Toyota Finance Corporation provides financial services supporting Toyota customers and businesses in Japan. As financial and management data volumes continued to grow, the finance team needed faster access to reliable information and greater analytical flexibility to support timely business decisions.
The existing environment required significant manual effort to aggregate and analyze large volumes of data. Processing logic was difficult to trace, while limitations in the legacy database made it increasingly challenging to manage complex allocation patterns and provide the level of analysis required by the business.
Toyota Finance Corporation selected CCH® Tagetik to create a more flexible Corporate Performance Management environment. The platform centralized financial and management data and provided configurable allocation logic, transparent calculations, and greater analytical capabilities.
Today, Toyota Finance uses CCH® Tagetik across three key areas: budget control, actual performance management, and lifecycle profit-and-loss management. Budget and actual data can be analyzed within the same environment, while management reporting provides business units with faster access to relevant financial information.
Results and Benefits
The transformation significantly accelerated monthly finance processes and created more capacity for value-added analysis:
- 50% reduction in monthly aggregation and management reporting time
- Approximately 10 business days saved in the monthly reporting cycle
- Data aggregation reduced from around 10 business days to one day or less
- Faster access to financial information tailored to individual business units
- Better connection between budget and actual data for performance analysis
- More finance team capacity for higher-value analysis and management insights
By centralizing data and improving access to financial information, Toyota Finance Corporation created a more efficient environment for budgeting, performance management, and decision support.
