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Streamlining Operations at Nakagawa Masashichi Shoten with Money Forward Cloud

In a significant move towards modernization, Nakagawa Masashichi Shoten has officially integrated several products from Money Forward Cloud into its operations. This initiative is poised to enhance the efficiency of the company's back-office functions and strengthen its internal controls, ultimately contributing to its long-term growth.

The products in focus include:

• - Money Forward Cloud Accounting Plus
• - Money Forward Cloud Expenses
• - Money Forward Cloud Payroll
• - Money Forward Cloud Year-End Adjustments

A Background of Change

Established over 300 years ago, Nakagawa Masashichi Shoten operates about 60 direct retail stores across Japan. The company is engaged in various ventures, including exhibitions, specialized management consulting, educational programs, and support for local industries. However, with rapid business expansion, the need to refine back-office operations and expedite digital transformation has become critical.

The previous accounting system was outdated, and the existing attendance and payroll systems did not align with the company's growth trajectory. Additionally, relying on a paper-based expense reimbursement process was contributing to an increased workload, prompting the need for change.

From these challenges, the Back Office DX Promotion Project was launched to foster the digital transformation of internal processes. The selection criteria for a new system emphasized compatibility and user-friendliness, and ultimately led to the decision to implement Money Forward Cloud, which provided secure internal controls and the ability to integrate with existing attendance management systems and financial institutions.

Voices from Nakagawa Masashichi Shoten

Hirobi Kameguchi, Corporate Planning Office

“The connectivity features of Money Forward Cloud are outstanding. The ability to import CSV files, integrate through APIs, automatically retrieve information from financial institutions, and sync seamlessly with our payroll system is impressive. Additionally, the prompt adaptation to legal changes instills confidence in its usability. Despite our company’s long history, we have rapidly expanded in the last two decades. By continuing our focus on systematization, we aim to flexibly respond to our evolving internal frameworks and allocate more time to core operations for the betterment of the company.”

Sakana Morioka, Labor Management

“The implementation of Money Forward Cloud has significantly reduced the time we used to dedicate to labor-related tasks. Looking ahead, we plan to utilize AI for automation, allowing us to focus more on identifying essential issues. Money Forward has been receptive to our feedback, actively integrating our requests into their functionality, and we anticipate further improvements in usability.”

Manami Sawamoto, Accounting Management

“I find the user interface of Money Forward Cloud to be quite user-friendly. It allows for intuitive operation, so even inexperienced or less experienced staff can navigate it easily, which ensures smooth usage among our store staff. The ability to link accounting and expense categories during setup is particularly helpful and straightforward.”

About Money Forward Cloud

Money Forward Cloud is a SaaS platform that integrates a variety of back-office data, streamlining tedious tasks related to accounting, HR, and legal compliance for businesses.

For more information, visit Money Forward.

About Nakagawa Masashichi Shoten

• - Name: Nakagawa Masashichi Shoten Co., Ltd.
• - Location: 1112-1 Higashi-Kujō-cho, Nara City
• - CEO: Ayako Senju
• - Established: November 30, 1983 (Founded 1716)
• - Business: Manufacturing and retail of lifestyle goods, management consulting, and educational support for local industries.

For more information, visit Nakagawa Masashichi.

About Money Forward

• - Name: Money Forward, Inc.
• - Location: 21F, msb Tamachi, 3-1-21 Shibaura, Minato, Tokyo
• - CEO: Yousuke Tsuji
• - Established: May 2012
• - Business: Service platform provider.

For more information, visit Money Forward Corporate.

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