First Accounting's AI platform Steward supports Japan Airlines in complying with the new lease accounting standards. AI handles contract review and lease determinations, while integration with ProPlus+ streamlines operations from contracting through management.
First Accounting announced that Japan Airlines had adopted Steward, its in-house-developed AI business platform, for the new lease accounting standards. JAL plans to establish business processes to comply with the new lease accounting standards.
Steward extracts required information from contracts and assists in identifying and assessing transactions that qualify as leases. This enables staff without specialized knowledge to perform tasks based on consistent criteria and is expected to reduce the burden of lease-related verification work.
The system is designed to link lease information to lease management through ProPlus+ after the contract review and assessment process, creating a framework to streamline the workflow from contracting through management. The combination of Steward and ProPlus+ aims to provide ongoing support for lease accounting operations.
Proship's ProPlus+ is a SaaS-based solution for compliance with the new lease accounting standards, with more than 1,000 companies having adopted it within approximately 1.5 years of launch. First Accounting plans to further strengthen this integration and continue promoting the digitalisation and efficiency of accounting operations.