Case Study: ASK Chemicals achieves streamlined lease accounting and IFRS 16 compliance with Nakisa Lease Administration

ASK Chemicals Streamlines Lease Management for Global Multi-ERP Landscape with Nakisa Lease Administration

ASK Chemicals is a global supplier of foundry chemicals headquartered in Hilden, Germany, with about 1,500 employees and a lease portfolio of over 1,200 contracts across multiple countries. Facing an early IFRS 16 adoption using Excel, the company struggled with labor‑intensive validation, inconsistent data and a complex multi‑ERP landscape (two SAP instances plus third‑party ERPs), making it difficult to manage leases across equipment, vehicles and real estate in multiple currencies.

In 2019 ASK Chemicals implemented Nakisa Lease Administration for native integration with its SAP systems and centralized lease data. The solution automated IFRS 16 calculations and postings, introduced workflows, segregation of duties, audit logs and disclosure reporting, reduced manual effort, improved operational efficiency and delivered a sustainable, auditable approach to lease accounting and compliance.

ASK Chemicals

Robert Reddmann

Senior Manager Corporate IT