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Financial Close Transformation Story of AkzoNobel

About 30 minutes

About this event

AkzoNobel is a leading Dutch multinational enterprise in paints and chemicals.

The company’s finance operations span 80 countries and over 200 group companies worldwide. With 6 SAP instances and hundreds of people involved in the month-end close process, AkzoNobel aimed to standardise their processes, improve efficiency, and increase financial data quality.

Join this webinar to hear Colin Hands, Project Leader for Financial Close Automation Software Implementation, talk about how AkzoNobel managed to:

  • Standardise financial close by consolidating 6 different journal and account reconciliation templates into
  • Implement internal approval workflows based on value, type and risk of journal entry postings.
  • Create a one-stop-shop process for financial close supporting creation, validation and approval of account reconciliations.
  • Scale standardised financial close process from 4 to 203 companies in 4 months.
  • Reduce throughput time for journal postings and account reconciliations.

Hosted by

  • Guest speaker
    G
    Colin Hand Project Leader - Financial Close Automation Software @ AkzoNobel

  • Team member
    T
    Sarah Bellerby Senior Solutions Consultant @ Aico

    A qualified Accountant with a passion for implementing intelligent solutions to streamline financial processes, mitigate risk and increase compliance. Having worked in the R2R arena for several years at both Trintech and now Aico, I have valuable experience in Financial Close Automation Solutions.

Aico

Aico is the most advanced financial close platform for large enterprises.

We help companies to take control of their hectic closing processes, empower their financial team, and free time for other important activities.

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