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AICO

Aico is the most advanced financial close platform for large enterprises. We help companies take control of their hectic closing processes and empower their financial team and free time for other important activities. Our customers, leading European enterprises, achieve a high level of automation and standardisation of processes, faster month-end financial reporting and assurance of compliance and data accuracy. The Aico platform includes solutions for key R2R activities – Account Reconciliation, Closing Task Management, Journal Entries, Intercompany Invoicing, Transaction Matching and others. With teams and a network of partners across Europe, we ensure our software implementation projects are on time and within budget.
Featured Products
  • Aico to SAP integration
    Aico has created a unique real-time integration for SAP S/4HANA and SAP ECC. This means data between these ERPs and Aico is streamed in real-time instead of transferred via periodic file downloads and uploads. This allows you to refresh the latest financial data from your ERP in seconds, not hours or days. Aico's real-time ERP integration stands out as both unique among financial close solutions and best-in-class.
  • Closing Task Manager
    Access a centralised dashboard that provides real-time updates on every stage of the financial close process. Tasks are seamlessly linked, so one team member can pick up where another left off, ensuring continuity and efficiency.
  • Intercompany Invoicing
    Aico eliminates manual intercompany invoice matching as the reference field in the correct sister company’s ledger is identical. 
Featured Content
  • Genuine live SAP integration without the file upload
    Aico’s live SAP integration provides real-time access to financial close data, eliminating batch uploads and file transfers to enhance accuracy and streamline decision-making for finance teams.
  • Aico’s guide to non-trade intercompany invoicing
    This guide highlights the challenges of non-trade intercompany invoicing, including inefficiencies of traditional ERP systems and common errors, while outlining strategies for implementing streamlined, automated processes to enhance accuracy and mitigate reporting risks.
Multimedia Center
  • Automating the SAP Financial Close
    This webinar discusses how enterprises can enhance the efficiency and quality of their financial closing processes through automation and standardization, focusing on integrating with SAP systems to streamline various closing activities. Watch this webinar on-demand to Watch this webinar to: *Learn how to identify areas of weakness in current financial close processes. *Understand how Aico’s live integration to SAP and other data sources improves efficiency. *Explore options for monitoring and optimising performance during period-end close. *Ensure closing activities align with corporate governance requirements and internal controls.
Articles / Case Studies / Videos
  • How SAP users can simplify non-trade intercompany invoicing with Aico
    Aico enhances the efficiency and accuracy of non-trade intercompany invoicing within SAP by automating processes, ensuring compliance, and reducing manual errors, thus addressing the complexities and challenges faced by large enterprises in managing intercompany transactions.
  • How Real-Time SAP Integration with Aico Outperforms File-Based Integration
    In the current financial landscape, Aico’s real-time SAP integration enhances data accuracy, compliance, and decision-making speed, offering significant advantages over traditional file-based methods for finance leaders.
  • SAP Users: Automating SAP Financial Closing with Aico
    The article discusses the complexities and manual nature of financial closing in SAP, highlighting the benefits of automation—such as increased efficiency, enhanced accuracy, regulatory compliance, cost savings, and improved visibility—while emphasizing the necessity for organizations, particularly CFOs and finance leaders, to adopt automated solutions like Aico to streamline the closing process and reduce reliance on manual tasks.
  • How ERP System Integration Can Improve Your Financial Close
    ERP system integration streamlines the financial close process by automating data collection, reducing errors, and providing real-time insights, ultimately enhancing efficiency, compliance, and decision-making for enterprises.
  • Enterprise Success Story: How Signify Transformed Financial Close Processes with Aico
    Signify enhanced efficiency and quality control across over 100 company codes by utilizing Aico’s modules, achieving a 99.9% success rate in journal management, real-time reporting with 15-second dashboard refresh rates, a 30% reduction in obsolete tasks, an increase of 250-350 additional reconciliations per company code, and a jump to 58% automation in BSAR sign-offs.
  • Forterra
    A Guide to Reducing Errors in Your Financial Close Process
    This guide empowers finance professionals to transform their financial close process into a streamlined, error-free operation. By adopting the strategies outlined, you’ll save time, improve accuracy and enable your team to focus on strategic growth and success. 
  • From Confusion to Clarity: Transforming Enterprise Financial Close Automation with Aico
    It's possible with Aico’s financial close automation. Finance teams can move from scattered processes and tools to a single solution.
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