Solution brochure: SAP Lease Administration by Nakisa
Visualize, track, optimize and account for your lease exposure with SAP® Lease Administration by Nakisa®
Published on: Mar 3, 2016
Transcripts - Solution brochure: SAP Lease Administration by Nakisa
The way organizations have always managed their leases
is about to change. Soon, organizations worldwide
will need to start complying with the new accounting
standards for lease accounting and reporting from
regulations under US GAAP and International Financial
Reporting Standards (IFRS) proposed by the Financial
Accounting Standards Board (FASB) and the International
Accounting Standards Board (IASB).
Many organizations report their operating leases off
balance sheet and disclose them in the notes of their
financial statements. However, in the coming years, they
will be required to capitalize many of these operating
leases and will be required to record them in their
balance sheets as assets and obligations.
Your company might not be prepared for the transition
to new accounting standards due to dispersed lease data
across your organization. Since it is collected by different
people using different processes and mechanisms,
there can be a significant variation in the quality,
integrity and relevance of this data across multiple
information sources. The problem grows exponentially
as lease portfolios globalize, creating a significant risk
of regulatory non-compliance, as well as inaccuracy in
reporting within large companies.
To ensure that your company has the information ready
and organized to comply with these standards, you need
to start preparing now.
SAP® Lease Administration by Nakisa® enables you to:
99 Prepare and plan for compliance with
leasing accounting standards and financial
99 Quickly and easily visualize your lease
99 Save on time and costs by centralizing all your
lease data in one, single repository
99 Improve and track your lease processes and
any business-specific key dates
99 Ensure the validity of collected contractual
99 Speed-up approval processes by connecting
and collaborating with key stakeholders
99 Gain agility by analyzing the business impact
of contract classification solution
Copyright © 2015 Nakisa Inc. All rights reserved.
VISUALIZE, TRACK, OPTIMIZE AND ACCOUNT FOR YOUR LEASE EXPOSURE
with SAP® Lease Administration by Nakisa®
A global leader in enterprise business solutions for Human Capital
Management (HCM) and Finance, Nakisa delivers innovative,
forward-thinking and robust human resource and financial
management solutions that advance your business strategies.
Available on premise and in the cloud.
See what’s possible with Nakisa’s powerful visualization
HCM: Nakisa’s Accelerators suite is designed to optimize
organizational transformation, empower talent and stimulate
employees’engagement to deliver business results in an
holistic fashion. In addition, Nakisa’s organizational and talent
management solutions ensure organizational agility and promote
alignment between the workforce and business strategies.
Finance: Nakisa’s lease administration, revenue recognition and
equipment lease management solutions help customers better
manage their assets and comply with accounting regulations.
Working with a global network of partners and as a Tier 1 partner
of SAP® since 2007, Nakisa serves 800+ enterprise customers and
over 4 million subscribers in 24 industries. Nakisa is proud to work
with some of the world’s most renowned brands.
Copyright © 2015 Nakisa Inc. All rights reserved.
Clear visibility into lease portfolio
With a unified database of lease data, you gain increased visibility
into lease exposure to support lease accounting for regulatory
compliance and drive more efficient cost controlling.
Unified lease data repository
As a single point of entry to collect all lease data and create a
unified data repository, this solution has mass data importing
capabilities so you can import data from multiple contract
sources to create a single source of truth for new, past and future
Extensible data collection forms
Collection forms are flexible thanks to an extensible data model,
allowing you to capture custom attributes for your business
processes. Data entry is simplified and standardized for any type
of lease operation, whether you are the lessor or the lessee.
Traceability for compliance and reporting
Track, from start to finish, any changes made to the lease data as
well as who made the changes. You can maintain an audit trail
of changes and decisions made throughout the data collection
process and ensure traceability for compliance and reporting.
Collaboration in the data collection process
Multiple key stakeholders can collaborate by sending messages,
receiving alerts, validating data accuracy and collecting changes
during the life cycle of the lease as they occur.
This solution enables more efficient, productive and visible
management of lease administration in a user-friendly, visual
format. The modern, rich and engaging user-interface is intuitive.
Rich analytics enable clear visibility into the portfolio
composition by different dimensions and provide“what-if”
scenario analysis to identify opportunities to efficiently manage
This landing page provides you with a quick summary of all contracts currently
in the data collection process and allows you to quickly and easily upload
Once your contract is uploaded, you can identify your principal position (lessee
or lessor) and asset type (property or non-property ) and begin the data
capture process within the contract.