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Description
Lease102 is a specialized lease accounting software tailored to ensure adherence to FRS 102 Section 20, streamlining the accounting workflow through AI-driven data extraction, calculations, journal entries, and disclosure reports. Designed specifically for businesses in the UK and Ireland, this platform employs FRS 102 logic directly, rather than modifying it to fit IFRS 16 standards. By harnessing advanced AI technology, it efficiently extracts crucial information from lease agreements, minimizing the potential for human error associated with manual data entry. The calculation engine incorporates the Bank of England SONIA and ECB €STR rates to calculate suitable discount rates accurately. Additionally, it maintains an extensive seven-year audit trail that records all lease alterations and computations, enhancing transparency and accountability. Among its other valuable features are tools for team collaboration, management of lease modifications, alerts for expiration, support for multiple currencies, and options for integration with ERP systems. Furthermore, Lease102 prioritizes security by implementing AES-256 encryption, utilizing TLS 1.3 protocols, and ensuring data storage within UK/EU regions, thus upholding GDPR compliance and safeguarding sensitive information. This holistic approach not only simplifies the lease accounting process but also reinforces the trust businesses place in their financial reporting.
Description
Fortune 1000 companies have a reason to trust Nakisa Lease Administration with their lease accounting and compliance. Global companies seek finance software that excels in accounting practices, guarantees control and accessibility, and achieves accuracy and completeness of financial data. Nakisa Lease Administration exceeds this requirement. It offers a flexible, scalable platform for large lease portfolios that have diverse assets, complex terms, and high levels of activity. Centralize the accounting operations of your lessees and lessors. ERP integration makes data reconciliation easy. Nakisa Lease Administration is capable of handling any contract with tangible leased assets from inception through termination. Our solution is fully scalable and delivered as a web-based SaaS application. This reduces deployment time and adoption time.
API Access
Has API
API Access
Has API
Integrations
Microsoft Dynamics 365
SAP Business One
Sage 200
Sage 50
Xero
Integrations
Microsoft Dynamics 365
SAP Business One
Sage 200
Sage 50
Xero
Pricing Details
from £20 per month
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Lease102
Founded
2025
Website
lease102.co.uk
Vendor Details
Company Name
Nakisa
Founded
2001
Country
Canada
Website
nakisa.com/finance-suite/nakisa-lease-administration-software/
Product Features
Lease Accounting
Amortization Schedule
Asset Management
Billing & Invoicing
Budgeting & Forecasting
Capitalization Reporting
Critical Date Alerts
Expense Tracking
For Equipment Leases
For Real Estate
Payment Tracking
Portfolio Management
Tax Management
Product Features
Lease Accounting
Amortization Schedule
Asset Management
Billing & Invoicing
Budgeting & Forecasting
Capitalization Reporting
Critical Date Alerts
Expense Tracking
For Equipment Leases
For Real Estate
Payment Tracking
Portfolio Management
Tax Management