Built for large, complex lease portfolios, the Nakisa Lease Accounting Suite offers a powerful yet intuitive end-to-end solution for both lessees and lessors. Easily centralize and manage your tangible leased assets (such as property, equipment, land, and fleet) and automate all aspects of lease accounting—from lease abstraction to administration, accounting, compliance, auditing, and reporting under IFRS 16, ASC 842, and local GAAP.
Built for global enterprises, Nakisa offers scalable solutions with advanced configurability and flexible analytics to manage complex use cases, including high contract volumes (100,000+), diverse asset types (equipment, property, land, or fleet), lessees or lessors, irregular calendars, multiple ERPs, various accounting standards, multiple currencies and languages, and frequent modifications and events. Benefit from true contract- and asset-level accounting.
Say goodbye to siloed systems and teams. With Nakisa’s integrated solutions, all your data is centralized, saving time, ensuring integrity and accuracy, and enabling timely audits and seamless collaboration. Contract managers, accountants, and executives work within the same system, eliminating the hassle of chasing each other or reconciling data from different sources. Automating complex rent calculations—percentage or sales-based rent, tax, insurance, CAM, and CPI indexation—is a breeze.
Nakisa’s native integrations (SAP, Oracle, Workday) and powerful APIs eliminate data duplication and reconciliation. We offer critical date alerts, mass operations, automated workflows, out-of-the-box calculations, and parallel compliance with IFRS 16, ASC 842, and local GAAP. Plus, Nakisa Lease Accounting seamlessly integrates with Nakisa IWMS products— Capital Projects, Portfolio Management, and Facility Management—for full asset lifecycle management.
Unlike other vendors requiring significant upfront setup, customization costs, and third-party resources for maintenance or upgrades, Nakisa is a cloud-native solution designed for easy configuration and rapid deployment. Benefit from two major releases annually and updates every six to eight weeks to stay aligned with your evolving needs. We design and build all our upgrades based on what our clients want and what we know they’ll need.
We worked closely with the Nakisa team to build a solution that would fit the size and requirements of a corporation like Nestlé and that would bring value to other similar organizations in terms of scale and accuracy. Nakisa has a lot to offer in terms of flexibility, user-friendliness, ERP Integration and its cloud solution.
Now the team can update contracts much faster and save a lot of time while working on monthly, quarterly, and annual financial reports. If before Nakisa some countries needed to spend 6-7 working days to identify financial impacts, now it only takes 1 day or, during a particularly eventful month, 2 days. This is a significant win for us. This efficiency benefits both the company and end users, ensuring accurate and timely presentation of financial statements.
Not only did Nakisa provide inherent workflows and automation for IFRS 16, generating time savings, but the solution’s built-in segregation of duties, audit logs, and disclosure reporting also met all our auditing requirements... Nakisa streamlined and simplified our ability to track, calculate, post, and report... The scalability of Nakisa’s lease accounting tool has simplified our B2C expansion and has indeed increased the overall transparency of our leasing process.
Utilize mass data uploads through bilateral ERP sync, APIs, or flat files. Our software facilitates seamless mass import of lease agreements from diverse sources, such as spreadsheets and legacy solutions. Automatically and instantly identify, abstract, and validate key fields in lease documents to ensure accuracy during migration.
Leverage comprehensive lease accounting and administration capabilities across the lease lifecycle, from inception to modifications, renewals, and purchases. Unlike other vendors, we provide true contract- and asset-level accounting capabilities. Track critical dates, payment schedules, and lease clauses, and set up notifications for upcoming required actions. Our mass operations feature streamlines bulk processes such as modifications, indexations, or workflow transitions. Gain real-time insights into your portfolio performance with customizable reporting and analytics tools. Automate complex calculations for right-of-use assets, lease liabilities, and interest expenses and ensure compliance with disclosure reporting under multiple standards.
Utilize scheduled or on-demand posting from Nakisa’s subledger to your ERP GL for seamless financial data synchronization and automated payment processing. Preview journal entries before posting to assess their impact. Our software manages complex payment scenarios, including variable rent, percentage-based rent, CPI indexations, multi-vendors, and multi-currency, and supports various payment schedules—from simple monthly payments to non-standard structures—while maintaining a clear audit trail for compliance and tracking purposes. Efficient batch payment processing handles multiple transactions simultaneously, saving time and reducing errors.
