--- title: "Transforming Financial Close Processes with Advanced Automation: The Signify Success Story" description: Join experts from Aico and Signify to discover the power of automation within financial close processes. image: https://blog.aico.ai/hubfs/Watch%20on%20demand.png --- [![AICO - go to homepage](https://blog.aico.ai/hubfs/Images/Placeholder%20assets/AICO%20Primary%20-%20Small%20turqoise.svg "AICO - go to homepage")](https://aico.ai) [![Aico](https://blog.aico.ai/hubfs/raw_assets/public/Aico-2024/images/aico-logo-blue.svg "Aico")](https://aico.ai/) Open navigation - [Platform](https://aico.ai/the-most-advanced-financial-close-platform-for-enterprises-aico) - Financial Close Solutions - [Closing Task Manager](https://aico.ai/aico-closing-task-manager) - [Journal Entries](https://aico.ai/aico-journal-entries) - [Account Reconcilation](https://aico.ai/account-reconciliations) - [Transaction Matching](https://aico.ai/aico-transaction-matching) - [Intercompany Invoicing](https://aico.ai/intercompany-invoicing) - [Manual Payments](https://aico.ai/aico-manual-payments) - [Financial Requests](https://aico.ai/financial-requests) - Compliance and Monitoring Solutions - [Account Monitor](https://aico.ai/aico-account-monitor) - [Variance Monitor](https://aico.ai/variance-monitor) - [Compliance Task Manager](https://aico.ai/aico-compliance-task-manager) - [Integrations](https://aico.ai/aico-integrations) - [SAP Live Integration](https://aico.ai/aico-sap-integration) - [Oracle Live Integration](https://aico.ai/aico-oracle-erp-integration) - [Dynamics 365 Live Integration](https://aico.ai/aico-microsoft-dynamics-integration) - [AI for financial close](https://aico.ai/ai-for-financial-close) - [Aico's AI for financial close](https://aico.ai/ai-for-financial-close) - [AI Webinar Series](https://content.aico.ai/ai-financial-close-webinar-series) - [Customers](https://aico.ai/aico-customer-cases) - [Partners](https://aico.ai/aico-partner-network) - [Partner network](https://aico.ai/aico-partner-network) - [Partner program ](https://aico.ai/aico-partner-program) - [Resources](https://aico.ai/resources) - [Webinar](https://aico.ai/webinars) - [Glossary](https://aico.ai/glossary) - [Blog](https://blog.aico.ai/blog) - [About us](https://aico.ai/about-us) [ Support ](https://pacera.refined.site/) ![language-icon](https://blog.aico.ai/hubfs/icons/Globe.svg) English ** [English](https://aico.ai?hsLang=en) [German](https://aico.ai/de/aico-exzellenz-im-finanzabschluss?hsLang=de) [![BOOK A DEMO](https://no-cache.hubspot.com/cta/default/9489670/interactive-191334439701.png) ](https://blog.aico.ai/hs/cta/wi/redirect?encryptedPayload=AVxigLLw6m40CMzkt2gfbjn8QHeBt4K9I453ZRkzsAG7TxyRsDM6ui%2F4MajlXbT5kQurP3XRmgfJyq9twNe8kFGvfHrNrR%2Fph7NptQZMOVdeST%2Bv3iJCFhmIe9GPEXvTovXx%2FO6k8HXmSzHnOtebV9vMxuwSYqFudxAMi86mJK%2FXwIxinQXkmRHjbRs%3D&webInteractiveContentId=191334439701&portalId=9489670) # Transforming Financial Close Processes with Advanced Automation: The Signify Success Story [Aico](https://aico.ai/)   /  [Resources](https://blog.aico.ai/resources)   /   Transforming Financial Close Processes with Advanced Automation: The Signify Success Story Publish Date: 16.12.2024 A robust financial close process is crucial for accurate, timely, and compliant financial reporting. However, a lack of standardisation, particularly across global entities, often prevents organisations from minimising errors and meeting regulatory requirements with confidence.   Join experts from Aico and Signify to discover the power of automation within financial close processes. Signify (formerly Philips Lighting), sought to streamline and enhance its financial close processes **across 164 legal entities globally.