FinArch and Microsoft Unveil Finance Resource Planning Solution for Japan
Financial Architects (FinArch) and Microsoft, Japan will co-operate to provide solutions corresponding to international accounting standards for financial institutions in the Japanese market.
Currently, many countries and regions have announced their adoption of, or plan to adopt, the International Financial Reporting Standards (IFRS), which Europe started adopting from 2005. Japan has also indicated a policy to obligate listed companies to adopt IFRS in their consolidated accounting, starting somewhere around 2015-2016.
In order for FinArch to develop its solutions in Japan, Microsoft will perform joint sales and marketing activities, as well as partnering with each co-operating partner company in Japan.