Case Study: Trakindo achieves IFRS 16 compliance and full lease visibility with Nakisa Lease Accounting

Trakindo achieves IFRS 16 compliance for 2,000+ leases with Nakisa

Trakindo, a leading heavy equipment provider in Indonesia, faced significant challenges in achieving IFRS 16 compliance and managing its portfolio of over 2,000 leases. Using manual Excel spreadsheets and lacking a centralized system led to inefficient processes, disparate data, and an inability to track leased assets effectively. To address this, they turned to Nakisa and implemented its Nakisa Lease Accounting software.

Nakisa provided a cloud-native solution that seamlessly integrated with Trakindo's existing SAP ERP system. The implementation was completed in under 30 days, eliminating human error and providing full visibility of all leased assets. The results included streamlined operations, ensured compliance, and a transparent, consistent process for asset categorization, allowing Trakindo to proactively manage its lease portfolio.

Trakindo