Media Contact Press Release 1/3 Works Applications Hiromi Kaneda Email:[email protected]Monex Group Adopted Expense Reimbursement System “AI WORKS Expense” Aims to reduce 60% of business operations for each employee in charge Started leading implementation expecting upgrade to “AI WORKS” Suite February 21 st , 2018 Works Applications Co., Ltd. [Translation of press release in Japanese] Works Applications Co., Ltd. (Headquarters: Minato-ku, Tokyo; Representative Director and Chief Executive Officer: Masayuki Makino; hereinafter "WAP") today announced the purchase of “AI WORKS Expense” by Monex Group, Inc. (Headquarters: Minato-ku, Tokyo; Representative Executive Officer, President & Chief Executive Officer: Oki Matsumoto; hereinafter "Monex Group") as its expense reimbursement system. Monex Group has utilized our former products “COMPANY” series for years and decided to implement “AI WORKS Expense” expecting the upgrade to “AI WORKS” Suite. Realize “future accounting operation one step ahead” by reducing 60% of simple tasks Monex Group is a global online financial group for individual investors with TradeStation Securities in the U.S., and Monex Boom Securities (HK) in Hong Kong, in addition to the industry leading Monex in Japan. In celebrating the 20th anniversary from its founding next year, it aims to offer new asset classes and services utilizing cutting-edge technologies such as block chain in order to embody its vision to create “future of finance, staying one step ahead", in addition to enhancement of existing services. Among them, it proposed realization of “future accounting operation, staying one step ahead” aiming for automation of internal simple tasks by utilizing advancing AI and RPA (Robotic Process Automation), etc. and shifting to high-value-added work. A project has been launched for setting up a new expense reimbursement system with an eye toward the efficiency improvement of the expense reimbursement work for all employees. As a result of repeated comparison with various products, Monex Group highly evaluated the product concept of “AI WORKS”. In the concept, “AI WORKS” offers not only functional capacity as a standard package solution corresponding to complicated internal regulations and business customs but also automatic running function and “suggestion” capability based on WAP’s deep insights for business operations and machine learning. Furthermore, in order to obtain higher efficiency of investment, it decided the leading implement of "AI WORKS Expense" expecting to upgrade accounting/finance system to "AI WORKS" Suite in the future. With the use of "AI WORKS Expense", Monex Group estimates a 60% reduction in the workload per person for application and approval of expense reimbursement.
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Monex Group Adopted Expense Reimbursement System “AI …
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Media Contact Press Release 1/3 Works Applications Hiromi Kaneda