Reduce the fraud risk of one time vendor payments.
Start a new payment from configurable templates, which support multitude of bank requirements.
Reduce the risk of fraudulent payments with easy to configure payment workflows. Aico will trigger payment approvals and require supporting documents based on your custom internal control guidelines.
Aico creates PAIN files automatically based on approved manual payment documents. Once the PAIN file is ready, it is protected from any alterations and securely passed to the payment gateway system.
Once the payment is made, Aico will automatically create and post journal entries into your ERP system based on the bank statement file. You can specify all necessary segments of the cost line to be included in the General Ledger posting.
From the initial payment request to approval, PAIN file and journal posting Aico archives complete manual payment workflow for easy auditing. Journal postings and payments are linked together for easy follow through.
Aico integrates to all payment gateway solutions to exchange PAIN files and bank statement documents.
Unique live integration to your ERP systems allows Aico to validate and post journal entries instantly.
Aico Manual Payments is part of Aico platform and integrates directly with other solutions like Journals and Account Reconciliations.
Download this eBook to learn about the top four areas where the typical manual payment process allows for fraud. Find out about the ways to make these payments secure, properly approved and evidenced.