The account reconciliation automation process typically requires extensive, repetitive manual work, which can often create bottlenecks throughout the broader record-to-report (R2R) process for many stakeholders. In addition to the reconcilers themselves, these include financial controllers, shared service centre managers, business partners, and internal and external auditors.
It is commonly estimated that around 50% to 60% of a company’s accounts do not change every month. Some may only change on a quarterly, semi-annual or annual basis. There is huge potential in account reconciliation automation. Aico is a software solution that provides an account reconciliation automation functionality, which systematically analyses all the accounts in your ERP system and automatically reconciles them when there is no activity.
This webinar explains and demonstrates powerful account reconciliation automation features of Aico. Aico Account Reconciliation solution supports a variety of automation rules that can drive both efficiency and control over the process such as: