Creating Master Agreements

The first step in contract administration is for users to create a master agreement. Master agreements can be created from scratch, or an existing one can be copied.

Note that if the header indicates that Migration Mode is ON, all objects created in or imported in to Nakisa Lease Accounting Suite are flagged as "Migrated".

Note: Click the context menu and select Add to favorites for any master agreement that you wish to favorite. These can be easily accessed in the Nakisa Product Center.

To create a master agreement:

Perform one of the following actions:
- On the Master Agreement landing page click in the landing page toolbar.
- Click Main Menu > Create Master Agreement.
Select the Year that the MLA starts. If you need to create an MLA in a year that is not available in the list, contact your system administrator.
Select the Lease Area, which represents a regional area or different legal responsibilities. Note that a lease area is assigned to one or many company codes.
If required, select the Asset Class that will be used for all contracts associated to this master agreement.
Enter the Master Agreement Name.
Click Submit.

To copy an existing master agreement:

Open the existing master agreement that you would like to copy.
Click the context menu > Copy.
Enter the Master Agreement Name.
Click Copy.