Automate compliance with ASC 842, IFRS 16, and local GAAP standards while easily generating comprehensive disclosure reports. Our software features highly configurable dashboards for financial transparency and offers extensive flexibility, including non-standard 4-4-5 calendars, automated indexation adjustments, multi-currency FX translation under ASC 830 and IAS 21, and modification and reassessment recordings on any effective date.Â
Utilize highly configurable, easily auditable reports with drill-down capabilities. Our software supports comprehensive disclosure reporting for IFRS 16, ASC 842, and local GAAP, including 10K and 10Q filings. It features detailed audit trails, automates complex financial calculations (such as valuations of right-of-use assets and lease liabilities), and generates standard and custom reports like profit and loss statements, balance sheets, and cash flow reports. Multi-dimensional reporting across lease types, locations, and variables is customizable at the company or user level, with capabilities for scenario analysis and forecasting to model different lease scenarios and their financial impacts.
Utilize mass data uploads through bilateral ERP sync, APIs, or flat files . Our software facilitates seamless mass import of lease agreements from diverse sources, such as spreadsheets and legacy solutions. Automatically and instantly identify, abstract, and validate key fields in lease documents to ensure accuracy during migration.
Leverage comprehensive lease accounting and administration capabilities across the lease lifecycle, from inception to modifications, renewals, and purchases . Unlike other vendors, we provide true contract- and asset-level accounting capabilities. Track critical dates, payment schedules, and lease clauses, and set up notifications for upcoming required actions. Our mass operations feature streamlines bulk processes such as modifications, indexations, or workflow transitions. Gain real-time insights into your portfolio performance with customizable reporting and analytics tools. Automate complex calculations for right-of-use assets, lease liabilities, and interest expenses and ensure compliance with disclosure reporting under multiple standards.
Utilize scheduled or on-demand posting from Nakisa’s subledger to your ERP GL for seamless financial data synchronization and automated payment processing. Preview journal entries before posting to assess their impact. Our software manages complex payment scenarios, including variable rent, percentage-based rent, CPI indexations, multi-vendors, and multi-currency, and supports various payment schedules—from simple monthly payments to non-standard structures—while maintaining a clear audit trail for compliance and tracking purposes. Efficient batch payment processing handles multiple transactions simultaneously, saving time and reducing errors.
Automate compliance with ASC 842, IFRS 16, and local GAAP standards while easily generating comprehensive disclosure reports. Our software features highly configurable dashboards for financial transparency and offers extensive flexibility, including non-standard 4-4-5 calendars, automated indexation adjustments, multi-currency FX translation under ASC 830 and IAS 21, and modification and reassessment recordings on any effective date.
Utilize highly configurable, easily auditable reports with drill-down capabilities. Our software supports comprehensive disclosure reporting for IFRS 16, ASC 842, and local GAAP, including 10K and 10Q filings. It features detailed audit trails, automates complex financial calculations (such as valuations of right-of-use assets and lease liabilities), and generates standard and custom reports like profit and loss statements, balance sheets, and cash flow reports. Multi-dimensional reporting across lease types, locations, and variables is customizable at the company or user level, with capabilities for scenario analysis and forecasting to model different lease scenarios and their financial impacts.
Nakisa easily handles complexities like large contract volumes, high monthly activities, irregular calendars, multiple ERPs, standards, currencies, languages, modifications, and events. Our solutions grow with your success. We design and build all our upgrades based on what our clients want and what we know they'll need.
Configure Nakisa at multiple levels—environment-wide, specific ERP, company, or entity. Tailor workflows and processes to perfectly align with your operational needs while ensuring system-wide consistency, with the flexibility to evolve as your business grows.
No need for separate lease accounting solutions. Our asset-agnostic platform supports all tangible assets, including equipment, property, land, and fleet. It serves both lessees and lessors, offering comprehensive management across all asset types.
In a single contract, multiple lease assets may have different lives, such as amortization period start and end dates, or distinct events (modifications, renewals, buyouts, terminations). We provide precise tracking and management of these complexities at the asset level.
Leverage mass operations, including bulk contract uploads, revisions, modifications, and batch jobs like journal entry postings. Use advanced workflow configuration to align processes with your operational needs and scale with your business.
