Case Study: TomTom cuts IFRS 16 reporting time by 50% with Jedox

TomTom cuts IFRS 16 administration time by 50% with Jedox

TomTom, a global leader in navigation and mapping technology, faced a challenge with inefficient and opaque lease accounting processes under new IFRS 16 regulations. Their legacy system, developed by an external party, created manual work and limited transparency. To streamline compliance and integrate with their financial planning, TomTom turned to the Jedox platform for a solution.

With guidance from implementation partner Axians, TomTom built a tailored IFRS 16 solution using Jedox. The platform automated contract administration, calculations, and reporting, centralizing the entire workflow. As a result, TomTom slashed the time spent on lease administration by 50% and achieved significant software licensing cost savings with Jedox, creating a more efficient and scalable finance function.

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