JACCS CO.,LTD. announced that it will consolidate management of its fixed asset register and processing of lease contracts using Money Forward’s cloud products. The initiative is intended to establish a framework for adopting the new lease accounting standards.
JACCS CO.,LTD. announced that it has switched its fixed asset management and lease accounting operations to a combination of Money Forward Cloud Fixed Assets and Money Forward Cloud Lease Accounting. The company explained that integrating the cloud systems is intended to reduce the administrative burden of registering fixed assets and closing the books monthly, as well as managing lease contracts, and to facilitate its response to the new lease accounting standards.
The background to the decision included the burden of making complex configuration changes and correcting data when using the company’s existing on-premises fixed asset management system. The company had also been considering an operating model suited to the scale of its operations. It already used cloud consolidation accounting and decided to adopt the products after assessing their ease of use, ongoing updates and the consolidation of its support contacts.
The implementation establishes a framework for handling the entire process, from lease contract management through accounting treatment. The consistency of the screen layouts and user experience was also a factor in the decision. Going forward, the company plans to explore an operating model that reflects the needs of its personnel while taking advantage of ongoing updates to the cloud products.
The products covered are Money Forward Cloud Fixed Assets and Money Forward Cloud Lease Accounting, which are intended, respectively, to improve the efficiency of fixed asset management and support adoption of the new lease accounting standards.