Aico
Aico is an AI-powered financial close automation platform that helps large enterprises streamline their Record-to-Report processes through real-time ERP integrations and intelligent automation.
Company facts
- Founded
- 2008
- Headquarters
- Finland
- CEO
- Marko Voutilainen, Michael Teixeira
About
Aico is an intelligent financial close automation platform built for the complex needs of large enterprises. The company's platform automates critical Record-to-Report (R2R) activities including account reconciliations, journal entries, transaction matching, intercompany invoicing, and compliance monitoring. By leveraging industry-leading live ERP integrations with SAP, Oracle, and Microsoft Dynamics 365, Aico enables truly real-time accounting that eliminates manual work and reduces errors. Founded in 2008 and headquartered in Espoo, Finland, Aico has grown to serve leading European enterprises across multiple countries. The company is dedicated to enabling more meaningful work lives for finance professionals by streamlining and automating tedious financial close processes. In April 2024, Aico partnered with global technology investor Accel-KKR to accelerate growth and market expansion. The platform's infinitely configurable design allows enterprises to maintain precise control over their closing processes while reducing cycle times by up to 50% through intelligent automation.