V-ONE Cloud, a system specialized in payment reconciliation provided by R&AC Corporation, has released an API function that enables reconciliation journal entries to be integrated with Money Forward Cloud Accounting, a cloud accounting software sold by Money Forward, Inc.
This collaboration makes it possible to automatically link reconciliation journal entries created in “V-ONE Cloud” to “Money Forward Cloud Accounting.” This is expected to reduce the burden on accounting staff of entering journal entries and improve the accuracy of their work.
Going forward, V-ONE Cloud will continue to promote integration with various accounting-related systems, including accounting and sales management systems, and contribute to improving the productivity of back-office operations by improving payment reconciliation and accounts receivable management systems.
Also Read: Nowcast Develops “AI-MO” AI Tool for MST Insurance Staff
“V-ONE Cloud” is a cloud service specialized in payment reconciliation work. Payment reconciliation work, which can be complicated due to payment methods, consumption tax, fees, etc., is mainly analog work using visual inspection, manual input, spreadsheet software, etc., even in accounts receivable management. Therefore, it is a work that is prone to double input due to transcription work and errors due to manual input. In addition, payment reconciliation work requires accurate work in the short time between the payment date and the closing date.
“V-ONE Cloud” utilizes AI (machine learning) to significantly improve the efficiency of payment reconciliation work, which tends to be done visually and manually. In addition to reducing the workload by streamlining payment and collection work, it also improves the accuracy of accounts receivable management, quickly identifies outstanding accounts receivable, and promotes rapid collection.
SOURCE: PRTimes