Fast Accounting

What Fast Accounting does

Fast Accounting Co., Ltd. is a Tokyo-headquartered, publicly listed (TSE Growth Market, ticker 5588) AI software company founded in June 2016 that builds accounting-domain artificial intelligence for Japanese enterprises. The company's product portfolio centers on Robota, an API-accessible AI accounting engine offering invoice and receipt OCR, document classification, deskew/cropping pre-processing, journal-entry suggestion, and verification/fraud-detection modules; Remota, a cloud-based web platform that packages these engines into an end-to-end invoice processing workflow with SAP Concur and ERP integrations; Steward, an AI agent layer (including a new-lease-accounting-standard module addressing the April 2027 mandatory effective date); and a certified Peppol Access Point service designated by Japan's Digital Agency. Underlying these products is Deep Dean, a proprietary accounting-specialized large language model developed by the company's FA Research division that achieved 99.8% accuracy on Japanese Bookkeeping Level 1 certification exams and demonstrated 93.3% accuracy in real-world accounting judgment tasks.

The company monetizes primarily through quote-based annual SaaS subscriptions to its cloud platforms and APIs, sold via direct enterprise sales targeting CFOs and accounting department heads at large Japanese listed companies, supplemented by a 20+ partner channel network of certified resellers (BIPROGY, SB C&S, TIS), Big Four and global consulting firms (KPMG, Deloitte, PwC, Accenture, IBM Japan, Capgemini, NTT Data, NRI, JSOL), and alliance partners (SAP, UiPath, Blue Prism, Automation Anywhere, Saison Technology). Customer segments include large listed enterprises with high-volume invoice/receipt processing needs, accounting BPO providers, and system integrators embedding the AI into enterprise ERP landscapes. Documented enterprise customers include Kuraray (75% accounting approval time reduction), Nissin Foods (90,000 sheets/year paper reduction, 24,000 hours/year saved), BIPROGY (60% matching operations reduction), Ajinomoto Financial Solutions (production AI agent deployment), Asahi Kasei, Omron, Kyocera, H2O Retailing, and Kyushu Railway, among 60+ named logos spanning food manufacturing, chemicals, electronics, retail, pharmaceutical, railway, and IT services.

Fast Accounting completed an IPO on the Tokyo Stock Exchange Growth Market and holds ISO 27001, ISO 27017, SOC 2 Type II, and Japan's IPA Security Action two-star certifications, positioning it for both domestic enterprise procurement and limited international expansion via its SAP Store listing. The company's strategic positioning is built on Japan's structural shortage of accounting personnel (Bookkeeping Level 1 examinee numbers down ~40% since 2010, with bookkeeping removed from university entrance exams in 2024), multiple mandatory regulatory compliance deadlines (invoice system, electronic invoice storage law, new lease accounting standards), and the shift from manual accounting operations toward AI-driven strategic finance functions.

Name

Fast Accounting

Legal name

ファーストアカウンティング株式会社 (Fast Accounting Co., Ltd.)

Website

https://fastaccounting.jp

Company type

Public

Founded year

2016

Operating status

Operating

Headcount range

101–250 employees

Short description

Fast Accounting is a Tokyo-listed AI software company that builds accounting-specialized large language models and SaaS platforms (Robota, Remota, Steward) to automate invoice processing, journal entry, and compliance workflows for large Japanese enterprises and their BPO providers.

Ownership category

akta.pro rank

Product category

AI Accounting Automation Software

NAICS

Software Publishers (513210), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Finance Services (6199)

akta.pro primary industry

Accounts Payable Automation & Supplier Payments (FSAGAJAD)

akta.pro secondary industries

Accounts Receivable (Invoicing, Cash Application, Deductions) (BPAAAGAB), Bill Pay, Invoicing & Payables Platforms (BPAMAFAF)

Keywords

• AI accounting automation
• Invoice OCR software
• Electronic invoice exchange
• Lease accounting compliance
• Expense reimbursement automation

Headquarters

HQ city

Tokyo

HQ country

Japan

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. SaaS Subscription (Robota API / Remota / Steward): Fast Accounting's primary revenue comes from subscription-based SaaS licensing of its AI accounting platforms. Robota is offered as an API-accessible AI engine, while Remota is a cloud-based invoice processing platform. Pricing is typically quote-based per transaction volume, number of users, or monthly/annual subscription tiers. The company also generates revenue from implementation, customization, and support services associated with these platforms.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Fast Accounting provides AI-powered accounting automation software for Japanese enterprises. Its platform automates invoice and receipt OCR reading, journal entry classification, verification, electronic invoice transmission via Peppol, and new lease accounting compliance through modular AI engines (Robota), a web-based invoice processing platform (Remota), and an AI agent layer (Steward) underpinned by a proprietary accounting-specialized LLM (Deep Dean).

