Case Study: Trakindo achieves IFRS 16 compliance and full operational visibility with Nakisa Lease Administration

Trakindo gets full picture of its lease operations and achieves IFRS 16 compliance with Nakisa's lease accounting software

Trakindo, a Jakarta-based heavy-equipment and industrial services company founded in 1970 with 6,500+ employees and 60+ branches across Indonesia, relied on Excel and manual SAP updates to manage complex lease portfolios (some contracts covering up to 1,500 assets). When IFRS 16 required capitalization and backdated reporting, the lack of a central repository, disparate data and no way to track contract maturities made compliance and efficient operations impractical.

Trakindo deployed Nakisa Lease Administration in under 30 days, using native bi-directional integration with SAP and a cloud-based, scalable platform. The solution eliminated manual errors, provided a consolidated, up-to-date view of leased assets, enabled mass uploads/changes and scheduled reporting, and streamlined day-two accounting—improving transparency, operational decision-making and ensuring IFRS 16 compliance.

Trakindo

Dini Hadiyanti

Senior Specialist for Business Systems