Nakisa Lease Accounting 2026: Benefits, Features & Pricing

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.

The software is still work-in-progress. After IFRS16 has been in place, there were some hiccups with the software that were both due to the system being new and some standard functionalities having bugs which has taken time to solve from both Finance and IT functions. Overall however, the system suits the needs of our company, as the primary purpose of the software is to fulfil the requirements set by the IFRS16 standard change. Leases in all are not considered to be in the center of our business, so the main aim of implementing the software was to satisfy reporting requirements towards investors.

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.

This is a niche "best of breed" product and small company that is really dedicated to lease accounting. This means a lot of interaction between the user community and Nakisa. When you have a problem or an idea, you can get in touch with the solution engineers, the product team and so on. There is a process for submitting enhancements and improvements. Either through the ordinary tickets if you mark them enhancement request, or you can have a 1:1 with the solution engineer to describe your problem or improvement idea more thoroughly and then they'll take it to product team. I've personally had these tickets and these sessions, and seen some of of my ideas enter into the product at a later stage, through a new release. Other customers are doing the same. There is also a monthly user group meeting where interesting topics are discussed, and we share experiences and ideas. Nakisa will listen in and capture improvements, problems, and so on. So this kind of "virtual village" is really a strength of this product.

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!

Bringing all leased assets globally for reporting.

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

System is still not fully reliable, this is hopefully improved in newer releases.