MNTSQ, Inc. (HQ: Chuo-ku, Tokyo; Representative Director: Ryuhei Itaya, hereafter 'MNTSQ'), provider of the contract platform 'MNTSQ CLM', announces the addition of a 'Counterparty Management' feature to 'MNTSQ CLM' (Contract Management/Case Management/Database).
This update establishes a mechanism for automated integration with the National Tax Agency's (NTA) corporate master data, ensuring that the latest corporate information is automatically reflected. Simultaneously, it allows users to register, merge, or delete counterparty information freely when needed. This enables swift responses to organizational changes, mergers, and name changes, further improving the precision and speed of contract management operations.
Feature Overview
1. Counterparty Registration and Automated Updates from Corporate Master Users can register counterparties by pulling information from a corporate master that includes all corporations in Japan with a corporate number. Through automated integration with NTA master data, the latest information, such as name changes, is automatically reflected. Former names are retained as aliases, meaning contracts can be found using either the old or new name even if the user is unaware of the name change, preventing search misses. Address information is displayed in registration and search screens to facilitate identification of corporations with similar names.
2. Counterparty Groups Multiple counterparties can be linked as a group, allowing cross-contract/case searching by group. Counterparties without corporate numbers, such as hospitals or schools, can also be collectively searched as groups.
Counterparties can be organized from various perspectives suited to business operations, such as by subsidiary, medical/educational corporation, industry/sector, country/region, agency, or project. For example, managing medical or educational corporations with multiple facilities under one group, or grouping overseas entities by country/region, enables quick identification of contracts affected by regulatory changes. This is highly useful for companies with numerous counterparties and group companies in industries such as banking, manufacturing, insurance, construction, and IT.
3. Registration of Aliases and Abbreviations Users can register English names or former company names as aliases (used for contract analysis and search) or internal names as abbreviations (used only for searching).
4. Merging Counterparties Two counterparties can be merged into one, useful for instances like mergers or name changes. Aliases, abbreviations, and linked contracts are automatically inherited by the target counterparty. In cases where identical company names are registered in error, users can identify the correct target using address information and merge the entries themselves.
FACT BOX
- Source: PR TIMES
- Category: New Product
- Products / services: MNTSQ CLM