Case Study: Leading Multinational Pharmaceutical Company achieves ASC 842 compliance and streamlined global lease accounting with Nakisa Lease Administration

Achieving ASC 842 Compliance with Nakisa Lease Administration

A leading multinational pharmaceutical company headquartered in the USA, operating in over 100 countries, faced a complex ASC 842 compliance challenge across a large portfolio of real estate and equipment leases. Their diverse contracts required frequent manual postings, CPI/indexation and payment adjustments, and they needed to manage multiple fiscal years and currencies while maintaining a full audit trail, segregation of duties, and robust reporting.

The company implemented Nakisa Lease Administration (went live December 2018) for native SAP integration and automated lease accounting. Nakisa automated periodic postings and remeasurements, handled embedded leases and non‑lease components, tracked changes across the lease lifecycle, and reduced reconciliation and operational costs. The solution supported multiple fiscal years and currencies and helped the company achieve ASC 842 compliance—including recognition of $1.2 billion in additional lease liabilities on adoption—while improving control and user adoption.