Release
Koshidatec Adopts HUE AC Series to Standardize Accounting Operations
2022/04/05
(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), 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.
Reason for adoption
The following three points were particularly appreciated in the adoption of the system.
(1) High business coverage enables non-customized introduction
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) Covers unique business practices that vary by industry and business type
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) Strengthens governance of financial systems and accelerates account settlement
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 Works Applications Group
Since its establishment in 1996, Works Applications Group has been providing Products / Services mainly to major Japanese companies as Japan's first packaged software company for business applications. Based on the corporate philosophy of changing the concept of "work," making work more creative, increasing corporate productivity, and expanding corporate value, Works Applications Group aims for further development as a solution provider centered on ERP, to be a partner in promoting DX for small, medium, and start-up companies in addition to major corporations. We will continue to develop further as a solution provider with ERP at its core.
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*The information in this release is current as of the date of publication, 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.
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