End-to-end Property Management & Accounting software for global retailers
Nakisa Real Estate (NRE) is a cloud-native software designed by and for corporate real estate professionals to streamline day-to-day operations and achieve better real estate portfolio management while staying ASC 842 and IFRS 16 compliant.
- Increase efficiency & productivity
- Reduce costs & human errors
- Improve data quality & decision making
- Ensure consistency & compliance
- Gain scalability & competitive advantage
Nakisa is a trusted partner among Fortune 1000 companies
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NRE provides global retailers with a single, end-to-end Property Management solution to manage all your owned, leased, sub-leased assets throughout their entire lifecycle by offering:
- Centralized management of your real estate data
- Automated workloads and complex multi-asset calculations
- Compliance with IFRS 16 and ASC 842
Ready to move off spreadsheets or an outdated legacy real estate database?
Nakisa Real Estate Software (NRE) is a robust everyday Property Management & Compliance platform, built for global retailers
NRE provides you with all capabilities required for managing all types of complex owned and leased assets, along with workflow flexibility, in a user-friendly interface
Complete Property Management Functionalities
- 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.
- CAM management to link each individualized CAM cost with its own pro-share, CAP, payable split, flexible dates, and more.
- Critical clause & option abstraction, such as termination, extension, or purchase.
- 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.
- Critical dates management, with email notifications, dashboards, built into the solution action center.
- Simiulation and forecast of upcoming budget & financial obligations.
- Flexible and scalable CPI indexation and integration with external sources
- Vendor portal for each vendor/landlord to upload invoices, link each invoice with expense bucket, and communicate with tenant throughout the workflow.
- Security deposits handling and TI allowance and insurance management.
- Mass operations, such as contract uploads, revisioning & modifications, and journal entry postings.
- Percentage rent management on multiple sales categories (entered manually or pulled directly from ERP), with possibility to exclude certain sales categories and breakpoints.
- Bulk operations, such as creation, terminations, renewals, indexation, batch payments, and percentage rent calculation.
Centralized Document & Contact Management
- Centralized storage for all your real estate data, such as lease contracts, amendments, critical clauses and dates, documents, financials, insurance, and taxes, with easy navigation and retrieval, and possibility to add tags.
- Host all contacts, and have them linked to respective vendors, prospects, partners.
Ad-hoc Reporting, Dashboards & Advanced Analytics
- Scalable and flexible dashboarding & reporting with insights presented in a visual format and ability to slice & dice by different attributes and download into Excel/PDF.
- Built-in automated reports, such as CAM, percentage rent, critical dates, CPI indexation, currency translation, financial obligation, occupancy, rent table, rent roll, tax, cash flow, and fiscal/calendar year.
- Dashboards automatically adjusted through filters and as granular as you need, including geographical area, time frame (with forecasting and advanced analytics abilities) and cost center.
- Multiple visualization options (charts, graphs etc.), shared with users with the same access or downloaded into reports.
- 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 & transition reports, with dynamic and robust filtering system, including activity analysis/roll forward, transition/posting, local statutory, periodic posting status, GL account balance, contract expiration, data integrity.
Have you been looking into different Property Management solution vendors?
Use Nakisa Inc.’s 2023 vendor selection scorecard to evaluate vendors and share a comprehensive scoring with your peers.
Payment Management & AP/AR
- Generate payments, along with account reconciliation, respective to cash inflows and outflows.
- Split and allocate costs among multiple vendors and have payment amounts seamlessly integrate within ERP without manual intervention or customization.
- Manage all types of payments through a pervasive rent table linked with start & end times and analytics per area space.
- Handle all your real estate payment requirements & changes, such as indexation, scope/term, vendor, option reassessments, revision history, payment calculation, percentage based rent, payment reconciliation, and reporting.
Integrations
- 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 back into you ERP, database, or central finance tool, with a proper audit trail.
- Intelligent mechanisms to prevent common integration errors, such as duplicate postings, with a detailed error report for failed postings.
- Manual integrations through a standalone system via a flat file transfer or Excel of both upload & download data and a validation framework for correct data upload & modification.
Accounting Compliance & Maintenance
- Fully compliant with ASC 842 and IFRS 16 lease accounting standards (and 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, & purchase options, assess the likelihood to exercise these options, and report under IFRS 16 and ASC 842 compliance rules.
- Record postings of modifications & reassessments and update accounting schedules accordingly.
- Reclassify the lease liability on a periodic basis as part of interest accrual journal entry and update disclosure reports.
Workflow Authorization & 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, Support
- Continues feature development releases and patches to resolve any issues.
- Upgrades at no extra cost, without disturbing nor impacting you.
- Supports thousands of records & transactions without affecting application.
- 24/7 support with uptime SLA of 99.5%.
Privacy & Security
- Different access rights based on user roles, with the ability to create custom roles.
- Different access rights based on user roles, with the ability to create custom roles.
- EU/GDPR data protection.
- IT General controls (ITGC) report with proper audit logs downloadable to Excel.
- Cloud solution with SOC 1 & 2 compliance and option to choose country hosting your data.
Use Nakisa's 2023 vendor selection scorecard to compare all available solutions and share a comprehensive scoring with your peers.
“Software is user friendly. Ever since we changed to Nakisa Real Estate management our work has been simplified and we have easy access to our historical data.”
Denis Lefebvre
SENIOR PROPERTY MANAGER
NRE centralizes real estate data, automates workflows, and fully supports the management of all your owned, leased, sub-leased assets throughout their entire lifecycle.
Tired of working with outdated technology?
Thinking of moving to NRE but worried how painful the implementation might be?
Don’t worry. 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.
Leaders working with Nakisa
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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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