Nakisa Lease Administration for Lessor Accounting

This document is a technical report detailing Nakisa Lease Administration, a cloud-based lease management and accounting platform. It outlines the software's compliance with ASC 842, IFRS 16, and GASB 87, emphasizing its capabilities in managing global lease portfolios and streamlining lease accounting operations. The report describes the integration features with general ledger and accounts receivable systems, highlighting the elimination of manual processes and the enhancement of data accuracy. It further explains the flexible implementation process, automated reporting tools, and the system's ability to maintain lease schedules and handle various lease types. Additionally, the document discusses the scalability of the platform, its managed service model, and the value delivered in terms of operational efficiency and audit risk reduction. The report concludes with a brief overview of Nakisa's experience in providing solutions to Fortune 1000 companies, reinforcing its commitment to meeting customer needs in complex IT environments.