Summary
This case study details the implementation of Nakisa Lease Administration by Amer Sports, a company operating in the sporting goods industry. Founded in Finland in 1950, Amer Sports faced challenges with a complex leasing scenario involving multiple disconnected ERPs and a decentralized lease accounting process. With over 1,500 contracts and a need for compliance with IFRS 16, the company sought a centralized solution that could integrate with their existing SAP systems. The Nakisa Lease Administration cloud solution provided a single application instance accessible worldwide, facilitating digital warehousing of assets and liabilities. The transition to this solution resulted in streamlined lease accounting processes, improved visibility into lease liabilities, and enhanced decision-making capabilities. The case study outlines the business benefits, including increased operational efficiencies and significant time and cost savings for over 80 lease accounting operators. Overall, the implementation of Nakisa Lease Administration has transformed Amer Sports' lease management practices.
