Commercial Real Estate Software Built for Global Retailers
Streamline real estate portfolio management by 65%. Save millions through time savings and optimized reconciliations.
- Easily manage your complex real estate lease portfolios.
- Track, account, and report on all lease data through a single solution.
- Optimize year-end reconciliation, % rent management, and site selection.
- Streamline your financial management and compliance.
- Never miss any critical dates or clauses.
Global retailers rely on Nakisa
Why choose NRE as your real estate lease administration software?
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.
Complete Real Estate Lease Management Functionalities
Tracking of assets throughout their lifecycle, including acquisition, depreciation, and disposal, thereby ensuring accurate reporting and accounting.
Area measurement per location, premise, and lease, with ability to split each premise per square footage and link financials, whether owned or leased for each.
Critical clause and option abstraction, such as termination, extension, or purchase.
Critical dates management, with email notifications, dashboards, built into the solution action center.
Percentage rent management on multiple sales categories (entered manually or pulled directly from ERP). Full control over sales category exclusions and breakpoints.
Y/E (CAM) invoice reconciliation to host invoice and reconcile it before payment, with possibility to review each expense pegged with the pro-share before payment.
CAM management to link each individualized CAM cost with its own pro-share, CAP, payable split, flexible dates, and more.
Flexible and scalable CPI indexation with seamless integration with external sources. Automated calculation of CPI increases eliminates the need for manual calculations.
Project management functionalities, including planning and budgeting for future sites as well as onboarding signed leases and sites.
Conduct any what-if scenario analysis of site expansion, renewals, and forecasted sales. Compare potential sites within your existing inventory of sites. Manage projects, tasks, sites, milestones, charts geographic locations, KPIs, forecasted information, and more.
Security deposits handling, TI allowance, and insurance management.
Budget and financial obligation forecast and simulations.
Vendor portal for each vendor/landlord to upload invoices, link each invoice with expense bucket, and communicate with tenant throughout the workflow.
Mass operations, such as contract uploads, revisioning and modifications, and journal entry postings.
Bulk operations, such as creations, terminations, renewals, indexations, batch payments, and percentage rent calculations.
Ad-hoc Reporting, Dashboards, and Advanced Analytics
Scalable and flexible dashboarding and reporting with actionable insights presented in a visual format. Slice and dice by different attributes. Downloadable as Excel/PDF files.
Reports include but are not limited to: CAM, percentage rent, critical dates, CPI indexation, currency translation, financial obligation, occupancy, rent table, roll forward (rent roll), tax, tenant receivables, cash flow, and fiscal/calendar year.
Dashboards automatically adjusted through filters and as granular and specific by need, inclusive of geographical area, time frame (with forecasting and advanced analytics abilities), cost center, and more.
Visualize information in charts, graphs and more. Set visualization permissions for users, and export into reports as needed.
All accounting disclosure reports compliant with IFRS 16 and ASC 842 in parallel, amalgamated per asset class, including asset roll forward, maturity analysis, expense, cash flow, lease liability, weighted average lease term, and discount rate.
Accounting analytical and transition reports, with dynamic filtering system, including activity analysis/roll forward, transition/posting, local statutory, periodic posting status, GL account balance, contract expiration, data integrity.
Centralized Document and Contact Management
Centralized storage for all your real estate data: lease contracts, amendments, critical clauses and dates, documents, property management details, financials, invoices, payments, insurance, and taxes. Easy navigation, retrieval, and tagging.
Host all contacts, and have them linked to respective vendors, prospects, and partners.
Market leaders love NRE
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.
Jane Yi
Financial Analyst at Emco
Nakisa Real Estate is an excellent software allowing us to be more efficient with all our rent payments, to do better follow-ups on our deadlines, renewals, deposits, etc. The software is very user-friendly. In short, it is essential for our real estate department.
Eric Cabana
Senior Real Estate Advisor at TC Transcontinental
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.
Johanne Matton
Real Estate Administrator at Transat
Let's have a no-obligation call
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 business process.
Payment Management and AP/AR
Generate payments, along with account reconciliation, respective to both cash inflows and outflows.
Split and allocate costs among multiple vendors, and have payment amounts seamlessly integrate within ERP system without manual intervention or customization.
Manage all types of payments through a pervasive rent table linked with start and end times, and analytics per area space.
View any step-ups and other changes, along with evolution of any changes in the rent table, slice and dice any types of payment elements.
Handle all your real estate payment requirements and changes, such as indexation, scope/term, vendor, option reassessments, revision history, payment calculation, percentage-based rent, payment reconciliation, and reporting.
