Case Study: TI Automotive achieves faster IFRS 16 compliance and streamlines 3,000 global leases with CCH Tagetik Lease Accounting

TI Automotive Can Now Deliver Their Lease Accounting IFRS 16 Reporting Across the Globe

TI Automotive, an Oxford‑based global manufacturer of automotive fluid systems, faced the challenge of becoming IFRS 16 compliant across a complex estate of 2,000–3,000 leases. With operations in multiple countries, the company needed a single, consistent global system—Excel or disparate local tools could not ensure the standardization and reliable data required for disclosure and consolidation.

TI Automotive implemented CCH Tagetik Lease Accounting (IFRS 16 & ASC 842) on the cloud, which standardized lease processes across its global network and consolidated lease data into one source. The solution delivers disclosure‑ready reports almost at the push of a button, enables rapid scenario modelling for board‑level queries, and has greatly improved reporting consistency and speed.

TI Automotive

Simon Howell

Group Chief Accountant