Technology Modernization of Budgeting & Reporting Tool for a Leading Japanese Automotive OEM

Our Experience

LTM’s modernization of the legacy budgeting tool helped the OEM leverage advanced analytics capabilities to enhance the accuracy and efficiency in reporting its multi-billion dollar budget. 

Client

Our client is a Japanese multinational conglomerate that manufactures automobiles, motorcycles and power equipment.

Challenges

• Outdated legacy application with manually-intensive processes, prone to errors and inaccuracies [An inaccuracy of 0.5% meant loses projected at multi-million dollars].
• Manual reconciliation with accounting.
• Unsupported tech stack, limiting enhancements, and new features.
• Lack of alignment with the organization’s standard security policies.

LTM Solution

• Upgraded the outdated application from a legacy platform to a better supported Java platform. 
• Migrated applications from thick client to web-based architecture for easy access and better version control. 
• Upgraded applications to ensure compliance to the organizational security policy and OEMs’ security standards. 
• Enabled easy scalability by following industry standard architecture and best practices. 
• Integrated with global reporting applications for enhanced and accurate analytics. 

Business Benefits

• Avoided the risk of business disruption by moving away from an unsupported legacy system. 
• Improved ease of access across all sub-divisions. 
• Improved accuracy by $1.8 million for monthly actuals and enhanced analytical capabilities across all sub divisions. 
• Improved budget accuracy by $9 million. 
• 3,600 hrs of manpower savings through automation and process efficiency.