#Japan #Accounting Software #Tax Solutions #Utsunomiya #TKC

Introduction

TKC Corporation, based in Utsunomiya City, Tochigi Prefecture, has recently announced a significant milestone in its business operations. The adoption of its consolidated group solutions, specifically designed for mid-sized and large enterprises, has surpassed a remarkable 6,000 corporate groups. This achievement highlights the effectiveness of TKC’s comprehensive approach to accounting and tax solutions, which includes group taxation, electronic filing, tax effect accounting, consolidated and individual financial reporting, fixed asset management, and the management of overseas subsidiaries.

The Growing Complexity of Accounting

In recent years, corporate accounting departments, especially in listed companies, have faced increasing challenges due to the complexities and updates in accounting standards, such as lease accounting guidelines and international taxation. The necessity to enhance operational efficiency through digital transformation (DX) has never been more critical. Furthermore, the rising shortage of qualified personnel has exacerbated risks related to operational dependence on specific team members, compelling companies to adapt to rapidly changing conditions.

TKC's solution empowers organizations to respond swiftly to these evolving regulatory requirements while enhancing data collaboration between various systems, ultimately improving user convenience. Consequently, the standardization and efficiency of group accounting operations have been successfully achieved. This progressive approach has been well-received by many organizations, resulting in the notable increase to over 6,000 groups utilizing TKC's solutions.

Why the Significant Adoption?

The TKC Consolidated Group Solutions comprise an integrated cloud solution encompassing ten types of services, including group taxation systems, consolidated financial reporting, electronic tax filing, and overseas subsidiary management. Since its inception, many large enterprises have embraced these solutions, primarily leveraging services like the corporate electronic filing system 'ASP1000R' and the group taxation compliance solution 'e-TAX Group Consolidation'.

With the recent push for digitization of accounting tasks, there has been a surge in companies adopting accounting systems such as 'FX5 Cloud' and fixed asset management systems, like 'FAManager', which aligns with the new lease accounting guidelines set to take effect in 2027. The effective integration of data between systems and the consistent user experience have encouraged existing customers to expand their usage of TKC's offerings.

Feedback from user companies emphasizes the transformational impact these integrated solutions have had on productivity. One stated, "By centralizing data management, we have seamlessly integrated various tasks from daily journal entries to financial reporting and tax submissions, greatly enhancing productivity."

In addition to its strong presence among listed companies—capturing over 40% market share—TKC's solutions have also attracted interest from firms in the process of preparing for IPOs or considering public listings themselves, contributing to the achievement of this noteworthy milestone of 6,000 corporate groups.

Continued Commitment to Excellence

Looking to the future, TKC is dedicated to further enhancing the productivity and efficiency of accounting departments through continual improvements in user convenience and service offerings. The company remains committed to employing innovative strategies that address the modern needs of businesses navigating the complexities of accounting and financial regulations.

For a more detailed look into TKC’s consolidated group solutions, please visit here.

Subscription to TKC Express

Additionally, TKC offers a free email newsletter titled 'TKC Express', which provides timely updates on changes in accounting and taxation. This newsletter has surpassed 48,000 subscribers, making it a reliable source for professionals seeking accurate and updated information. TKC Express delivers:

• - Instant notifications about accurate accounting and tax information published on government websites.
• - Monthly columns written by tax professionals and certified accountants.
• - Early announcements of TKC-hosted seminars related to accounting and tax matters.

To subscribe to TKC Express, please visit here.

Company Overview

Company Name: TKC Corporation
Representative: President Masaki Iizuka
Established: October 1966
Business Scope: Providing accounting and information services for accounting offices, mid-sized and large enterprises, local public entities, and law professionals.
Website: TKC