Enhancing Financial Management Precision with COURAGEUX by IDS: A Decade of Growth

A Decade of Innovation: How COURAGEUX Revolutionized Financial Management for Hibino

In an era where financial accuracy and agility are paramount, IDS Corporation, headquartered in Oshu, Iwate Prefecture, proudly announces a 10-year successful partnership with Hibino Inc., a leading audio-visual solutions company based in Minato, Tokyo. The core of this partnership lies in the implementation of the financial management system, COURAGEUX (クラージュユーエックス), designed specifically for managing loans and borrowings, transforming Hibino's financial management precision and speed.

The Challenges Before COURAGEUX

Before the introduction of COURAGEUX, Hibino faced several challenges in their financial management operations:

- Complex data management: Handling multi-currency transactions and intra-group loans resulted in an overly complicated Excel-based system, leading to excessive labor in verification and reconciliation tasks.
- Individual-specific decision-making: Quarterly currency conversions and assessments for determining long and short-term classifications often relied on individual discretion, which introduced inconsistencies and errors.
- Time-consuming reporting: Creating financial statements and audit documentation involved redoing tasks in Excel, making it difficult to balance speed and accuracy.

The Impact of Introducing COURAGEUX

The deployment of COURAGEUX marked a significant turning point in Hibino's financial operations. The key advancements include:

- Streamlined processing: The system allows for effortless processing of multi-currency transactions and parent-child loan management, significantly reducing daily operational burdens.
- Automation of journal entry generation: By automating specific processes, COURAGEUX has minimized the risk of transcription errors and halved the monthly workload.
- Efficient report generation: Most of the financial documents required for audits can now be produced directly from the system, enhancing the accuracy, speed, and comprehensibility of the reports.

Insights from Hibino's Management

Hibino's representatives have shared their thoughts on the evolution of their financial management since adopting COURAGEUX:

“We recognized the limitations of Excel while managing the intricate details of multi-currency and parent-child loans. Post-implementation of COURAGEUX, we now have a system intimately tailored to our operational needs, enabling accurate handling of complex processes without hesitation. The automated journal entry feature has significantly reduced our monthly working hours and eliminated transcription errors. Moreover, the efficiency gained in preparing financial statements and conducting audits has made collaboration with audit firms much smoother. We are immensely grateful for IDS's prompt and effective support; COURAGEUX has become an indispensable partner in our financial management. It's incredible to witness its evolution over the past decade, and we look forward to future enhancements.”

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About COURAGEUX Financial Management System

COURAGEUX is a cloud-based financial management platform designed for loan and borrowing management. Beyond individual corporate needs, it provides visibility over the entire group's capital flow, accommodating diverse financial products such as syndicated loans and corporate bonds. With COURAGEUX, businesses can advance their financial operations amid fluctuating capital procurement and forecasting demands. Furthermore, its seamless integration with accounting systems promises substantial operational efficiency. As a subscription-based model, COURAGEUX offers a forward-looking financial management foundation.

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About IDS Corporation

Established in March 1978, IDS Corporation, with over 30 years of experience in logistics, specializes in system development, sales, and maintenance. With a foundational knowledge drawn from various industries, the company excels in delivering self-developed solutions, including COURAGEUX, alongside ERP packages that cover sales, implementation, and support. The commitment to ensuring customer satisfaction remains at the heart of IDS's mission.