How Tecan Scaled Financial Close Across 40+ Entities
“Aico works the way a real person would inside SAP, but faster and without mistakes.”
“Aico works the way a real person would inside SAP, but faster and without mistakes.”
Headquartered in Switzerland, Tecan is a global leader in laboratory automation and life sciences instrumentation. With more than 3,000 employees, the company serves diagnostics, pharmaceutical and research organisations in over 40 countries.
Tecan manages a complex and fast-moving financial landscape across 40 company codes in SAP, with one IFRS ledger and a single chart of accounts.
Tecan set out to simplify and standardise their month-end close while improving speed, visibility and control, without adding pressure on their IT organisation. Previously, the team relied on emails and Excel checklists to manage controls and reconciliations. With more than 40 entities and a tight three-day local closing window, these manual processes were no longer sustainable. Tecan needed automation, real-time SAP data, embedded audit trails and a solution that finance could manage directly.
Aico now automates 66 percent of closing controls, with more than 3,800 tasks tracked across just nine entities in a single month.
Implementation required minimal IT support, and finance now manages workflows and improvements independently.
Aico uses dynamic smart tags to switch parameters like company code and period, dramatically reducing administrative work.
We only need IT now to keep Aico up to date or assign a couple of access rights. That is it. It is extremely cool.
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