It features an audit trail, data integrity, and security measures to meet SOC 1 and SOC 2 requirements. The software’s functionality allows for seamless integration with existing systems and ERPs, ensuring that every stage of lease management and accounting for both public companies and private entities remains compliant with regulatory requirements. Features like alert systems, disclosure reports, and processing integrity help organizations take control of their financial reporting, unlocking insights into their lease portfolio and enabling accurate financial planning and analysis.
We have a solid footprint in the US, supporting all industries in managing property and equipment lease
contracts centrally.
Access it anytime and keep your data secure with built-in IT general controls such as encryption at rest and
in transit.
Different users can collaborate on the same contracts. Stay in control with built-in approval workflows and audit logs.
Use our solution as a lease subledger that will securely integrate with ERPs such as SAP and Oracle platforms.
Nakisa Lease Administration enables you to manage the full lease lifecycle from contract inception to termination. The reporting feature allows you to export pre-set disclosure reports to build your financial statements. Our finance platform includes lessee and lessor accounting, plus property management. Read More
Nakisa’s lease accounting software solution supports operating leases and finance (or capital) lease types. It provides the necessary functionality to recognize right-of-use assets and liabilities, create alerts, manage lease renewals, and generate compliance reports. With powerful integration into general ledger systems of various ERPs (SAP ECC, SAP S4/HANA, or Oracle), Nakisa helps companies manage their leased assets efficiently, ensures data security, and provides accounting experts and finance teams with ready-to-use insights. By offering detailed SOC reports, Nakisa’s ASC 842 software not only helps companies stay compliant with evolving lease accounting standards but also ensures data security and enhances the overall efficiency of lease management and financial reporting processes.
Our customers have significantly reduced operational costs and improved company synergy and performance using Nakisa Lease Administration. Automation has improved time management and collaboration, making manual, redundant operations a thing of the past.
With Nakisa, you can leverage mass import for journal entries and other lease data
Schedule postings to your ERP’s Account Payables with accruals, payments, and asset depreciation.
Master CPI change or remeasurements of multiple assets thanks to our mass modification function.
Key features include accurate lease classification and identification, recognition of right-of-use assets and lease liabilities, automated lease calculations and reporting, seamless lease modification and reassessment capabilities, centralized lease documentation and management, as well as transition management tools for migrating from ASC 840 to ASC 842. By integrating these essential functionalities, Nakisa’s ASC 842 software empowers organizations to achieve transparency, accuracy, and efficiency in lease accounting processes, while remaining compliant with evolving accounting standards such as IFRS 16, GASB 87, and the latest updates from FASB.
Nakisa Lease Administration delivers advanced lessee and lessor capabilities for complex use cases, especially those involving heavy lease portfolios with high monthly activity. Some of our clients oversee more than 350,000 lease contracts and perform over 16,000 modifications every month. Unlike legacy software, our solution is built on a flexible framework allowing for faster growth and scalability in the long term. Get the most out of Nakisa’s 24/7 support, online training, center of excellence, and dedicated account managers. Deliver more—faster.
Global companies have to report under both ASC 842 and IFRS 16. In this case, there’s no need to have separate solutions. Nakisa Lease Administration software provides a unified platform for you to manage all leases under the two standards in parallel at the same time. Our solution implements each standard’s specificities and let you generate disclosure reports accordingly.
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