First Accounting's "Steward / New Lease Accounting Standards" Now Available on SAP Store

First Accounting Inc. (Headquarters: Minato-ku, Tokyo; President and CEO: Keitaro Mori; hereinafter referred to as First Accounting), which aims to achieve "Accounting Singularity," is pleased to announce that its "Steward / New Lease Accounting Standards" solution is now listed on the "SAP Store," a global marketplace operated by SAP Japan Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo; President and Representative Director: Yoshitaka Horikawa; hereinafter referred to as SAP Japan).

This listing is expected to increase the recognition of our products and create new adoption opportunities among domestic and international companies utilizing SAP solutions.

Click here for the Store listing page >>

https://www.sap.com/products/financial-management/partners/fast-accountingco-ltd-steward-for-new-lease-standards.html

■ Background

The new lease accounting standards, mandatory from fiscal years beginning on or after April 2027, require the identification of leases and the determination of whether to include them on the balance sheet, including contracts previously treated as off-balance sheet items.

Consequently, many companies are facing a significant increase in workload related to comprehensive contract review, lease eligibility assessment, and ongoing asset management, making compliance an urgent management issue.

■ Solution Features

To address these challenges, First Accounting offers "Steward / New Lease Accounting Standards" and has established integration with various systems as an ecosystem.

This solution leverages First Accounting's accumulated AI technology and expertise in accounting operations to automate tasks from contract content analysis to lease eligibility determination, thereby supporting operational efficiency and advanced decision-making.

By integrating with SAP Contract and Lease Management, it significantly reduces the man-hours involved in lease determination and enables smooth data transfer from Steward to SAP Contract and Lease Management for the required data.

■ Comments from Mr. Takashi HATTORI, Chief Partner Officer, Head of Partner Ecosystem Success, SAP Japan

SAP Store is a global marketplace where customers can discover and evaluate partner solutions that integrate with SAP solutions. The listing of First Accounting's "Steward / New Lease Accounting Standards," an AI solution specialized in accounting operations that is working to improve the efficiency and sophistication of accounting for many customers, on SAP Store is expected to provide customers pursuing compliance with the new lease accounting standards with a wider range of options to consider. SAP Japan will continue to support customer business transformation and cloud utilization through collaboration with our partner ecosystem, including First Accounting.

■ Comments from Keitaro Mori, President and CEO, First Accounting Inc.

We recognize this listing on the SAP Store as a crucial step in accelerating the market deployment of our AI solution for new lease accounting standards.

While addressing the new lease accounting standards is a significant burden for many companies, it also presents an opportunity for business transformation. Through our AI technology specialized in accounting, we aim to contribute to solving these challenges.

We will continue to strengthen our partnerships to support the advancement of corporate accounting operations and contribute to long-term corporate value enhancement.

■ About First Accounting

[Achieving Accounting Singularity to Remove Constraints and Instill Confidence and Courage]

First Accounting is a company that promotes the automation and efficiency of accounting operations by realizing "Accounting Singularity." We deploy self-developed services utilizing generative AI and computer vision to the accounting departments of many large corporations and accounting vendors. By achieving "Accounting Singularity," we aim to resolve the shortage of accounting personnel and create an environment where accounting professionals can focus on strategic accounting that contributes to corporate value improvement.

Company Name: First Accounting Inc. (TSE Growth: 5588)
Location: 3F, Shiba Park Building A, 2-4-1 Shiba Park, Minato-ku, Tokyo
Established: June 2016
Representative: Keitaro Mori, President and CEO
URL: https://www.fastaccounting.jp/
Business Activities: Accounting AI Business (AI solutions specialized in accounting)
AI Module for Accounting Operations "Robota Series"
Invoice Processing Platform "Remota"
Digital Invoice Sending/Receiving Service "Peppol Access Point"

■ Inquiries Regarding This Matter

First Accounting Inc.
Contact: Public Relations Department
E-mail: press@fastaccounting.co.jp

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