Case Study: Nestlé achieves secure, scalable cloud lease accounting and IFRS 16 compliance with Nakisa Lease Administration

How the world’s largest food company digitally transformed their lease accounting

Nestlé, the world’s largest food company with 352,000 employees across 360 companies and operations in 189 countries, faced the challenge of modernizing lease accounting at scale: 40,000 lease contracts, 70,000 monthly journal postings and multiple ERP landscapes needed to meet IFRS 16 compliance while maintaining strong SAP sub-ledger integration and strict cybersecurity controls — all without disrupting business operations.

Using Nakisa’s cloud platform and a lift-and-shift migration in 2020, Nestlé moved its entire lease portfolio to the cloud after extensive automated QA and more than 60 business-based, volume and stress tests. The result was a smooth, secure deployment that retained granular SAP integration (direct journal postings and master-data sync), improved flexibility and efficiency, met compliance and ITGC requirements, and delivered a stable, scalable solution that Nestlé calls a success.

Nestle

Dana Jircikova

Head of Capital and Financial Investments Reporting