Signify, a global leader in lighting solutions, needed to improve efficiency and quality control across 100+ company codes, eliminate multiple closing tools and reduce manual tasks.
By implementing Aico’s Reconciliations, Closing Task Manager and Journal Entry modules, they achieved:
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99.9% success rate with 118.500 journals created, posted and approved
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Real-time reporting with 15-second dashboard refresh rates
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30% reduction in obsolete tasks within 1 year
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250–350 additional reconciliations per company code
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58% automation BSAR’s auto signed off, from 0% in the previous solution
“Before Aico, we spent up to 90 minutes preparing a report. Now, we get real-time updates in seconds.”
— Andrzej Wieczorek, Finance Project Manager, Signify
Ready to Simplify Your Financial Close Solutions?
See our infographic on the most common state of enterprise financial close, and see for yourself how this can be made simpler with Aico.
If you would like more information about Aico, please get in touch or watch our demo.
