Case Study: Sanoma achieves a harmonised, automated financial close and improved visibility with Aico

How Sanoma transformed a fragmented financial close process into a harmonized workflow

Sanoma, a media company transforming into a growing learning business, was struggling with a fragmented financial close across 11 countries, 45 legal entities, six currencies and four SAP instances plus other ERPs; internal and outsourced teams and missing tools in several entities created inefficiency and poor visibility. To harmonize processes, improve control, increase automation and gain real-time visibility, Sanoma selected Aico and its platform (Closing Task Manager, Journal Entries and Account Reconciliations) to integrate with SAP and other systems.

Aico delivered an end-to-end engagement — presales, project management, implementation and ongoing support — using a wave-based rollout and went live on schedule in roughly five months, providing one point of access to four SAP instances with real-time data streaming. The Aico platform created a standardized close workflow with clearer roles, higher automation and reduced manual work, improved visibility across teams, boosted collaboration and employee satisfaction, and set Sanoma up for continuous process improvement.

Sanoma

Ralph Wieskamp

Head of Accounting Services