October 9, 2024 - Nakisa, a global leader in cloud-native enterprise software solutions, unveiled its state-of-the-art Integrated Workplace Management System (IWMS) Product Portfolio and its AI strategy. This launch marks a significant milestone for Nakisa, which has been serving Fortune 1000 clients across finance, HR, and real estate for over two decades. 

It enables seamless management of real estate portfolios, capital projects, facilities, and workplace operations, helping companies optimize performance and set the stage for fully connected intelligence. The new IWMS portfolio is designed for large enterprises ready to transition to a fully cloud-native architecture. 

• Revolutionizing the IWMS landscape: The Nakisa IWMS Product Portfolio bridges the gap between financial and operational data, offering real-time insights into portfolio management, capital projects, facility operations, energy management, and sustainability initiatives, all while providing significant cost savings. Recognized by Gartner as a leading disruptor in its IWMS Market Guide 2024, Nakisa's cloud-native platform addresses critical shortcomings of legacy solutions, empowering enterprises with greater process efficiencies and adaptability.  
• AI-powered strategy driving innovation and efficiency: At the core of this launch is Nakisa’s comprehensive AI strategy, which focuses on two key objectives: delivering value through AI-driven actions as well as embedding AI into every aspect of the organization. By simplifying complex workflows, augmenting product capabilities with real-time insights, and optimizing operations through self-improving systems, Nakisa is driving continuous innovation and operational efficiency to deliver measurable business outcomes across four critical areas: (1) product capabilities, (2) organizational functions, (3) content creation, and (4) employee development.  
• Built on the Nakisa Cloud Platform (NCP): The Nakisa IWMS Product Portfolio leverages the powerful Nakisa Cloud Platform (NCP), an advanced microservice-based architecture that ensures consistency, reliability, and scalability. This cloud-native infrastructure integrates seamlessly with external applications and provides a unified backbone for master data management. As a result, customers benefit from lower maintenance costs, streamlined upgrades, and consistent user experiences across all Nakisa products, while always operating on the latest versions. 

Finance core capabilities—A key differentiator

Nakisa’s deep expertise in finance continues to play a pivotal role in the new IWMS portfolio. The integration of financial and operational data within the IWMS Product Portfolio delivers real-time insights that drive efficiency, optimize portfolio management, and enhance overall profitability to both new and existing clients. 

Key components of the Nakisa IWMS Product Portfolio 

The new IWMS platform includes four product suites, each designed to support the full lifecycle of commercial and corporate real estate operations: 

• Nakisa Portfolio Management Suite:  

This comprehensive solution for managing leased, sub-leased, and owned assets provides a single source of truth by integrating financial and operational data to optimize decision-making and ensure compliance.  

• Nakisa Capital Projects Suite: 

This suite enables project leaders to plan, initiate, and execute capital projects with precision, offering tools to allocate budgets, evaluate sites (site-selection), and manage the project lifecycle from start to finish. 

• Nakisa Lease Accounting Suite: 

Part of our Accounting Product Portfolio, the Lease Accounting Suite has been central to serving large enterprises with lessee and lessor accounting capabilities for over a decade. It equips real estate teams with integrated tools for both lessor and lessee scenarios, ensuring compliance with IFRS 16, ASC 842, and local GAAP. The suite seamlessly integrates with ERP systems like SAP, Oracle, and Workday, simplifying complex lease accounting and reporting processes by leveraging data from the Portfolio Management Suite for compliance and disclosures. 

• Nakisa Facility Management Suite: 

Designed for Facility Managers, this suite enables tracking of asset inventory, work orders, maintenance schedules, and operational KPIs to improve efficiency and performance. 

"We are excited to introduce our new IWMS Product Portfolio, a game-changer for large enterprises in the real estate space," said Dr. Soodeh Farokhi, Chief Product Officer at Nakisa. "This launch marks a significant milestone in our AI-driven, product-led strategy. With the Nakisa Cloud Platform, we are streamlining complex real estate operations and empowering enterprises with real-time, data-driven insights that enhance decision-making. By integrating our deep Finance Core capabilities with AI-augmented workflows, we are delivering a solution that reduces operational friction, drives efficiency, and unlocks long-term value for our customers. This portfolio represents Nakisa’s commitment to transforming the commercial real estate landscape through continuous innovation and platform excellence." 

Watch the launch event

Discover how Nakisa’s cloud-native IWMS Product Portfolio can transform your real estate and facility management processes. Watch the launch event to see the platform in action through in-depth demos and firsthand insights.