80-Year-Old Energy Transport Giant Japan Oil Transportation Adopts TOKIUM AI Invoice Entry

TOKIUM Inc. (Headquarters: Chuo-ku, Tokyo; CEO: Kenichi Kurosaki; hereinafter 'TOKIUM'), a provider of accounting AI agents, announces that Japan Oil Transportation Co., Ltd. (Headquarters: Shinagawa-ku, Tokyo; President and Representative Director: Shoichiro Hara; hereinafter 'JOT') has adopted TOKIUM AI Invoice Entry.

■ Background

At JOT, for payment processing, staff in each department were entering journal entries for invoices, which were then reviewed and corrected by the accounting department. The company processes over 600 invoices per month, and this was a significant burden on the staff of each department to meet deadlines.

■ Reasons for Selection

The deciding factor was the AI's ability to read invoice details and automatically enter journal entries, including accounts and departments. This not only reduces the input workload for staff in each department but also improves input accuracy over time as the AI learns from corrections, thereby reducing the workload for the accounting department as well.

Furthermore, the fact that it offers faster processing speeds compared to BPO and can be used immediately without significant implementation effort also supported its adoption.

■ Expected Effects

By implementing TOKIUM AI Invoice Entry, JOT expects to reduce its annual workload by approximately 90 hours. The company plans to gradually expand its use and intends to roll it out to group companies in the future.

■ Comment from Mr. Takuma Teramoto, JOT Accounting Group, Accounting Department, Japan Oil Transportation Co., Ltd.

With invoices concentrating around the closing date, we spent a lot of time on the process from checking invoices to entering and approving journal entries. We chose the AI agent because it could be implemented as an option for TOKIUM Invoice, and we felt we could quickly realize the benefits of operational efficiency. Since the AI learns from corrections and reflects them from the next time, I can feel the accuracy improving as we continue to use it, and I have high hopes for its future learning effects. We will start by gradually expanding the scope of implementation from specific business partners, with the aim of eventually deploying it to our group companies.

■ About the Accounting AX Project

This project was launched with the aim of liberating people from all accounting 'tasks'. It aims to create an environment where everyone can focus on the work they should be doing by automating the analog tasks remaining in accounting operations with AI. Not limited to the development and provision of AI agents, we will promote Accounting AX through fact-finding surveys, case studies, and webinars.
For details: https://prtimes.jp/main/html/rd/p/000000432.000009888.html

■ About the Accounting AI Agent 'TOKIUM'

The accounting AI agent 'TOKIUM' is a service where AI, professional staff, and a cloud system are highly integrated, autonomously making decisions and executing tasks like a single employee to automatically complete a company's accounting operations. It frees business professionals from routine tasks such as arranging business trips, approvals, data entry, and verification.
URL: https://www.tokium.jp/