Starter Kit: Kick-Start Your Lease Accounting Project

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Starter Kit: Kick-Start Your Lease Accounting Project

Nakisa Lease Administration is a holistic lease management, accounting, and reporting solution designed to support regulatory compliance with the new leasing standards (IFRS 16 and ASC 842). As a comprehensive lease accounting solution, Nakisa Lease Administration helps organizations manage global lease portfolios, gain strategic insights into financial data, and streamline lease accounting operations.

 

What’s Included?

Nakisa’s technical accountants and professional services teams have come together to bring you a collection of resources designed to get you started on your lease accounting journey.


Nakisa Lease administration

Find the right software: 5 key elements to look for in a lease accounting solution.

Most organizations are undertaking an evaluation process to determine which lease accounting solutions are robust enough to tackle the requirements of the new lease accounting standards. In this kit you’ll find 5 key elements to look for in a lease accounting solution.

Shorten the timeline of your RFP process with a sample RFP requirement list.

The challenge of procurement is that it can take weeks, if not months, to complete an RFP process. Within the starter kit, you’ll find a list of solution requirements that can be used to help produce an RFP that includes the most important features of a lease accounting solution.

dataconsolidation
Nakisa Lease administration

Staff for success by understanding the key roles and responsibilities of your project team.

To ensure success of your lease accounting project, you will need to establish a project team. In the starter kit, see a list of recommended departments to involve as well as the key responsibilities of each of the players on your project team.

accounting

Make your deadlines by starting early and planning ahead for all key activities.

Applying the standards will create a substantial amount of overhead work. A sample project timeline is provided in this kit along with a list of key activities and deliverables expected at each phase of the project.

Collect the right data the first time with a list of 50 data fields to collect from your leases.

The data required for compliance is abundant. Gathering, collating, and analyzing data sets of such volume manually is a costly and time-consuming task. In this kit, see 50 data fields you need to collect from your leases.

reporting
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