How Vincit reduces consolidation time by 80% with AARO by Pacera
“We reduced our consolidation work from around 40 hours to just 8 hours per month”
“We reduced our consolidation work from around 40 hours to just 8 hours per month”
Vincit is a digital business partner specializing in software development, AI solutions, and human-centric design. Founded in 2007 and headquartered in Finland, the company operates across Sweden, Poland, Portugal and the United States. Listed on the Nasdaq First North Growth Market Finland, the company delivers digital services and solutions to a wide range of clients, combining technology expertise with business insight.
Following a major merger that doubled the size of the business, Vincit needed a more robust and scalable approach to financial consolidation and reporting.
Previously, the process was heavily reliant on Excel, with different entities working in local accounting systems. This created a fragmented and manual workflow, increasing the risk of errors and making it difficult to manage consolidation efficiently.
With growing complexity and tighter reporting requirements, the finance team needed a dedicated consolidation system that could:
The most immediate impact was a dramatic reduction in time spent on consolidation.
Previously, the process required around 40 hours per month, but many tasks were done manually without using AARO’s automation features. With AARO by Pacera, this has been reduced to approximately 8 hours, equivalent to just one working day for a single person.
This efficiency gain allows the team to close faster and operate more effectively.
With automation and streamlined workflows in place, Vincit is now able to close the books with fewer human resources than before.
This gives the finance team more time for analysis and decision support, rather than being tied up in manual processes.
Moving away from Excel has significantly lowered the risk of human error.
Previously, the process involved manual data handling, including exporting and re-importing files between systems. Now, calculations and consolidation are handled directly within AARO.
This has led to:
AARO’s integrations and automation capabilities have been key to driving efficiency.
For example:
These improvements have eliminated repetitive tasks and streamlined the entire process.
With all entities consolidated in one system, Vincit now benefits from stronger control and higher-quality reporting.
The finance team can rely on consistent data structures, automated processes, and built-in calculations, leading to more accurate and trustworthy outputs.
AARO’s consultants played an important role in supporting Vincit through the transition to IFRS reporting. Implementation was carried out with Greenstep consultants, while the IFRS transition and cash flow implementation were supported by AARO consultants.
This was the company’s first IFRS reporting, as Vincit had previously reported under Finnish accounting standards. Despite a tight timeline, the collaboration enabled Vincit to successfully deliver IFRS reporting on schedule in the first half of 2025.
I would recommend AARO. It’s easy to use, very straightforward, and offers a wide range of necessary functionalities.
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