DIVA has an unrivalled track record as a provider of consolidated accounting systems in Japan and abundant experience in introducing mainly subsidiaries’ consolidated accounting systems overseas.
To address the difficulty in obtaining a consensus between expatriates and local accounting departments, which is a typical problem facing overseas regional supervisory companies, DIVA provides a solution that takes necessary stakeholders into consideration from the proposal phase.
Moreover, if DivaSystem has already been installed at a parent company, it will be possible to perform a subsidiary’s consolidated account settlement in the same system, which enables smooth communication between the parent company and regional supervisory companies.
Customer Success Story
- An increase in the number of overseas subsidiaries calls for a subsidiary company that supervises a certain region (regional supervisory company), instead of a parent company in Japan, to supervise business management by region.
However, it is difficult to examine the reliability of data in the course of Excel-based operations, making the financial reporting of regional supervisory companies unclear.
Moreover, due to the difference in the information volume handled by a parent company and regional supervisory companies, it is hard to engage in appropriate communication from a single perspective, often resulting in a lack of governance.
- Post-introduction Value
- A parent company can engage in dialogue with regional supervisory companies based on commonly-shared data by allowing the parent company to access the financial data of regional supervisory companies as well as that of their subsidiaries (sub-subsidiaries).
By performing consolidated account settlement with a uniform consolidated accounting system, the operation of consolidated account settlement will be standardized between a parent company in Japan and regional supervisory companies.
When introducing a consolidated accounting system in regional supervisory companies, it is also possible to analyze the operational process of a regional supervisory company to detect a risk that may cause an error.