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Accounting / Cash & Financial Management

Koshida Tech Corporation

Covering complex receivables and payables management unique to trading companies. HUE AC" is adopted for business standardization.

 Koshida Tech Corporation

Koshida Tech Corporation

Wholesale and trading companies

(Head Office: Chiyoda-ku, Tokyo; President and CEO: Masahiko Miyahara), a group company of Works Applications, Inc. (Head Office: Chiyoda-ku, Tokyo; President and CEO: Osamu Hata), has announced that Koshida Tech, Inc. (headquartered in Chiyoda-ku, Tokyo; Ryozo Koshida, President & CEO; hereinafter "Koshida Tech") has decided to implement the HUE AC Series with the aim of improving operational efficiency and quality by standardizing accounting operations.

Background of Introduction

Koshidatec is a technology trading company founded in 1930 that is involved in a wide range of businesses including automotive sales support and after-sales service business, semiconductor and electronic device sales and technical support business, retail business for mobile, automotive accessories and motorcycle-related products, and security and IoT solutions business. The company has 15 domestic and 13 overseas group companies with global operations.

Koshidatec's challenge was that the accounting system was not standardized within the group, and the workflow differed from one company to another, making it a highly individualized process. Koshida Tec was considering the introduction of a group-wide system to standardize operations, but as a company that operates across multiple industries, a high hurdle in the selection process was the need for a system that could satisfy the business practices and accounting operations of multiple industries.

Koshida Tech decided to implement the "HUE AC Series" because of its high level of business coverage, which incorporates a wide variety of business requirements and business practices as standard functions, regardless of industry or business category. KOSHIDA TEC plans to begin implementation at the two main companies and then expand it to the entire group. In addition to improving operational efficiency and quality by standardizing accounting operations for the entire group, Kosida Tech also plans to revitalize the utilization and exchange of human resources in the future.

2. reason for adoption

The following three points were particularly appreciated in the adoption of the system.

(1) The system can be introduced without customization due to its high business comprehensiveness.

The "HUE AC Series" has achieved a high level of business coverage by expanding the standard functions of the package based on the needs of more than 2,200 customers in Japan. Although each group company was required to meet different business requirements for this implementation, the high level of business coverage made it possible to implement the system without customization, thereby reducing man-hours and costs for additional development.

(2) Unique business practices that vary by industry and business category are also covered.

Koshidatech operates in a variety of industries, including trading, retail, and IT solutions, and the introduction of the system was required to satisfy all the different business practices and accounting operations of each industry. The HUE AC Series was highly evaluated for its ability to handle a variety of transaction types based on Japanese business customs, as well as for its detailed adjustment functions that enable operation in a wide range of industries and business categories.

(3) Strengthening the governance of the financial system and accelerating the settlement of accounts

In the area of finance and cash management, the introduction of the system will strengthen governance and accelerate the settlement of accounts at the level required of major companies by automating the preparation of cash flow statements and cash plans, as well as the group-wide settlement of accounts for various financial transactions, such as borrowings and securities.

3. Mr. Akitani, General Manager of Accounting Department, Koshida Tec Corporation, commented

We have established a new business reform project, aiming to standardize operations across the group by eliminating as much as possible the work performed by individual employees at affiliated companies, including our own. HUE, which absorbs the requirements of various companies and implements them as standard functions, is in line with our company's direction of aligning operations with package standards without customization. We hope that Works will support us in shifting to more effective operations through its unique implementation method of 'implementing HUE in accordance with the standard operations of HUE.

About "HUE AC Series

The system generalizes a wide variety of business requirements and business practices required by major companies regardless of industry or business category as "standard functions" and can be introduced without customization even to customers with complex business processes. This ERP package is based on the concept of "ERP that continues to grow based on customer feedback" that is updated based on customer needs.

Products in use
Financial and managerial accounting system " HUE AC "
Financial and cash management system " HUE Treasury

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