Check balances and line items and auto reconcile accounts with one-click automation.
Start reconciliations with simple yet highly configurable templates, which include your choice of header fields and accounting segments. Include instructions for reconcilers on the template, or add hyperlinks to external documents.
Setting up a multi-phase reconciliation workflow is quick and easy. Select users who are responsible for the preparation and approvals of reconciliations from a list. Add an associated due date tracking to make sure reconciliations are completed on time.
Analyse your account balances and transactions with a click of a button and complete reconciliations automatically based on various account balance rules.
Carry forward open items or reconcile items and their supporting explanations from a prior period. Aico will automatically recognise line items from a prior period so that you can concentrate on new items only.
Monitor the workflow status, due dates, unreconciled accounts and balances, aged items, and other bottlenecks in real time. Filter reconciliations by any field to prioritise your tasks.
The API-powered integration allows Aico to communicate with your ERP in real time. Pull account data directly from your ERP system without a need for exporting files. The account data is refreshed automatically based on a specific frequency, or you can refresh the data in real-time from your ERP.