Payment Reconciliation System 'V-ONE Cloud' Launches API Integration for Sales Journal Entries with 'Money Forward Cloud Accounting Plus'

R&AC Co., Ltd. (Chuo-ku, Tokyo; President: Hideomi Tachikawa; hereafter "R&AC") has released an API function that allows its payment reconciliation system, "V-ONE Cloud," to integrate sales journal entries directly into "Money Forward Cloud Accounting Plus," a cloud accounting software provided by Money Forward, Inc. (Minato-ku, Tokyo; President and CEO: Yosuke Tsuji; hereafter "Money Forward").

Overview of New Features

With this integration, sales journal entries can now be automatically synced from "V-ONE Cloud" to "Money Forward Cloud Accounting Plus."

This is expected to reduce the burden on accounting staff who previously had to manually enter journal entries into the accounting system, while also improving operational accuracy.

Moving forward, "V-ONE Cloud" will continue to promote integration with various peripheral accounting systems, including accounting and sales management software, to contribute to improved back-office productivity through enhanced payment reconciliation and accounts receivable management.

About R&AC's "V-ONE Cloud"

"V-ONE Cloud" is a cloud service specialized for payment reconciliation tasks.

Within accounts receivable management, payment reconciliation is often complicated by various payment methods, consumption tax, and bank fees, leading many companies to rely on manual, analog processes such as visual checks, manual entry, and spreadsheet software. This often results in double-entry errors and manual input mistakes. Furthermore, reconciliation requires high accuracy within a short timeframe between the payment date and the closing date.

"V-ONE Cloud" utilizes AI (machine learning) to significantly streamline reconciliation tasks that are typically prone to manual errors. In addition to reducing the workload through more efficient payment and collection processes, it helps improve the accuracy of accounts receivable management, enables early identification of outstanding receivables, and facilitates faster collection.