MIRARTH Holdings Deploys 'HUE' to Unify Group Accounting, Strengthening Management Accounting and Governance

Works Applications Co., Ltd. (HQ: Chiyoda-ku, Tokyo; CEO: Osamu Hata) announced that its cloud ERP 'HUE' for large enterprises has gone live as the accounting foundation for MIRARTH Holdings, Inc. (HQ: Chiyoda-ku, Tokyo; Representative Director: Kazuichi Shimada). MIRARTH Holdings will standardize its accounting foundation across the entire group to facilitate future business expansion, strengthen management accounting, and improve governance.

[Background] Toward Group-wide Accounting Centralization MIRARTH Holdings, which develops diversified businesses such as real estate, energy, and asset management, previously faced challenges in managing financial information due to fragmented accounting systems across its group companies. Furthermore, many tasks relied on paper and Excel, placing a significant burden on the accounting department, necessitating a review of the accounting foundation. Following a comparative study, 'HUE' was selected for its design tailored to Japanese business customs and standard functions that reduce future operational burdens by minimizing custom development.

[Expected Effects] Governance Strengthening and Operational Efficiency With the introduction of HUE, accounting data from group companies is consolidated into a single system. Centralized management and visualization of financial information will improve the accuracy of management accounting and strengthen group-wide governance. In particular, it enables accurate tracking and real-time confirmation of performance by business segment, which is expected to accelerate and improve the precision of management decisions. In the accounting department, tasks previously handled manually or via Excel will be significantly reduced, leading to reduced workload and increased productivity.

[Comment from Mr. Ken Yasuda, Executive Officer, General Manager of Group DX & VX Strategy Department, MIRARTH Holdings, Inc.] "As we expand our business, unifying the accounting and financial systems that were separated by group company was an urgent task. Operating based on standard functions minimizes future burdens such as version upgrades. Furthermore, by leveraging AI features, we expect to lower the barrier for users who do not deal with numbers daily by providing them with current status awareness and suggestions. Moving forward, we aim to deploy HUE across the entire group to realize further governance enhancement and operational efficiency."

[About HUE] HUE is an AI-driven Platform developed for large Japanese enterprises. It continues to evolve based on customer feedback, supporting a wide range of business requirements across industries. Comprised of HUE Composable ERP, HUE Business Platform, and HUE Data Platform, it provides a business and data foundation built for AI utilization, backed by a track record of implementation in over 2,500 companies. The five products MIRARTH Holdings has started operating are: - Financial/Management Accounting System: 'HUE Financials & Strategy' - Accounts Payable/Receivable System: 'HUE Accounts Payable/Receivable' - Treasury Management System: 'HUE Treasury' - Fixed Asset Management System: 'HUE Asset' - Expense Settlement System: 'HUE Expense'

[About Works Applications] Founded in 1996 as Japan's first ERP package vendor, Works Applications has supported the growth of domestic large enterprises through innovative solutions such as no-customization and free version upgrades.