type of service
Optimise global equipment leases and support compliance by simplifying lease administration and accounting standards. With SAP Lease Administration, you gain a single point of entry to collect, validate, and process equipment leases.
IFRS 16 Ι ASC 842
Ensure your organization is compliant while taking your lease management to the next level
If your business is affected by the new IFRS and ASC regulations, you may already know how important it is to get your organization compliant with these new regulations quickly. iWest's SLAN practice is filled with SAP experts ready to take care of your transition to SLAN so you can focus on keeping your business running. Getting started is quick and easy!
After several years of co-development between SAP & Nakisa, the SAP Lease Administration by Nakisa (SLAN) solution has finally arrived.
Here's what you can look forward to with the new solution:
- Improve the transparency of lease portfolios
- Simplify & expedite lease management
- Improve balance sheets & reduce costs
- Decrease lease reporting inaccuracies
- Enjoy a superior user experience
Most organizations - both lessors and lessees - will be impacted by the new and upcoming regulatory compliance standards.
⦁ ASC 842 effective: December 15, 2018
⦁ IFRS 16 effective: January 1 , 2019
As current administration standards change, it's imperative that all affected organizations ensure they're compliant. This can be a large undertaking for many businesses, as leasing data may be handled by several different departments. Now is the best time to prepare your organization & make the leap to SLAN.
The right leadership at just the right time
Let iWest ensure your organization's transition to SLAN is a successful one
Our SLAN practice is staffed with an effective and dedicated team of both technical and functional resources. You’ll have access to SAP experts formally trained in the latest versions of the Nakisa solution.
There’s no need to miss important compliance deadlines – let us get your lease management system up-to-date!
Solutions & Accelerators
Reporting and Analytics
The custom reporting and analytics solutions provided by iWest will help your business accelerate and get the most out of your SLAN implementation:
⦁ Custom Disclosures and Reporting
⦁ Reconciliation reports
⦁ Dashboards and Visualizations
⦁ Data discovery applications
⦁ Cloud based and on-premise solutions leveraging your existing SAP Analytics infrastructure to reduce TCO
The iWest Center of Excellence (CoE) has developed an extensive set of accelerators and best practice documents which could be used to accelerate the project time lines. The list of accelerators can be viewed here:
⦁ User requirements gathering workshop templates
⦁ Project Plans
⦁ Implementation templates
⦁ Training material and how-to videos
⦁ Transition documents
Make sure your organization is ready for the new regulations
Lease Accounting at the next level
With IFRS 16 and ASC 842 regulations in effect, there’s no better time than now to ramp up your organization’s lease accounting system.
What you can look forward to with the new SLAN solution:
Increased transparency of lease portfolios
Simplified & expedited lease management process
Decreased lease reporting inaccuracies
Overall reduced costs
Full end-to-end SLAN implementation services
Post go-live support
Solution & implementation path tailored to your company
SAP experts dedicated to your projects
Reporting & Analytics to get the most out of your new SLAN implementation