--- description: Review of Nakisa Lease Accounting Software: system overview, features, price and cost information. Get free demos and compare to similar programs on Software Advice Ireland. image: https://gdm-localsites-assets-gfprod.imgix.net/images/software_advice/og_logo-55146305bbe7b450bea05c18e9be9c9a.png title: Nakisa Lease Accounting | Reviews, Pricing & Demos - SoftwareAdvice IE --- Breadcrumb: [Home](/) > [Property Management Accounting Software](/directory/125/accounting-software/software) > [Nakisa Lease Accounting](/software/419321/nakisa-lease-administration) # Nakisa Lease Accounting Canonical: https://www.softwareadvice.ie/software/419321/nakisa-lease-administration Page: 1 / 2\ Next: [Next page](https://www.softwareadvice.ie/software/419321/nakisa-lease-administration?page=2) > Nakisa Lease Accounting provides enterprise-grade lessees and lessors with an AI-powered, cloud-native solution to automate all aspects of lease accounting for portfolios of 500+ contracts of leased, sub-leased, and owned assets across various types (real estate, land, equipment, fleet, and more), from lease abstraction to administration, accounting, compliance, auditing, reporting, forecasting, and budgeting. The software supports complex use cases, such as dual ledgers, multi-currency FX translation under ASC 830 and IAS 21, multi-language, multi-calendar, multi-ERP, and parallel compliance with IFRS 16, ASC 842, local GAAP, and government accounting standards. The software offers true contract- and asset-level accounting for granular visibility and precise compliance, mass operations (mass imports, postings, and workflows) and lease events (inception, modifications, renewal, purchase, etc.) to enhance operational efficiency and minimize manual errors. Leverage Nakisa’s AI-powered automation, data abstraction, and analytics to streamline month-end close processes, enhance financial forecasting accuracy, and accelerate user onboarding. Nakisa provides native bidirectional ERP integrations with SAP, Oracle, and Workday, along with advanced APIs to connect SaaS platforms like BlackLine for centralized financial data management. The Nakisa General Ledger supports general journal entries for direct subledger adjustments, ensuring a single source of truth and enabling comprehensive financial management with streamlined workflows. Nakisa enables you to control the scope of access, grant role-based permissions, configure multi-level approval, and automate collaborative workflows across various teams, streamlining internal communication and aligning with your operational needs. With NLA, you can benefit from out-of-the-box, auditable, and compliant reports. Users can generate financial reports such as Income Statement, Balance Sheet, and Cash Flow, along with detailed disclosure reports, including Asset Roll Forward, Lease Liability, Weighted Average Lease Term, Weighted Average Discount Rate, and Maturity Analysis, which support regulatory filings like 10-K and 10-Q. Nakisa also provides transactional and management reports, such as Consolidated Financial Schedules, Periodic Posting Status, Contract Expiration, and Data Quality and Integrity (DQI). Benefit from out-of-the-box, configurable, AI-driven analytics reports for real-time portfolio-level financial insights and KPI tracking, using no-code formulas and flexible scripts with robust security features, including multi-segregation, ITGC, SOC 1 and 2 Type II, ISO 27001 \& 27017, and GDPR compliance. 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, rapid deployment, and seamless updates. > > Verdict: Rated **3.9/5** by 20 users. Top-rated for **Likelihood to recommend**. ----- ## Quick Stats & Ratings | Metric | Rating | Detail | | **Overall** | **3.9/5** | 20 Reviews | | Ease of Use | 4.0/5 | Based on overall reviews | | Customer Support | 3.5/5 | Based on overall reviews | | Value for Money | 4.0/5 | Based on overall reviews | | Features | 3.8/5 | Based on overall reviews | | Recommendation percentage | 70% | (7/10 Likelihood to recommend) | ## About the vendor - **Company**: Nakisa - **Location**: Montreal, Canada - **Founded**: 2013 ## Commercial Context - **Starting Price**: US$0.01 - **Pricing Details**: Contact Nakisa for pricing details. - **Target Audience**: 51–200, 201–500, 501–1,000, 1,001–5,000, 5,001–10,000, 10,000+ - **Deployment & Platforms**: Cloud, SaaS, Web-based - **Supported Languages**: English, French, Spanish - **Available Countries**: Australia, Austria, Belgium, Brazil, British Virgin Islands, Canada, Chile, China, Colombia, Estonia, Finland, France, Germany, India, Indonesia, Italy, Japan, Kuwait, Luxembourg, Malaysia and 16 more ## Features - API - Access Controls/Permissions - Accounting - Accounting Integration - Accounts Payable - Activity Dashboard - Activity Tracking - Ad hoc Reporting - Alerts/Escalation - Alerts/Notifications - Amortisation Schedule - Analytics - Approval Process Control - Asset Accounting - Asset Lifecycle Management - Asset Tracking - Audit Management - Audit Trail - Bank Reconciliation - Billing & Invoicing ## Integrations (3 total) - BlackLine - Oracle Fusion Cloud ERP - SAP S/4HANA Cloud ## Support Options - Email/Help Desk - FAQs/Forum - Knowledge Base - Phone Support - 24/7 (Live rep) - Chat ## Category - [Property Management Accounting Software](https://www.softwareadvice.ie/directory/125/accounting-software/software) ## Related Categories - [Property Management Accounting Software](https://www.softwareadvice.ie/directory/125/accounting-software/software) - [Accounting Software](https://www.softwareadvice.ie/directory/4220/accounting/software) - [Real Estate Accounting Software](https://www.softwareadvice.ie/directory/311/real-estate-accounting-software/software) - [Business Budgeting Software](https://www.softwareadvice.ie/directory/265/budgeting-forecasting-software/software) - [Supplier Relationship Management Software](https://www.softwareadvice.ie/directory/541/iwms/software) ## Alternatives 1. 