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Aico

By Aico

4.8 out of 5 stars
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Aico Reviews & Product Details

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Value at a Glance

Averages based on real user reviews.

Time to Implement

9 months

Aico Media

Aico Demo - Aico Account Reconciliation solution list view
You can find and open documents using Aico’s dashboard list view. You can see the Account Reconciliation dashboard above as an example. If you click a row on the list chart, the document opens in a new tab. If the row is locked, the opened document is shown in the print view.
Aico Demo - Aico Account Reconciliation solution dashboard report
A key feature of Aico's financial close solutions, including Account Reconciliation, is the configurable dashboard. This dashboard gives everyone involved in the close process a clear and easy way to track progress. Finance teams can monitor all account reconciliation tasks, highlighting responsi...
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Aico Reviews (26)

Reviews

Aico Reviews (26)

4.8
26 reviews

Pros & Cons

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Claire R.
CR
Accounting to Reporting Global Process & Strategy Lead
Enterprise (> 1000 emp.)
"Syngenta & AICO ATR processes (MEC, Journals, Balance sheet Reconciliations)"
What do you like best about Aico?

AICO is a very user-friendly system, suppling end users and system administrators with a happy user experience.

The system is very configurable, and adaptable to your process design requirements.

The AICO team are very knowledgeable about their product, and work with the company to meet customer needs.

The modules have real time validation with your ERP master data and are fully interconnected with each other. Example MEC tasks are linked to the Journals and Balance Sheet reconciliation modules so the user can initiate the tasks from a single point.

The task status dashboards are very clear and allow a view in total or by process, for both end users and process owners.

Documentation is readily available, including design, administration, and user training materials.

System Health Check reviews, the AICO are pro-active in indentifying areas that the system "running" or automations can be improved, post implementation.

The billing is per entity rather than per user. Review collected by and hosted on G2.com.

What do you dislike about Aico?

The billing of the system support process is not visible on the ticketing platform. The invoice is sent monthly with a reference to the tickets, but then needs to be manually cross checked for approval.

Moving from project mode to steady state for open "hyper care issues" was a bit uncomfortable and unclear. It would be better to continue with review meetings rather than move to ticketings for open project issues.

You can't copy the test system master data to production it has to be re-done causing duplication of effort.

Most companies work with a 3 tier system (development, test and production) AICO standard is development and production, the test environment is at extra cost. Review collected by and hosted on G2.com.

LL
Assistente contábil
Enterprise (> 1000 emp.)
"Ease"
What do you like best about Aico?

The ease and convenience of uploading the entry and, with only the manager's approval, automatically entering the entry into SAP. Review collected by and hosted on G2.com.

What do you dislike about Aico?

I don't like having to link the manual releases later with task lists, which take a long time to be released in the system, it's a rework. Review collected by and hosted on G2.com.

Gustavo G.
GG
Regional Accounting Manager Latin America
Enterprise (> 1000 emp.)
"AICO has solved all the issues related to JE processes"
What do you like best about Aico?

There is a clear flow for approval and a proper storage of all supporting documentation for each Journal entry Review collected by and hosted on G2.com.

What do you dislike about Aico?

Really I did not find any failure in the AICO implementation and further go live. Review collected by and hosted on G2.com.

MJ
Accounting Controller
Enterprise (> 1000 emp.)
"Intuitive, transparent, functional."
What do you like best about Aico?

Clearly visible path of approval for each BS accounts reconciliations. Review collected by and hosted on G2.com.

What do you dislike about Aico?

There aren't any things like that, all is well. Review collected by and hosted on G2.com.

Verified User in Chemicals
UC
Small-Business (50 or fewer emp.)
"Fast and easy to use"
What do you like best about Aico?

Time saving, I don't have to wait the service provider to post, upload excel templates, easy to find the old postings, as it saves the postings, it fulfils an obligation of document archivation Review collected by and hosted on G2.com.

What do you dislike about Aico?

I don't have any problem with Aico, no dislikes Review collected by and hosted on G2.com.

BM
Manager
Enterprise (> 1000 emp.)
"Excellent. User friendly tool."
What do you like best about Aico?

Validation vs saurce; approval flow; back up attachements; recurring masters, closing task list Review collected by and hosted on G2.com.

What do you dislike about Aico?

I do not see significant problems with the tool. Review collected by and hosted on G2.com.

Verified User in Electrical/Electronic Manufacturing
EE
Enterprise (> 1000 emp.)
"AICO provides insights in our RtR process, which enables continuous improvements"
What do you like best about Aico?

The platform connects the Journal entries, the Close tasks and Account Reconciliation, alleingang integration and automation. During the implementation and after go-live the collaboration with the AICO team was much appreciated Review collected by and hosted on G2.com.

What do you dislike about Aico?

The platform has kots of opportunities, AICO can improve the training and best-practica Sharon so we get most out of the tool Review collected by and hosted on G2.com.

TC
Senior Accounting Analyst
Enterprise (> 1000 emp.)
Business partner of the seller or seller's competitor, not included in G2 scores.
"AICO is an excellent tool for creating, approving and managing journal entries."
What do you like best about Aico?

AICO is an excellent tool for creating, approving and managing journal entries. With this tool, we can save time during our R2R process. Review collected by and hosted on G2.com.

What do you dislike about Aico?

At this time, I could not identify any downside to using AICO. Review collected by and hosted on G2.com.

Verified User in Chemicals
UC
Mid-Market (51-1000 emp.)
"Very good tool for posting journals and preparing recons."
What do you like best about Aico?

Very fast tool - when you post a journal in AICO it is immediately posted in SAP without any need to create tickets and so on. Review collected by and hosted on G2.com.

What do you dislike about Aico?

VAT netting JE still cannot be posted in AICO - it creates validation error.

In AICO you still cannot open and close periods 13 to 16 only periods from 1 to 12 can be opened and closed. Review collected by and hosted on G2.com.

Verified User in Chemicals
UC
Enterprise (> 1000 emp.)
"Helps our work perfectly"
What do you like best about Aico?

The speed and ease of use, the time we save in our day-to-day because today we can work more with analysis. Review collected by and hosted on G2.com.

What do you dislike about Aico?

We could have access to set up our workflow Review collected by and hosted on G2.com.

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