Case Study: Sanimax achieves automated lease accounting and US GAAP compliance with Nakisa Lease Accounting

Sanimax automates lease accounting and US GAAP compliance with Nakisa

Sanimax, a Montreal-based manufacturing company with a large lease portfolio of railcars, trucks, equipment, and office assets, faced growing lease accounting complexity after new US GAAP requirements made manual Excel-based processes impractical. To address compliance, auditability, and multi-entity reporting needs, Sanimax turned to Nakisa and its Lease Accounting software.

Nakisa implemented an automated lease accounting solution that streamlined contract creation, monthly journal entries, and year-end reporting across multiple currencies and entities. The result was stronger US GAAP compliance, improved accuracy and oversight, and time savings of up to 80 hours per user per month, with Sanimax noting that Nakisa could save “days of work” and reduce the need for a full-time lease accountant.

Sanimax

Patric Inkel

Corporate Controller