Nakisa Lease Accounting

Nakisa Lease Administration has been instrumental in maintaining compliance with ASC 842 and IFRS 16 across our reporting entities. The platform is easy to use but powerful and flexible enough to address unique business scenarios. The out-of-the-box integration with SAP ECC and S4 HANA has been a significant benefit, ensuring seamless data flow and accurate reporting. Finally, Nakisa provides responsive and reliable support, which is essential for a core application. We look forward to continuing our relationship with Nakisa and adopting the latest enhancements.

I can't say not good but we didn't get the issues we had resolved until many months later, delivery is the issue

It is a system that enables greater efficiency in the lease management process, providing users with the necessary tools to ensure traceability from the contract's inception to the generation of financial information.

Nakisa Lease Administration (NLA) software has been an invaluable tool, helping us to properly control all our leases, and meet all our accounting and reporting requirements. When ASC 842 Lease Accounting Standard for US GAAP was adopted in 2020, we were able to input into NLA all our lease contracts information in an easy and efficient manner. This was no small feat considering we have hundreds of lease contracts, ranging from small value items such as photocopiers to big ticket items like trucks and railcars. The software continues to be user friendly, as we work with it monthly to manage new and matured leases and process the monthly lease accounting entries. NLA schedules and reports provide us the necessary information by contract to control the asset values and liabilities at any given time. The NLA team has also been instrumental in ensuring all our doubts and questions are answered, always quick to respond to our needs. All in all we are very satisfied with NLA and recommend it highly!