** With multiple SAP instances and a series of new acquisitions, the company faced increasing complexity in its month-end closing operations and aimed to drive greater standardisation and efficiency. **Key Challenges ** - Standardising and automating month-end close activities across all group companies. - Reducing reliance on disparate software tools for financial close processes. - Digitising closing activities by business unit for better alignment. - Achieving real-time monitoring and reporting capabilities. - Ensuring full visibility of the financial close process. Discover how, after implementing AICO’s Financial Close Automation Platform, Signify was able to: - Identify and eliminate **30% of obsolete activities**. - Automate balance sheet reconciliation to enhance data quality and optimise the process. - Streamlining the global month-end close.  - Improve journal entry automation and data quality. - Reduce manual tasks and increase efficiency across the board. Join this live webinar to learn how advanced automation transformed Signify’s financial close process, driving efficiency, transparency, and accuracy in their global operations. ## **Speakers** ![](https://eco-cdn.iqpc.com/eco/images/speakers/xBZ0JiFUqj9KfjiANs1Y2NLFogczIGLPZIwDarnv.png) **Andrzej Wieczorek** Finance Project Manager Signify   Andrzej Wieczorek is a Finance Project Manager at Signify Poland with over a decade of experience in finance and process automation. He previously held leadership roles in IT and SAP project management at Infosys BPO Poland, specialising in FI/MM/Blackline/Aico modules. Andrzej holds a Master of Science in Telecommunications and Computer Science from Politechnika Łódzka.   ![](https://eco-cdn.iqpc.com/eco/images/speakers/PmMV4M0gnHlt5yMuDnQ4WJ4b1m6MY5btjsGFPNBu.png) **Shivam Dosa** Chief Customer Officer Aico An ACCA qualified accountant with a passion for RPA and improving productivity in the workplace by utilising technology. Shiv has a broad background, spanning from working in Corporate Finance to Financial Control to Project Implementations, This experience has given him a solid foundation for Financial Close Automation within Aico.   ## Read more [ More Aico insights ](https://aico.ai/resources) [ Blog ##### How to Reconcile Trial Balances Across Multiple Entities and ERPs ](https://blog.aico.ai/blog/how-to-reconcile-trial-balances-across-multiple-entities-and-erps) [ Blog ##### What tasks can AI automate during month-end close? ](https://blog.aico.ai/blog/what-tasks-can-ai-automate-during-month-end-close) [ Blog Automation Financial Closing Artificial Intelligence ##### Is AI accurate enough for financial close? ](https://blog.aico.ai/blog/is-ai-accurate-enough-for-financial-close) ## Take 5 minutes to learn more about the most advanced financial close platform. [ Watch demo ](https://aico.ai/aico-book-a-live-demo) [ Contact us ](https://aico.ai/contact-aico-sales) [![AICO - go to homepage](https://blog.aico.ai/hubfs/Images/Placeholder%20assets/AICO%20Primary%20-%20Small%20turqoise.svg "AICO - go to homepage")](https://aico.ai) [Financial Close Platform](https://aico.ai/the-most-advanced-financial-close-platform-for-enterprises-aico) [Closing Task Manager](https://aico.ai/aico-closing-task-manager) [Journal Entries](https://aico.ai/aico-journal-entries) [Account Reconciliations](https://aico.ai/account-reconciliations) [Transaction matching](https://aico.ai/aico-transaction-matching) [Manual Payments](https://aico.ai/aico-manual-payments) [Intercompany Invoicing](https://aico.ai/intercompany-invoicing) [Financial