Release
Showa Denko Materials Adopts Works' Fixed Asset Management System
2021/11/09
(Head Office: Chiyoda-ku, Tokyo; President and CEO: Masahiko Miyahara), a group company of Works Applications Corporation (Head Office: Chiyoda-ku, Tokyo; President and CEO: Osamu Hata), announced today that Works Applications Enterprise Co: (headquartered in Chiyoda-ku, Tokyo; Hisashi Maruyama, President; hereinafter referred to as "Showa Denko Materials") has introduced "HUE Asset" from Works Applications Group (hereinafter referred to as "Works") to three companies including group companies as a fixed asset management system.

Background and Reason for Adoption
Showa Denko Materials has been developing its business to provide solutions in the fields of telecommunications, mobility, energy, and life sciences, based on its strength in product development capabilities with a wide range of technology platforms centered on materials.
We joined the Showa Denko Group in 2020 with the aim of providing one-stop solutions for all issues ranging from advanced materials and materials to processes and technical services. With the joining of the Showa Denko Group, a switchover of the fixed asset management system was required as part of the restructuring of the infrastructure to be able to respond to management and business reforms, and the smooth switchover to the targeted April 2021 operation was realized, leading to the adoption of HUE Asset" as a software package that covers a wide range of business requirements in the manufacturing industry.
Effects of the introduction of Ariel
Although "HUE Asset" was implemented in a large-scale manufacturing industry that requires a wide range of business requirements, we were able to handle it with standard functions only, without additional development, and realized the April 2021 launch as originally planned. The success of the project was due to various adjustments such as the accelerated construction of the environment, in-depth discussions with related parties, and repeated discussions during the project on the necessary requirements.
Furthermore, the major requirements that had to be addressed after the system went into operation were realized by changing the settings of standard functions, without additional development.
The following two functions were introduced in response to the growing importance of centralized information management. The following two functions were introduced in response to the growing importance of centralized management of information.
Construction in progress function with an account transfer function that minimizes the burden on the registrant
- Fixed asset function with an inquiry function that enables multifaceted analysis, including depreciation schedule information.
About Showa Denko Materials K.K.
Showa Denko Materials K.K. develops and manufactures a variety of products that support information and telecommunications, mobility, energy, and life sciences with the aim of providing innovative solutions to solve social issues. Major products include materials for semiconductors, anode materials for lithium-ion batteries, industrial lead-acid batteries that support renewable energy, and reagents for automated biochemical analyzers. The company has design and manufacturing facilities in Asia, Europe, and North America, and had 23,421 employees on a consolidated basis as of fiscal year 2020.
About Works Applications Group
Since its establishment in July 1996, Works Applications, Inc. has been providing Products / Services to large domestic companies as a packaged software company for business applications originating in Japan. 2021 marks the transition to a holding company structure. Works Applications Group aims to further develop as an ERP provider based on this corporate philosophy: to change the concept of "work" and make work more creative, and to increase corporate productivity and expand corporate value.
About HUE Asset, a fixed asset management system
HUE Asset" is a fixed asset management system that responds to the Japanese tax system and the complex operations of major companies.
It supports the management of all types of assets, including fixed assets, leases, and construction in progress, and can quickly respond to changes in the law and the application of IFRS. HUE Asset Management System provides powerful solutions to issues unique to large companies, such as improving the efficiency of provisional settlements and the operation during actual inventory inspections.
Product page https://www.worksap.co.jp/services/asset-management/
* Company names are trademarks or registered trademarks of their respective companies.
* The information in this release is current as of the date of the announcement and is subject to change or withdrawal without notice.
Please be aware that the forecasts and other forward-looking information in this release are based on uncertainties and may differ from actual results.
For inquiries regarding this article, please contact
Public Relations, Works Applications Corporation
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