Nakisa Lease Administration Software

Understanding Nakisa: From IFRS/ASC Compliance to Centralized Lease Administration

1. What is Nakisa?

Nakisa is an enterprise-grade lease accounting and lease administration software used by global organizations to manage real estate and equipment leases. It is especially well-known for its strong compliance capabilities, including full support for IFRS 16, ASC 842, and GASB 87 accounting standards.

2. What are the key features of Nakisa?

Nakisa offers an extensive suite of lease lifecycle management features, including:

• Centralized lease repository
• Lease abstraction and metadata tracking
• Full compliance with lease accounting standards
• Automated journal entries and reporting
• Financial forecasting tools
• Role-based access and user workflows
• Integration with ERPs like SAP, Oracle, and Workday

3. Who uses Nakisa?

Nakisa is designed for large enterprises and multinational corporations with complex lease portfolios. It is commonly used by finance teams, lease accountants, compliance officers, and corporate real estate managers who need centralized control and global visibility.

4. How does Nakisa support lease accounting compliance?

Nakisa automates compliance with major global lease accounting standards (ASC 842, IFRS 16, GASB 87). It helps organizations calculate right-of-use assets and lease liabilities, generate audit-ready financial reports, and ensure transparency and accuracy in lease-related disclosures.

5. What types of leases does Nakisa support?

Nakisa supports both real estate leases (e.g., office buildings, warehouses, retail spaces) and equipment leases (e.g., vehicles, machinery, IT assets). It is ideal for companies managing both property and equipment leases under a unified system.

6. Is Nakisa cloud-based or on-premise?

Nakisa offers both cloud-based and on-premise deployment options, giving enterprises flexibility based on their IT and security requirements. The cloud version is continuously updated and offers more scalability.

7. What makes Nakisa unique?

Nakisa stands out for its deep accounting functionality, robust ERP integrations, and strong audit trail capabilities. It also offers built-in scenario modeling and what-if analysis, helping companies assess the financial impact of leasing decisions.

8. Does Nakisa integrate with ERP systems?

Yes. Nakisa has deep integrations with major ERP platforms like SAP, Oracle, Microsoft Dynamics, and Workday. This enables seamless financial data flow and helps maintain consistency across finance systems.

9. Is Nakisa suitable for small businesses?

Nakisa is an enterprise-focused solution. It may be too complex or expensive for small businesses or startups with a limited number of leases. Mid-sized companies may consider it if they have rigorous compliance needs.

10. How is lease data managed in Nakisa?

Lease data can be manually entered, uploaded in bulk, or integrated from existing systems. Nakisa supports document management, field-level data tracking, and validation checks to ensure data integrity and completeness.

Learn how RE BackOffice can support you with ongoing lease administration in Nakisa.

Contact us today!