LayerX and MUFG Bank enter into partnership for corporate expense management

LayerX and MUFG Bank have signed a business alliance agreement and will begin working together to improve productivity throughout Japan by solving the management issues of their corporate clients.

Background of the business alliance

LayerX and Mitsubishi UFJ Bank signed a memorandum of understanding (MOU) on a business partnership in April 2024 with the aim of supporting business transformation, such as improving operational efficiency, sophistication, and capital efficiency, in areas such as corporate expenditure management, which is essential for corporate activity.

The two companies have now entered into a business alliance agreement with the aim of providing further added value to more customers by combining LayerX’s knowledge, services, and customer base in the corporate expense management field with MUFG Bank’s knowledge, know-how, services, and customer base in the financial field.

Details of the business partnership

In this business alliance, the two companies have agreed to promote collaboration based on four themes:

• “Collaboration in improving customer business efficiency,”
• “Collaboration in the area of ​​corporate expenditure management x bank payments, etc.,”
• “Collaboration in the area of ​​corporate cards,” and
• “Collaboration in data utilization business in the area of ​​corporate expenditure management.”

By advancing these strategies, the two companies will contribute to improving the business efficiency of companies in the area of ​​corporate expenditure management, and will pursue the enhancement of the corporate value of both companies and the resolution of social issues.

As part of each collaboration theme, “collaboration to improve customer business efficiency,” LayerX will begin offering “Bakraku for MUFG,” a corporate expense management efficiency SaaS service, to MUFG Bank’s corporate customers. The value of Bakraku, which smoothly consolidates tasks related to corporate expense management such as invoice processing, expense settlement, and invoice issuance with support from AI, will be gradually delivered to MUFG Bank’s customers.

In addition, in the area of ​​”collaboration in the area of ​​corporate expenditure management x bank settlement, etc.”, the two companies will promote collaboration between each Bakraku service and various settlement services of Mitsubishi UFJ Bank and the implementation of joint marketing. In addition, in the area of ​​”collaboration in the area of ​​corporate cards,” they will consider system integration of Bakraku services and corporate card details with MUFG Group companies. In the future, as “collaboration in the area of ​​data utilization business in the area of ​​corporate expenditure management,” they will consider new business that combines data related to the use of Bakraku services with settlement data held by Mitsubishi UFJ Bank.

Going forward, LayerX and MUFG Bank will continue to collaborate by leveraging their strengths and assets to provide high-value-added services to corporate clients and resolve management issues, thereby contributing to improving productivity across Japan and achieving the MUFG Group’s purpose of “Being a force for the world to move forward.”

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