Case Study: PUMA achieves IFRS 16 compliance and streamlines global lease accounting with Nakisa Lease Administration

PUMA Meets IFRS 16 Compliance and Streamlines Global Lease Accounting Operations with Nakisa Lease Administration

PUMA, a global sports brand with more than 13,000 employees and distribution in 120+ countries, faced a complex lease accounting challenge: over 2,200 leases across multiple currencies and 99 legal entities managed by 290+ users were tracked with disparate Excel tools. To comply with the new IFRS 16 standard, PUMA needed a single, user-friendly global solution to centralize contracts, standardize incremental borrowing rates (IBR), and accelerate month‑end and quarter‑end closes.

Nakisa Lease Administration provided that single platform, storing right-of-use assets, lease liabilities and payment schedules while handling multiple currencies and comprehensive disclosure reporting. The implementation centralized IBR calculations, streamlined lease accounting processes, improved visibility for stakeholders, and reduced time and labor—leading to more efficient month/quarter closes and the recognition of €615.6 million in additional lease liabilities on adoption.

PUMA

Holger Wegerer

Global Director Corporate Accounting