#Japan #Tokyo #Money Forward #Cloud Accounting #GO Inc.

GO Inc. Enhances Operations with Money Forward's Cloud Products

In a significant move to boost its operational efficiency and governance, GO Inc., a company specializing in mobility solutions, has announced the introduction of several Money Forward Cloud products, including "Money Forward Cloud Accounting Plus". This strategic collaboration is aimed at supporting GO Inc.'s growth trajectory as it continues to pursue mergers and acquisitions (M&A) and expand its business across various avenues.

Background of the Implementation

With a sharp focus on the mobility domain, GO Inc. has been aggressively accelerating its multi-faceted business expansion through M&A and corporate spinoffs. As the number of subsidiaries within the GO Group grew, a pressing challenge emerged—strengthening overall governance while maintaining the agility of its subsidiaries. A well-structured system was needed to address these hurdles effectively.

Furthermore, with GO Inc. preparing for an IPO, there was an urgent need to enhance governance across the group. However, the smaller subsidiaries faced the challenge of rapidly adapting to the parent company’s rules and core systems without losing operational speed. Repeatedly establishing new accounting systems and workflows following each M&A activity was becoming burdensome. To navigate these challenges, GO Inc. required a scalable system that could maintain efficiency and accuracy in operations.

After thorough deliberations, the decision was made to implement Money Forward Cloud products due to their balancing capability of control and flexibility. The pre-existing positive experiences with the Money Forward Cloud within the group contributed to this choice, highlighting its usability and API integration benefits.

Comments from GO Inc.

Yamari Kawashima, Group Manager of Financial Management at GO Inc. and CFO of its subsidiary IRIS, commented on the strategic importance of the new system, stating:

“As a subsidiary preparing for an IPO, we needed a robust accounting foundation that maintains the momentum needed while complying with audit requirements. Money Forward Cloud, especially with the advanced features of Cloud Accounting Plus, offers the necessary control functions along with the flexibility for customization we require.”

Kawashima emphasized the critical importance of initiating transactions without the need for stringent master settings, particularly for subsidiaries established through M&A or corporate restructurings. The ability to start operations swiftly, without rigid constraints, is a vital factor for rapid growth.

Money Forward Cloud provides the ability to begin transactions flexibly at the early stages of a new business. Companies can avoid strict accounting category configurations, allowing them to focus on core operations. As their business matures, they can later refine workflows and master settings as needed, which is a standout feature of the service.

The balance of governance and operational speed is expected to enable GO Inc. to enhance the governance of the entire group without slowing the pace of establishing new subsidiaries.

About GO Inc.

Name: GO Inc.
Location: 23rd floor, Azabudai Hills Mori JP Tower, 1-3-1 Azabudai, Minato-ku, Tokyo 106-0041
Representative: Hiroshi Nakajima, President and CEO
Established: August 1977
Business Focus: Mobility solutions including dispatch systems for taxi operators
Website: GO Inc.

About Money Forward Inc.

Name: Money Forward Inc.
Location: 21st Floor, msb Tamachi, 3-1-21 Shibaura, Minato-ku, Tokyo 106-0041
Representative: Yosuke Tsuji, President and Group CEO
Established: May 2012
Business Focus: Platform service industry
Website: Money Forward

All company names and product/service names mentioned are registered trademarks or trademarks of their respective companies.