Why Nakisa Lease Administration Software?
It is well known the lease administration process is complex. You need lease accounting experts to solve your queries and discover the fine points of lease administration.
Nakisa Lease Administration is an all-inclusive lease accounting software that allows the business owners to report and manage their leasing requirements. It offers a clear idea to make up-to-date decisions in terms of leasing liabilities and unifies different leasing data in a single platform. Nakisa Lease Administration software helps in optimizing both transactional processes and lease accounting including business planning, supplier management, equipment and more.
About Nakisa
Nakisa is a global frontrunner in offering organizational transformation and lease administration business solutions for large enterprises. Delivering forward-thinking, innovative, financial management and tough human resource solutions that advance a client’s business strategies, Nakisa solutions are easily available in the cloud and on-premise. Nakisa is one among the few successful SAP partners providing business solutions for SAP since 2007. Nakisa has launched a new version of lease accounting software which is in compliance with ASC 842 and IFRS 16 leases standards- SAP Lease Administration.
Features
In simple terms, Nakisa Lease is an end-to-end lease accounting software that consolidates the entire company lease data. It helps the organizations to gain deep knowledge into financial data, manage global lease portfolios and reorganize lease accounting operations. Moreover, it assists you to gather, abstract and validate the qualities of your leased asset contracts and revenue contracts from a single entry system.
The leasing solution offers to hasten off the accounting assessment needed for the revenue agreements. The stakeholders can get the global view of lease contracts through this system. They can get complete knowledge about contractual data and scrutinize their contract folder covering the financial statements impact. It is beneficial for both lease and revenue contracts where they can get a complete idea about the changes and make decisions.
- Standardize lease classification and determination
- Manage lease contracts with multi-level contract structure
- Lease lifecycle management
- Perform initial amount of lease liabilities and ROU assets
- Facilitate asset causalities, measurement, and lease modification
- Prepare necessary quantitative note disclosures
Benefits for Business
Using Nakisa Lease proven methodology the user can:
- Examine financial consequences
- Reduce unnecessary leasing expenses
- Access to accurate and up-to-date information
- Automated report production
- Transition to the latest standards
- Save cost and time by unifying all lease data in a single source
- It satisfies current IAS 17 and also FASB ASU 2016-02 and IFRS 16 lease releases
- Easily and quickly visualize lease exposure and at the same time ensure all the leases satisfy lease accounting standards
Nakisa Lease is available in the SAP HANA cloud platform or on-premise. By offering the best lease solutions to your clients, you are not only attempting to achieve sales goals but also ensuring that customers make use of the best leasing solutions available at present date.