Have your ERP, property management, and lease accounting automatically integrated.
NRE is a cloud-native solution designed for global retailers to streamline day-to-day operations and achieve better real estate portfolio management while staying ASC 842 and IFRS 16 compliant. NRE automatically integrates with your ERP, lease accounting, lessor, and lessee and centralizes all lease-related data in a single source of truth.
NRE offers centralized storage for all your real estate data, including lease contracts, amendments, critical clauses and dates, documents, financials, insurance, tax, and contacts.
No need to manually gather scattered data for analysis and reporting. Our pre-made reports and ad-hoc dashboards allow you to easily manage and share data.
This leads to better data management, boosts control over operations, eliminates risk of errors caused by manual dual entries, and enhances lease portfolio visibility.
NRE supports a fully automated bidirectional integration with any ERP (SAP including ECC and S/4 HANA, Oracle, etc.). It pulls the ERP master data (including relevant accounting data points such as currency and borrowing rates) and posts output back into your ERP, database, or central finance tool, without any manual intervention and with a proper audit trail.
Besides ERP integrations, we offer API connectivity to synchronize data (for example sales data) according to your company’s needs.
By automatically providing a single source of truth, NRE increases your team productivity, enhances data management, and eliminates the risk of errors caused by manual dual entries.
NRE is fully compliant with ASC 842 and IFRS 16 (and upcoming standards) and can seamlessly embed your accounting policy.
By integrating a compliance tool and property management software, all accounting-related items (expenses, purchase orders, invoices, and more) are seamlessly transitioned. No need for manual payment data consolidation and validation, saving time, reducing risk of errors, and minimizing audit time.
Managing all lease activities in a single platform brings together real estate portfolios, accounting, and operations and ensures better collaboration between teams.
NRE automatically integrates ERP, property property management, lease accounting, lessor, and lessee for a holistic view of your portfolio.
This holistic view enables quick identification of individual property performance, areas of growth, and comparison of different properties and provides a centralized collaboration platform.
NRE enables efficient filtering and sorting of vast data for key insights on property condition, landlord info, leases, and financials.
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:
Ready to move off spreadsheets or an outdated legacy real estate database?
NRE automates repetitive complex tasks and calculations and provides you with all analytics, reporting, and dashboard capabilities that a global retailer needs, and much more.
NRE offers a scalable and flexible dashboarding and reporting system that provides actionable insights by allowing ad-hoc reporting in a visual format.
Dashboard filters can be applied to attributes like geographical area, time frame, cost center for real-time adjustments, forecasting, and advanced analytics.
Multiple visualization datasets, charts, and graphs can be generated and downloaded into reports. You can customize dashboards and reports and share with users with the same access.
The reports offer a concise overview of portfolio performance and highlight key metrics, such as lease cost, occupancy cost, critical dates and closes, sales income, and ROI.
With NRE, take control of your real estate data and gain valuable insights on your own terms, with no technical expertise required. Use our pre-made templates or build your custom dashboards with drag-and-drop.
Track exactly what you need in real time, with no need for third party tools or BI expertise. Collaborate with the accounting team and use a single source of truth for all lease-related operations.
NRE automates various functions, such as complex percentage rent calculations. With customizable formulas, category exclusions, multiple breakpoints, and audit thresholds, NRE simplifies managing these calculations and ensures you don’t lose money on audits and fees.
NRE also automates lease reconciliation, including tax, insurance, as well as CAM expenses with multiple sub-categories.
By using the vendor portal, vendors and landlords easily upload and link invoices to expense categories, improving communication and efficiency in the reconciliation process.
NRE fully supports multi-currency foreign exchange (FX) translation at inception (from contract currency to company currency, to group currency) in addition to remeasurement for any events.
NRE was built by corporate real estate professionals. We structured it around three levels: location – premise – lease operation to make it intuitive and easy for real estate teams to work. It includes all functionalities that your real estate team needs, such as those mentioned above, plus:
Our activity center integrates with your ERP and notifies you about all the important dates and actions you need to take beforehand. These can be as specific as per each lease clause or condition abstracted into the system (such as the option to renew or terminate, or any date or milestone that you need to track and get notified of).
NRE handles mass operations, such as mass creation, terminations, renewals, indexation, mass contract uploads, mass revisions, as well as batch jobs such as journal entry postings, batch payments, to name a few.
NRE batch jobs are scalable to handle tens of thousands of line items, and powerful and flexible to handle any complex scenario required, as well as any potential changing market fluctuations that may affect your real estate business environment.
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.
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.
©Nakisa. All Rights Reserved.