Requests](https://aico.ai/financial-requests) [Compliance Task Manager](https://aico.ai/aico-compliance-task-manager) [Variance Monitoring](https://aico.ai/variance-monitor) [Account Monitor](https://aico.ai/aico-account-monitor) **[Customers](https://aico.ai/aico-customer-cases)** **[Partners](https://aico.ai/aico-partner-network)** [Resources](https://aico.ai/resources) [Customer Case Studies ](https://aico.ai/aico-customer-cases)[Webinars](https://aico.ai/resources) [Guides](https://aico.ai/resources) [Blog](https://blog.aico.ai/blog) [Glossary](https://aico.ai/glossary) [Aico vs. Blackline](https://aico.ai/aico-vs-blackline) [Aico vs. Trintech](https://aico.ai/aico-vs-cadency) [** Company**](https://aico.ai/about-us) [Careers](https://careers.aico.ai) [Customer Support](https://support.aico.ai) [Media](https://aico.ai/media) [Contact Us](https://aico.ai/contact-aico-sales) [Privacy Policy](https://aico.ai/aico-privacy-policy) [![Instagram Icon](https://blog.aico.ai/hubfs/icons/Instagram.svg) ![Instagram Icon](https://blog.aico.ai/hubfs/icons/instagram-hover.svg)](https://www.instagram.com/aicofinancialclose/)[![Youtube Icon](https://blog.aico.ai/hubfs/icons/Youtube.svg) ![Youtube Icon](https://blog.aico.ai/hubfs/icons/youtube-hover.svg)](https://www.youtube.com/channel/UCA5r7x8gKQyeTnYy8YYiA8w)[![linkedin Icon](https://blog.aico.ai/hubfs/icons/Linkedin.svg) ![linkedin Icon](https://blog.aico.ai/hubfs/icons/linkedin-hover.svg) ](https://www.linkedin.com/company/aicoai) © 2026 Aico Group Oy ![](https://px.ads.linkedin.com/collect/?pid=540188&fmt=gif) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Jurijs Guralniks", "url" : "https://blog.aico.ai/resources/author/jurijs-guralniks" }, "dateModified" : "2025-01-07T11:52:59.547Z", "datePublished" : "2024-12-16T16:41:22.000Z", "headline" : "Transforming Financial Close Processes with Advanced Automation: The Signify Success Story", "image" : [ "https://blog.aico.ai/hubfs/Watch%20on%20demand.png" ], "mainEntityOfPage" : { "@id" : "https://blog.aico.ai/resources/transforming-financial-close-processes-with-advanced-automation-the-signify-success-story", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.aico.ai/hubfs/pacera_logo-PRIMARY_CMYK.ai.jpg" }, "name" : "Pacera" } } ``` ```json { "@context" : "https://schema.org", "@id" : "https://aico.ai/#organization", "@type" : "Organization", "address" : { "@type" : "PostalAddress", "addressCountry" : { "@type" : "Country", "name" : "Finland" }, "addressLocality" : "Espoo", "postalCode" : "02150", "streetAddress" : "Tekniikantie 14" }, "alternateName" : [ "Aico", "Aico Ai" ], "areaServed" : [ { "@type" : "Country", "name" : "Finland" }, { "@type" : "Country", "name" : "Sweden" }, { "@type" : "Country", "name" : "Norway" }, { "@type" : "Country", "name" : "Denmark" }, { "@type" : "Country", "name" : "Iceland" }, { "@type" : "Country", "name" : "United Kingdom" }, { "@type" : "Country", "name" : "Ireland" }, { "@type" : "Country", "name" : "Germany" }, { "@type" : "Country", "name" : "Austria" }, { "@type" : "Country", "name" : "Switzerland" }, { "@type" : "Country", "name" : "Belgium" }, { "@type" : "Country", "name" : "Netherlands" }, { "@type" : "Country", "name" : "United States" }, { "@type" : "Country", "name" : "Luxembourg" } ], "description" : "Aico is an intelligent financial close automation platform. Our solutions help complete financial close up to 50% faster with automation of account reconciliation, close tasks, journal entries and other financial requests such as manual invoices and manual payments. 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