Activating a Contract

Once the required information has been entered, you can activate the contract. The Status changes to "Active", and the file becomes read-only and can no longer be edited, unless you create a new contract version.

If Nakisa Portfolio Management Suite is operating as an IFRS 16/ ASC 842 compliant solution, the contract syncs with Nakisa Lease Accounting Suite once the contract is activated.

To activate a contract:

Click Main Menu > Contracts and open the required contract.
Click Activate.