TomTom, a global leader in map-making and GPS technology with €701 million in annual turnover, faced challenges managing 125 bank accounts across 56 entities, with manual, time-consuming cash reporting and forecasting. To address this, the company implemented TIS CashOptix, which automated bank statement imports, consolidated FX and management reports, and enhanced forecasting accuracy through ERP backtesting and clear audit trails. The solution cut time spent on compiling forecasts and reports by about 70%, reduced operational errors, improved visibility and control, and lowered key-man risk. TomTom now benefits from faster, more accurate, and fully automated treasury workflows.

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