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.

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.

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.

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.

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 eliminates manual intercompany invoice matching as the reference field in the correct sister company’s ledger is identical. 

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.

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.