Nakisa Corporate Profile
A global leader in enterprise business solutions for Human Capital Management (HCM) and Finance, 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. See what’s possible with Nakisa’s powerful visualization technology to:
Align talent performance with company objectives
Stimulate employee engagement throughout your organization
Comply with IFRS standards for Revenue Recognition and Lease Accounting Working with a global network of partners and as one of the few Solution Extension partners of SAP® since 2007, Nakisa serves 800+ enterprise customers and over 4 million subscribers in 24 industries.
Published on: Mar 3, 2016
Transcripts - Nakisa Corporate Profile
See What’s Possible with
A global leader in enterprise business solutions for Human Capital
Management (HCM) and Finance, 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.
See what’s possible with Nakisa’s powerful visualization technology
• Align talent performance with company objectives
• Stimulate employee engagement throughout your organization
• Comply with IFRS standards for Revenue Recognition and Lease
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
Montreal, QC, Canada
9 locations in Germany, South
Africa, Singapore, Japan, Pakistan,
Australia, Russia, Lebanon and USA
800+ Enterprise Customers
24 including Public Sector, Oil and
Gas, Mining. Banking, Utilities,
Pharma, Transportation, Telecom,
Construction and Defense.
CHOICE OF DEPLOYMENT
Nakisa Cloud eliminates the need to purchase, install
and maintain servers to host Nakisa’s solutions, without
compromising the functionality or security of the application.
Nakisa’s unique architecture leverages SAP’s data model and
works as its data repository. This architecture makes it possible
to run Nakisa’s solutions in the private cloud environment
without any persistent data. The information is maintained
directly in a customer’s SAP environment. Only the information
required is loaded in Nakisa’s main memory and is then
discarded when it is no longer needed. No data remains on the
Nakisa cloud server when it is terminated and, since the data is
written back live to SAP, no data is lost.
Nakisa On-Premise provides customers with unparalleled
scalability and flexibility with complete control over their
infrastructure and data management. The on-premise
deployment option also gives customers control over their
customizations, providing the ease to implement complex
processes that meet unique internal requirements.
Furthermore, customers who must meet compliance
guidelines governing company data management have
the ability to host Nakisa’s solutions in-house without
losing any convenience or functionality that is also present
in Nakisa Cloud.
Public Cloud On-Premise
The Nakisa team is proud to deliver robust and innovative business
solutions that address their enterprise customers’ needs in terms
of employee engagement, alignment to company strategy and
compliance, while ensuring their complete satisfaction.
Babak Varjavandi, President and CEO
• Mergers, Acquisitions &
• Strategic Organizational
• Organizational Vulner-
• Goals & Performance
• Talent Review Meetings
Human capital is at the heart of any organization and has the
power to drive business to great heights of profitability. How-
ever, workforce trends are constantly changing. Gaining HR
insights to maximize on talent and improve overall business
results in an ever-evolving environment can be quite chal-
lenging. Nakisa’s innovative and robust HCM solutions adapt
to your business’needs, increasing employee engagement
and collaboration as well as ensuring their alignment with
your corporate objectives.
The Financial Accounting Standards Board (FASB) and
the International Accounting Standards Board (IASB) an-
nounced the release of the converged standard on the
recognition of revenue from contracts with customers.
The goal is to introduce uniformity and predictability to
otherwise widely divergent revenue recognition prac-
tices. Separately, the FASB and IASB have also proposed
changes for how organizations should account for leases.
The upshot is that most leases will have to be reported on
each company’s balance sheet in the future.
Nakisa and SAP have collaborated on a solution, extend-
ing SAP’s revenue recognition and lease accounting
capabilities, that provides:
• a centralized repository for abstracting, analyzing,
and assessing revenue contract data in a compliant
• visibility into your lease exposure to optimize assets
portfolio management and support accounting pro-
cesses for more efficient cost controlling.
Nakisa Inc. | 733, rue Cathcart, Montreal, QC, Canada, H3B 1M6
Tel: +1 (514) 228-2000 | Fax: +1 (514) 286-9786
email@example.com | nakisa.com