Japan IBM, Oracle Japan, and TIS Support the Construction of JTB Group's Company-Wide Financial Accounting System

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Refreshing and integrating the financial accounting system for the entire JTB Group.

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Refreshing and integrating the financial accounting system for the entire JTB Group.

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Source: https://prtimes.jp/main/html/rd/p/000000463.000057729.html | Date: Date unavailable

International Business Machines Corporation (IBM) Japan Oracle Japan Corporation TIS Inc. International Business Machines Corporation (IBM) Japan (hereinafter, IBM Japan), Oracle Japan Corporation (hereinafter, Oracle Japan), and TIS Inc. (hereinafter, TIS) have unified the financial accounting systems for the entire JTB Group, encompassing a total of 54 domestic and overseas companies (Note 1) of JTB Corporation (hereinafter, JTB), establishing a management foundation capable of integrated data management and analysis on a global level. Furthermore, in the implementation of the new financial accounting system, 95% of the standard functions of " Oracle Fusion Cloud Applications " (Note 2) were utilized as is, promoting the standardization of the core parts of accounting business processes that were individually optimized for each location and company. Through this, JTB will improve the timeliness, accuracy, and immediacy of its financial accounting information, advancing the sophistication of its management information. Previously, the JTB Group's financial accounting systems were fragmented by domestic headquarters and branches, corporations, and regions (siloed), resulting in dispersed financial data. Consequently, the collection and analysis of vast amounts of information were handled manually, and data integration with business systems was limited, posing a challenge in responding swiftly to changes in the business environment. This prevented the timely, immediate, and accurate collection and analysis of management information. Moreover, as part of its long-term vision "OPEN FRONTIER 2035," which aims to support a shift in business portfolio (from domestic-centric to overseas expansion), JTB urgently needed to establish a stable management information foundation and financial information infrastructure. In response, IBM Japan, Oracle Japan, and TIS implemented "Oracle Fusion Cloud Applications," cloudifying the financial accounting system by introducing it to a

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