TOKIUM, a provider of AI accounting agents (Headquarters: Chuo-ku, Tokyo; CEO: Kenichi Kurosaki, hereafter 'TOKIUM'), announced that Exection (Headquarters: Minato-ku, Tokyo; Chairman: Nobunobu Sato, President: Susumu Yamamoto, hereafter 'Exection') has implemented 'TOKIUM AI Expense Approval'.
Background Exection is a group company of Power Solutions Inc., listed on the Tokyo Stock Exchange Growth Market, and provides IT solutions including software development and infrastructure construction. Previously, when approving reimbursement expenses, primary approvers manually checked various items, such as the presence of attached documents, consistency between participant information/receipts and application details, and the accuracy of expense items. Because rules for checking varied by department, the process was dependent on the experience and knowledge of individual staff members.
Key Reasons for Adoption TOKIUM AI Expense Approval automates initial approvals by having the AI check all items based on internal regulations. The system flags errors with reasons and handles rejections, eliminating the need for approvers to communicate individually with applicants.
Comment from Mr. Susumu Yamamoto, President of Exection 'Although the final approval for expenses is handled by the accounting manager, the accounting department had to re-verify items already checked by primary approvers, creating a long-standing issue of duplication and heavy workload. Since adopting TOKIUM AI Expense Approval, the AI performs highly accurate checks, which we expect will reduce the annual workload for expense approval by about 100 hours. Furthermore, by displaying AI check results in the timeline of the approval flow, applicants can understand the appropriateness of their requests, leading to more consistent approval quality and improved application skills. We intend to continue promoting automation using AI to build an environment where all employees can focus on core tasks.'
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- Source: PR TIMES
- Category: News