Overview

Nakisa Lease Accounting is a cloud-native enterprise solution designed to centralize, automate, and streamline the entire lease lifecycle—from abstraction, administration, and accounting to compliance, auditing, and reporting. It supports both lessee and lessor roles under IFRS 16, ASC 842, and various local GAAP. Targeted at large multinational organizations managing high-volume, diverse lease portfolios, it integrates natively with ERPs like SAP, Oracle, and Workday and leverages APIs for robust data synchronization.

Features and Capabilities

• True asset-level lease accounting: Supports tens of thousands to hundreds of thousands of contracts across property, equipment, fleet, and land.
• Comprehensive compliance engine: Automates lease liability, right-of-use asset calculations, variable rent (percentage-based, CPI, CAM), and handles non-standard calendars & multi-currency measures.
• End-to-end lease lifecycle management: Enables abstraction, mass import via ERP/APIs/files, admin workflows, modifications, terminations, and event tracking (e.g., casualty, extensions, subleasing).
• ERP Posting & Reconciliation: Pre-generated journal previews, scheduled or on-demand batch postings to ERP sub-ledger/GL, with audit trails.
• Reporting & Analytics: Configurable dashboards, disclosure, ad-hoc, and management reports (Income Statement, Balance Sheet, LRO assets, maturity analysis, cash flow, etc.).
• AI-enabled assistance & insights: Embedded AI Assistant for context-aware product guidance; AI Agent supports analytics & dashboard generation.
• Enterprise-grade scalability: Handles more than 100k contracts, multi-ERP, currencies, languages, and frequent lease events; cloud-native with agile upgrades twice a year.
• Native ERP integration: Seamless data exchange with SAP, Oracle, Workday via connectors/APIs to eliminate reconciliation efforts.
• Robust audit/compliance tracking: Full audit log, segregation of duties, and compliance-ready reporting for IFRS 16, ASC 842, GASB 87, and local GAAPs.
• Multi-industry readiness: Pre-configured for industries such as oil & gas, retail, pharma, transportation, healthcare, public sector, and more.
• Cloud-native delivery: Rapid deployment, low maintenance, regular feature updates, and secure environment.