#Japan #AI Solutions #Tokyo #ProShip #First Accounting

Proship and First Accounting Partner for AI-driven Solutions

In a significant development for businesses adapting to new lease accounting standards in Japan, Proship and First Accounting have announced their collaboration to provide a robust AI solution designed to streamline lease accounting processes. This initiative comes in response to the anticipated increase in workload within accounting departments as firms prepare for the mandatory application of new lease accounting standards by April 2027.

The Solution Unveiled

Starting from May 2026, the partnership will integrate Proship's 'Lease Impact Amount Estimation Solution' with First Accounting's 'Accounting AI Agent for New Lease Accounting Standards,' paving the way for a seamless automation process. The cooperation promises to support finance departments in managing the complexities of lease contracts while ensuring compliance with the new standards.

During a joint seminar scheduled for May 21, 2026, stakeholders will be able to witness a live demonstration of this cutting-edge collaborative solution. This event titled "Listening to the Practical Responses to the New Lease Accounting Standards" aims to gather industry professionals to discuss the challenges and solutions surrounding the impending changes.

Addressing Practical Challenges

The transition to new lease accounting standards creates substantial concerns for finance professionals, notably in the areas of collecting and managing scattered contracts, the individual interpretation of leases, and the overall accuracy of impact calculations based on the revised standards. The collaboration between Proship and First Accounting seeks to address these issues decisively:

• - Identification and Assessment: The AI agent simplifies the identification and assessment of leases through advanced reading of contracts.
• - Efficient Data Integration: It ensures efficient data transfer to the Lease Impact Amount Estimation Solution, integral for accurate calculations.
• - High-precision Estimations: Businesses can expect high-accuracy impact assessments derived from the new lease accounting standards.
• - Data Preparation for Compliance: It also helps in adequately preparing lease data necessary for compliance with the new systems.

Features of the Integrated Solution

This innovative solution does not merely focus on contract identification; it extends to organizing company-specific judgment rules, managing a comprehensive contract database, and even streamlining the audit process. Key features include:
1. Customized Judgment Data: The solution allows adaptability to specific company policies and requirements for flexible decision-making.
2. Accurate Database Establishment: It focuses on storing precise judgment information based on contracts rather than mere asset data.
3. Visual Data Representation: Financial departments can visualize data from various perspectives, enhancing quick decision-making.
4. Audit Preparation Tool: The solution offers a question flowchart that enhances transparency and reliability in audit operations by documenting the judgment process.

Leadership Insights

Tsukasa Suzuki, President of Proship

"Our mission at Proship is to leverage our expertise in fixed asset and lease management to support companies in navigating the challenges presented by the new lease accounting standards. With the looming deadline, the pressure on finance departments is unprecedented. By combining practical AI-powered solutions with our extensive experience, we aim to lighten the operational burdens and improve decision-making in this complex area."

Keitaro Mori, President of First Accounting

"We are excited to collaborate with Proship, combining our Accounting AI Agent with their impact estimation solution. As businesses face increasing complexities within finance, the integration of AI can facilitate not only reductions in workload but also improvements in decision quality and audit readiness. We envision this partnership propelling the digital evolution of accounting operations."

About Proship

Founded in 1969 and headquartered in Chiyoda, Tokyo, Proship focuses on providing specialized services in fixed asset management. Their flagship product, ProPlus, has been implemented in over 5,500 enterprises across various industries, establishing them as a leader in the sector.

About First Accounting

Established in 2016, First Accounting focuses on automating and optimizing accounting functions through generative AI and computer vision technologies. Their approach addresses the increasing intricacies of accounting and helps alleviate the labor shortage in finance departments.

For further inquiries about this initiative, please reach out to Proship's Systems Sales Division via email at [email protected] or visit their website: Proship.