Fujitsu and Mizuho Bank partner to develop new order and payment processing service for SMEs

Fujitsu Limited and Mizuho Bank, Ltd. today announced a collaboration to develop a new order and payment processing service aimed at creating new value and supporting the sustainable growth of small and medium-sized enterprises (SMEs). This collaboration is driven by a shared goal to co-create next-generation data-driven services.

Prior to the service development, both companies successfully established a technology to automatically convert and link disparate order data formats used by ordering/purchasing companies and receiving/delivering companies in the distribution industry. This achievement has enabled a reduction of up to 70% in order processing and reconciliation tasks (operations to clear outstanding balances related to accounts receivable and payable), which were previously performed manually.

Through this initiative, both companies aim to jointly create next-generation corporate services that leverage data to support the creation of new value and sustainable growth for mid-sized and small and medium-sized enterprises.

The two companies have successfully demonstrated a technology that automatically absorbs and converts differences in data structures and formats between Ryutsu Business Message Standard (Ryutsu BMS,) a standard EDI in the distribution industry used by purchasing companies, and Common EDI for Small and Medium-sized Enterprises used by receiving/delivering companies. This was achieved by utilizing Fujitsu Japan Limited's distribution EDI service TradeFront/6G.

Through this demonstration, conducted with the cooperation of purchasing companies using Ryutsu BMS and delivering companies using Common EDI for Small and Medium-sized Enterprises, it was confirmed that approximately 70% of order processing tasks were streamlined by eliminating manual input and conversion work.

Based on this technology, Fujitsu and Mizuho Bank will promote the creation of next-generation services that fundamentally digitalize manual operations by integrating and linking disparate order data across different industries, beyond the distribution sector, on a single service platform. This will seamlessly connect order processing and payment operations that were previously fragmented between large enterprises and mid-sized and small and medium-sized enterprises. Furthermore, by addressing diverse funding needs through financing methods that utilize order data, the companies will respond to various customer requirements.