How AkzoNobel standardised their global financial close process with Aico

Transform Financial Close Processes with Aico

AkzoNobel, a multinational leader in paints and coatings, sought to modernize and standardize its financial close process across 270+ entities and six global locations. By implementing Aico, they streamlined operations, improved visibility, and automated key accounting tasks.

Key Challenges:

• Managing financial close across six SAP systems and thousands of operating procedures.
• Lack of a centralized platform to monitor journal entries, reconciliations, and closing tasks.
• Need for a scalable and user-friendly solution to enhance efficiency.

Aico’s Solution:

• One-Stop-Shop for Finance: Integrated financial close, journal entries, and reconciliation in a single platform.
• Automation & Efficiency: Eliminated manual tasks, reducing workload and improving speed.
• Real-Time SAP Integration: Enabled seamless data synchronization across all SAP instances.
• Enhanced Visibility & Compliance: Provided a single source of truth for audits, ensuring compliance with global standards.

Results & Business Impact:

• Rapid Implementation: Expanded from 4 to 205 company codes within months, covering 90% of operations.
• Increased Efficiency: Automated processes like balance sheet reconciliation, reducing manual effort.
• Scalability & Growth: Standardized processes across 80+ countries, supporting AkzoNobel’s global operations.

See how Aico helped AkzoNobel optimize financial close operations.

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