Nakisa Lease Administration Erfahrungen

SAP-Integrated Lease Administration and accounting

Vorteile:

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.

Nachteile:

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

In Betracht gezogene Alternativen: PowerPlan und Planon Universe

Gründe für den Wechsel zu Nakisa Lease Administration: For flexibility and SAP integration with several global systems.

NAKISA

Kommentare: 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

Vorteile:

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.

Nachteile:

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

SLAN SP5

Kommentare: 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.

Vorteile:

-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

Nachteile:

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.

In Betracht gezogene Alternativen: IRIS Lease Accounting

Gründe für den Wechsel zu Nakisa Lease Administration: The fact that it was a SAP-backed product impacted the decision making immensely. In addition, benchmarking with other Finnish companies, we found many had chosen SLAN as the

Good solution, yet some requirements not fully included

Vorteile:

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

Nachteile:

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.

What you need improve for integrated with SAP.

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

Vorteile:

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.

Nachteile:

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

Good Product, wyas behind maturity

Kommentare: Bringing all leased assets globally for reporting.

Vorteile:

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

Nachteile:

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.

Improve reliability

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

Vorteile:

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

Nachteile:

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

Does everything we need it to

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

Vorteile:

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.

Nachteile:

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

Difficult to implement

Vorteile:

Compliant with ASC 842 and integrates with SAP

Nachteile:

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

YOU HAVE BEEN USEFUL AND THE CUSTOMER SERVICE HAS BEEN GOOD

Vorteile:

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

Nachteile:

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

SLAN Feedback

Vorteile:

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

Nachteile:

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

Nakisa NLA

Vorteile:

The Integration to SAP ERP and he Single Sign on.

Nachteile:

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

Meets Our Needs

Vorteile:

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

Nachteile:

Still a couple small bugs that need to be fixed.

SLAN Working good for us

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

Vorteile:

Ease of implementation. Timely responses from Nakisa customer support

Nachteile:

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