UPSIDER releases white paper summarizing content to support
decision-making in accounting department due to freee accounting plan revision
*View in browser* *UPSIDER Co., Ltd.*
Press release: February 29, 2024
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UPSIDER releases white paper summarizing content to support
decision-making in accounting department due to freee accounting plan revision
*Aggregation of information such as responses required of the accounting department, possible options, and points to consider* * UPSIDER Co., Ltd., which provides services used by over 35,000 companies (Representative Directors: Toru Miyagi, Tomoki Mizuno, Headquarters: Minato-ku, Tokyo, hereafter
In response to the plan revision announced by Free Co., Ltd., which provides “freee accounting,” on February 26th, we have released content to support decision-making, including the responses accounting departments should take and points to consider when selecting services. We would like to inform you that we have produced and published a white paper summarizing the following.
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Anyone can download the white paper free of charge from the URL below.
Our company sympathizes with the vision of “freee accounting,” which has been promoting operational efficiency in the accounting
department, and would like to work with everyone in the accounting department to promote smoother operations.
・White paper download URL: https://bit.ly/3uImi1R
*You can view it without needing to fill out a form or register as a user. *Total number of companies that have introduced the corporate card “UPSIDER” and the business deferred payment service “Payment.com,” as of the end of December 2023.
*About the content of the white paper*
The white paper comprehensively summarizes the information needed by the accounting department to make decisions, including the impact on the accounting department due to this revision of the “Freee Accounting” plan, necessary responses, possible options, and points to consider. It has become.
Personnel and decision-makers in corporate departments of companies, including accounting departments, will be able to smoothly select future services and plans based on the content of this white paper.
・White paper download URL: https://bit.ly/3uImi1R
*You can view it without needing to fill out a form or register as a user. *Introducing supervisors and comments*
* -WACUL Co., Ltd. Finance & IR Group Manager and Internal Audit Office Manager/Small and Medium Enterprise Consultant Shunsuke Tanaka- *
Recently, management departments have had more opportunities to consider introducing services than before due to an increase in the number of cloud service options and an increase in opportunities to consider switching to another service due to plan revisions from service providers. I think there are many people who feel this way. When considering implementation, I recommend 1. User-first (can employees use it intuitively?), 2. Implementation experience at other companies in the same industry (implementation experience at startups that are in a more advanced round than our company) ). For example, when introducing an expense settlement system, we check to see if the UI and UX are easy for the applicant to understand, and if controls are in place to withstand preparations for listing.
The white paper released this time also introduces various
considerations, so I hope you find some of them useful in your own company.
* ■Profile: * Director of Finance & IR Group at WACUL Co., Ltd. (TSE Growth: 4173)
Director of Internal Audit Office. Small and Medium Enterprise Management Consultant (registered in April 2020). Born in 1991. After gaining experience in accounting and finance, listing preparation, subsidiary management, and stock-related work at multiple startup companies, he is currently in charge of budget management, disclosure, legal affairs, and internal auditing. Since 2018, as a private business, we have been specializing in startup companies from the founding stage to the N-3 stage, providing support for creating management department structures, system implementation, and financing such as borrowing from financial institutions and capital increases. ・WACUL Co., Ltd. corporate site: https://wacul.co.jp/
* -ZUNDA Co., Ltd. Representative Director Sho Sawada- *
When choosing a cloud service, it is important to consider not only the cost and man-hours involved in implementing it, but also the return on business productivity and sales.
Due to the plan revisions announced this time, you may be required to pay more for the service or upgrade to a higher plan. On the other hand, you may be able to enjoy benefits such as improved operational efficiency with a new plan.
At ZUNDA, we support the information systems department of small to medium-sized and growing companies that actively utilize technology through the introduction and sale of cloud services. By taking advantage of the advantage of handling cloud services with multiple vendors, we support our customers in making choices that are of intrinsic value to them.
* ■Profile: * ZUNDA Co., Ltd.
Representative Director and President. Born in 1985. While studying at the Faculty of Environment and Information Studies at Keio University, he worked as an engineer at multiple IT startups from launch to exit, and established the Internet Plus Research Institute in 2018 with the theme of social implementation of the Internet. In 2020, ZUNDA Co., Ltd. was established to support the information systems departments of small and medium-sized enterprises.
・ZUNDA Co., Ltd. Corporate Site: https://www.zunda.co.jp/
* -Akiyuki Niwa, UPSIDER Treasury & Finance Control Co., Ltd.- * Various business improvement services have been created and are being improved day by day, which means that the options available to you as an accountant are increasing, which is a good thing. On the other hand, deciding which service is best for your company is always a difficult problem, and it is important to consider the added value of each company’s services in terms of functionality, ease of use, operational costs, and what your company wants to achieve. It is important to have solid decision-making criteria.
Regarding this freee accounting plan revision, we first need to consider what kind of impact it will have on accounting practices and what options are available. We hope that this white paper will be of some help to accounting departments and accountants.
* ■Profile: *
At PwC Arata LLC, he belongs to the financial audit department and is engaged in accounting audit work for banks, securities companies, and investment banks, as well as advisory work on internal control, legal compliance, and operational efficiency. Co-Head at Gojo & Company Co., Ltd.
After working as the head of finance and accounting at Kyash Co., Ltd., he joined UPSIDER in September 2023. United States Certified Public Accountant (USCPA).
