Multibook Implements Global AI ERP "multibook" for Abeam Consulting to Comply with New Lease Accounting Standards

Multibook Inc. (Headquarters: Shinagawa-ku, Tokyo; President: Manabu Watanabe; hereinafter "the Company"), provider of the Global AI ERP "multibook", is pleased to announce that Abeam Consulting Ltd. (Headquarters: Chuo-ku, Tokyo; President: Takahiro Yamada; hereinafter "Abeam Consulting") has implemented the cloud ERP "multibook" to comply with the new lease accounting standards.

About Abeam Consulting

Abeam Consulting is a comprehensive management consulting firm that provides tailored global services through its overseas network, primarily in Asia. With approximately 9,700 professionals possessing specialized knowledge and extensive experience in areas such as strategy, BPR, IT, organization/HR, and outsourcing, they offer a wide range of consulting services to companies and organizations in fields including finance, manufacturing, distribution, energy, information and communications, and the public sector. Abeam Consulting contributes to the transformation of companies and society as a creative partner that co-creates the future with businesses and organizations, leading them to tangible results.

Background of Implementation

The new lease accounting standards will be applied from the beginning of the consolidated accounting year and business year starting on or after April 1, 2027, for listed companies, etc.

Abeam Consulting was considering establishing a system that could integrate lease-related data from domestic and overseas bases and manage it consistently from aggregation to reporting, in order to ensure efficient and effective compliance with the new standards.

In addressing this, it was necessary to comprehensively consider the lead time until go-live, initial implementation costs, journal entry integration with existing accounting systems, and foreign currency support.

Reasons for Selecting "multibook"

After comparing multiple solutions, Abeam Consulting adopted "multibook". The main evaluation points are as follows:

Foreign Currency Support "multibook" supports foreign currency management. Abeam Consulting highly valued this aspect, as it assumes lease asset management at both domestic and overseas bases.

Implementation Speed and Cost Balance

As a cloud service, "multibook" allows for short implementation times, and the ability to plan a schedule that would meet the go-live deadline was a key factor in the adoption decision.

Furthermore, its design, which ensures scalability while focusing on essential functions, was highly appreciated for its balance between initial investment and operating costs.

Centralized Management of Lease Information Across Bases and Journal Entry Integration with Existing Systems

"multibook" was highly rated for its ability to integrate lease-related data from domestic and overseas bases and manage it consistently from aggregation to reporting.

Additionally, the clear definition of the approach for outputting journal entry data in a format compatible with the existing accounting system's journal entry format, after organizing the requirements, further supported the adoption decision.

Future Outlook

Abeam Consulting plans to promote compliance with the new lease accounting standards using "multibook" and to establish an operational framework for collecting, aggregating, and reporting lease information from domestic and overseas bases.

The Company will continue to support Abeam Consulting's compliance with the new lease accounting standards, including business design, data preparation, and operational adoption.

Overview of Global AI ERP "multibook"

Complies with the new lease accounting standards, which will be mandatorily applied from the business year starting on or after April 1, 2027.

A Global AI ERP that pursues speed: fast implementation, fast processing, fast resolution.

Supports 12 languages, multiple currencies, and multiple ledgers, seamlessly integrating global bases. It has been implemented in over 750 companies in 40 countries, from listed to unlisted companies, across various industries such as manufacturing, trading, food service, and construction.

Main Functions: Accounting, Logistics, Fixed Asset Management, IFRS Lease Asset Management, New Lease Accounting Standards, Expense Reimbursement, Management Cockpit, BPO Cockpit, External Integration (Consolidated Accounting, Warehouse Management, etc.) Functions

Service Name: "multibook"

URL: https://www.multibook.jp/

*12 Supported Languages:

Japanese, English, Thai, Vietnamese, Korean, Myanmar, German, French, Spanish, Chinese (Traditional/Simplified), Indonesian

Company Profile of Abeam Consulting Ltd.

Company Name: Abeam Consulting Ltd.

Representative: Takahiro Yamada, President and Representative Director

Established: April 1981

Headquarters: Yaesu Central Tower, Tokyo Midtown Yaesu, 2-2-1 Yaesu, Chuo-ku, Tokyo

Business Activities:

Management Consulting (Business Diagnosis, Strategy Planning, M&A, Alliances)

Business Process Consulting (Business Reform, Organizational Reform, Outsourcing)

IT Consulting (IT Strategy, Planning, System Development, Package Implementation, Maintenance)

Outsourcing

URL: https://www.abeam.com/jp/ja/

Company Profile of Multibook Inc.

Company Name: Multibook Inc.

Representative: Manabu Watanabe, President and Representative Director

Established: September 2000

Headquarters: 5F, NMF Gotanda Ekimae Building, 1-1-8 Nishi-Gotanda, Shinagawa-ku, Tokyo

Overseas Offices: Singapore, Thailand, Philippines

Business Activities: Planning, Development, and Provision of Global AI ERP Service "multibook", etc.

URL: https://www.multibook.jp/