Case Study: Toyota Financial Services achieves tax accuracy, visibility and reduced audit exposure with Vertex Inc.'s Indirect Tax for Leasing

Toyota chooses a Tax Solution Designed for Commercial Leasing

Toyota Financial Services (TFS), the financing and leasing arm of Toyota Motor Corporation, faced growing complexity as its commercial leasing business expanded: a legacy tax package couldn’t support SAP Leasing or the 60,000+ U.S. leasing and tax rules across diverse assets. To gain control, visibility and reduce manual work, TFS evaluated solutions and selected Vertex® Indirect Tax for Leasing from Vertex Inc.

Vertex implemented Vertex® Indirect Tax for Leasing, mapping TFS’s SAP data to provide end-to-end transaction visibility, pre-booking compliance checks and richer reporting. As a result, Toyota Financial Services reduced audit exposure, eliminated monthly manual adjustments (redeploying that staff to strategic work), improved accuracy and operational efficiency, and transformed the tax group into a data-driven decision center.

Toyota Financial Services

Dinah Baker

Senior Analyst