Native ERP Integrations and APIs
Fully automated bidirectional integration with any ERP (SAP including ECC and S/4 HANA, Oracle, etc.), with no manual intervention.
Pull ERP master data (such as currency and borrowing rates) and automatically post output linked with live master data back into your ERP, database, or central finance tool, with a proper audit trail.
Intelligent mechanisms to prevent common integration errors, such as duplicate postings, posting errors identification in your ERP system, and a detailed error report for failed postings.
Manual integrations through a standalone system via a flat file transfer or Excel of both upload and download data and a validation framework for correct data upload and modification.
Accounting Compliance and Maintenance
Fully compliant with ASC 842 and IFRS 16 lease accounting standards. Ongoing development to be future proofed against upcoming standards.
Embedment of accounting policy within your CRE tool that auto-transitions to accounting model.
One dataset upload through one single platform (expenses, POs, invoices and everything A-Z), no need for dual solution maintenance, materiality threshold up-keep, and proper financial reporting.
Multi-currency FX translation on all inception and periodic postings, along with automatically adapting any remeasurement in accordance with ASC 830 and IAS 21.
Upload extension, termination, and purchase options, assess the likelihood to exercise these options, and report under IFRS 16 and ASC 842 compliance rules.
Record postings of modifications and reassessments and update the accounting schedules accordingly.
Reclassify the lease liability (from long-term to short-term) on a periodic basis as part of interest accrual journal entry and update disclosure reports.
Workflow Authorization and Segregation of Duties
Standard workflow handles all different types of properties, whether owned or leased.
Abstract each location with an associated head premise, split into sub-premises, to handle lease contracts, sub-leases, and vacant premises all under the same umbrella.
Performance, Scalability, Upgradability, and Support
Continuous feature development releases and patches to resolve any issues.
No fees for upgrades – ever. Seamless upgrades that will never disturb or impact your business.
Supports hundreds of thousands of records and transactions without affecting the application
24/7 support with uptime SLA of 99.5%.
Privacy and Security
Different access rights based on user roles, with ability to create custom roles, and single sign-on (SSO).
EU/GDPR data protection ready. IT General controls (ITGC) report with proper audit logs downloadable to Excel.
Cloud solution with SOC 1 and 2 compliance and option to choose country hosting your data.
NRE centralizes real estate data, automates workflows, and fully supports the management of all your owned, leased, sub-leased assets throughout their entire lifecycle.
Have you been looking into different Real Estate Management solution vendors?
Use Nakisa’s 2023 vendor selection scorecard to evaluate vendors and share a comprehensive scoring with your peers.
Frictionless deployment, migration, and upgrades for extreme ease of use
We are a trusted partner among Fortune 1000 companies.
Besides offering all the features required for managing complex owned and leased real estate assets, NRE provides privacy, security, scalability, and an intuitive, easy-to-use interface.
We offer expert guidance for systems deployment with robust project governance and executive sponsors throughout the process. Our onboarding and implementation services are structured, easy, and supported by experts with experience with complex environments.
NRE has an easy-to-use interface that empowers your team to become productive in minutes. You can always reach out to your account manager for a personalized follow-up on questions, technical support issues, or contract matters as often as needed.
Nakisa’s operations, policies, and procedures are audited regularly to ensure we meet and exceed all security standards expected of a SaaS provider. Nakisa has implemented numerous privacy and security practices to ensure that our cloud solutions are GDPR-ready. We also utilize a full audit trail both in the front and back end to support IT General Controls (ITGC) and SOX compliance.
NRE integrates with any ERP system to keep your data in sync and provides templates, frameworks, self-service mass import with automatic validation and QA and testing support to ensure that the data is migrated without any errors and retains its quality and integrity.
NRE was built with microservices that provide agile updates, scalability, and integration. Our full SaaS solution has biannual major releases, and frequent performance and bug fixes. Nakisa handles end-to-end platform upgrades at no extra cost, without disturbing nor impacting you, with 24/7 monitoring for performance and security. We proactively maintain 99.5% availability.
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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 business process.
Further Reading
A Guide to Selecting the Right Real Estate Management Software for Optimizing your CRE Operations
CAM Reconciliation in Commercial Real Estate: Definition, Calculation, and Best Practices to Eliminate Overcharges
How to Automate CAM Reconciliation with Commercial Real Estate Software: Example of Nakisa Real Estate
About Nakisa
Nakisa is a cloud-native enterprise application provider that empowers Lease Accounting, Real Estate, and HR 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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