Solutions to help global companies efficiently manage fixed assets ProPlus Global Solutions
Capable of managing assets in accordance with the tax codes of 24 countries worldwide. ProPlus currently serves 175 client companies in 20 countries.
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Including China, Thailand & Indonesia
Companies using ProPlus Global Solutions
Major companies worldwide have adopted ProPlus Global Solutions
Supporting
Conforms to the tax codes of 24 countries worldwide
Many global companies face difficulty in obtaining precise information on the activities of their many offices and facilities worldwide.
One of the main reasons for the lack of clarity is that the bookkeeping values in the fixed asset ledger may differ from the actual PP&E assets under management.
If the treatment of assets in the fixed asset ledger and the PP&E ledger is not standardized, throughout the company, it can pose the following problems:
ProPlus Global Fixed Asset Solutions allows users to achieve high-performance asset management
Examples of global companies that have introduced ProPlus Global Fixed Asset Solutions
Canon Inc.
Canon introduced ProPlus at group production subsidiaries to enhance consolidated group management of overseas operations.
In 2011, Canon introduced ProPlus to oversee operations at production subsidiaries in Japan, and began a project aimed at introducing the system at all overseas production subsidiaries. Each of the company’s overseas offices had its own system for managing fixed assets. However, since the legal and regulatory structures of each country in which Canon operates differ dramatically, making it difficult to introduce systems that could encompass all subsidiaries. Pro-Ship’s ability to standardize the treatment of tax and administrative policies in each country helped the Canon group to establish a consolidated group management structure encompassing ten group companies located in six countries.
Miura Co., Ltd.
In order to bring accounting practices in line with IFRS, Miura adopted the ProPlus Fixed Asset System at its overseas offices
Miura Co., Ltd. oversees six domestic subsidiaries and 13 overseas subsidiaries in the Miura group, providing products and services for the energy, water and environmental equipment industries. It is a major player in the international market for boilers. The company decided to adopt IFRS accounting standards, as it seeks to establish itself as a global operation capable of responding to the needs of the modern era. In order to consolidate the fixed asset management activities of the global group, the company introduced the ProPlus Fixed Asset System, and achieved quantifiable results.
Seiko Epson Corp.
The system was introduced to give management clear information on the use, transfer and disposal of assets and physical property. This creates a more robust management structure that can use fixed assets efficiently, make appropriate investment decisions and maximize earnings.
Seiko Epson Corp. is rapidly developing its environmental management business. The Production Planning Division, which oversees capital investment activities, wanted to establish a more robust management structure that can optimize earnings generated by a limited amount of assets. To this end, the company wanted to create a unified database of all global assets, and a physical property management system that would facilitate the use, transfer and disposal of assets across the group. The company adopted the ProPlus Fixed Asset System and ProPlus Pit PP&E Management Solutions as the platform for this management system. The company expects the new system to improve asset management efficiency, and thereby elevate earnings \500 million by 2025.
Characteristics of ProPlus when used in a unified global system
Compatibility with the tax systems of various countries
The standard version is capable of dealing with the tax codes of 24 countries worldwide, including nations in Asia, Central and South America, as well as North America and Oceania. It is possible for a single global system to employ a different depreciation method in each country, based on local regulations.
Compatibility with various languages and currencies
Each user ID code calls up information in a selected language (Japanese, English, Chinese), and the displayed language can be changed. Currency conversions can be carried out to five decimal places.
Multiple bookkeeping applications
Up to six sets of bookkeeping ledgers can be maintained (for financial use, tax use, IFRS use, management use, etc.), each with a different set of depreciation management settings.
Group company control functions
Information can be switched to view conditions at consolidated subsidiaries, without the need to log in again. Ledgers for each of multiple subsidiaries can be selected at the push of a single button.
FAQ
- Can a manager at the parent company get a clear picture of asset conditions at each office?
- Yes. Each user ID can be configured to control the scope of data input and the scope of access to data. A manager responsible for the consolidated group can access the bookkeeping data from multiple subsidiaries, simultaneously. This makes the process of compiling and producing monthly, quarterly and annual reports much more efficient.
- Are there additional licensing fees for each country or overseas office that introduces the system?
- If ProPlus is introduced at offices in more than one country, the client needs to purchase a global license, as well as licensing fees based on the number of assets and number of users. Additional offices or countries can be added at no additional charge, so long as the additional assets/users fall within the scope of the existing license (which sets a maximum number for assets and users).
- When introducing ProPlus at overseas consolidated subsidiaries, can the scope of information visible in each country be controlled?
- Yes. Each user ID can be configured separately, to set access limits. The ability to input data, and the ability to access data, may be limited to cover only assets in the same country, or only those in the same division of the company. Meanwhile, the manager in charge of consolidated subsidiaries is able to view data from all offices.
You can download the explanatory materials of ProPlus.
Just complete the online form below, providing the necessary contact information, and you will be able to download a PDF document of ProPlus. This document describes product details and effects after implementation.