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Saturday, December 2, 2023

Centralized Management of Overseas Business Risks in the SDG/ESG Era! Glocalist" started providing services in 5 countries!

Glocalist officially launches the Vietnam, India, Thailand, Indonesia, and Malaysia versions of Glocalist, a global risk management tool that detects, shares, and organizes business risks for companies expanding overseas, for a total of five countries!
The company has already been providing the Vietnam and India versions of "Glocalist" on a trial basis since October 2022, bringing the total number of countries served to five.
The company has completed external financing of approximately 130 million yen to date. The company plans to expand its coverage to 13 areas in 11 top-tier countries where Japanese, EU, and U.S. companies are expanding overseas.

About "Glocalist

Glocalist is a global risk management tool that immediately detects, shares, and centrally manages overseas business risks.


Glocalist's "Public Notice Database" and other functions enable immediate detection of overseas business risks and prompt countermeasures to avoid withdrawal from local operations and unexpected sanctions, thereby significantly reducing business losses through appropriate risk-taking.
We can realize the vision of corporate management and risk management required in the SDG/ESG era, and connect business risks to business opportunities.

Launch Background ・Objectives

The number of overseas offices of Japanese companies has increased from 35,134 in 2005 to 2,291 TP3T today (*2), and even the Corona Disaster has seen a steady increase from 'trade' to 'localization'.
On the other hand, the percentage of Japanese-affiliated companies that experienced difficulties in business succession due to uncertain systems or sudden changes in regulations by the government of the country of operation was 41.81 TP3T (*3), with about half of these companies facing difficulties in dealing with local issues.

In recent years, we have entered the "SDG/ESG(*4) era," in which corporate efforts to address social issues have shifted from a philanthropic tone to a management strategy itself. Furthermore, the presence of "geopolitical risk," "environmental policy including carbon neutrality," and "economic security risk" is rapidly increasing as important risks that must be addressed in management strategies.

In order to solve the increasingly complex issues of overseas risks and their impact on supply chain management in the SDG/ESG era, the company has developed a next-generation global risk management tool, "Glocalist," which provides highly reliable local information in real time and enables centralized management, visualization, and communication. Glocalist" is a next-generation global risk management tool that delivers highly reliable local information in real time and enables centralized management, visualization and communication.


*1:India, Vietnam, China (mainland, Hong Kong, Taiwan), U.S.A., Singapore, Thailand, Indonesia, Philippines, Germany, Mexico (countries supported as of February 2023: Vietnam, India, Thailand, Indonesia, Malaysia)
*2: Ministry of Foreign Affairs 2019/2020 survey
*3: JETRO 2020 Questionnaire
4:In addition to financial information, there is a movement to consider non-financial information such as the environment, society, and the governance that supports them in management.

Glocalist" Main Features

Publications] - Reliable primary time information delivered within 24 hours.
Information from public offices, local governments, and external organizations in various countries is translated and posted in local language/Japanese/English within 24 hours of transmission. Information can be detected quickly.

Suggestions] - Experts explain local risks.
Explanatory articles by lawyers and other experts familiar with the situation and laws of each country. It provides a quick and systematic understanding of topics such as personal information protection laws, labor laws, and taxation systems that you want to keep abreast of changes.

Risklist - Tag and list risks.
Pick up "Publications" and "Suggestions" to tag, manage, and share risks that are of high importance to your business. Organization x Tags x Status allows for more detailed management and allows you to manage the implementation schedule of countermeasures and prevent omissions of responses.

Actions] - Register countermeasures for each risk.
Centralized management of progress managementManage what measures to take in response to risks that have been picked up. Task management and communication among users are possible, and Glocalist enables centralized management from risk detection to organization and execution of countermeasures.

What "Glocalist" can do for you

Enables immediate and appropriate response to a global pandemic - Globalization of corporate functions
In recent years, the response to COVID-19 infection control measures has varied from country to country and region to region. In Vietnam, tightening measures to tighten movement in line with infection control measures have made domestic movement across provinces impossible, resulting in supply chain disruptions and stagnation.
The corporate division at the head office is not able to immediately obtain local information such as details of each business, its current status, laws and regulations, and the policies of the authorities. When a quick response is needed, such as "overseas development is promoted mainly by business divisions, and the corporate division that follows them is not able to add value to the business divisions," or "the corporate division at the headquarters is not able to establish an information flow to immediately obtain local information such as details of each business, current status, laws and regulations, and policies of authorities," Glocalist's Actions and Risklist enable prompt risk management and response, and immediate risk sharing and centralized management are possible. Actions" and "Risklist" of Glocalist can be used to manage and respond to risks as a company.

Avoiding unnecessary fines - Conforming to international law and global governance.
In the past, there was a case in which a fine of RMB 669 million (approximately 12,042 million yen) was imposed due to a violation of the local antitrust law in China. Such cases include the following: "Insufficient domestic systems are in place to provide accurate instructions overseas," "Risk management policies, manuals, and examples have been prepared in compliance with Japanese domestic laws, but the policies, manuals, and examples have not been prepared and translated in time for compliance with global standards and at that level," and "Overseas group companies are not reporting risk detection to us. Even when reports of risk detection are received from overseas Group companies, the corporate division is unable to provide appropriate evaluation, analysis, and instructions for countermeasures, resulting in rampant arbitrary decisions by overseas Group companies (decisions made by overseas Group companies sometimes violate international laws and global governance, even though they comply with local laws), etc. By using the "Suggestions" function of Glocalist, you can avoid various risks by operating measures to ensure that your company complies with complex local laws, international laws, and global governance.

Glocalist" Fee Structure

Recommended for those who want to gather information first.
light account" 48USD/6,380 yen/month/1ID/1license(country) (some functions are limited)

■All functions of "Glocalist" are available
basic account" 96USD/13,200 yen/month /1ID/1license(country)

Details → service site URL:https://glocalist.world/*30-day free trial available
Yen prices will be revised once a year due to exchange rate fluctuations (announced in October each year and applied in the following January).

About Glocalist, Inc.

name of companyGlocalist Inc.
EstablishmentJune 5, 2020
LocationHamamatsucho Dia Building 2F, 2-2-15 Hamamatsucho, Minato-ku, Tokyo
representativeMami Yoshikawa, Representative Director and CEO
Business OverviewFor companies with global operations
Research, development, operation and maintenance of mission-critical systems and software
uniform resouce locatorGlocalist" service site:https://glocalist.world/
Corporate website:https://glocalist.co/

Funding Summary

Total amount raised
 Approx. 130 million yen
[Investors (titles omitted, in no particular order)
Quantum Leap Ventures, Inc.
CyberAgent Capital, Inc.
Coconara Skill Partners Inc.
Zero One Booster Capital Inc.
MS-HAYATE No.1 Investment Limited Partnership
Use of funds
Further functional enhancement and expansion of countries (editions) served
Establishment of a system for sales expansion

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