Connect ERPs, isolated data sources, and various SaaS tools (such as Blackline) using our native bidirectional ERP integrations (SAP, Oracle, Workday) and REST APIs to build a single source of truth. No need for data duplication and reconciliation. Others take months to integrate; we’re done in days.
No need for separate lease accounting solutions. With Nakisa, manage all your leases under IFRS 16, ASC 842, local GAAP in one unified platform. We accommodate each standard’s unique requirements and generate disclosure reports accordingly.
Nakisa is built on a secure platform with data encryption both at rest and in transit, granular role-based access control, Single Sign-On (SSO), and robust audit capabilities to track changes and enable recovery, ensuring compliance with SOC 1 Type II, SOC 2 Type II, FIPS 140-2, GDPR, and IT General Controls (ITGC). Implement granular role-based access control and design workflows for data gathering and approvals across different teams to ensure clear segregation of duties.
Built on independent microservices, Nakisa’s uptime is 99.5%. Even 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.
Nakisa easily handles complexities like large contract volumes, high monthly activities, irregular calendars, multiple ERPs, standards, currencies, languages, modifications, and events. Our solutions grow with your success. We design and build all our upgrades based on what our clients want and what we know they’ll need.
Configure Nakisa at multiple levels—environment-wide, specific ERP, company, or entity. Tailor workflows and processes to perfectly align with your operational needs while ensuring system-wide consistency, with the flexibility to evolve as your business grows.
No need for separate lease accounting solutions. Our asset-agnostic platform supports all tangible assets, including equipment, property, land, and fleet. It serves both lessees and lessors, offering comprehensive management across all asset types.
In a single contract, multiple lease assets may have different lives, such as amortization period start and end dates, or distinct events (modifications, renewals, buyouts, terminations). We provide precise tracking and management of these complexities at the asset level.
Leverage mass operations, including bulk contract uploads, revisions, modifications, and batch jobs like journal entry postings. Use advanced workflow configuration to align processes with your operational needs and scale with your business.
Connect ERPs, isolated data sources, and various SaaS tools (such as Blackline) using our native bidirectional ERP integrations (SAP, Oracle, Workday) and REST APIs to build a single source of truth. No need for data duplication and reconciliation. Others take months to integrate; we’re done in days.
No need for separate lease accounting solutions. With Nakisa, manage all your leases under IFRS 16, ASC 842, local GAAP in one unified platform. We accommodate each standard’s unique requirements and generate disclosure reports accordingly.
Nakisa is built on a secure platform with data encryption both at rest and in transit, granular role-based access control, Single Sign-On (SSO), and robust audit capabilities to track changes and enable recovery, ensuring compliance with SOC 1 Type II, SOC 2 Type II, FIPS 140-2, GDPR, and IT General Controls (ITGC). Implement granular role-based access control and design workflows for data gathering and approvals across different teams to ensure clear segregation of duties.
Built on independent microservices, Nakisa’s uptime is 99.5%. Even 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.
We selected Nakisa to comply with IFRS 16 and were very pleased with the tool’s wide range of disclosure reporting capabilities. By automating and centralizing our lease accounting process, we wanted to keep the workload low, given the diversified users and entities working with the solution. Nakisa is an intuitive application that handles all types of leases. We also found it to be the only solution that fully operates in multiple currencies, which is ideal for our global business requirements.
The solution integrates seamlessly with our multiple SAP ERPs, our users find the tool easy to use, and our Group Finance and Financial Shared Service Center spend far less time resolving lease accounting issues.
We got Nakisa into more markets faster than we had any other software program we’ve ever installed. Nakisa for us is the one we are using for real estate for all our markets. The benefit that we have seen is that it can do the accounting IFRS 16 and ASC 842, and have an SAP integration.
ÂÂNakisa’s lease accounting software solutions are designed to be flexible and scalable, catering to a wide range of industries including oil and gas, retail, pharmaceutical, transportation, manufacturing, telecom, financial services, healthcare, public sector, and more.
