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TradeWaltz Inc., Deloitte Tohmatsu, and Binal to Collaborate on Electronic Bookkeeping Consultation Service as a Step Towards the Full Digitalization of Trade.

TradeWaltz Inc., Deloitte Tohmatsu, and Binal to Collaborate on Electronic Bookkeeping Consultation Service as a Step Towards the Full Digitalization of Trade.

TradeWaltz Inc., Deloitte Tohmatsu, and Binal to Collaborate on Electronic Bookkeeping Consultation Service as a Step Towards the Full Digitalization of Trade.

2021.05.27 Press Release

TradeWaltz Inc.
Deloitte Tohmatsu Tax Co.
Binal Co., Ltd.

TradeWaltz Inc., which operates the trading-related information-sharing platform known as “TradeWaltz,” Deloitte Tohmatsu Tax Co. (hereinafter referred to as Deloitte Tohmatsu) of the Deloitte Tohmatsu Group, an expert in customs and tariff compliance, and Binal Co., Ltd. (hereinafter referred to as “Binal”), which has 7,400 companies of trade practitioners as its users, have started an “electronic bookkeeping consulting service” collaboration to support the complete digitalization of trade practices and to help make remote work more possible for Japanese traders.

 

The growing need for electronic storage of trade documents and a voice of “What to actually do?”

 Trade operations, which are associated with the flow of goods of all kinds, still involve the processing of paper documents in offices and government agencies, and the delay in digitalization has been pointed out as a problem in operational efficiency. In addition, with the rapid demand for remote work in the wake of the COVID-19 pandemic, the delay in digitalization has become an obstacle.

 On the other hand, in response to changes in the social environment and growing needs, the customs authorities, following the revision of the Electronic Bookkeeping Act in October last year, have announced a policy of easing storage requirements with the enforcement of the revised Customs Act in January next year, and it is expected that there will be a rapid movement toward the digitalization of trade documents in Japan. However, in preparation for the enforcement of the revised customs law, a ministerial ordinance on the digital storage of customs-related books and documents was issued last month. However, there are still some people in the field who are confused about what to do.

 With this background, TradeWaltz Inc. and Binal have recently announced a collaboration to build a system that complements each other and meets the requirements for electronic bookkeeping, and to strongly promote trade digitalization. With the addition of Deloitte Tohmatsu as a customs expert, we will provide solutions and objective advice to help Japanese trade practitioners answer the question, “What should I actually do?” and help create an environment where they can make the smooth transition.

 

Overview of Consulting Services

 For this consulting service, TradeWaltz Inc. will be the contact point for trade practitioners while Deloitte Tohmatsu will be in charge of the consulting practice. In order to provide objective advice tailored to the client’s actual situation and budget, we may suggest a method of digital storage that does not involve the use of Binal or TradeWaltz Inc. services.

About TradeWaltz Inc.

Company Name TradeWaltz Inc.
Representative  Hirohisa Kojima, President & CEO
Headquarters 2F, Marunouchi Nijubashi Building, 2-2 Marunouchi 3-Chome, Chiyoda-ku, Tokyo 100-0005, Japan
Date Established April 2020
Main Operations Delivery of the TradeWaltz® (*1) SaaS(*2), a trading-related
information-sharing platform built with blockchain technology
Employees 16 (*3)
URL https://www.tradewaltz.com

*1)「TradeWaltzis a registered trade mark in Japan of TradeWaltz Inc. Any other names of products, companies, groups, etc., are names and registered trademarks of their own.

*2SaaS stands for Software as a Service. It is a model that makes software available for use over the Internet.

*3TradeWaltz Inc. is currently recruiting core members to help create the future of trade ecosystem with us. Information on the on the job site “BizReach”.
https://www.bizreach.jp/job-feed/public-advertising/pvyk0qo/

Please direct all inquiries regarding this announcement to
TradeWaltz Inc. CEO’s Office, REP: Someya and Saito
Email:info@tradewaltz.com

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