* -Naoaki Kuriyama, Corporate Partner, UPSIDER Co., Ltd.- *
Companies that have been working on reducing and automating their accounting work by using freee accounting and leveraging functions that link with external services such as corporate cards and invoice reception will be greatly affected by this freee accounting plan revision. You will receive it. If you choose a plan that does not allow you to use plan-only apps, there is a possibility that accounting operations will change, resulting in increased man-hours and processing errors. A comparative study is required. We hope you will find this white paper helpful in your decision-making.
* ■Profile: * After working at Juroku Bank and Gifu Prefectural Office, engaged in audit work and IPO support work at Tohmatsu Limited Liability Audit Corporation. Then NOT A
Engaged in a wide range of corporate affairs, mainly accounting, at HOTEL Co., Ltd. Participated in UPSIDER from January 2024. Certified public accountant.
*About the background of our company publishing the white paper* With the mission of “creating a global financial platform that supports challengers,” our company provides financial services such as the corporate card “UPSIDER” (hereinafter referred to as UPSIDER). UPSIDER has multiple functions that link with external accounting software, including “freee accounting”, and many UPSIDER users use the link function to synchronize journal entries and voucher data with external accounting software with one click. I am using it. This revision of the “freee accounting” plan includes restrictions on the use of API collaboration, and we received many consultations and questions. Based on this background, we thought that organizing and sharing information widely could support not only UPSIDER users but also the accounting departments of many companies, which led us to create and publish this white paper.
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We respect Freee Accounting, which has promoted operational efficiency in accounting departments, and sympathize with its vision.As a financial service provider that provides value to everyone in accounting departments, we would like to work with We would like to promote the smooth operation of everyone in the department and contribute to everyone’s corporate activities. *
*About the corporate card “UPSIDER”*
UPSIDER is a corporate card that solves financial issues such as usage limits and accounting processing. In particular, the usage limit of up to 1 billion yen or more (prepayment / deferred payment), virtual card issuance and management function, and SaaS function that helps speed up accounting processing are popular.*
There are over several thousand companies actively using the service, the continued usage rate is over 99% (as of the end of February 2024), and the cumulative payment amount has exceeded 250 billion yen (as of the end of December 2023). *
Service page
Additionally, the number of listed company customers is rapidly increasing. In addition to payment, we also handle pre-payment procedures such as restricting usage destinations, setting upper limits, and requesting a request for approval, as well as immediately reflecting usage history on the management screen after payment, collecting and linking evidence, linking to request for approval, and linking with Slack. It has been well received for its wide range of integrated functions such as notifications and submission of evidence, making it possible to safely operate corporate cards. For listed companies where governance and accountability are important, this service can help tighten company-wide expense management, simplify expense settlement operations, and speed up accounting processing. *About the services we provide*
With the mission of “creating a global financial platform that supports challengers,” our company provides the corporate card “UPSIDER” and the business deferred payment service “Payment.com.” Both services are used by 35,000 companies. (as of the end of December 2023).
“Payment.com”, which targets sole proprietors and corporate
businesses, is jointly operated with Credit Saison Co., Ltd., and allows users to make all bank transfer payments for transactions between companies using their credit cards. This is a payment service. Users can improve their cash flow by extending payments until the day their credit card is debited. Users do not need to submit any documents, interview, or review.
Payment.com
Additionally, in September 2023, we released a new AI chat-type business tool, “UPSIDER Coworker.” Slack and Microsoft
By linking with chat tools such as Teams, AI and humans automate almost all card-related tasks.
UPSIDER Coworker
Furthermore, we have established a subsidiary, UPSIDER Co., Ltd., to provide financing to venture companies in the growth stage and beyond. Capital” was established in May 2023. In November 2023, we will launch UPSIDER as a joint venture with Mizuho Financial Group, Inc. UPSIDER BLUE DREAM, a debt fund for startups managed by Capital We announced the operation of “Fund”. The first fund, with a total of 10 billion yen, will provide an unprecedented debt procurement environment for growth-stage startups.
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Our company has evolved from “a company that provides UPSIDER,” a corporate card that supports growing companies, to “an AI-powered comprehensive financial institution that creates Japanese companies that can compete in the world and supports Japan’s competitiveness once again.” We will continue to evolve.
UPSIDER Co., Ltd.
・Company name: UPSIDER Co., Ltd.
・WEB:
Corporate card “UPSIDER”: https://up-sider.com/
Bill card payment service “Payment.com”: https://shi-harai.com/ AI chat-type business tool “UPSIDER Coworker”:
https://ai-coworker.up-sider.com/
“UPSIDER BLUE DREAM Fund”: https://www.upsidercap.com/
Useful content: https://up-sider.com/media/
・Established: May 2018
・Representatives: Toru Miyagi, Tomonori Mizuno
・Capital: 8,794 million yen (including capital reserves, etc.) ・Head office location: 7-15-7 Roppongi, Minato-ku, Tokyo
・Member Association/Certification: Japan Payment Services Association, Security Certification PCI DSS
v3.2.1, JIIMA certification “Electronic book law scanner storage software legal requirements certification” “Electronic transaction software legal requirements certification”
Contact information regarding this matter
Please contact pr@up-sider.com for consultations on implementation, requests for interviews, and collaborations.
*The information contained in this press release is current as of the date of announcement.