Success story: Caterpillar Japan Ltd

Caterpillar Japan Ltd
Caterpillar Japan Ltd

Industry

Industrial & Construction

Customer Profile

Caterpillar Japan Ltd. designs, develops, manufactures, and markets construction equipment.

Market

Japan, Singapore

Tricor Services

Legal support services, ad-hoc advisory services

Customer Since

2008

Seamless integration of accounting system

Tricor helped us, managing that project, collecting the leases, putting them into a system. And they actually wrote the algorithms to define whether or not the lease is a capital or an operating lease. And also define what the accounting treatment is for those leases.

Christophe Dupont, CFO, Board Member

Challenges

The client realised that they had over 18,000 leases (over 360 branches) in paper copy and required to match the legal and accounting treatment to feed the accounting system.

Solution

Created algorithms to define whether or not the lease is a capital or an operation lease so the client can easily utilise the information.

Benefit

Relieved the heavy lifting work and increased efficiency in reporting for the client.

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