Samil Accounting Corporation and CCK Solution Sign MOU to Develop AI Accounting Automation Tool

From Financial Statement Preparation to Internal Accounting Evaluation
Scheduled for Release in the Second Half of the Year

On the 31st, Samil Accounting Corporation announced that it has signed a Memorandum of Understanding (MOU) with CCK Solution, an accounting information technology (IT) solutions company, to jointly develop and market an automation tool for cash flow statements, notes, and internal accounting evaluations using artificial intelligence (AI).

Samil PwC and CCK Solution are posing for a commemorative photo after signing a business agreement. From the left, Seungho Lee, Head of Finance at Samil PwC; Hyunsu Cho, CEO of CCK Solution; Junki Hong, Head of Audit at Samil PwC; Yongju Lee, Director of CCK Solution.
[Photo by Samil PwC]

Samil Accounting Corporation is the first in the industry to provide digital solution services in the field of corporate accounting. Through this agreement, the digital capabilities related to accounting will be combined with CCK Solution's AI innovation technology to maximize the efficiency of accounting tasks and provide more precise and faster accounting services. The automation tool is planned to be launched in the market as early as the second half of this year.

The accounting automation tool, based on trained AI, performs not only the preparation of financial statements and notes but also automates internal accounting evaluations. Through this automation tool, companies can reduce the labor-intensive internal accounting self-assessment tasks that previously relied on manual work, and manage their internal control systems more thoroughly, thereby enhancing accounting transparency.

Cho Hyun-soo, CEO of CCK Solution, stated, “There were limitations in natural language processing and accounting data handling with conventional programming, but through collaboration with Samil and AI technology, we were able to overcome these challenges and develop an end-to-end system.”

Lee Seung-hwan, Digital Leader of the Audit Division at Samil Accounting Corporation, said, “The joint development of the accounting automation AI tool will be an important turning point accelerating the digital transformation of accounting tasks,” adding, “We will continue to provide the best accounting services to our clients through digital innovation.”