Corporate card “UPSIDER” starts offering “UPSIDER Coworker for Ads”, which supports accounting processing of advertising expenses, free of charge for 3 months
*View in browser* *UPSIDER Co., Ltd.*
Press release: April 23, 2024
**
Corporate card “UPSIDER” starts offering “UPSIDER Coworker for Ads”, which supports accounting processing of advertising expenses, free of charge for 3 months
*AI and humans solve complicated accounting issues related to advertising expenses*
*
UPSIDER Co., Ltd. (Representative Directors: Toru Miyagi, Tomonori Mizuno, Head Office : Minato-ku, Tokyo, below
UPSIDER Coworker for
We are pleased to announce that we have newly released “Ads”. *
“UPSIDER Coworker for
“Ads” is a service that uses AI and human power to support the complicated accounting process that occurs when paying for Google ads with a credit card. UPSIDER
Coworker collects statements for each account, calculates balances, and creates journal data at the beginning of each month, and companies can register journal entries in their accounting system based on the journal data. *
This will help reduce the accounting workload at the beginning of each month for companies that manage many Google advertising accounts. * *About “UPSIDER Coworker for Ads”*
Background of providing “UPSIDER Coworker for Ads”
Up until now, we have heard many issues from advertising agencies and customers who manage their own advertising regarding the complexity of accounting for advertising expenses. Specifically, when paying for Google ads using a credit card, a payment will be made each time the ad cost exceeds a certain amount. Due to the characteristics of this type of transaction, the balance at the end of the month is the starting balance of accrued expenses, so instead of simply recording the amount paid as unpaid, it is necessary to recognize the balance at the end of the month and perform appropriate accounting treatment. You need to do.
Additionally, when dealing with a large number of accounts, such as an advertising agency company, it is necessary to download statements for each account and perform accounting processing, but payment-related documents can be obtained after the third business day of the month. It becomes. Therefore,*
This had to be done during the busy period of the first few business days of the month, causing problems such as a concentration of accounting work and delays in monthly settlement. *
Details of “UPSIDER Coworker for Ads”
In “UPSIDER Coworker for Ads”, *UPSIDER
At the beginning of each month, the Coworker collects statements for each account, calculates balances, and creates journal data. * This eliminates the need for companies to go through the traditional complicated processes, allowing them to use UPSIDER
It is possible to register journal entries in the accounting system based on the data created by Coworker.
We will start providing this service with Google Ads first, and plan to move forward with support for other ads as we conduct verification. *3-month free trial if you apply by the end of May 2024*
“UPSIDER Coworker for Ads” is scheduled to be offered for a fee in the future. however,*
A 3-month free trial is available for applications until the end of May 2024. * We plan to start providing the service to a few companies first, and gradually increase the number of companies providing it as we review the content through repeated communication with users.
If you wish to use “UPSIDER Coworker for Ads”, please register using the form at the URL below.
・”UPSIDER Coworker for Ads” application form:
https://form.run/@upsider-coworker-for-ads
*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.*
More than several thousand companies are actively using it, the usage continuation rate is over 99% (as of the end of February 2024), the cumulative payment amount is over 250 billion yen (as of the end of December 2023), and the cumulative credit limit exceeds 1 trillion yen (as of the end of March 2024). *
Service page
Additionally, *the number of listed company customers is rapidly increasing*. Not just payments*
From pre-payment procedures such as restricting users before payment, setting upper limits, and applying for approval, to immediately reflecting usage history on the management screen after payment, collecting and linking evidence, linking to approval, notification and submission of evidence through Slack integration*
It has been well-received for its comprehensive and wide range of functions, 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 businesses 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 deducted. 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.
View details
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
・Representative: Toru Miyagi, Tomoki 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.