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What is PowerPlan?

PowerPlan's Lease Accounting Solution Suite empowers organizations to develop their optimal approach for adhering to ASC 842 and IFRS 16 lease accounting standards. This all-encompassing solution supports a range of accounting frameworks, including GAAP, IFRS, and FERC. Users can leverage scenario analysis within the software to evaluate various adoption strategies and refine their methodologies for implementing the new lease accounting regulations. It adeptly manages a diverse set of capital and operating leases, spanning equipment, real estate, and power purchase agreements. The suite effectively reduces audit risks by automating previously manual tasks, thus improving the precision of billing, reporting, and documentation. Moreover, features such as integrated invoice generation enhance collaboration with billing departments, resulting in better traceability and recognition of receivables. It also automates lease calculations across a wide range of complexities, addressing simple to more complex scenarios that involve variable rates and changing lease terms. Ultimately, this comprehensive solution not only streamlines compliance but also significantly boosts operational efficiency for companies facing the intricacies of lease accounting, allowing them to focus on their core business activities. By providing these essential tools, PowerPlan enables organizations to navigate the evolving landscape of lease management with greater ease and confidence.

What is Nakisa Lease Administration?

Fortune 1000 companies have ample reasons to place their confidence in Nakisa Lease Administration for managing their lease accounting and compliance needs. Organizations operating on a global scale require financial software that not only excels in accounting practices but also ensures robust control, accessibility, and the precision and thoroughness of financial data. Nakisa Lease Administration goes beyond these expectations, providing a versatile and scalable platform tailored for extensive lease portfolios characterized by varied assets, intricate terms, and significant activity levels. By centralizing the accounting processes of both lessees and lessors, it streamlines operations effectively. Additionally, seamless ERP integration simplifies data reconciliation, enhancing overall efficiency. Nakisa Lease Administration is adept at managing any contract involving tangible leased assets throughout its entire lifecycle, from inception to termination. Our solution is designed to be fully scalable and is offered as a web-based SaaS application, which not only accelerates deployment but also facilitates quicker adoption across the organization. By employing Nakisa Lease Administration, companies can focus on their core operations while leaving the complexities of lease management to us.

Media

Media

Integrations Supported

Property Tax Plus

Integrations Supported

SAP Business One

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training

Training Options

Online Training

Company Facts

Organization Name

PowerPlan

Date Founded

1994

Company Location

United States

Company Website

powerplan.com

Company Facts

Organization Name

Nakisa

Date Founded

2001

Company Location

Canada

Company Website

nakisa.com/finance-suite/nakisa-lease-administration-software/

Categories and Features

Decision Support

Not specified

Lease Accounting

Asset Management
Billing & Invoicing
Budgeting & Forecasting
Expense Tracking
For Equipment Leases
For Real Estate
Payment Tracking

Categories and Features

Lease Accounting

Amortization Schedule
Asset Management
Billing & Invoicing
Critical Date Alerts
For Equipment Leases
For Real Estate
Payment Tracking
Portfolio Management

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