Case Study: TomTom achieves faster, more accurate financial reporting with Workiva

TomTom speeds financial reporting with Workiva during COVID-19

TomTom, a leading independent location technology specialist, faced a disconnected financial reporting process that involved excessive manual work. This inefficiency, which included repeatedly entering data across Word documents, Excel spreadsheets, and presentations, prevented their reporting team from focusing on analysis and adding value to the company. To address this challenge, TomTom implemented the Workiva platform.

With Workiva, TomTom created a single source of truth for its data, connecting narratives and numbers across all documents to eliminate inefficient manual processes. This solution provided greater transparency and accuracy, and allowed for real-time collaboration. The results were a tremendous improvement in reporting speed and accuracy. TomTom achieved one of its fastest reporting cycles ever during the COVID-19 outbreak while working remotely, finishing ahead of deadline without working excessive hours. The Workiva platform gave the team full trust in their information and restored a sense of control.

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