[KPMG FAS Co., Ltd.] KPMG FAS launches “AI journal analysis tool” that visualizes risks of subsidiaries
*KPMG FAS Co., Ltd.*
Press release: September 2, 2024
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KPMG FAS launches “AI journal analysis tool” to visualize subsidiary risks *KPMG FAS is pleased to announce that it has developed and started providing an “AI journal analysis tool” that supports the
strengthening of group governance in Japanese companies. *
* KPMG FAS* (Head office: Chiyoda-ku, Tokyo, Representative: Hikaru Okada, hereinafter referred to as the Company)
We are pleased to inform you that we will start offering.
“AI journal analysis tool”
With the mission of “transforming conventional subsidiary management,” is a tool that allows you to “visualize” your subsidiaries by analyzing large volumes of journal entry data, which was previously impossible, with simple click operations. . This will enable Japanese companies to improve the sophistication and efficiency of subsidiary management, accounting monitoring, internal audits, etc.
In recent years, many Japanese companies have been globalizing and diversifying their management through aggressive overseas expansion and M&A, while improving and strengthening group governance of acquired overseas subsidiaries has become an important theme. As one of these measures, an increasing number of companies are integrating the core systems (ERP) of their group subsidiaries, but currently there are not many companies that are able to effectively utilize journal entry data collected by ERP.
In fact, KPMG’s Fraud Survey 2022
According to the survey, approximately 90% of Japanese companies are interested in monitoring and fraud detection using data analysis (hereinafter referred to as “data utilization”), but only around 10% of companies are working on data utilization. I’m staying.
Even among advanced companies that are already engaged in journal data analysis, we often hear that they are having problems with the effectiveness and efficiency of group subsidiary analysis, mainly due to the following three barriers.
The newly developed “AI journal analysis tool”
In order to solve these challenges for Japanese companies, our forensic department
This is a SaaS type data analysis tool developed by KPMG Japan and provided in a server environment of KPMG Japan that guarantees strong security.
We will continue to support Japanese companies in strengthening their group governance through the development of various services and tools.
Service details
* [Related seminar] *
[A must-see for those in corporate planning and overseas business management departments! ]
Overseas subsidiary management in the era of AI and digital
utilization – Toward both promoting localization and strengthening governance –
Online event: Friday, September 6, 2024, 15:00-16:00
https://kpmg.com/jp/ja/home/events/2024/08/fas-fda-seminar-01.html
Online event: September 12, 2024 (Thursday) 15:30-16:30
https://kpmg.com/jp/ja/home/events/2024/08/fas-fda-seminar02.html [A must-see for accounting/finance departments and DX promotion departments! ] Accounting governance in the era of AI and digital utilization – Towards early detection of fraud and errors in overseas subsidiaries – Online event: Friday, September 20, 2024, 15:00-16:00
https://kpmg.com/jp/ja/home/events/2024/08/fas-fda-seminar03.html
* 【inquiry】*
KPMG FAS Marketing: fasmktg@jp.kpmg.com
*About KPMG FAS*
KPMG FAS It is one of the core companies that forms the We provide
comprehensive support for initiatives aimed at increasing corporate value, from the formulation of corporate strategies to transactions (M&A, business restructuring, corporate/business revitalization, etc.) and post-deals. Our main services include M&A advisory (FA operations, valuation, due diligence, and structuring advice), business
revitalization advisory, management strategy consulting, and fraud investigations.