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　(Headquarters: Chiyoda-ku, Tokyo; CEO: Osamu Hata; hereafter "WAP"), a provider of "multibook," a cloud ERP service that supports business management for companies with overseas offices, has entered into a partnership with multibook, Inc. (CEO: Manabu Watanabe, hereafter referred to as "Multibook"), a provider of cloud ERP service "multibook" that supports business management for companies with overseas offices. With this collaboration, we have established a system to provide consistent support for business management and accounting operations of Japanese companies that are expanding globally, from their headquarters in Japan to their overseas offices.

1. Background of the collaboration

　Some major companies with overseas offices face a variety of challenges, including uncertainty about the details of local business processing and inconsistencies between ledgers due to information input outside of the system and double entry.

　Therefore, WAP, with its strength in business management for major Japanese companies, and Multibook, with its strength in business management for overseas offices, have decided to cooperate to solve these problems by leveraging the strengths of both companies. The two companies will work together to promote the efficiency and sophistication of overseas subsidiary management at major companies and play a role in promoting DX at Japanese companies.

2. Supporting the resolution of human resource shortages

　By offering products from both companies and launching new initiatives such as indirect sales, the two companies will be able to propose a wide range of solutions that will help customers solve their issues and improve the efficiency of business management and accounting operations at their overseas locations.

　In addition, Multibook will offer its BPO service "multibook overseas cloud accounting department" to WAP's client companies, which will take over overseas accounting operations on their behalf. This will help solve the problem of accounting personnel shortages and improve the efficiency of accounting operations at overseas subsidiaries.

Comments from representatives of both companies

Manabu Watanabe, President and CEO of Multibook, Inc.

We are very pleased to announce our collaboration with Works Applications, Inc. Through this collaboration, we will combine the overseas business management expertise of both companies to improve the efficiency of business management and accounting operations of Japanese companies active in the global market. We are committed to addressing the challenges faced by overseas subsidiaries and contributing to solutions through our IT and BPO services. We will continue to contribute to the promotion of accounting DX in Japanese companies by proposing solutions that meet the needs of our clients.

Osamu Hata, CEO, Works Applications Corporation

Works Applications is very pleased to collaborate with Multibook, Inc. Through this partnership, we will firstly promote proposals as solutions to the accounting issues faced by WAP's client companies at their overseas locations. Furthermore, the two companies will work closely together to proactively disseminate information on improving the efficiency of accounting operations, aiming to realize synergies.

3. About the presentation at "WorksWay 2023

　Multibook will be exhibiting at the WAP-sponsored business forum "WorksWay 2023: Defend, Break, and Release - Accelerating the Reinforcement of Management Infrastructure through Pioneering Wisdom for Two Days". The title of the presentation will be "[Works "Global" Way] Works' Global Group Management Realized with multibook," in which we will discuss in detail how WAP works with multibook to improve operational efficiency for the entire group, from the domestic headquarters to overseas subsidiaries. We are planning to talk specifically about the services that WAP provides in conjunction with Multibook to streamline the entire group from the domestic headquarters to overseas subsidiaries.

Name: WorksWay 2023 Mooring, Breaking and Leaving - Two Days to Accelerate the Strengthening of Management Infrastructure from the Wisdom of Pioneers -
Dates: Wednesday, July 19, 2023 - Thursday, July 20, 2023
Venue: Held online
Target: Corporate management, corporate planning departments, information system departments, accounting and finance departments, purchasing departments, etc.
Participation fee: Free
How to participate: You can register for the event on the special event website. (Pre-registration required)

About Multibook, Inc.

Company name: Multibook, Inc.
Representative: Manabu Watanabe, CEO
Established: September 2000
Head office: NMF Gotanda Ekimae Building 5F, 1-1-8 Nishi-Gotanda, Shinagawa-ku, Tokyo
Overseas offices: Singapore, Thailand, Hong Kong, Netherlands
Business: Planning, development and provision of cloud-based accounting and ERP services "multibook" and others
Company profile URL: https://www.multibook.jp/
Cloud-based accounting/ERP "multibook" URL: https://www.multibook.jp/
BPO service "multibook overseas cloud accounting department" URL: https://www. multibook.jp/function/bpo/

About Works Applications

Works Applications was founded in 1996 as an ERP package vendor in Japan. With innovative solutions such as no-customization and free version upgrades, we have supported the growth of our customers, mainly major Japanese companies. Believing in the potential of each individual, we aim to be a "growth engine" that maximizes the value of companies and individuals, and we will continue our pursuit of turning "work" into "creation" and making "work" fun.

*Company names, product names and service names are trademarks or registered trademarks of their respective companies.
*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.