Yayoi Acquires Alarm Box as Group Company for Credit DX

Yayoi Co., Ltd. is pleased to announce that it has acquired a majority of the issued shares of Alarm Box Co., Ltd., which develops and operates the AI credit management cloud service “Alarm Box,” and made it a group company.

Yayoi’s mission is to “create a virtuous cycle in Japan by revitalizing small and medium-sized enterprises,” and it develops and operates services that promote the management and operational efficiency of small businesses. In addition to the Yayoi Series of business software, which has a cumulative total of over 3.5 million registered users, the company also provides FinTech services that help small businesses improve their cash flow.

AlarmBox was founded in 2016 and develops and operates the AI-powered credit management cloud service “AlarmBox” under the philosophy of “providing peace of mind for all corporate transactions.” It realizes digital credit management by handling everything from credit decisions at the time of new transactions to continuous monitoring and accounts receivable guarantees all at once.

Also Read: NTT DATA WIZ Adopts Robota AI-OCR for InspectData

In particular, Alarm Box has the unique strength of being a database capable of credit evaluation of small and medium-sized enterprises, and is expected to create synergies with Yayoi’s business operations and users.

Yayoi has long focused on the potential of accounting data, and Altoa Co., Ltd. (now absorbed into Yayoi) has been working to develop and provide a credit model that utilizes accounting data voluntarily provided by Yayoi users. While the results of the credit model using quantitative data have been widely recognized, such as the realization of providing LaaS to Resona Bank*1, there were some shortcomings when it came to using it for credit assessments of small and medium-sized enterprises, such as the fact that “SMEs do not disclose their financial data” and “accounting data is not entered in real time.”

By partnering with Alarmbox, which has qualitative data related to credit for small and medium-sized enterprises, Yayoi is now able to combine its quantitative data analysis with Alarmbox’s qualitative data. By leveraging the strengths of both companies, we aim to build a highly accurate AI credit model that is even more valuable to small and medium-sized enterprises.

In the future, we plan to utilize Alarm Box’s technology and know-how to develop OEM services for small businesses and jointly develop new products.

Furthermore, by becoming a group company, Yayoi will be able to strengthen its own credit capabilities, expanding the possibilities for providing FinTech services to a wider range of users, increasing the available amount, and providing services such as accounts receivable guarantees and credit reports through Yayoi.

Events such as bankruptcy of business partners and payment delays have a major impact on the management of small businesses.We support the challenges of small businesses by preventing such situations and creating an environment where they can focus on running their business with peace of mind and healthy cash flow.

By utilizing the various data it has accumulated and combining it with AI and other technologies, Yayoi aims to be a presence that illuminates the path for small and medium-sized enterprises by providing value that looks half a step ahead. Going forward, both companies will continue to utilize their know-how to support small businesses in Japan and contribute to improving the vitality of the Japanese economy as a whole.

SOURCE: PRTimes