Nakisa Lease Administration

Lease administration for ASC 842 & IFRS 16 compliance

About Nakisa Lease Administration

Nakisa Lease Administration is a cloud-based lease accounting solution that helps businesses within industries such as retail, life sciences, transportation, and oil and gas with ASC 842 and IFRS 16 compliance management. The platform enables organizations to streamline accounting operations, manage global portfolios, and derive insights into financial data.

Primary features of Nakisa Lease Administration include ad-hoc reports and analytics, audit trails, integrated disclosure reports, a snapshot view of the businesses lease portfolio, GAAP-based report production, reconciliation reports, and more. Plus, the solution helps users manage equipment leases, asset casualties, lease standardization, and lease remeasurement. Nakisa Lease Administration offers management reports with a dynamic and comprehensive view of global lease portfolios, along with the drill-down functionalities.

The solution lets users customize dashboards to derive strategic insights from ad-hoc reports and analytics. Nakisa Lease Administration comes with an API and integrates with third-party ERP applications including SAP, Oracle, and more.

Key benefits of Nakisa Lease Administration

• Nakisa Lease Administration comes with a multi-level contract structure that helps users manage contracts and lease structures effectively.

• The platform comes with a visual dashboard that lets users assess the entire lease portfolio in a snapshot view.

• The solution allows users to make reconciliation, management, and disclosure reports leveraging the automated report production capability.

• Nakisa Lease Administration integrates with third-party application such as SAP enabling users to post live updates automatically to SAP.

• The solution enables users to facilitate remeasurement, asset casualties and lease modification through quantitative note disclosures.

Devices

Business size

S M L

Markets

Australia, Brazil, Canada, China, Germany and 5 others, United Kingdom, India, Japan, Mexico, United States

Supported Languages

English, French, Spanish

Images

Master agreements dashboard that enables users to access lease area, pending approvals, and more
Contract list that helps users identify master agreement numbers
Reporting and analytics dashboard showcasing contracts status
View 4 more
Nakisa Lease Administration video
Nakisa Lease Administration screenshot: Master agreements dashboard that enables users to access lease area, pending approvals, and more Nakisa Lease Administration screenshot: Contract list that helps users identify master agreement numbers Nakisa Lease Administration screenshot: Reporting and analytics dashboard showcasing contracts status

Features

Total features of Nakisa Lease Administration: 48

  • API
  • Access Controls/Permissions
  • Account Reconciliation
  • Accounting
  • Accounting Integration
  • Activity Dashboard
  • Ad hoc Analysis
  • Ad hoc Reporting
  • Alerts / Escalation
  • Alerts/Notifications
  • Amortization Schedule
  • Asset Management
  • Billing & Invoicing
  • Budgeting/Forecasting
  • Capitalization Reporting
  • Commercial Leases
  • Compliance Management
  • Contact Management
  • Contract Drafting
  • Contract/License Management
  • Critical Date Alerts
  • Customizable Reports
  • Dashboard Creation
  • Data Capture and Transfer
  • Data Extraction
  • Data Import/Export
  • Document Management
  • Expense Tracking
  • Financial Analysis
  • Financial Management
  • For Equipment Leases
  • For Real Estate
  • Invoice Management
  • Invoice Processing
  • Lease Origination
  • Lifecycle Management
  • Maintenance Management
  • Payment Tracking
  • Portfolio Management
  • Real Time Reporting
  • Reporting & Statistics
  • Residential Leases
  • Retail Leases
  • SSL Security
  • Search/Filter
  • Subcontractor Management
  • Tax Management
  • User Management

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Reviews

Overall rating

3,7 /5
(14)
Value for Money
3,9/5
Features
3,6/5
Ease of Use
3,9/5
Customer Support
3,3/5

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Showing 5 reviews of 14
Daniel M.
Overall rating
  • Industry: Sporting Goods
  • Company size: 5 001-10 000 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 9.0 /10

SAP-Integrated Lease Administration and accounting

Reviewed on 2020/10/06

Pros

We were looking with a fully integrated Cloud solution into our SAP landscape, capable to handle our lease process globally to comply with IFRS16 regulations.

Cons

At the beginning in 2018 we were still seeing some product gaps which were closed with several upgrade packages in the meantime.

Response from Nakisa

Hi Daniel, thanks so much for your review. We appreciate your feedback. Please don't hesitate to reach out to us at [email protected] if you ever need help with something and our Customer Success team will work with you to address them.

Francisco javier C.
Overall rating
  • Industry: Packaging & Containers
  • Company size: 5 001-10 000 Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

NAKISA

Reviewed on 2021/03/12

You can have all the information of your leasing contracts safe in the cloud and you don't have to...

