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Treasury Strategy & Transformation
Published  4 MIN READ

Speed and Agility: A New Forecasting Regime in Days

Joyson Safety Systems switched from an existing Excel-based forecasting tool to a much more efficient web-based solution, but the project was set against a very tight deadline. Here’s how Britta Baier, Director EMEA Corporate Finance & Treasury, and her team, made it happen.

When Joyson Safety Systems (Joyson) set out to implement comprehensive and uniform group-wide cash flow forecasting capabilities, its chosen partner, TIPCO, was presented with another far more testing requirement: a go-live within just a few days.

US-headquartered Joyson, a subsidiary of Ningbo Joyson Electronic Corp, is a global leader in mobility solutions for diverse markets, operating across 25 countries. They took over former Takata AG, headquartered in Japan, a few years ago.

According to Baier, responsible for the EMEA region, the plan first emerged around five years ago. It wanted a system capable of importing all accounts receivable and payable from its SAP system in order to create transparent and accurate forecasting for all subsidiaries.