Case Studies A Perfectly Oriented Cash Flow

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	A Perfectly Oriented Cash Flow

A Perfectly Oriented Cash Flow

Technology Category	Analytics & Modeling - Predictive Analytics Functional Applications - Enterprise Resource Planning Systems (ERP) Functional Applications - Remote Monitoring & Control Systems
Applicable Industries	Automotive Software
Applicable Functions	Business Operation
Services	Cloud Planning, Design & Implementation Services System Integration
Challenge	TomTom faced two core treasury challenges: the need for regular reporting and monitoring to gather insightful information for decision-making and financial analysis, and the issue of disparate data scattered across 125 bank accounts within 56 different entities globally. These challenges made their existing processes very manual and time-consuming, necessitating a more efficient solution. Read More
About Customer	TomTom is a world-leading mapmaking technology company, providing location technology for drivers, carmakers, enterprises, and developers globally. Founded in 1991 and headquartered in Amsterdam, TomTom released their first generation of satellite navigation devices to the market in 2004. The company leverages decades of insights in everything they do, including maps, digital cockpit solutions, navigation software, routing and ETAs, APIs, and traffic data. With an annual turnover of €701 million, TomTom operates 125 bank accounts across 56 different entities worldwide. Read More
Solution	TomTom's treasury team selected TIS CashOptix after a rigid selection process to address their needs. CashOptix provided solutions for three main focus areas: actuals, forecasts, and reporting. For actuals, CashOptix automated the import of bank statements (MT940) using ready-built connectivity plug-ins and an automatic integrating link via SFTP, giving TomTom an overarching view of their balances. For forecasts, the cash flow forecasting module was loaded with AR data from file uploads and AP data from SAP for approved invoices, resulting in a well-coordinated cash forecasting process with high granularity. The manual input included a clear audit trail, allowing HQ to identify and monitor manual adjustments. For reporting, FX and management reports were aggregated to a consolidated view, creating clear oversight, increased financial control, and a proactive response to volatility. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Predictive Analytics

Functional Applications - Enterprise Resource Planning Systems (ERP)

Functional Applications - Remote Monitoring & Control Systems

Applicable Industries

Automotive

Software

Applicable Functions

Business Operation

Services

Cloud Planning, Design & Implementation Services

System Integration

Challenge

TomTom faced two core treasury challenges: the need for regular reporting and monitoring to gather insightful information for decision-making and financial analysis, and the issue of disparate data scattered across 125 bank accounts within 56 different entities globally. These challenges made their existing processes very manual and time-consuming, necessitating a more efficient solution.

About Customer

TomTom is a world-leading mapmaking technology company, providing location technology for drivers, carmakers, enterprises, and developers globally. Founded in 1991 and headquartered in Amsterdam, TomTom released their first generation of satellite navigation devices to the market in 2004. The company leverages decades of insights in everything they do, including maps, digital cockpit solutions, navigation software, routing and ETAs, APIs, and traffic data. With an annual turnover of €701 million, TomTom operates 125 bank accounts across 56 different entities worldwide.

Solution

TomTom's treasury team selected TIS CashOptix after a rigid selection process to address their needs. CashOptix provided solutions for three main focus areas: actuals, forecasts, and reporting. For actuals, CashOptix automated the import of bank statements (MT940) using ready-built connectivity plug-ins and an automatic integrating link via SFTP, giving TomTom an overarching view of their balances. For forecasts, the cash flow forecasting module was loaded with AR data from file uploads and AP data from SAP for approved invoices, resulting in a well-coordinated cash forecasting process with high granularity. The manual input included a clear audit trail, allowing HQ to identify and monitor manual adjustments. For reporting, FX and management reports were aggregated to a consolidated view, creating clear oversight, increased financial control, and a proactive response to volatility.

Impact #1	Automation of the working capital process, reducing manual effort and increasing efficiency.
Impact #2	Improved reporting process to management, providing clear and consolidated financial insights.
Impact #3	Enhanced continuity and reduced key-man risk exposure, ensuring smoother operations and better risk management.

Impact #1

Automation of the working capital process, reducing manual effort and increasing efficiency.

Impact #2

Improved reporting process to management, providing clear and consolidated financial insights.

Impact #3

Enhanced continuity and reduced key-man risk exposure, ensuring smoother operations and better risk management.

Benefit #1	701€ million annual turnover managed more efficiently.
Benefit #2	125 bank accounts and 56 different entities consolidated for better financial oversight.

Benefit #1

701€ million annual turnover managed more efficiently.

Benefit #2

125 bank accounts and 56 different entities consolidated for better financial oversight.

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Overview

A Perfectly Oriented Cash Flow

Operational Impact

Quantitative Benefit