Oil and gas lease accounting software automates ASC 842 and IFRS 16 compliance across diverse assets, from drilling rigs and production facilities to pipeline rights-of-way and storage terminals. It streamlines contract management, automating lease lifecycle processes for large contract volumes across regions and business units. Complex arrangements like production sharing agreements, variable payments tied to oil volumes, and long-term land leases are handled with ease. The software tracks key dates, regulatory permits, and equipment recertifications, centralizing lease data to optimize asset portfolios, manage decommissioning liabilities, and ensure accurate reporting of leased assets' impact on production costs.
Retail lease accounting software is essential for managing extensive lease portfolios—storefronts, warehouses, and equipment—across multiple locations. It automates compliance with ASC 842, IFRS 16, and local GAAP by calculating lease liabilities and right-of-use assets. The software centralizes lease data, tracks critical dates for rent escalations and renewals, and generates customized reports tailored to retail needs. By providing visibility into occupancy costs and lease obligations, it enables retailers to ensure accurate financial reporting, optimize real estate strategies, and make informed decisions on expansions or closures.
Pharmaceutical lease accounting software streamlines ASC 842 and IFRS 16 compliance across diverse assets, from lab equipment to research facilities. It efficiently handles complex R&D leases, tracks specialized equipment, and manages multi-site office spaces. Nakisa’s advanced accounting engine mirrors real-world contracts, supports flexible payment terms, and provides comprehensive financial schedules for GMP facilities. Offering insights into lease costs, it aids strategic decisions on global expansion while ensuring accurate financial reporting for investor confidence. By centralizing lease data, pharmaceutical firms can optimize their lease portfolios while staying focused on core research and production activities.
Transportation lease accounting software streamlines ASC 842 and IFRS 16 compliance across diverse assets, including vehicles, warehouses, offices, and facilities. It manages variable-term vehicle leases, calculates right-of-use assets for long-term facility rentals, and handles complex equipment leases with varying terms. The software tracks fuel card agreements, handles cross-border leasing regulations, and generates reports for fleet performance analysis. Providing actionable insights, it supports vehicle acquisitions and disposals while ensuring accurate reporting of leased assets across jurisdictions—enabling precise financial reporting and supporting strategic planning in the competitive transportation sector.
Manufacturing lease accounting software automates accounting and ensures ASC 842 and IFRS 16 compliance for complex portfolios, including facilities, warehouses, and equipment. It manages equipment leases with embedded services, calculates ROU assets for long-term facility rentals, and handles variable payment leases. The software tracks tooling agreements, integrates with ERP systems for real-time production data, and generates reports for capacity utilization analysis. Providing actionable insights, it supports lease renewal decisions and ensures accurate reporting of leased assets' impact on manufacturing costs. By centralizing lease data, manufacturers can optimize their asset mix while maintaining operational efficiency and financial compliance.
Telecom lease accounting software streamlines ASC 842 and IFRS 16 compliance across diverse assets— cell towers, data centers, and network equipment. It automates calculations for complex arrangements like tower co-location agreements, manages variable lease payments, and supports cross-border spectrum and multi-currency leases. The software centralizes lease data, tracks critical dates for equipment upgrades, site access renewals, and capacity expansions. It generates reports for regulatory filings and network performance analysis, providing actionable insights. This allows telecom companies to optimize network deployment strategies, manage capacity efficiently, and ensure accurate reporting of leased assets' impact on operational expenses.
Enterprise-grade lease accounting software is essential for financial firms managing complex lease portfolios—office spaces, data centers, and equipment. It handles complex arrangements for bank branches, manages variable lease payments for cloud computing services, and calculates ROU assets for long-term data center leases, and tracks critical dates for renewals and equipment upgrades. Nakisa’s audit trail and compliance features ensure robust governance, with detailed logs for master data changes, batch tasks, and time-stamped entries, supporting ASC 842 and IFRS 16 compliance. The software provides insights into cost allocation across business units and ensures accurate reporting of leased assets. Centralizing lease data enables financial institutions to optimize physical and digital footprints while maintaining compliance in a highly regulated industry.
Healthcare lease accounting software optimizes accounting and ensures ASC 842, IFRS 16, and local GAAP compliance across diverse assets—hospitals, clinics, medical equipment, and office spaces. It automates calculations for complex arrangements, such as equipment leases with service components, manages variable payments, and handles long-term hospital building leases. The software tracks critical dates for medical equipment leasing and facility accreditations and generates reports for regulatory filings. By centralizing lease data, it enables healthcare providers to optimize property, facility, and equipment mix, manage capacity efficiently, and ensure accurate financial reporting—crucial for balancing quality patient care with financial sustainability in a highly regulated industry.
