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). To ensure that your company has the information ready and organized to comply with these standards, you need to start preparing now.

1. 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

2. Clear visibility into lease portfolio
With 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 forms
Collection 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 reporting
Track, 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 interface
This 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 analytics
Rich 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.com
Copyright © 2014 Nakisa Inc. All rights reserved.
Learn more about lease administration solutions
Visit 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.