Dentsu Research Institute, Inc.
Dentsu Research Institute realizes sustainability survey of Mitsubishi Corporation using consolidated accounting solution “STRAVIS” – Build a flexible and efficient system by utilizing data collection functions and master data for consolidated financial statements – ……
Dentsu Research Institute, Inc. (Headquarters: Minato-ku, Tokyo, President and CEO: Hirohisa Iwamoto, hereinafter referred to as “Dentsu Research Institute”), which realizes the evolution of companies and society through technology, is a subsidiary of Mitsubishi Corporation (Headquarters: Chiyoda-ku, Tokyo,
Representative Director: Hirohisa Iwamoto). We are pleased to announce that we have used the consolidated accounting solution STRAVIS to perform everything from data collection to reporting for the sustainability research of Mitsubishi Corporation (President and CEO: Katsuya Nakanishi).
background
Mitsubishi Corporation has set “Medium-term Management Strategy 2024 MC Creating Shared Value (Co-Created Value)” as its management policy for the three years starting in fiscal 2022. We aim to create co-creation value on a scale by solving problems by strengthening the comprehensive capabilities of the Shoji Group. As part of this effort, we have focused on disclosing sustainability information, and up until now we have used our own proprietary system to collect related data from each group company. In order to respond to the increasing sophistication of disclosure content, the company was looking for a highly flexible and scalable data collection platform, and Dentsu Research Institute’s “STRAVIS”, which had already been used in consolidated financial statements, was used to collect and report sustainability information. We will begin efforts to use the information in April 2024.
Points of collecting sustainability information using “STRAVIS” 1. High flexibility and scalability in data collection and reporting items Mitsubishi Corporation collects environment-related data such as GHG (greenhouse gas) emissions and information on occupational safety and health of group companies and discloses sustainability information. We wanted a system with a high degree of freedom that could flexibly respond to changes and additions to data collection items in response to legal disclosure requests and changes in the external environment. “STRAVIS” was praised for its high flexibility and scalability, which allows data collection and report items to be changed freely, allowing data to be operated without having to be separated into two systems: the system and Excel.
2. Improving operational efficiency by utilizing master data for consolidated financial settlement operations
Master data from STRAVIS, which has already been introduced, can be reused in the aggregation work of sustainability surveys, ensuring consistency with financial data and automatically calculating GHG emissions figures on a consolidated basis within the system. As a result, the system was praised for its ability to operate detailed information with a minimum amount of man-hours.
3. Reducing the burden of responding to internal control audits Since “STRAVIS” is already being used in systematic consolidation operations, even if reasonable assurance of sustainability information becomes mandatory in the future, the consolidated financial settlement system can be used and it will be possible to develop new internal controls. It was praised for its ability to reduce the load on users. 4. Dentsu Research Institute’s strong support record
Mitsubishi Corporation is a user of the consolidated accounting solution “STRAVIS” and the expense settlement solution “Ci*X Expense” developed and provided by Dentsu Research Institute, and has a high level of understanding of organizations and operations due to a rich support record, and stable operation. We evaluated the establishment of a system for this purpose.
Dentsu Research Institute has been working on solving customer issues in the enterprise systems field for some time, and has a rich track record and extensive know-how. By providing STRAVIS, which combines this knowledge with the latest technology trends, we will support the advancement of client companies’ group management in the digital business era.
Reference materials
・About “STRAVIS” https://gms.dentsusoken.com/stravis/
This is a consolidated accounting solution developed by Dentsu Research Institute that condenses the know-how gained from
implementing and supporting consolidated accounting systems for over 1,000 companies. We provide accurate solutions to various issues such as IFRS compliance, requests for group business management, and early settlement of accounts, and support the efficiency of various operations as a basis for consolidated accounting, management accounting, and group management data collection.
February 6, 2024
Mitsubishi Corporation adopts Dentsu Research Institute’s group expense settlement system “Ci*X Expense”
https://www.dentsusoken.com/news/release/2024/0206.html
December 16, 2020
ISID builds new consolidated financial settlement system for Mitsubishi Corporation using “STRAVIS”
https://www.dentsusoken.com/news/release/2020/1216.html
About Dentsu Soken https://www.dentsusoken.com
Based on our corporate vision of “HUMANOLOGY for the future – creating the future with people and technology,” Dentsu Research Institute works with three functions: “system integration,” “consulting,” and “think tank.” We aim to sincerely face society as a whole, including local governments and consumers, and create a cycle from proposing issues to solving them through technology, supporting and implementing the evolution of a better society. We will continue to promote “X Innovation (cross-innovation)” that transcends the boundaries of technology, industry, company, and region, and continue to open up the future and create new value with the power of people and technology.
*On January 1, 2024, Information Services International Dentsu (ISID) changed its name to Dentsu Research Institute.
*Company and product names mentioned in this release are trademarks or registered trademarks of each company.
This article has been partially generated with the assistance of AI.