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Challenge
Increased reporting requirements necessitated a rapid turnaround of information from disparate sites that needed to be verified, consolidated and forwarded to the executive and to Japan. The current systems and spreadsheets were viewed as lacking the flexibility and internal controls to support a robust consolidation and reporting requirement. To this end, Toyota went to the market for specialised consolidation and reporting solutions that, whilst initially focused on the immediate need of consolidations, formed a part of an overall Business Performance Management framework so that future growth and process reformation could be enabled.
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Approach
Toyota contacted Hyperion as it is a recognised leader in this "space" with solid credibility who in turn requested that Taysols, experts in consolidation and reporting, liaise with Toyota with the aim
of mutually analysing Toyota�s requirements and designing a suitable solution.
A web-enabled statutory and management reporting solution was rolled out to eight countries in the South Pacific after a three-month design and build project. Less time is now spent at head office producing
manual reports in spreadsheets and reconciling management and statutory data. Management reports, that previously were different in each country, are now accessed by all users from a centrally defined
report repository ensuring consistency across the group.
"Taysols' consolidation expertise added great value to reforming our group reporting processes; jointly we designed and deployed a solution that is future-proof and forms the basis of an ongoing strive
towards better a Business Performance Management practice. Taysols' dedication to this project was remarkable." -
Dinesh Chand, Group MIS Manager