You can have all the information of your leasing contracts safe in the cloud and you don't have to work in thounsands of files in order to get the correct accounting postings according to the IFRS16

Pros

The fact that is very simple to understand and gives you exactly the information you want to get. Also you can optimize you time and make other tasks, because the process of controlling and management of all your leasing contracts inside Nakisa is exactly one click away.

Cons

Sometimes the exection of massive processes is slow, but I thikn that is because of the internet.

Response from Nakisa

Hi Francisco, thanks so much for your review. We appreciate your feedback. Please don't hesitate to reach out to us at [email protected] if you ever need help with something and our Customer Success team will work with you to address them.

Juho K.
Overall rating
  • Industry: Paper & Forest Products
  • Company size: 10 000+ Employees
  • Used Daily for 6-12 months
  • Review Source

Overall rating

  • Ease of Use
  • Customer Support
  • Likelihood to recommend 7.0 /10

SLAN SP5

Reviewed on 2019/07/30

The software is still work-in-progress. After IFRS16 has been in place, there were some hiccups...

The software is still work-in-progress. After IFRS16 has been in place, there were some hiccups with the software that were both due to the system being new and some standard functionalities having bugs which has taken time to solve from both Finance and IT functions.

Overall however, the system suits the needs of our company, as the primary purpose of the software is to fulfil the requirements set by the IFRS16 standard change. Leases in all are not considered to be in the center of our business, so the main aim of implementing the software was to satisfy reporting requirements towards investors.

Pros

-The software has an easy-to-use interface that new users have quickly grasped.

-As the database is open, we have been able to easily utilize it to create custom reports with tools such as Lavastorm and Microsoft Power BI.

-Having a data repository that contains all leasing contracts within one software has provided visibility to the needed internal stakeholders

-Having a system directly linked to SAP has proven beneficial

Cons

We are using the SP5 version of the software, which has then been upgraded to SP7. The reporting functionalities of the version used by our company do not support our reporting requirements. This has lead to limited visibility on the leasing contracts deployed in SLAN (for which Power BI-solutions have been created). In addition, we have found many bugs related to the version, which has caused many issues that have proven time-consuming to solve for our SLAN key users and IT.

Response from Nakisa

Hi Juho. Thank you so much for the detailed review and comprehensive feedback! We're glad that your overall experience has met your needs, but understand the challenges you have been facing as well.

Have you discussed an upgrade to the newest version 5.0 with your Account Manager? A large number of your comments have been addressed in this latest release, including a comprehensive and brand new reporting module with significantly enhances our reporting engine and also provide additional visibility and insights.

Guido G.
Overall rating
  • Industry: Information Technology & Services
  • Company size: 10 000+ Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Ease of Use
  • Customer Support
  • Likelihood to recommend 7.0 /10

Good solution, yet some requirements not fully included

Reviewed on 2019/07/22

Pros

Easy to understand, quite intuitive UI. Fits to process and organizational design.

Cons

A couple of custom configurable options cannot be configured by ourselves as they are not part of the admin backend, but of the service configuration editor, where changes are only allowed with the support from the suppliers technical consultants.

Response from Nakisa

Hi Guido, we appreciate all your feedback and we're glad to hear you appreciate the solution's simplicity and UI. We'd also invite you to look at the latest release, Nakisa Lease Administration 5.0 which has numerous fixes and enhancements based on the feedback of our customers, including backend enhancements. We'd invite you to reach out to your Account Manager directly for further details.

Alejandro H.
Overall rating
  • Industry: Banking
  • Company size: 1 001-5 000 Employees
  • Used Daily for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 9.0 /10

Nakisa NLA

Reviewed on 2019/07/24

Pros

The Integration to SAP ERP and he Single Sign on.

Cons

Should show:
- The user who is connected the easy wait

Response from Nakisa

Thanks so much for your review. We put a lot of work into our SAP integration engine and always appreciate positive feedback there. We also recently released an Oracle Cloud Connecter for Oracle ERP integration, based on our new API technology. If you also have an Oracle system in your infrastructure, it might be worth talking to your account manager for an upgrade to the latest release!

Showing 5 reviews of 14 Read all reviews

Nakisa Lease Administration FAQs

Below are some frequently asked questions for Nakisa Lease Administration.

Nakisa Lease Administration offers the following pricing plans:

  • Starting from:
  • Free Trial: Not Available

Contact Nakisa for pricing details.

We do not have any information about Nakisa Lease Administration features

Nakisa Lease Administration has the following typical customers:

51-200, 201-500, 501-1 000, 1 001+

Nakisa Lease Administration supports the following languages:

English, French, Spanish

Nakisa Lease Administration supports the following devices:

Nakisa Lease Administration integrates with the following applications:

Oracle Service, SAP Business One

Nakisa Lease Administration offers the following support options:

Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, 24/7 (Live rep), Chat

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