Toyota Financial Services (TFS) faced the daunting task of compiling data from a multitude of disconnected sources for their reports. This cumbersome and time-consuming process was becoming increasingly difficult to manage efficiently.
Codec implemented a complete end-to-end data warehouse and reporting BI solution, providing TFS with valuable data insights on contracts, quotes, dealer loans etc. The implementation involved analysing data from multiple sources, integrating it into the Data Warehouse and provide Power BI Reporting.
Toyota Financial Services provides a range of flexible and affordable finance options for new cars and commercial vehicles, as well as approved used vehicles across the island of Ireland.
However, given the nature of their business the TFS faced significant challenges due to a lack of robust reporting capabilities. Their teams had to manually compile reports from data spread across multiple excel spreadsheets, a laborious and time-consuming process. With over 70 reports needed daily, this approach quickly became unsustainable. To make the most accurate business decisions, TFS required access to historical data, daily updates, and point-in-time information. Receiving and interpreting these files every day became a tedious task, overwhelming the team members.
TFS recognised the need for a full migration of its core systems, emphasising the importance of maintaining existing reporting data, while also developing a comprehensive suite of new sales reports. The primary challenge was centralising all the information into a data warehouse, enabling easy and efficient report generation through PowerBI.
"In our early days, our priority was establishing our core systems to get up and running, enabling us to provide quotes for customers and dealers and, ultimately, generate revenue. However, we soon realised that robust reporting was a critical component we should have integrated from the beginning,"
With a proven track record of delivering similar digital transformation projects and creating dynamic shifts in operational efficiencies, TFS turned to Codec. The core solution that Codec delivered included:
Codec prides itself on prioritising ‘doing the right thing’, investing wholeheartedly in TFS's success. From the outset, TFS had a clear vision of their goals, but partnering with Codec's IT experts unlocked even greater value. The collaboration allowed for detailed planning and the suggestion of alternatives that not only met TFS's original objectives, but also provided additional functionality, enhancing the overall project outcomes.
"Codec didn't just blindly follow our requests; they provided consultative advice throughout the process. We quickly realised that Codec's recommendations had a far greater business impact than we anticipated. Their advice and guidance were invaluable"
IT Manager, Toyota Financial Services