Polaris Office Partners with GS ITM for Internal Accounting Management Solution

[Asia Economy Reporter Jang Hyowon] Polaris Office, a specialist in office software, announced on the 6th that it has signed a business agreement with GS ITM, a B2B (business-to-business) platform service specialist company, to support internal accounting management systems and solution integration.

(From left) Jo Jae-yeon, Head of GS ITM ERP Division, Lee Hae-seok, Head of Polaris Office Business Division. / Photo by Polaris Office

The two companies agreed to establish a mutual cooperation system between Polaris Office’s IT service management and project management solution ‘Atlassian’ and GS ITM’s internal accounting management specialized solution ‘U.STRA ICS’. They are currently discussing solution integration to provide optimal internal accounting management systems to clients and plan to continue joint sales, marketing, and promotional collaborations.

With the expansion of the scope of the New External Audit Act (New External Audit Law), from next year, companies with assets exceeding 100 billion KRW, and from 2023, all listed companies will be subject to the New External Audit Act. As IT system operation and management have become key items in accounting audits to ensure transparency, listed companies are rushing to establish IT General Controls (ITGC) requirements.

A Polaris Office representative stated, “By linking ‘Atlassian’s’ IT Service Management (ITSM)-centered IT general control management solution with ‘U.STRA ICS’s’ internal accounting management system, we will build an effective IT control environment and an efficient internal accounting audit management process.” He added, “Following the solution integration between the two companies, we will support a system that can flawlessly respond to the strengthened internal accounting management system after the New External Audit Act through close collaboration in sales and marketing.”

Polaris Office is an official platinum partner of the global enterprise management solution ‘Atlassian’. It provides consulting, technical support, and training services for Atlassian solutions such as the project management solution Jira, knowledge management solution Confluence, IT service management solution Jira Service Management, code management collaboration solution Bitbucket, and build automation solution Bamboo.

‘Atlassian’s’ solutions are designed to meet key IT requirements under the internal accounting management system, such as change tracking management, access rights management, and approval management, tailored to clients’ work environments. This enables not only audit response but also the advancement of ITSM processes considering work standardization.

GS ITM’s ‘U.STRA ICS’ provides an internal accounting management system focused on improving the efficiency and convenience of audit response tasks. With powerful data linkage capabilities, it can customize internal accounting management control items for each company, including enterprise resource planning (ERP) and human resources management (HR), enabling immediate and efficient responses to auditors’ demands.

This content was produced with the assistance of AI translation services.