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[Spacebase](https://www.softwareadvice.ie/software/83700/spacebase-lease-management) — 4.8/5 (37 reviews) ## Reviews ### "SAP-Integrated Lease Administration and accounting" — 5.0/5 > **Daniel** | *6 October 2020* | Sporting Goods | Recommendation rating: 9.0/10 > > **Pros**: We were looking with a fully integrated Cloud solution into our SAP landscape, capable to handle our lease process globally to comply with IFRS16 regulations. > > **Cons**: At the beginning in 2018 we were still seeing some product gaps which were closed with several upgrade packages in the meantime. ----- ### "Nakisa allows compliance with ASC 842 and IFRS 16" — 5.0/5 > **Robbie** | *22 November 2024* | Retail | Recommendation rating: 10.0/10 > > **Pros**: Simple user interface. Out-of-the-box integration with SAP ECC and S4 HANA. Highly flexible. > > **Cons**: Previous on-prem versions had several bugs which required manual workarounds or custom scripts to correct. These have been addressed in the subsequent cloud application. > > 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. ----- ### "SLAN SP5" — 3.0/5 > **Juho** | *30 July 2019* | Paper & Forest Products | Recommendation rating: 7.0/10 > > **Pros**: -The software has an easy-to-use interface that new users have quickly grasped. -As the database is open, we have been able to easily utilize it to create custom reports with tools such as Lavastorm and Microsoft Power BI. -Having a data repository that contains all leasing contracts within one software has provided visibility to the needed internal stakeholders -Having a system directly linked to SAP has proven beneficial > > **Cons**: We are using the SP5 version of the software, which has then been upgraded to SP7. The reporting functionalities of the version used by our company do not support our reporting requirements. This has lead to limited visibility on the leasing contracts deployed in SLAN (for which Power BI-solutions have been created). In addition, we have found many bugs related to the version, which has caused many issues that have proven time-consuming to solve for our SLAN key users and IT. > > 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. ----- ### "Experiencia Nakisa" — 5.0/5 > **Rodolfo** | *19 September 2024* | Retail | Recommendation rating: 9.0/10 > > **Pros**: It is a customized system for IFRS 16 compliance that provides users with reporting tools to ensure traceability throughout the entire leasing proces > > **Cons**: In previous versions, errors in the contract could not be corrected. > > 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. ----- ### "Nakisa Lease Administration" — 5.0/5 > **Olof** | *3 October 2022* | Automotive | Recommendation rating: 9.0/10 > > **Pros**: The twice yearly releases with ever more functionality and improvements in the Saas (cloud) version. product has now matured for many years with a high speed of innovation, so I would say the features is definitely on the "Pro" side. The fact that Nakisa hosts it means that support personnel, or the product team in tricky cases, can get a first hand view of the problem and can easily check logs, and so on. Try out solutions in QA. I am not sure if I can comment on ease of use since I have used it for many years now. For key user/administrator: Ease of administration for the master data and batch jobs, and a wealth of mass update tools and reports. > > **Cons**: It has been, let's say, quite a journey to upgrade between the different on-prem versions and then into the cloud. This meant that some contracts from the go-live had issues later on. It turned out e.g. that something was missed in migrations, due to things like additions in the data model through the early on-prem versions. The most impact was in SP4 created contracts (from initial load in 2019) when entering the Cloud. This is not a "Con" for someone choosing the software today, since they'll be starting on the cloud version and these issues won't be there. If you have SAP ECC with classic (old) Asset Accounting there can also be some issues between the two systems. You'll have to consult your SAP AA expert to set up depreciation keys and so on to fit lease accounting correctly, since the case is often that Nakisa has the correct value in the schedules, but SAP Old AA won't quite be able to match it. Also with old SAP AA you'll (at least in the current release we're on, 2021 R2) miss out on the feature intercompany lease transfer for the companies connected to SAP ECC. These limitations will go away with time as companies move to SAP S/4. > > 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. ----- Page: 1 / 2\ Next: [Next page](https://www.softwareadvice.ie/software/419321/nakisa-lease-administration?page=2) ## Links - [View on SoftwareAdvice](https://www.softwareadvice.ie/software/419321/nakisa-lease-administration) ## This page is available in the following languages | Locale | URL | | de | | | en | | | en-AU | | | en-GB | | | en-IE | | | en-NZ | | | fr | | ----- ## Structured Data