iiSeikatsu Partners With MultiBook to Enhance Real Estate Accounting Standards

iiSeikatsu and MultiBook Join Forces to Tackle New Lease Accounting Standards

In a significant move for the real estate industry, iiSeikatsu, a leading provider of comprehensive SaaS solutions, has signed a partnership agreement with MultiBook, known for its global cloud ERP solutions. This collaboration aims to address upcoming changes in lease accounting standards that will take effect from April 1, 2027.

Background of the New Lease Accounting Standards

The new lease accounting framework imposes stringent requirements on how sublease contracts are managed. As the industry braces for this change, companies must urgently adopt solutions that allow for accurate and swift adjustment of contract data to meet these new standards. iiSeikatsu recognizes this need for transformation and is committed to providing timely and compliant solutions for its clients.

Introducing MultiBook: A Global Cloud ERP Solution

MultiBook is a robust global cloud ERP solution designed to meet the demands of the new lease accounting standard. It supports multiple languages, currencies, and accounting books, making it suitable for various industries including manufacturing, retail, dining, and construction. Over 600 companies across 35 countries, both public and private, have successfully implemented MultiBook. Its capabilities include comprehensive accounting features, logistics management, asset management, and expense reimbursement, effectively integrating financial data worldwide and bolstering cross-border business operations.

Details of the Partnership

Under the new partnership, iiSeikatsu will integrate its sublease contract information into the MultiBook platform. This integration will enable the automatic generation of journal entries that comply with the lease accounting standards, creating a seamless one-stop workflow for clients. Currently, the trial phase is underway, validating data integration from sublease contract management to accounting system entries. This automation enables user companies to leverage their existing workflows without significant overhaul, allowing for a smooth transition to compliance with the new lease standards.

Future Vision

iiSeikatsu is poised to be at the forefront of implementing these new lease accounting standards within the real estate sector. By linking its rental management cloud services with MultiBook, iiSeikatsu plans to establish a robust solution that automates accounting processes based on sublease contract data. This initiative will facilitate a seamless migration to the new accounting framework, improving efficiency and accuracy in accounting practices.

Furthermore, both companies will engage in joint promotional activities and seminars, integrating MultiBook into iiSeikatsu's service offerings to enhance accounting capabilities in the real estate industry. This partnership represents a transformative step towards addressing the changing demands of real estate accounting.

Company Profiles

MultiBook, Inc.
Founded in September 2000, MultiBook aims to solve accounting and financial challenges faced by Japanese companies as they expand internationally. The company specializes in developing cloud solutions that comply with local accounting standards, ensuring strong corporate governance and operational efficiency for its clients.
Location: 5th Floor, NMF Gotanda Ekimae Building, 1-1-8 Nishigotanda, Shinagawa-ku, Tokyo
Capital: 850 million JPY

iiSeikatsu, Inc.
Established in January 2000, iiSeikatsu focuses on providing comprehensive cloud services and platforms for the real estate market. The company is committed to quickly and flexibly adapting to legal changes and IT advancements in the real estate sector. Its mission is to create an ecosystem that promotes a comfortable lifestyle through effective real estate solutions.
Location: 3rd Floor, Kowa Hiroo Building, 5-2-32 Minamiazabu, Minato-ku, Tokyo
Capital: 628,411,540 JPY (as of March 2025)

For further inquiries about this partnership, please contact the iiSeikatsu Marketing Department at +81-3-5423-7836 (Weekdays 9:00 AM - 6:00 PM) or email [email protected].