Bakraku publishes newspaper advertisements nationwide titled “Make difficult routines easy”
What can you do now to avoid “invoice overtime”, which increases the work burden by 1 to 2 business days per accountant?
LayerX Co., Ltd., which aims to digitize all economic activities, has announced that its corporate expenditure management service “Bakurak” will be “very routine” in preparation for the invoice system (qualified invoice storage method) that will begin on October 1, 2023. We would like to inform you that a full-page advertisement titled “Make it Easy” was published in the morning edition of the Nihon Keizai Shimbun on September 12, 2023.
[Image 1: https://prtimes.jp/i/36528/278/resize/d36528-278-d805a0a832e50cdedf91-0.jpg&s3=36528-278-45eb8bb475850bddb7dcc6d74e90d907-1200×630.jpg] background
From October 1, 2023, the Eligible Invoice Storage System (hereinafter referred to as the “Invoice System”) will begin. With the introduction of the invoice system, which has about a month left until the start of the system, we have reduced the workload of accounting staff, such as determining whether invoices are eligible or not, checking receipts for expense settlements and corporate cards, and making journal entries accordingly. There are concerns about the increase.
On the other hand, as the system has yet to be launched, there is currently no active discussion regarding the impact of the invoice system on the productivity of the company as a whole, including how much the invoice system will increase the workload, including for employees other than accountants. There is no situation. Additionally, according to a LayerX survey, it is estimated that for companies across Japan, supporting the invoice system requires approximately 140 million hours per month, and for each accountant, approximately 1 to 2 business days (*1) per month of additional work burden. I understand. In order to eliminate this new work burden, we need not only the efforts of on-site accounting personnel, but also the understanding and drive of all employees, and ultimately the executives and managers who lead the company. Therefore, we decided to run a full-page advertisement in the Nihon Keizai Shimbun newspaper, which is widely read by managers and other core business people, with the title “Making difficult routines easy.”
*1: LayerX’s own estimate based on the estimated number of monthly invoices and receipts for each company size and the additional work required to support the invoice system.
Once the invoice system starts, employees will need to confirm the eligible invoice number when placing orders or paying expenses, and the routines they have learned so far will no longer work. In other words, the advertisement conveys that the invoice system is not just an accounting issue, but an issue that must be addressed by the entire company.
At Bakraku, we support companies all over Japan to improve their invoice handling capabilities, in conjunction with the “Corporate Invoice Response Capability Improvement Project” launched jointly with tax accountants and accounting firms across the country. Masu. -Development of newspaper advertisements-
Tokyo version (Tohoku, Kanto, Shinetsu areas)
[Image 2: https://prtimes.jp/i/36528/278/resize/d36528-278-62b08c8499730d983ac1-0.jpg&s3=36528-278-2f7111bba24a96c8a87e837f0cbd0352-1482×1999.jpg] Osaka version (Kinki, Hokuriku, Shikoku, Chugoku areas)
[Image 3: https://prtimes.jp/i/36528/278/resize/d36528-278142924BD2C60F497-0.jpg &s3=36528-278-a712A407F0B7B414277902 9c5-1482×1999.jpg]
Hokkaido version (Hokkaido area)
[Image 4: https://prtimes.jp/i/36528/278/resize/d36528-278-f5a3f1987068f99bf47e-0.jpg&s3=36528-278-34f3f226f40fe08ab38213f562f23b32-1482×1999.jpg] Nagoya version (Tokai area)
[Image 5: https://prtimes.jp/i/36528/278/resize/d36528-278-b39e9e8f1c0676cca388-0.jpg&s3=36528-278-cc25c7a9e54051019942c22a459d3a28-1482×1999.jpg] Western version (Kyushu, Okinawa area)
[Image 6: https://prtimes.jp/i/36528/278/resize/d36528-278-5dc6775c53f27f426232-0.jpg&s3=36528-278-a1dcf0f931d45e46ed8e45564d9262df-1482×1999.jpg] What is “Corporate Invoice Response Capability Improvement Project”? LayerX Co., Ltd. and tax accountants and accounting firms nationwide are collaborating to help companies across Japan respond appropriately to the invoice system (qualified invoice storage system) that will begin on October 1, 2023. This is a project launched.
We will support you in improving your “invoice handling skills” by providing “pre-invoice handling training”, training kits that allow you to experience operations after the invoice system starts, and explanatory materials to help you understand the system.
What is Bakraku?
Bakaku is a service that smoothly unifies expense management such as invoice processing, expense settlement, approval application, corporate card, etc. It also supports the Electronic Bookkeeping Act and the invoice system, achieving both operational efficiency and legal compliance.
LayerX Co., Ltd. Overview
LayerX is a SaaS+FinTech startup whose mission is to “digitize all economic activities.” Mitsui & Co. Digital Asset Management is a joint venture that aims to become a digitally native asset management company, centering on the corporate spending management service “Bakuraku.” A large-scale PrivacyTech business aims to utilize data across organizations with the privacy protection technology
“Anonify.” We develop and operate LayerX LLM Labs, which aims to commercialize knowledge utilization and efficiency within
organizations by utilizing language model (LLM) related technology. Established: August 2018
Representative: Representative Director and CEO Yoshinori Fukushima / Representative Director and CTO Yuki Matsumoto
Location: 2nd floor, Ningyocho PREX, 1-9-8 Nihonbashihoridomecho, Chuo-ku, Tokyo Capital (including reserves): 11.26 billion yen
Corporate site: https://layerx.co.jp/
Recruitment site: https://jobs.layerx.co.jp/
・Mitsui & Co. Digital Asset Management: https://corp.mitsui-x.com/ ・Anonify: https://www.anonify.layerx.co.jp/
More details about this release: