From November 15, 2023 SB Payment Service Corp. (Minato-ku, Tokyo, President and CEO Jun Shinba, hereinafter referred to as "SBPS"), a subsidiary of SoftBank Corp., will become freee Co., Ltd. (Shinagawa-ku, Tokyo, Japan). We would like to inform you that the cloud accounting software "freee accounting" provided by CEO Daisuke Sasaki will be linked with SBPS's POBO Service（Payment be half of）, making it possible to seamlessly handle everything from invoice capture to transfer. Businesses using "freee accounting" can reduce the burden of payment operations safely and securely while reducing costs, and can also issue and save invoices compatible with the invoice system that started in October 2023. It will look like this.

*As of November 2023, the collaboration between "freee accounting" and SBPS payment agency service has been postponed.

What is the invoice system?

This is a system that started on October 1, 2023 as a purchase tax credit method for consumption tax. To process input tax credits, you will need a qualified invoice with certain items. Individual business owners and corporations are required to take the necessary steps when issuing and receiving invoices. By applying for SBPS's POBO Service（Payment be half of）, businesses using cloud accounting software "freee accounting" can seamlessly process everything from invoice "issuance" and "receipt" to payment transfer to the payee on "freee accounting". It will be possible to do so.

Invoice import ~ Transfer mechanism

Businesses using "freee accounting" can scan and import invoices into the file management function (file box) and easily apply for transfers. By using alerts based on artificial intelligence (AI) technology for the contents of transfer applications, it is possible to carry out transfer operations efficiently while appropriately preventing mistakes. After the transfer application is approved by the approver, by linking the data to SBPS, SBPS will make the transfer to the payee on your behalf. The combination of "freee Accounting"'s innovative transfer function and SBPS's reliable POBO Service（Payment be half of）will create an environment where business operators can perform transfer operations more smoothly and safely.

About cloud accounting software “freee accounting”

The cloud accounting software "freee accounting" has the mission of "making small businesses the leading players in the world," and by developing cutting-edge functions using artificial intelligence (AI) technology and collaborating with financial institutions, we can improve back-office operations. This is a solution that makes it more efficient. For more information, please check the freee Co., Ltd. website.

SBPS will continue to provide highly convenient services that meet the needs of business operators.

• Company names and product / service names mentioned in this press release are registered trademarks or trademarks of their respective companies.

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