AI Expense Reimbursement Solution "SAPPHIRE"

Miletos Co., Ltd. (Chuo-ku, Tokyo, President and CEO: Yasufumi Takahashi) is pleased to announce that Wakayama Medical University (Chairman and President: Kazuhisa Miyashita) has decided to implement its expense reimbursement solution, "SAPPHIRE for Enterprise." Official operations will begin in June 2024, and it is expected to be used by all employees (approximately 3,000 individuals). "SAPPHIRE for Enterprise" aims to streamline, enhance, and strengthen the control of the expense reimbursement process. Rather than merely digitizing parts of the process, it seeks to fundamentally transform the process itself by eliminating human intervention through data and AI. By utilizing various data, AI will create expense data without the need for input, and by executing checks during the creation of expense data, it will establish an approval-free and check-free system, achieving significant reductions in the labor required for expense reimbursement while simultaneously enhancing control.

Miletos Co., Ltd. (Chuo-ku, Tokyo, President and CEO: Yasufumi Takahashi) announces that it has conducted fundraising in an angel round, led by Yayoi Co., Ltd. (Chiyoda-ku, Tokyo, President and Executive Officer: Takahiro Maeyama), with multiple investors. With this fundraising of approximately 550 million yen in total, we plan to further increase our talented workforce and work on improving our products.