Product overview

Fast Accounting offers a multi-product portfolio centered on AI-powered accounting automation. The core platform consists of Robota (customizable AI accounting engine via API) and Remota (web-browser-based invoice processing platform), both leveraging AI-OCR, natural language processing, and generative AI for invoice/receipt reading, verification, journal entry, and compliance checking. Steward serves as the strategic AI agent layer, with 新リース会計基準 automating lease accounting and the AI agent framework handling autonomous accounting judgments. The Peppolアクセスポイントサービス provides standardized electronic invoice exchange. Deep Dean is the proprietary accounting-specialized LLM underpinning the AI capabilities, achieving professional簿記 qualifications. Products are designed to work independently or as an integrated suite, with APIs enabling connectivity to ERP systems (SAP Concur, SAP S/4HANA, various accounting systems), workflow platforms, and cloud storage (box, HULFT Square).

Differentiator

Problem solved

Functional benefit

Brands

• Robota: Customizable AI accounting engine - API-based service for invoice/receipt OCR reading, pre-processing, journal entries, and accounting verification
• Remota
• Steward
• Peppol Access Point Service

Products and services

• Robota A customizable AI accounting engine delivered via API, comprising modular AI engines for invoice OCR, receipt OCR, document classification, deskew/crop, journal entry suggestions, and verification/fraud detection. Sold to enterprises and system integrators to embed AI-OCR and accounting workflow automation into their systems.
• Remota A cloud-based accounting platform accessed via web browser that uses AI-OCR to read invoice data, identifies optimal account codes, and integrates with ERP and workflow systems for end-to-end invoice automation. Designed for enterprise accounting departments and BPO providers processing high volumes of invoices.
• Steward An AI-powered accounting assistant for strategic accounting tasks. Automates lease identification, classification, and on-balance-sheet determination from contract documents for the new lease accounting standards (effective fiscal years from April 2027). It also serves as an AI agent framework that autonomously handles approval workflows in production.
• Peppol Access Point Service (Peppolアクセスポイントサービス) A Peppol-compliant electronic invoice transmission and reception service. Fast Accounting operates as a certified Peppol Access Point provider accredited by Japan's Digital Agency, enabling standardized digital invoice exchange with domestic and international trading partners via the Peppol eDelivery Network.
• Deep Dean Fast Accounting's proprietary accounting-specialized large language model (LLM) developed by FA Research. Processes accounting domain text for judgment tasks, achieving 99.8% accuracy on Japanese Bookkeeping Certification Level 1 exams and passing the CPA exam threshold. Underlies the AI agent's accounting reasoning capabilities.

Quantifiable outcome

• Accounting approval work time reduced by 75% (Kuraray)
• +5 more outcomes

Named customers14 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability10 records

Feature7 records

Partnerships

17 partnerships are on record, tiered core and major.

• SAP Japan CorporationcoreTechnology or IntegrationFast Accounting's Steward for New Lease Accounting Standards is listed on the global SAP Store, enabling SAP ecosystem customers to discover and adopt the solution. Fast Accounting's AI solutions integrate with SAP ERP, SAP Concur Invoice, and SAP Contract and Lease Management systems.
• Ajinomoto Financial Solutions Co., Ltd.coreStrategic or Co-development PartnerJoint development and production deployment of an accounting AI agent that autonomously handles expense reimbursement approval workflows. Combined Fast Accounting's proprietary accounting LLM (Deep Dean) with Ajinomoto Group's business rules and know-how, achieving 93.3% accuracy in accounting judgments and ~10,000 hours/year workload reduction.
• BIPROGY CorporationcoreChannel Partner/ Reseller/ DistributorCertified reseller of Fast Accounting's solutions. BIPROGY, a major Japanese system integrator, resells Robota and Remota while also using them internally for its own accounting operations.
• SB C&S CorporationmajorChannel Partner/ Reseller/ DistributorCertified reseller partner. SB C&S is a SoftBank Group IT distributor that resells Fast Accounting solutions alongside other technology products.
• KPMG Consulting Co., Ltd.majorImplementation/ SI/ Consulting PartnerImplementation partner. KPMG leverages RPA and AI technologies to help clients implement end-to-end process automation, integrating Fast Accounting's AI-OCR solutions as part of consulting engagements.
• TIS Inc.majorImplementation/ SI/ Consulting PartnerImplementation partner. TIS, a major Japanese IT services company, integrates Fast Accounting solutions with ERP and accounting systems as part of its DX consulting practice.
• IBM Japan, Ltd.coreImplementation/ SI/ Consulting PartnerImplementation partner with full-service capabilities from strategy/requirement definition through system integration (SAP Concur, SAP ERP, and various accounting systems), development/maintenance using regional DX centers, OCR-based fraud detection, and BPO services.
• Deloitte Tohmatsu Consulting LLCmajorImplementation/ SI/ Consulting PartnerImplementation partner. Deloitte provides consulting services for accounting automation, integrating Fast Accounting AI solutions with client systems and processes.
• Accenture Japan Ltd.majorImplementation/ SI/ Consulting PartnerImplementation partner. Accenture provides digital transformation consulting that combines AI-OCR and RPA technologies to build new business processes integrating human and digital work.
• Capgemini Japan K.K.majorImplementation/ SI/ Consulting PartnerImplementation partner. Capgemini has implemented RPA for over 80 clients and developed over 500 automation workflows, combining OCR products with Robota and Remota to connect accounting systems.
• NTT DATA CorporationmajorImplementation/ SI/ Consulting PartnerImplementation partner. NTT Data integrates Fast Accounting solutions with its IT services for enterprise clients.
• NRI (Nomura Research Institute)majorImplementation/ SI/ Consulting PartnerImplementation partner. NRI, one of Japan's largest consulting and system integration firms with 13,000+ employees globally, integrates Fast Accounting AI solutions as part of its consulting and system development services.
• JSOL CorporationmajorChannel Partner/ Reseller/ DistributorPartner specializing in ERP implementation for process manufacturing industries. JSOL integrates Fast Accounting AI solutions with ERP systems and provides ICT consulting services.
• Saison Technology Co., Ltd.majorTechnology or IntegrationTechnology partner. Saison Technology develops the iPaaS platform 'HULFT Square' for cloud-based data integration. Fast Accounting integrates with HULFT Square to enable seamless data flow between Remota and enterprise accounting systems.
• Proship Inc.majorStrategic or Co-development PartnerCo-hosting seminars on new lease accounting standards. Proship provides lease management systems while Fast Accounting provides AI-powered lease identification and accounting solutions, offering complementary solutions for new lease accounting compliance.
• Digital Agency (Japan Peppol Authority)coreStrategic or Co-development PartnerDigital Agency designated Fast Accounting as an accredited Peppol service provider in Japan (August 2022). Fast Accounting is a certified Peppol Access Point Provider enabling digital invoice exchange via the international Peppol eDelivery Network.
• EY Japan (Ernst & Young)majorStrategic or Co-development PartnerCo-hosted webinars on overcoming accounting personnel shortages through SSC and accounting AI agent strategies. EY provides GBS (Global Business Services) and BOT (Build-Operate-Transfer) consulting while Fast Accounting provides accounting AI solutions.

