TomTom and Axians IFRS 16 Reporting Case Study

This case study details the collaboration between TomTom and Axians to enhance financial reporting in compliance with the IFRS 16 standard. The document outlines the challenges faced by TomTom with their previous IFRS solution, which was developed by an external party and lacked familiarity within the organization. To address this, TomTom adopted the Jedox IFRS 16 module, leveraging Axians' Smart Finance team's expertise for the implementation. The case study describes the technical setup of Jedox, the optimization of the accounting process, and the development of necessary functionalities such as lease contract administration and report generation. The project was completed within five months and resulted in significant time savings for TomTom's accountants, who now complete lease administration in half the time. Additionally, the case study highlights the ongoing efforts to automate other financial processes using Jedox and Power BI, aiming for maximum efficiency in financial operations.