P&G chose SAP Lease Administration by Nakisa to address IFRS 16 and ASC 842 compliance. The customer was looking for a guided lease management, accounting, compliance and reporting solution for lease administration which allowed for the centralization of contracts into a single repository and native integration with their existing SAP environment.
SAP Lease Administration by Nakisa is purpose built for the new lease accounting standards, making it the ideal solution for P&G. The solution is designed to provide visibility into global lease portfolios by unifying data in a centralized repository and includes the necessary disclosure reports outlined by the new standards.
About Procter & Gamble
Procter & Gamble Co., also known as P&G, is an American consumer goods corporation headquartered in downtown Cincinnati, Ohio. P&G has $65 billion in revenue and approximately 105,000 employees.
P&G operates its business globally through five segments: Beauty; Grooming; Health Care; Fabric Care and Home Care; and Baby, Feminine, and Family Care. P&G has turned to its highest revenue-generating products for the most growth potential. Even though P&G holds market-leading positions in several product categories, the company has been focusing resources on its roughly 40 best-selling brands.
A global leader in enterprise business solutions for Organization Transformation and Accounting and Compliance, Nakisa delivers innovative, forward-thinking and robust human resource and financial management solutions that advance your business strategies. Available on premise and in the cloud.
Working with a global network of partners and as one of the few Solution Extension (SolEx) partners of SAP® since 2007, Nakisa serves 800+ enterprise customers and over 4 million subscribers in 24 industries. Nakisa is proud to work with some of the world’s most renowned brands.