Europcar Mobility Group Lease Management Case Study

This case study details the implementation of Nakisa Lease Administration by Europcar Mobility Group to streamline lease management for over 100,000 lease contracts. In 2018, Europcar sought a lease accounting solution to ensure compliance with IFRS 16, which required a robust system capable of handling extensive lease data across multiple subsidiaries using different ERP systems, primarily Oracle and SAP. The company realized the need for specialized leasing software after conducting a technical accounting assessment. Nakisa Lease Administration was selected for its ability to manage end-to-end lease accounting processes. The implementation resulted in a more efficient lease accounting process, reducing the time and effort needed for managing lease modifications and reassessments. The solution provided greater visibility into lease liabilities and commitments, centralizing contract data and enhancing operational efficiencies. This case study illustrates how Nakisa supported Europcar in addressing the unique challenges of managing a large lease portfolio while ensuring compliance with accounting standards.