HFS Hot Vendor: Aico Group

Aico Group profile

  • Lead Author: Reetika Fleming
  • Product/Service/Hybrid: Product
  • Primary Emerging Tech: OneOffice Apps
  • Secondary Emerging Tech: Integration/iPaaS - apis
  • Functional Focus Business: Finance & Accounting
  • Functional Focus IT: Application Modernization
  • Industry: Banking & Financial Services
  • Next Gen Delivery Models: Not applicable
  • HQ Based: Europe
  • Published: 2019 Q4
Aico Group

Aico Group’s financial close product found its origin at a finance-focused Finnish enterprise resource planning (ERP) consultancy, Attido. This now spun-off startup’s capabilities have benefitted from 10 years of research and development at the consultancy. In the words of CEO Marko Voutilainen, “We went from one to several customers, and from treating this as a side project to now focusing on this as having big potential. We made the decision to formulate our product strategy and are now investing in building out the business.” Since the spin-out in 2019, Aico Group has charted out its growth plan and ambition to be a comprehensive financial closing platform globally.

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