TOKAI RIKA Selects Domo to Bring Together Disparate Data Systems and Drive its Digital Transformation Initiative

Rhea-AI Summary

Domo has partnered with TOKAI RIKA CO., LTD, a key Toyota Group supplier, to enhance its digital transformation through Domo’s modern business intelligence platform. This collaboration aims to integrate TOKAI RIKA's disconnected legacy systems, facilitating efficient data management and improved productivity. Within three months, the accounting team reported streamlined budget monitoring and reduced manual data reconciliation across 60 departments. The initiative will expand into HR and Production Control to further boost operational efficiency.

Positive

• Partnership with TOKAI RIKA enhances digital transformation efforts.
• Successful integration of legacy systems leading to improved data management.
• Accounting team reported streamlined budget monitoring within three months.
• Reduction in manual data reconciliation across 60 departments.

Negative

• None.

SILICON SLOPES, Utah--(BUSINESS WIRE)-- Domo announced today that TOKAI RIKA CO., LTD., a Toyota Group Tier 1 Automotive Supplier, has chosen Domo’s modern business intelligence (BI) platform to integrate with the company’s disparate legacy systems and drive its digital transformation (DX) initiative forward.

For over 60 years, TOKAI RIKA has been one of Japan’s major automotive-interior parts manufacturers. While the company developed several in-house budget and business management systems, it recently found that these systems could no longer connect and share important data and insights, which in turn led to significant time and effort spent in manual data collection and reconciliation. TOKAI RIKA turned to Domo’s modern BI platform and its portfolio of over 1000 pre-built data connectors to bring together its disparate budget and business systems. With a user-friendly interface, and powerful and intuitive ETL tools, Domo enables TOKAI RIKA with a single source of truth that connects and complements its collection of data systems.

Within the first three months with Domo, TOKAI RIKA’s accounting team was able to accurately monitor its budget with respect to its other business objectives and freed up accounting staff across 60 internal departments from their previously manual data reconciliation and operations. In addition, as a member of the Toyota Group, TOKAI RIKA works with other Domo users at various organizations within the Group companies to develop best practices and share knowledge, in order to maximize data and business performance.

Following the success within Accounting, TOKAI RIKA plans to expand its Domo use into the HR and Production Control departments in order to improve organizational efficiency, speed and productivity, and further accelerate the company’s Digital Transformation efforts.

About Tokai Rika

Tokai Rika Co., Ltd. is driven to innovate "Human Interface" technologies, which help cars communicate better with people. Our goal is for the car to feel like an extension of human sensations and impulses, enhancing the rapport between car and driver. These "Human Interface" technologies enable us to produce automobile control systems and components that accurately relay human commands, as well as security devices that prevent unauthorized entry and safety systems that protect human lives. We are proud to have taken part in building a rich car culture, and we continue to supply innovative systems with state-of-the-art technologies in the 21st century. Giving concrete shape to moving experiences - that is Tokai Rika´s mission.

About Domo

Domo (Nasdaq: DOMO) is the Business Cloud, transforming the way business is managed by delivering Modern BI for All™. With Domo, critical processes that took weeks, months or more can now be done on-the-fly, in minutes or seconds, at unbelievable scale. For more information, visit www.domo.com. You can also follow Domo on Twitter, Facebook and LinkedIn.

Domo, Domo Business Cloud and Domo is the Business Cloud are registered trademarks of Domo, Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211021005282/en/

Cynthia Cowen

PR@domo.com

Source: Domo, Inc.

FAQ

What is the recent partnership announced by Domo and TOKAI RIKA?

Domo has announced a partnership with TOKAI RIKA CO., LTD to integrate its legacy systems and assist in digital transformation.

How has Domo's BI platform helped TOKAI RIKA?

Domo's BI platform has enabled TOKAI RIKA to improve data management, reduce manual operations, and enhance budget monitoring.

What are the future plans for Domo's integration at TOKAI RIKA?

TOKAI RIKA plans to expand Domo's use into HR and Production Control departments to further enhance efficiency.

What improvements have been reported by TOKAI RIKA after using Domo?

TOKAI RIKA's accounting team reported improved budget monitoring and reduced manual data reconciliation tasks.

What is the significance of Domo's partnership with TOKAI RIKA for investors?

This partnership may enhance Domo's market position and growth prospects, positively impacting shareholder value.