Today, CFOs aim to find ways to optimise the finance operations under difficult circumstances due to the current unstable inflation. They try to provide strategic insights, better controls and accurate reporting. Legacy finance tools struggle to meet these modern demands. Also, manual processes and spreadsheet workflows are slowing teams down, resulting in more mistakes and putting all the work at risk.
That’s why CFOs are turning to automation to lead the way. The modern finance AI models boost productivity and reduce risks by using advanced tools that highlight business areas for optimisation.
Legacy finance tools were not designed for today’s dynamics. While some may work fine, others often cause challenges, including high costs, limited integration capabilities, data silos and security vulnerabilities. These outdated systems can’t meet business needs and evolve with innovations at the defined pace, impacting the strategic decision-making and slowing down the efforts to make improvements.
Also, legacy systems aren’t made to handle increased data volume that comes with business growth. The lack of scalability puts the business in trouble, not only for managing the work and financial costs, but also for not taking advantage of more opportunities for improvement.
The time-consuming tasks are another issue for the employers, because they focus on more repetitive tasks and waiting for approvals. Simply put, legacy tools are not built for speed, scalability or strategic insight. The conclusion is simple - CFOs need a smarter, more integrated approach.
CFOs benefit from modern automation solutions, which enable them to take advantage of financial improvement potential. Choosing automated tools enhances efficiency, reduces errors, saves time and improves the overall work. These systems also offer crucial data insights for decision-making, which puts a company ahead of the competition. At the same time, automated tools improve security and save the company’s image from financial damage like fraud.
As a financial close automation platform, Aico unifies and automates all core financial close processes into one interface so CFOs and other teams can work faster, smarter and with greater efficiency. Just like all the modern tools, it provides:
Automated finance tools enable CFOs to streamline operations and accelerate closing cycles. By replacing manual processes with finance intelligent automation, finance leaders are ready to lead modern finance functions for business growth.
Finance managers now can modernise and streamline their departments thanks to the development of sophisticated finance automation solutions. These systems support many essential financial tasks including financial reporting, expense monitoring, reconciliations and period-end closes. This change improves the team's overall financial performance.
From journal entries and reconciliations to reporting and compliance, automation reduces errors, accelerates workflows, and enhances data accuracy. For CFOs, the result is a more agile, better finance function that supports strategic growth and long-term value.
With real-time access to accurate data and seamless integration across ERP systems, finance teams can make faster, more informed decisions. Automation also enhances transparency and audit readiness, with built-in controls and traceable activity logs that simplify regulatory compliance. In an increasingly competitive market, automation has become a crucial modern leadership tool.
Do you know that Aico empowers all the steps that lead towards a correct period-end close?
Automation is a must these days and finance teams are no exception. It's an investment in productivity and optimization, embracing the modern approach while reducing operational risks. When used properly, automated finance solutions bring long-term success for both financial teams and the entire company they support.
Aico, as a market leader in the Nordics, UK and EU, takes a step further into delivering an integrated closing platform that connects to many ERP systems. If you think about replacing the legacy tool that slows back your company, it's time to make a difference.