Nakisa Lease Accounting

SAP-Integrated Lease Administration and accounting

Artılar:

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.

Eksileri:

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

Nakisa allows compliance with ASC 842 and IFRS 16

Yorumlar: Nakisa Lease Administration has been instrumental in maintaining compliance with ASC 842 and IFRS 16 across our reporting entities. The platform is easy to use but powerful and flexible enough to address unique business scenarios. The out-of-the-box integration with SAP ECC and S4 HANA has been a significant benefit, ensuring seamless data flow and accurate reporting. Finally, Nakisa provides responsive and reliable support, which is essential for a core application. We look forward to continuing our relationship with Nakisa and adopting the latest enhancements.

Artılar:

Simple user interface. Out-of-the-box integration with SAP ECC and S4 HANA. Highly flexible.

Eksileri:

Previous on-prem versions had several bugs which required manual workarounds or custom scripts to correct. These have been addressed in the subsequent cloud application.

Nakisa leases management

Yorumlar: I can't say not good but we didn't get the issues we had resolved until many months later, delivery is the issue

Artılar:

We had an issue for one of our leases that was not resolved but after 18 months. Not sure why the amortization stopped working and why it took so long for the Nakisa team to solve it.

Eksileri:

Nothing really I think they take too long to solve issues

Experiencia Nakisa

Yorumlar: It is a system that enables greater efficiency in the lease management process, providing users with the necessary tools to ensure traceability from the contract's inception to the generation of financial information.

Artılar:

It is a customized system for IFRS 16 compliance that provides users with reporting tools to ensure traceability throughout the entire leasing proces

Eksileri:

In previous versions, errors in the contract could not be corrected.

Sanimax's experience with Nakisa Lease Administration

Yorumlar: Nakisa Lease Administration (NLA) software has been an invaluable tool, helping us to properly control all our leases, and meet all our accounting and reporting requirements. When ASC 842 Lease Accounting Standard for US GAAP was adopted in 2020, we were able to input into NLA all our lease contracts information in an easy and efficient manner. This was no small feat considering we have hundreds of lease contracts, ranging from small value items such as photocopiers to big ticket items like trucks and railcars. The software continues to be user friendly, as we work with it monthly to manage new and matured leases and process the monthly lease accounting entries. NLA schedules and reports provide us the necessary information by contract to control the asset values and liabilities at any given time. The NLA team has also been instrumental in ensuring all our doubts and questions are answered, always quick to respond to our needs. All in all we are very satisfied with NLA and recommend it highly!

Artılar:

- input into NLA all our lease contracts information in an easy and efficient manner. - the software is user friendly to manage new and matured leases and process the monthly lease accounting entries. - schedules and reports provide the necessary information by contract to control the asset values and liabilities at any given time.

Eksileri:

There have been a couple of version upgrades in the last couple of years, requiring testing on our end after the upgrades.