Lease accounting software for public sector entities streamlines compliance for local GAAP, ASC 842, IFRS 16 and GASB 87 across diverse assets— government buildings, equipment, and infrastructure. It automates calculations for complex arrangements, such as intergovernmental leases, manages variable payments for equipment rentals, and handles long-term land leases for public projects. The software tracks critical dates for renewals and generates reports for budget hearings and public audits. It provides insights into lease obligations and costs while ensuring accurate reporting of leased assets' impact. By centralizing lease data, it enables government entities to optimize resource allocation, enhance fiscal transparency, and demonstrate responsible stewardship of public funds.
Our experts are here to discuss your unique lease accounting and compliance needs and provide a tailored demo of our solution designed to meet the specific requirements of your global enterprise.
Lease accounting software, such as Nakisa Lease Accounting (also known as Nakisa Lease Administration or NLA) is designed to help companies manage and report leases in compliance with financial standards like IFRS 16, ASC 842, and local GAAP. These recent standards require companies to recognize most lease liabilities on their balance sheets. Lease accounting software centralizes all lease-related information, including key dates and payment amounts, while automating complex calculations, such as lease liabilities and right-of-use (ROU) asset amortizations. The software is particularly useful for global enterprises, as it streamlines the management of large lease portfolios across different regions, ensures consistent compliance with varying regulatory requirements, and provides centralized oversight—reducing the complexity and risks associated with multinational operations.
If your company is looking for new lease management software, start with assessing your lease portfolio needs. Next, examine the functionalities offered by various vendors. Key considerations include compliance with lease accounting standards, ERP integration capabilities, automation, analytics, data security, and scalability. For a comprehensive guide and checklist, refer to our Ultimate Guide on Selecting Lease Accounting Software. There, you will find a detailed vendor scorecard/RFP checklist to objectively evaluate market solutions.
Certainly! Nakisa’s lease accounting software seamlessly integrates with various financial systems within your organization. Its cloud-native architecture facilitates advanced integrability, allowing Nakisa to easily connect with your existing systems through native integrations (ERP), APIs for third-party SaaS tools like Blackline, or flat file integrations.
Absolutely! Nakisa enables easy import of lease agreements from spreadsheets or legacy solutions. The software supports mass import from Excel, complete with data validation tools to ensure accurate migration. Additionally, our Nakisa team is ready to assist in migrating data from your previous lease management software. We collaborate closely with your team to audit and validate the migration process, even when dealing with multiple data sources.
Nakisa prioritizes client support, offering dedicated client assistance 24/7/365 along with an assigned customer success manager for each client. We provide comprehensive onboarding materials and monthly training through NLA Office Hours and NLA User Group.
NLA Office Hours offer insights into new features, while User Group sessions encourage discussions among our user community on various use cases and scenarios. Access our training resources on YouTube and C Portal, or join live sessions by signing up here. Additionally, check our Resource Center for more step-by-step guidelines. We are committed to empowering users with the knowledge and support they need to succeed.
Yes, Nakisa Lease Accounting (also known as Nakisa Lease Administration or NLA) accommodates pre-paid leases, which can include full-prepayment and partial prepayment.
Yes, Nakisa’s lease accounting software supports a wide range of lease events and modifications throughout the life of the contract. You can apply modifications to either a lease contract or an activation group. Here are some of the events we support: contract rate change (to update the contract rate or IBR), terms and conditions reassessment (to exercise or un-exercise terms); indexation; asset impairment; decrease in term; decrease in asset; early buy-out, termination, and more.
Accounting reports:
With Nakisa’s software, you can create various disclosure reports in compliance with multiple standards, including asset roll forward, cash flow, expense, lease liability, maturity analysis, non-lease charge expense, weighted avg discount rate, and weighted avg lease term. We provide out-of-the-box reports, ad-hoc reports, and highly configurable dashboards on-the-fly for additional analysis.
Security reports:
Our software also provides audit logs reports, which include a comprehensive change log and audit trail. These logs capture each time-stamped event with user IDs, comments, and other relevant details. This information is always accessible and remains linked to your contracts.