Avis clients sur Nakisa Lease Accounting

SAP-Integrated Lease Administration and accounting

Avantages :

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.

Inconvénients :

At the beginning in 2018 we were still seeing some product gaps which were closed with several upgrade packages in the meantime.

Alternatives envisagées précédemment : Planon

Pourquoi passer à Nakisa Lease Accounting : For flexibility and SAP integration with several global systems.

Experiencia Nakisa

Commentaires : 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.

Avantages :

It is a customized system for IFRS 16 compliance that provides users with reporting tools to ensure traceability throughout the entire leasing proces

Inconvénients :

In previous versions, errors in the contract could not be corrected.

Nakisa leases management

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

Avantages :

We had an issue for one of our leases that was not resolved but after 18 months. Not sure why the amortization stopped working and why it took so long for the Nakisa team to solve it.

Inconvénients :

Nothing really I think they take too long to solve issues

Sanimax's experience with Nakisa Lease Administration

Commentaires : 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!

Avantages :

- input into NLA all our lease contracts information in an easy and efficient manner. - the software is user friendly to manage new and matured leases and process the monthly lease accounting entries. - schedules and reports provide the necessary information by contract to control the asset values and liabilities at any given time.

Inconvénients :

There have been a couple of version upgrades in the last couple of years, requiring testing on our end after the upgrades.

Nakisa Lease Administration

Commentaires : 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.

Avantages :

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.

Inconvénients :

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.

SLAN SP5

Commentaires : 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.

Avantages :

-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

Inconvénients :

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.

Good Product, wyas behind maturity

Commentaires : Bringing all leased assets globally for reporting.

Avantages :

Good software for SAP customers at enterprise level no doubt Helps bring all lease assets under one umbrella Integrates with SAP albeit with some pain. Good for small companies that dont have enterprise presence globally

Inconvénients :

Software maturity curve is very slow, lot of issues to contend with Batch posting still doesn't work need lot of manual intervention Reporting is very minimal Customer support is spotty Software i snot able to handle the volume of leases globally with various nuances Not designed to capture business needs for e.g approval is multi step that takes away the agility and speed Lack of robust product knowledge by its own support folks.

Difficult to implement

Avantages :

Compliant with ASC 842 and integrates with SAP

Inconvénients :

Massively difficult to implement. Seemed like it barely had functionality and we built half the system for our company.

Does everything we need it to

Commentaires : Does what we needed it to do, which was compile all global leases, and provide the entries necessary to comply with the new standard.

Avantages :

We have a pretty vanilla lease profile, however, the system makes it easy to put all leases in one place and produce the necessary entries needed for closing. Also, we are utilizing the reporting functions more and more to better understand our portfolio and where we can make operational changes.

Inconvénients :

There are some bugs that we are working through, but it hasn't interrupted anything in our current process.

YOU HAVE BEEN USEFUL AND THE CUSTOMER SERVICE HAS BEEN GOOD

Avantages :

It's easy to use, provides authorization levels, it is possible to attach documents to the lease items

Inconvénients :

To correct previous periods, the entire load file must be reloaded, the modifications are not easy to make, it is necessary to provide support from the supplier

Nakisa allows compliance with ASC 842 and IFRS 16

Commentaires : 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.

Avantages :

Simple user interface. Out-of-the-box integration with SAP ECC and S4 HANA. Highly flexible.

Inconvénients :

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.

SLAN Feedback

Avantages :

Simple to use for end-users Easy system configuration Easy to upgrade

Inconvénients :

Software is not stable after so many releases System has so many bugs and many things stop working suddenly No references available on google or any other open source websites

Improve reliability

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

Avantages :

UI and the user friendliness of it. Users quickly know how to operate.

Inconvénients :

Stability, system behaves inconstantly in some cases. It is also uncertain if new releases have new issues.

NAKISA

Commentaires : You can have all the information of your leasing contracts safe in the cloud and you don't have to work in thounsands of files in order to get the correct accounting postings according to the IFRS16

Avantages :

The fact that is very simple to understand and gives you exactly the information you want to get. Also you can optimize you time and make other tasks, because the process of controlling and management of all your leasing contracts inside Nakisa is exactly one click away.

Inconvénients :

Sometimes the exection of massive processes is slow, but I thikn that is because of the internet.

Good solution, yet some requirements not fully included

Avantages :

Easy to understand, quite intuitive UI. Fits to process and organizational design.

Inconvénients :

A couple of custom configurable options cannot be configured by ourselves as they are not part of the admin backend, but of the service configuration editor, where changes are only allowed with the support from the suppliers technical consultants.

Nakisa NLA

Avantages :

The Integration to SAP ERP and he Single Sign on.

Inconvénients :

Should show: - The user who is connected the easy wait

Nakisa IFRS16 software

Commentaires : I believe from the admin team that large numbers of tickets are required for issues encountered in using the system still.

Avantages :

Very little to recommend this software over another product

Inconvénients :

Disappointed 3 years post implementation we do not have a solution to compute retirements on fleet leases, we have to have calculated manually. Also the system struggles to cope with large volumes of leases.

What you need improve for integrated with SAP.

Commentaires : Its a good and easy solution for leasing management.

Avantages :

Is easy to use and intagrated with SAP vs BAPI standar. Is easy to create new configuration data for create an other companies. It has many reports about diferent kind of movements. Is easy to create new users with the correct profile for Nakisa vs SAP Profile. If has a good definition science begin, you don't need practicance any maintenance.

Inconvénients :

You need make upgrades, will be better automatic upgrades at cloud. They don have technical spanish support.

Meets Our Needs

Avantages :

Overall pretty simple design and easy to use. Our lease profile isn't too complicated, so it does the job needed.

Inconvénients :

Still a couple small bugs that need to be fixed.

SLAN Working good for us

Commentaires : We have had a pretty simple and straightforward implementation and have had very few issues.

Avantages :

Ease of implementation. Timely responses from Nakisa customer support

Inconvénients :

Plenty of bugs to work out, but that is expected from a quick and first time program.