Companies Expanding Overseas

Plaza-i supports English and Japanese languages and the local currency not only in the accounting but also business modules and has been highly valued by many Japanese companies expanding their business overseas. Even when the Japan side makes entries, output of English reports and financial statements in local currency is necessary for subsidiaries. 
If you are expanding into the global market, it is critical for the system to support at least two languages, home and foreign currencies, and multi-currency.

The Japan office wants to handle all accounting tasks for global projects and the companies expanding overseas in local/foreign currency, not in the Japanese yen (JPY).

In this case, Plaza-i allows specifying any foreign currency alongside the home currency. Especially when you want to record transactions in foreign currency or handle multiple projects, the Plaza-i general accounting provides foreign currency project management functionality which shows great capability in shared services.

Even when you record accounting transactions in JPY, if you have many foreign currency transactions associated with receivables and payables, keeping records also in Excel sheets does not enhance efficiency and it could be pointed out as a problem in terms of internal controls. 

Since Plaza-i supports multi-currency as standard, with only the Plaza-i general accounting implemented, you can realize matching in foreign currency, automatic recording of realized foreign exchange gain/loss, and balance management in Japanese/foreign currency by client. You can make it perfect by also implementing the Plaza-i receivable and payable modules that are equipped with abundant standard features useful for foreign currency transactions.

Since your business is expanding overseas, you want the local office to handle accounting in local (foreign) currency. 

In this case, make use of Plaza-i which offers various ways to enable its use at local offices; for example, you can bring the laptops overseas or overseas locations can use remote access to the server in Japan.

Although accounting staff is Japanese, you want to journalize transactions and post in ledgers in English as well as in foreign currency and output financial statements for English-speaking managers and stakeholders. 

Plaza-i allows Account Master to have Japanese and English account titles so that the Japanese staff can make journal entries in Japanese screens and output all reports in English, which satisfies the above situation.

The Plaza-i general accounting module shows its great strength in project management. You can calculate profits and losses by department and/or by project as well as enter a quantity in journal details, which makes the accounting module even more useful for the shipping companies who want to manage profits and losses by vessel and/or by shipping lane as well as quantity, such as the weight in tons of a ship. This is also suitable for shipping companies with many foreign currency transactions.

You may be a Japanese consulting firm who handles global projects, and your overseas offices have petty cash accounts for each project going overseas and make payments in foreign currency to outsourcing providers. You wish to implement project management by registering working hours per project, but you do not know a multi-currency system that helps companies globally expand their market.

Plaza-i comes in handy even in these situations since it supports multi-currency and foreign currency processes from the project management, receivables, payables, to general accounting modules.

• Europe
  United Kingdom, Norway, Romania, Azerbaijan, Germany
  
  
• Middle East/Africa
  Egypt, Kuwait, the United Arab Emirates
  
  
• North America
  The United States, Canada
  
  
• Latin America
  Brazil, Paraguay, Peru, El Salvador, Panama, Colombia
  
  
• East/Southeast Asia
  Hong Kong, China, India, Thailand, Malaysia, Singapore, Indonesia, Philippines, Vietnam, Cambodia, Brunei