Case Study: Nestlé achieves IFRS 16 compliance and cloud migration with Nakisa Lease Administration

Nestlé migrates 40,000 lease contracts to the cloud with Nakisa

Nestlé, the world's largest food and beverage company, faced the challenge of achieving IFRS 16 compliance and digitally transforming its management of a vast portfolio of 40,000 lease contracts. The company needed a solution that could integrate seamlessly with its multiple SAP ERP systems and ensure robust cybersecurity. Nestlé turned to vendor Nakisa and its Nakisa Lease Accounting software to address this challenge.

Nakisa implemented its cloud platform using a lift-and-shift strategy, successfully migrating all of Nestlé's data without interrupting business operations. The solution provided strong native integration with SAP at both the main and sub-ledger levels, ensured compliance with global accounting standards, and met stringent cybersecurity requirements. Nakisa delivered a future-proof solution that increased operational efficiency through automation and provided Nestlé with a stable, scalable system for its global lease management needs.

Nestle