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To support lease accounting for regulatory compliance and drive more efficient cost controlling, companies need clear visibility into their global lease portfolios. This includes enterprise-wide visibility into composition, key lifecycle dates, value of leased assets, responsible org units, etc. These solutions need to scale with global enterprise requirements and integrate seamlessly with existing ERP systems.
SAP Lease Administration by Nakisa creates a unified leasing contractual data repository that can be accessed to leverage accurate and relevant data for the optimization of not only the leasing accounting processes unique to your business, but also transactional processes such as equipment management, supplier management, business planning, and more.
This eBook provides a look at the challenges and opportunities presented by new lease accounting requirements, with specific attention to the importance of choosing lease administration solutions with the scalability, enterprise performance and native integration necessary to provide both compliance and long-term extensibility.