Case Study: Walmart achieves IFRS 16 and ASC 842 compliance with Nakisa lease accounting software

Walmart optimized lease accounting and adopted IFRS 16 and ASC 842 compliance with Nakisa's lease accounting software

Walmart, the world’s largest retailer, needed to modernize and centralize its global lease accounting to meet the requirements of IFRS 16 and ASC 842 across thousands of leases and multiple legal entities. The company also had to manage complex regional differences, multi-currency reporting, disclosures, and audit-ready controls, and it chose Nakisa’s Lease Administration software to support this compliance journey.

Nakisa implemented a scalable lease accounting solution with native SAP integration that consolidated lease data from disparate systems, automated journal entries, and produced accurate calculations and disclosure reports for both IFRS 16 and ASC 842. As a result, Walmart achieved successful compliance, gained global visibility and better operational reporting, and was able to process hundreds of thousands of journal entries per month while speeding deployment across markets.

Walmart

Shawn Husband

Senior Director, Lease Center of Expertise