Toyota Financial Services Streamlines and Digitizes Financial Close Process with Adra® by Trintech
Toyota Financial Services reduces manual work and gains control over the financial close process with Adra Balancer.
About Toyota Financial Services
Toyota Financial Services Corporation (TFSC), wholly owned by Toyota Motor Corporation (TMC), was established in July 2000 as a holding company of Toyota’s financial subsidiaries worldwide and offers financial products and services to support Toyota vehicle sales such us Toyota or Lexus in more than 30 countries/ locations. In Sweden Toyota finances around 39.000 vehicle contracts with a value of SEK3.9 billion.
Business Drivers to Automate
With the need to move to an automated solution, Toyota Financial Services in Sweden knew they needed to move beyond the capabilities of spreadsheets. “I was very tired of using Excel as a professional tool for established processes,” said Robert Erkers, Finance Manager at Toyota Financial Services in Sweden. “It is good as an ad hoc solution but useless for established processes.”
After evaluating a few solutions, Toyota Financial Services decided to implement Adra. Toyota Financial Services is using Adra Balancer for the month-end close process, to gain control over the entire process with full visibility, a complete overview and greater accuracy. “We no longer have to use binders to archive our financial data because the solution archives everything electronically,” continued Erkers. “It has also simplified our working routines due to the different permission levels that the solution offers.”
Read the Full Case Study
Learn more about building a mutually beneficial partnership with Trintech to help you scale your business and meet your clients’ financial close needs.
See a Adra Demo
We work closely with leading agency, advisory, BPO and technology experts that live and breathe financial close transformation, understand your industry.