Variance Monitor
Automatically monitor and identify unexpected GL account balance movements in real time to reduce risk.
Aico can read data from your ERP directly and import other sources via file uploads (Excel, CSV, XML etc.)
Configure your variance rules by percentage or absolute amount movement. Each variance task can contain multiple rules, which can be given different alert statuses.
Aico automatically calculates the difference between your data sources and where unusual movements are detected. Alerts will be triggered, and tasks routed to a team member to investigate and provide supporting evidence to explain the change in amount.
Using Aico dashboards and lists, the variances are tracked in real-time and quickly show those out of the expected range. It can also show who is responsible for explaining these differences and monitor response times for explaining.