Our clients have streamlined real estate management by 65%, saving millions annually through time efficiency, error elimination, and optimized reconciliations.
My current systems and processes result in:
We continue to rely on Excel or manual processes for tracking, managing, and updating our lease data.
We've missed some important dates and clauses, such as option to renew or terminate lease, due to the absence of automatic alerts.
We face complexity in AP/AR management, handling tasks like invoice management, payment processing and reconciliation, vendor cost allocation, and reporting.
We continue to rely on Excel or manual processes for creating reports and dashboards, or we have to request external teams to generate them.
Our solution lacks full automation for complex % rent calculations, especially with irregular rent periods or varied calculation patterns based on different breakpoints for each sales period.
Our solution lacks full automation for year-end reconciliations, resulting in significant overspend for CAM, taxes and Insurance, or audit fees.
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.
We lack a centralized source of truth for our contracts and documents. Our processes for tracking, updates, modifications, and searches are still mostly manual.
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.
As we open new sites, we require a solution to enhance our site selection and management processes.
We lack a centralized portal for communicating and sharing documents with our vendors and other third parties.
Our current solution does not automate currency translation between our functional and local currencies.
In our current solution, upgrades are infrequent, expensive, manual, and disruptive, requiring extensive considerations and partner involvement for customizations.
We need to capture and track lease data with flexible fields and data points, such as irregular rent start and end dates, but our current solution lacks this level of configurability.
We continue to rely on Excel or manual processes for tracking, managing, and updating our lease data.
We've missed some important dates and clauses, such as option to renew or terminate lease, due to the absence of timely automatic alerts.
We face complexity in AP/AR management, for tasks like invoice management, payment processing, cost allocation among multiple vendors, payment reconciliation, and reporting.
We continue to rely on Excel or manual processes for creating reports and dashboards, or we have to request external teams to generate them.
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.
Our existing solution lacks full automation for year-end reconciliations, resulting in significant overspend for CAM, taxes and Insurance, or audit fees.
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.
We lack a centralized source of truth for our contracts and documents. Our processes for tracking, updates, modifications, and searches are still mostly manual.
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.
As we open new sites, we require a solution to enhance our site selection and management processes.
We lack a centralized portal for communicating and sharing documents with our vendors and other third parties.
Current solution does not automate currency translation between our functional and local currencies.
In our current solution, upgrades are infrequent, expensive, manual, disruptive, and require extensive considerations for customizations, as well as involvement from our partners.
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.
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.
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.
NRE eliminates the need for Excel spreadsheets and manual processes across your entire lease lifecycle portfolios.
Easily track contracts throughout their lifecycle, manage obligations, monitor compliance, handle renewals, amendments, and terminations, conduct audits, and generate reports, all in one centralized solution.
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.
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.
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!
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."
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.
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.
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.
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.
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."
Visualize your entire real estate portfolio and drill down to critical information. Gain valuable insight to make informed strategic decisions.
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.
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.
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.
Utilize accounting disclosure reports compliant with IFRS 16 and ASC 842, amalgamated per asset class. These reports include asset roll forward, maturity analysis, expense, cash flow, lease liability, weighted average lease term, and discount rate. Additionally, accounting analytical and transition reports are available, featuring a dynamic filtering system covering activity analysis/roll forward, transition/posting, local statutory, periodic posting status, GL account balance, contract expiration, and data integrity
"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."
Streamline your day-to-day administration with Nakisa’s commercial real estate lease management software. Achieve enhanced portfolio management and maintain accounting compliance.
Automated year-end reconciliation (CAM, Insurance, Tax)
Save millions by optimizing your team’s time, eliminating errors, avoiding service overpayments and audit fees.
Optimized percentage rent management
Boost operational efficiency and financial accuracy, ensure calculations align with sales data.
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.
See in action how Nakisa’s commercial real estate management software can streamline your lease administration and lifecycle portfolio management and maintain IFRS 16 and ASC 842 compliance.
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.
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.
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
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
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.Â
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.
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.
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.
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.
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.
See how Nakisa helps handle the end-to-end real estate portfolio management for global enterprises.
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.
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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