Nakisa Lease Accounting (NLA) software assists global enterprises in managing large, complex lease portfolios with 300+ contracts including assets of various nature (fleet, equipment, real estate, land, and more).
With built-in parallel compliance capabilities for ASC 842, IFRS 16, and local GAAP, our comprehensive software is a solution of choice for Fortune 1000 companies that need bidirectional ERP integration (SAP S4/HANA, SAP ECC, and Oracle).
Nakisa Lease Accounting software offers a powerful yet intuitive end-to-end platform to centralize lease-related data and automate all aspects of lease accounting—from budgeting and planning to lease abstraction, administration, modifications, compliance, auditing, reporting, and termination.
Unlike other vendors requiring significant upfront setup, customization costs, and third-party resources for maintenance or upgrades, NLA is a cloud-native software designed for easy configuration and rapid deployment.
To boost lease accounting and administration, NLA offers true asset-level accounting and lease asset tracking, mass operations (modification, indexation, and workflow transition), support of all lease events (inception, modifications, renewal, purchase, etc.), as well as even reversion! Nakisa enables you to control the scope of access, grant role-based permissions, and design the workflows of data gathering and approvals across various teams, so your workflows perfectly align with your operational needs.
Nakisa Lease Accounting effectively supports a robust lease portfolio, accommodating a substantial number of lease contracts (from 300 to 1,000,000) with diverse assets that have distinct lease lifecycles and events. Designed for complex scenarios, NLA is adaptable to various situations like indexation, rent escalation, multiple vendors, non-standard calendars, and more.
With NLA, you can benefit from disclosure reporting under multiple standards, 10K/10Q reports, ad-hoc reports to support additional analysis, and highly configurable dashboards.
Nakisa Lease Accounting goes beyond functionality with its scalable and reliable cloud-native architecture, ensuring 99.5% solution availability. Its commitment to security is underscored by compliance with SOC 1 Type II, SOC 2 Type II, and GDPR. Users can also benefit from regular updates with two major releases per year, accompanied by performance and bug fixes every eight weeks.
NLA is not just a solution; it's a partner in your success. With 24/7 customer support, dedicated account managers, and comprehensive onboarding and training activities, Nakisa ensures a caring and supportive user experience.
Average Rating: 3.8/5.0
Total Reviews: 2
How Do G2 Users Rate Nakisa Lease Accounting?
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Has the product been a good partner in doing business?: 10.0/10 (Category avg: 9.1/10)
Who Is the Company Behind Nakisa Lease Accounting?
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Seller: Nakisa
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Year Founded: 1990
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HQ Location: Montreal, CA
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LinkedIn® Page: www.linkedin.com
310 employees on LinkedIn®
What Do G2 Reviewers Say About Nakisa Lease Accounting?
AI-generated summary from verified user reviews
Pros
- Users value Nakisa Lease Accounting for its effective compliance support with ASC 842 and IFRS 16 across reporting entities.
- Users appreciate the responsive and reliable customer support offered by Nakisa Lease Accounting, enhancing their overall experience.
- Users value the seamless data management capabilities of Nakisa Lease Accounting, enhancing compliance and reporting accuracy.
- Users value the ease of management with Nakisa Lease Accounting, ensuring compliance and seamless integration across reporting entities.
- Users find Nakisa Lease Accounting to be easy to use, enabling effective compliance with lease accounting standards.
Cons
- Users have faced software bugs in previous versions, needing manual fixes and workarounds, though cloud versions have improved.
- Users experienced software issues in earlier versions, needing workarounds, though cloud versions have resolved many bugs.
What Are G2 Users Discussing About Nakisa Lease Accounting?
