Nakisa Lease Accounting Reviews 2025: Details, Pricing, & Features

Robbie H.

Director, Process Risk and Controls

Enterprise(> 1000 emp.)

Validated Reviewer

Verified Current User

Review source: Organic

Nov 22, 2024

"Nakisa allows compliance with ASC 842 and IFRS 16"

What do you like best about Nakisa Lease Accounting?

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. Review collected by and hosted on G2.com.

What do you dislike about Nakisa Lease Accounting?

In previous, on-prem versions there were several bugs which required manual workarounds or custom scripts to correct. These have since been corrected in cloud versions. Review collected by and hosted on G2.com.

What problems is Nakisa Lease Accounting solving and how is that benefiting you?

Nakisa allows us to easily track lease agreements, record the related journal entries, and prepare disclosure statements. Review collected by and hosted on G2.com.

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Nakisa Lease Accounting Overview

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What is Nakisa Lease Accounting?

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.

Nakisa Lease Accounting Details

Discussions

Nakisa Lease Accounting Community

Languages Supported

German, English, French, Italian, Portuguese, Spanish, Chinese (Simplified)

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Product Description

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.

Seller Details

Seller

Nakisa

Year Founded

1990

HQ Location

Montreal, Quebec

Twitter

@NakisaInc
1,625 Twitter followers

LinkedIn® Page

www.linkedin.com
273 employees on LinkedIn®

Overview Provided by:

saleh bahrololoum

Senior Director Product Marketing at Nakisa

Recent Nakisa Lease Accounting Reviews

11/22/2024

Robbie H.Enterprise (> 1000 emp.)

5.0 out of 5

"Nakisa allows compliance with ASC 842 and IFRS 16"

Nakisa Lease Administration has been instrumental in maintaining compliance with ASC 842 and IFRS 16 across our reporting entities. The platform is...

6/25/2019

Verified UserEnterprise (> 1000 emp.)

2.5 out of 5

"Serves its Purpose"

Nakisa is a lease contract repository that is decently easy to use and has a somewhat pleasing user interface.

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Nakisa Lease Accounting Media

Nakisa Lease Accounting Demo - Lease Data Capture

NLA offers mass data upload from multiple sources via bilateral ERP sync (SAP ECC, SAP S4/HANA, Oracle), APIs, and flat files. It also has validation tools to ensure the lease capture is complete and accurate.

Nakisa Lease Accounting Demo - Lease Accounting and Administration

In a single contract, multiple lease assets may have different lives: amortization period start, end dates, and events. NLA supports all lease events (inception, modifications, renewal, purchase, etc.), as well as their reversion and mass operations

Nakisa Lease Accounting Demo - Transaction Posting and Payment

Nakisa allows journal entries pre-generation to see the impact before posting. Perform scheduled or on-demand batch posting from the Nakisa sub-ledger to ERP GL for controlled data synchronization to generate payments and easily reconcile.

Nakisa Lease Accounting Demo - Lease Accounting Compliance IFRS 16 and ASC 842

Nakisa's lease accounting software automates parallel compliance across multiple standards (ASC 842, IFRS 16, local GAAP) and offers non-standard 4-4-5 calendar support, automated indexation adjustments (CPI, etc.), and multi-currency FX translation.

Nakisa Lease Accounting Demo - Auditing and Reporting

With Nakisa's lease management software, 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 Demo - Nakisa Lease Administration Overview

NLA offers powerful features for lease management automation and accurate lease accounting. It supports all types of lease events, mass operations, batch postings, payment postings, and more. Its commitment to security is underscored by compliance with SOC 1 Type II, SOC 2 Type II, and GDPR.

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Incentivized Review

Jun 25, 2019

Nakisa is a lease contract repository that is decently easy to use and has a somewhat pleasing user interface. Review collected by and hosted on G2.com.

My biggest problem with Nakisa has been with user training. I dislike how complex the training materials are. So far, I have not be exposed to nor have come across any quick start guides. However, I have been given several hours of online course work to complete and have also been asked to attend a training with a Nakisa team member via web conference. The Nakisa trainer was both dull and difficult to follow. My own team's power user had to stop the Nakisa trainer on several occasions and redirect him to better suit our time. The web conference training lasted over an hour and a half, and I don't think that Nakisa's team member provided much value. Our internal power user wrapped up this lengthy session by saying that uploading a lease agreement is actually very easy and that we should just contact him for a 5 minute demo whenever we need to use the tool. Review collected by and hosted on G2.com.

Recommendations to others considering Nakisa Lease Accounting:

You will want to dedicate a team member to learning the ins and outs of the system so that they are able to serve as a trainer for the rest of your organization. Both the online courses as well as a Nakisa provided trainer did not meet my expectations. The online courses were exceedingly lenghthly and our Nakisa trainer was difficult to understand and a dull presenter. Review collected by and hosted on G2.com.

My company leases corporate space all over the globe. Prior to having Nakisa, we had no solution other than SharePoint for storing these documents. Review collected by and hosted on G2.com.