Toyota Financial Services is one of the top ten largest automotive finance companies in the United States, with managed assets totaling more than $50 billion. “We look for the same high level of service quality in our business partners that we expect from ourselves,” said Mike Groff, vice president, Commercial Finance, Strategic Planning and International Operations for TFS. “We have selected SAP because of its experience and reputation in the marketplace.” The SAP offerings will help TFS expand its overall business capabilities while providing a solid foundation for future growth. The SAP implementation will also help TFS bring innovative financial products to market and meet dealer and customer demands more quickly.
SAP’s end-to-end functionality will increase data quality, enhancing credit decisions and approval-to-funding time. SAP will provide TFS with dynamic management tools to analyze work effort expended at each touch point and measure overall business unit performance. Toyota Financial Services is in the initial stages of its implementation of SAP software. SAP provides leasing, banking, insurance and other financial services organizations with best-in-class capabilities for managing end-to-end business processes and their entire enterprise more efficiently.
Source: SAP AG