AI leverages photos of actual assets and asset names to estimate and suggest asset types and useful life, significantly streamlining fixed asset registration

Money Forward, Inc. is launching the “Fixed Asset Registration Support Agent” within “Money Forward Cloud Fixed Assets” for select users. Based on uploaded photos of actual assets or entered asset names, this agent leverages AI to estimate and suggest candidates for asset accounts, types, and useful life. This significantly reduces the time and effort required for information searches during fixed asset registration and prevents tasks from becoming dependent on specific individuals.

The “Fixed Asset Registration Support Agent” is an AI agent designed to assist with fixed asset registration tasks. When a user uploads a photo of a fixed asset or enters an asset name, the AI performs an estimation. By suggesting suitable asset accounts, asset types, and useful life as candidates along with supporting evidence — based on rules provided in public documents from the National Tax Agency and the user’s past fixed asset registration data — the agent enables a smooth and appropriate fixed asset registration process. This service will initially be available to a limited number of users, with plans to gradually expand the scope of availability.

URL:https://biz.moneyforward.com/ai-agent/ai-accounting/asset-register-support/ (Japanese only)

■ Features of the “Fixed Asset Registration Support Agent”
1. Automatic analysis of fixed asset information based on images and asset names
The AI identifies and analyzes factors such as the shape and intended use of an asset from the photo or name provided by the user. Users can initiate the AI’s estimation simply by photographing the fixed asset and uploading the image.

2. Reference to past data and public documents from the National Tax Agency and other sources
The AI automatically references similar registration histories within the company, as well as statutory useful life and depreciation rules found in public documents from the National Tax Agency. It estimates asset accounts, asset types, useful life, depreciation methods, and other relevant details.

3. Presentation of candidates along with supporting evidence
The agent suggests estimated asset accounts, types, useful life, and depreciation methods as candidates. If multiple candidates are presented, users can select the most appropriate one and apply it to the input form with a single click. Furthermore, by providing supporting evidence for the estimations, users can smoothly confirm details with specialists such as consulting tax accountants and certified public accountants.

■ Background
As the use of AI advances, corporate back-office operations are shifting from DX (Digital Transformation) to AX (AI Transformation). AI agents now operate autonomously to replace routine tasks, creating an environment where employees are freed from cumbersome work and can focus on more essential duties.

In fixed asset management, registering items such as vehicles or building fixtures correctly for accounting purposes requires specialized knowledge to select asset accounts and types and determine useful life. Consequently, companies with inexperienced accounting staff or those lacking dedicated personnel faced the burden of repeatedly searching through vast rules and precedents on the National Tax Agency’s website or their own past records. Moreover, confirming details with consulting tax accountants and certified public accountants presented challenges in terms of both cost and time.

Simply by uploading a photo of the actual asset or entering an asset name, this agent leverages AI to estimate appropriate asset types, depreciation methods, and useful life, suggesting them along with supporting reference sources. This assists in accurate fixed asset registration, reduces the time and effort for information searches and consultation costs, and prevents tasks from becoming dependent on specific individuals. Moving forward, the Company plans to expand the scope of the AI agent’s support to cover all fixed asset-related operations.

Money Forward plans to continue rolling out AI agents across a wide range of back-office functions, and by evolving its products to enable autonomous task execution, aims to contribute to business growth for its users through automation.

■ About “Money Forward Cloud Fixed Assets”
“Money Forward Cloud Fixed Assets” is a fixed asset management system that improves operational efficiency for everyone involved in fixed asset management. The system supports the acquisition and transfer registration of fixed assets in the accounting department, along with depreciation calculation, increase/decrease aggregation, automatic journal entries, and depreciable asset tax declaration. Additionally, it plans to support corporate tax filing (Appendix 16) and provide support functions for on-site physical inventory taking in the future. The solution can also be used by departments managing physical fixed assets, such as general affairs and IT departments, sales offices, and factories. Furthermore, it supports internal controls and allows for multiple ledger management.
URL: https://biz.moneyforward.com/fixed-assets/ (Japanese only)

■ About the AI Solutions Website
A list of the latest AI solutions that realize business transformation for users, including AI agents, AI functions, and AI-native services, is available on the website.

・”Money Forward Cloud” with AI
URL: https://biz-ai.moneyforward.com/ (Japanese only)

・About the AI Agents provided by Money Forward
URL: https://biz.moneyforward.com/ai-agent/ (Japanese only)

■About Money Forward Inc.
Money Forward, Inc. is the leading SaaS / Fintech company from Japan, listed on the Prime Section of the Tokyo Stock Exchange (3994.T). We mainly provide B2B SaaS such as online bookkeeping, HR management, contract management, and payroll; now serving more than 442,000 paying customers nationwide. Our consumer-facing service for personal finance management (PFM) now has 17.8M users.
URL: https://corp.moneyforward.com/en/

* All company names, product and service names, and logos are trademarks or registered trademarks of their respective owners.

For further information, please contact:
PR Division, Money Forward, Inc.
Email:pr@moneyforward.co.jp