Visualize what matters most

Visualize, track, optimize and account for your lease exposure with SAP® Lease Administration by Nakisa

Copyright © 2014 Nakisa Inc. All rights reserved.

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:

• Prepare and plan for compliance with leasing accounting standards and financial transparency regulations

• Quickly and easily visualize your lease exposure • Save on time and costs by centralizing all your lease data in

one, single repository • Improve and track your lease processes and any business-

specific key dates • Ensure the validity of collected contractual data • Speed-up approval processes by connecting and

collaborating with key stakeholders • Gain agility by analyzing the business impact

of contract classification solution

Comply with lease accounting standards

Clear visibility into lease portfolioWith 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 leases.

Extensible data collection formsCollection 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 reportingTrack, 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.

User-friendly interfaceThis 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 analyticsRich analytics enable clear visibility into the portfolio composition by different dimensions and provide “what-if” scenario analysis to identify opportunities to efficiently manage leases.

www.nakisa.comCopyright © 2014 Nakisa Inc. All rights reserved.

Learn more about lease administration solutionsVisit www.nakisa.com for more information on lease administration solutions or email nakisa@nakisa.com to book a live demonstration

About us

Nakisa Inc., a recognized leader of data management and visualization solutions for SAP®, helps customers better manage, track and validate their lease-related data to reduce spending, improve efficiency and ensure compliance to upcoming regulatory changes. SAP® Lease Administration by Nakisa provides visibility into a corporate portfolio of leased assets allowing SAP customers to optimize the management of their global assets while supporting accounting processes for more efficient cost controlling and regulatory compliance. It also enables customers to prepare for the upcoming changes to lease accounting standards as defined by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB). Nakisa continually collaborates with SAP to co-develop integrated solutions that extend the value of SAP customers’ existing investments. An SAP partner since 2007, Nakisa has over 3.4 million users in 700 enterprises across 24 industries worldwide. SAP® sells, tests, and supports SAP Lease Administration by Nakisa.

Key Capabilities

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 additional contacts.

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.