NTT West Japan has introduced "Biz∫ Accounting" as a management accounting system.

NTT West Japan has introduced "Biz∫ Accounting" as a management accounting system. This system is designed to support management analysis and consolidated financial statements for the entire group.


●Effects


〇Improved business efficiency

By unifying the accounting systems of each group company, business operations are standardized and streamlined. This has reduced costs and improved the quality of business operations in accounting and finance.


〇Strengthened internal control

By centralizing the management of financial information, internal control is strengthened, and it is expected that fraud prevention and errors will be reduced.


〇Quick decision-making

It enables the rapid provision of management information and multifaceted analysis, supporting management decision-making.


●Challenges


〇Division and overlap of business operations

There are divisions and overlaps between business areas, and there are some areas where double input and transcription checks are required.


〇Increased burden on staff Due to the increase in global correspondence work and diversification of business, the burden on staff in the finance area is increasing.


〇Remote work support

As remote work becomes the norm due to the COVID-19 pandemic, the creation of an environment for remote and digital accounting processing, settlement, and audit procedures is an issue.

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