. Set up budgets for specific periods, manage budgets with ease and forecast future real estate needs based on occupancy rates and growth projections.
Automate complex rent calculations
Beyond standard lease administration, NRE integrates top and bottom-line financial data, including sales-based information for rent calculation. This enables the calculation of scenario-specific fixed and variable payments, with easy support for non-standard month start and end dates.
Calculate indexations, CAM, CPI, tax, currency, with a few clicks
Rely less on accountants and finance for calculations. Benefit from flexible and scalable CPI indexation seamlessly integrated with external sources, automating CPI increase calculations. Experience automated currency translation for multiple expenses within a lease contract, eliminating the need for manual calculations.
Streamline invoice management with vendor portal
Vendors/landlords can upload invoices, link each invoice line item with an expense category, reconcile expected and actual payments, and communicate with tenants throughout the workflow.
Handle security deposits, TI allowance, and lease incentives
Expertly handle security deposits, tenant improvement allowances, and lease incentives alongside your rent payments.
"NRE is an excellent software that allows us to be more efficient with all our rent payments and do better follow-ups on our deadlines, renewals, deposits, etc. It enables us to create custom-made reports to be used with our financial statements."
Real-time portfolio analytics and reporting
Report everything right out-of-the-box
Leverage robust reporting capabilities with NRE, offering built-in automated reports covering CAM, percentage rent, critical dates, CPI indexation, currency translation, financial obligation, occupancy, rent table, roll forward (rent roll), tax, tenant receivables, cash flow, fiscal/calendar year, and more.
Create ad-hoc, permission-based dashboards with ease
Easily create ad-hoc dashboards with NRE—no BI skills required. Slice and dice data, select parameters for monitoring, and set granular permissions for your team. Filter by geographical area, time frame (with forecasting and advanced analytics abilities), cost center, and more. Identify and manage the most significant expense costs effortlessly. Get actionable insights visually—and download everything into Excel/PDF.
Utilize flexible area management reporting
NRE provides area measurement per location, premise, and lease, allowing the ability to split each premise by square footage and link financials, whether owned or leased. Easily generate reports on the performance of diverse retail areas, including selling space, greenhouse, tool rental, warehouse, office, food, kiosk, and open staging.
"Its diverse features and tools have made it much easier to populate the real estate data for each location, share data, process rent on a monthly basis and create useful reports for decision-making. This is an extremely helpful software."
Let's have a no-obligation call
Our solution experts will answer all your questions, share the best CRE practices with you, and show how Nakisa helps handle end-to-end real estate portfolio management.
Optimize year-end reconciliation, percentage rent management, and site selection
Automated year-end reconciliation (CAM, Insurance, Tax)
Save millions by optimizing your team’s time, eliminating errors, avoiding service overpayments and audit fees.
- Auto-populate CAM from the lease conditions at the inception of the lease.
- Reconcile and track accrual of expenses versus the totla costs of what should have been paid
- Flag discrepancies, allowing for easy analysis or dispute of year-end vendor invoices and avoidance of overpayments.
- Automate calculations and management of CAM fees, invoice reconciliation, and lease audits.
- Capture invoice line items and reconcile with expected amounts. Link each individualized CAM cost with its own pro-share, CAP, payable split, flexible dates, and more.
Optimized percentage rent management
Boost operational efficiency and financial accuracy, ensure calculations align with sales data.
- Efficiently manage percentage rent across multiple sales categories (entered manually or pulled directly from ERP), with possibility to exclude certain sales categories and multiple breakpoints.
- NRE supports irregular periods and accommodates various calculation patterns based on different breakpoints for each sales period.
- Utilize percentage rent budgeting capabilities, such as the calculation of rent budgets for upcoming lease renewals or extensions when the current contract ends.
Enhanced site selection and project management
Automate your real estate selection and site approval process. Save time and resources, make better decisions quickly, and optimize your portfolio.
- Utilize project management functionalities for comprehensive planning and budgeting for future sites, along with onboarding signed leases and sites.
- Perform in-depth what-if scenario analyses for site expansion, renewals, and forecasted sales.
- Compare potential sites within your existing inventory, and efficiently manage projects, tasks, sites, milestones, charts, geographic locations, KPIs, forecasted information, and more.
See in action how Nakisa’s commercial real estate lease management software can streamline your lease administration and lifecycle portfolio management and maintain IFRS 16 and ASC 842 compliance.
Automatically ensure consistency and accounting compliance
Leverage native bidirectional ERP integrations
Connect isolated data sources, ERP systems, 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 and tools interoperability with our technologies.
Comply with IFRS 16, ASC 842, local GAAP standards
Ensure compliance with IFRS 16, ASC 842, and local GAAP standards. Generate accounting disclosure reports compliant with IFRS 16, ASC 842, and local GAAP in parallel, amalgamated per asset class, including asset roll forward, maturity analysis, expense, cash flow, lease liability, weighted average lease term, and more.
Automate approval workflows and segregations of duty
Create a straightforward system of approvals and workflows in your team. Ensure transparency into every input and change with comprehensive audit trail functionality and integrated approvals. Control the scope of access, grant role-based permissions, and design data gathering and approvals workflows across teams.
Shawn Husband,
Senior Director, Lease Center of Expertise at Walmart
Wondering how Nakisa Real Estate 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.
Banking leaders worldwide entrust their HR data to us.
✓ 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 Real Estate'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 Real Estate 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 NRE (a data-gap analysis). Together with your team, we’ll audit and validate data migration.
Let's meet.
Our solution experts will answer all your questions, share with you the best CRE practices and show how Nakisa helps handle the end-to-end real estate portfolio management.
Our solution experts will answer all your questions, share the best CRE practices with you, and show how Nakisa helps handle end-to-end real estate portfolio management.
See how Nakisa assists enterprises in optimizing their real estate lease management
About Nakisa
Nakisa is a cloud-native enterprise application provider that empowers Real Estate, Lease Accounting, 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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