Application Features

The Application Features table allows you to enable and configure features in Nakisa Portfolio Management Suite. To access the application features table, click Main Menu > Admin > Application Settings. Once a setting is changed, click Save.

The following table describes the available features that can be enabled:

Feature	Description
Accounting	The accounting setting allows you to toggle compliance with IFRS 16 and ASC 842 accounting standards, as well as integration with Nakisa Lease Accounting Suite: Accounting ON - Standard: The accounting team is required to complete accounting information for the contract, lease component, and activation group in Nakisa Lease Accounting Suite. The standard workflow necessitates more involvement from accountants and approvers. Accounting ON - Streamlined: The accounting team only needs to complete accounting information at the activation group level in Nakisa Lease Accounting Suite. The streamlined workflow reduces the amount of intervention required from accountants and approvers. Note: To use the streamlined mode of operation, application level default values for the Compounding Frequency and Calendar Type fields must be set for each company code in the Admin section of Nakisa Lease Accounting Suite. For more information on how to set default values, refer to the Nakisa Lease Accounting Suite User Guide. Accounting OFF: The application runs as a standard real estate solution, without IFRS 16/ASC 842 compliance. See Modes of Operation for more information on the modes of operation.
Terms Accounting	This setting can only be enabled when the configured mode of operation is Accounting ON - Standard. When enabled, the accounting page displays a simplified version of the Rent Table where users can specify a cost center and a lease component to be associated to their terms.
API Webhooks	API Webhooks allows you to receive messages regarding subscribed entities. This feature must be enabled for you to receive messages and to view the Callback Log.
Report and Dashboard Currency	This setting allows you to set the currency that will be used in all dashboards and reports in Nakisa Portfolio Management Suite. You can add up to five currencies. Note that exchange rates for the currencies must be configured in the Financial Organization Structure for the currency conversion to function properly. To set the dashboard and report currency, select one or more currencies from the drop down menu, and click Save.
Formula Percentage Rent	This setting enables formula based percentage rent, and is disabled by default.
Enable LLM Abstraction Jobs (Beta)	This setting enables the AI Lease Abstraction (Beta) feature.
Enable Dashboard AI Agent (Beta)	This setting enables the Nakisa AI Dashboard Agent (Beta).
ESG	This setting enables tracking of energy consumption so that users can calculate their subsequent CO2 emissions. Users can set ESG Default Values to be used when tracking their energy consumption in the ESG form in the premises.
Specialized Asset	This setting allows users to determine whether their contracts will be created with the Specialized Asset field in Nakisa Lease Accounting Suite set to True. When this setting is set to True, activation groups in Nakisa Lease Accounting Suite have the Specialized Asset field set to True by default.
Hide Tabs	This setting allows you to by default hide optional pages in locations, premises, and contracts, as well as optional fields during location, premises, and contract creation. These pages and fields can still be accessed if required.