Scale indicators5 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Money Forward: Japanese cloud accounting/fintech SaaS provider serving both SMEs and enterprises with bookkeeping, invoice, expense, and HR/payroll modules. Directly competes with Fast Accounting's Remota/Robota in Japanese AI-driven invoice automation, and overlaps on the broader enterprise finance DX narrative.
• freee: Japanese cloud accounting SaaS leader (freee会計) with strong SME distribution and growing enterprise/HR offerings. A direct competitor in Japanese AI-enabled bookkeeping and invoice workflows, though more SME-skewed than Fast Accounting's listed-enterprise focus.
• RPA Holdings (RPA Technologies): Japanese RPA vendor (BizRobo!) that automates back-office workflows including invoice/receipt processing. Competes with Fast Accounting's Robota-style OCR-plus-RPA solution and is a co-developer/partner of choice for accounting automation projects.
• ABBYY: Document AI/OCR vendor with Vantage and FlexiCapture products widely used in finance/accounting automation globally. Closest pure-play comparable to Fast Accounting's AI-OCR capabilities, though lacks an accounting-specialized LLM like Deep Dean.
• Proship: Japanese vendor of lease management and contract lifecycle software (ProPlus family). Co-markets with Fast Accounting on the new lease accounting standard but also competes for the lease-accounting budget via its own IFRS 16/ASC 842 compliance tooling.

Broad incumbents

• SAP Concur: Global enterprise travel, expense, and invoice management suite owned by SAP. Fast Accounting integrates with Concur Invoice/Expense but also competes for the same Japanese enterprise AP/expense automation budget through its broader ERP ecosystem.
• UiPath: Global RPA/intelligent automation platform with document understanding and invoice processing capabilities. Listed alliance partner of Fast Accounting but a competitive alternative when enterprises buy platform-level automation rather than accounting-specific AI.

Emerging players

• Ramp: US-based corporate card and AP automation platform with AI-driven receipt capture and bill pay. Comparable in automating corporate invoice/expense workflows via AI, though focused on US SMEs/mid-market versus Fast Accounting's Japanese enterprise focus.
• Brex: US-based corporate card and AI-powered expense/bill pay platform. Competes in AI-driven AP and spend management, providing a US benchmark for the SaaS economics of Fast Accounting's subscription-based Robota/Remota product.

Regional players

• Yayoi (now Yayoi Holdings / TKC): Long-standing Japanese accounting software vendor (Yayoi 会計) with deep SME distribution. While primarily SME-focused rather than listed-enterprise, it is a structural Japanese competitor shaping the AI-driven accounting automation landscape Fast Accounting targets.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/_fastaccounting
• LinkedInlinkedin.com/company/fast-accounting

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds3 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fast Accounting