# Aico Reviews **Vendor:** Aico **Category:** [Financial Close Software](https://www.g2.com/categories/financial-close) **Average Rating:** 4.8/5.0 **Total Reviews:** 26 ## About Aico Transform your financial close and record-to-report (R2R) processes with Aico. Our cutting-edge solutions streamline your workflows, cutting manual work and speeding up period-end financial reporting. All while ensuring compliance and data accuracy. Aico’s platform has a full suite of solutions for seamless R2R operations: + Account Reconciliation + Closing Task Management + Journal Entries + Intercompany Invoicing + Transaction Matching + Financial Requests + Manual Payments What sets us apart? Aico’s unique real-time integration with multiple ERP systems combined with intelligent automation simplifies complex IT management for our customers. Plus, with teams and partners across EMEA, we guarantee timely and budget-friendly software implementation. Ready to streamline and de-stress your finance close? Explore more at aico.ai and dive into our resource library for expert insights and best practices: https://www.aico.ai/resources/ Join us on LinkedIn: https://www.linkedin.com/company/aicoai/ ## Aico Reviews ### 1. Syngenta & AICO ATR processes (MEC, Journals, Balance sheet Reconciliations) **Rating:** 5.0/5.0 stars **Reviewed by:** Claire R. | Accounting to Reporting Global Process & Strategy Lead, Enterprise (> 1000 emp.) **Reviewed Date:** May 16, 2024 **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. **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. **What problems is Aico solving and how is that benefiting you?** Visibility of the close status at entity level, rather than company code level. Live connection with the ERP's Interdependencies of core ATR processes ### 2. Ease **Rating:** 4.0/5.0 stars **Reviewed by:** Leticia Cestari L. | Assistente contábil, Enterprise (> 1000 emp.) **Reviewed Date:** December 20, 2022 **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. **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. **What problems is Aico solving and how is that benefiting you?** I believe it is a point still being studied, but releasing the task list from the first business day of the month would make it easier, it wouldn't be necessary to link it later. ### 3. AICO has solved all the issues related to JE processes **Rating:** 5.0/5.0 stars **Reviewed by:** Gustavo G. | Regional Accounting Manager Latin America, Enterprise (> 1000 emp.) **Reviewed Date:** December 28, 2022 **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 **What do you dislike about Aico?** Really I did not find any failure in the AICO implementation and further go live. **What problems is Aico solving and how is that benefiting you?** AICO solved the lack of time and resources for archiving and managing JE supporting documentation and time wasted in seeking approvals by mails. ### 4. Intuitive, transparent, functional. **Rating:** 5.0/5.0 stars **Reviewed by:** Mateusz J. | Accounting Controller, Enterprise (> 1000 emp.) **Reviewed Date:** January 16, 2023 **What do you like best about Aico?** Clearly visible path of approval for each BS accounts reconciliations. **What do you dislike about Aico?** There aren't any things like that, all is well. **What problems is Aico solving and how is that benefiting you?** All Balance Sheet Accounts reconciliations for the specific entity are in one place. The approval of the reconciliations goes very smooth and efficiently each month. ### 5. Fast and easy to use **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Chemicals | Small-Business (50 or fewer emp.) **Reviewed Date:** January 17, 2023 **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 **What do you dislike about Aico?** I don't have any problem with Aico, no dislikes **What problems is Aico solving and how is that benefiting you?** Skip service provider in postings, time saving, document saving obligation is fulfilled, I see other collegues posting documents, it makes easier the reconciliation ### 6. Excellent. User friendly tool. **Rating:** 5.0/5.0 stars **Reviewed by:** Beata M. | Manager, Enterprise (> 1000 emp.) **Reviewed Date:** January 19, 2023 **What do you like best about Aico?** Validation vs saurce; approval flow; back up attachements; recurring masters, closing task list **What do you dislike about Aico?** I do not see significant problems with the tool. **What problems is Aico solving and how is that benefiting you?** Time saving, controls, quality ### 7. AICO provides insights in our RtR process, which enables continuous improvements **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Electrical/Electronic Manufacturing | Enterprise (> 1000 emp.) **Reviewed Date:** April 18, 2023 **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 **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 **What problems is Aico solving and how is that benefiting you?** Standardize RiR processes. ### 8. AICO is an excellent tool for creating, approving and managing journal entries. **Rating:** 5.0/5.0 stars **Reviewed by:** Thaís C. | Senior Accounting Analyst, Enterprise (> 1000 emp.) **Reviewed Date:** January 16, 2023 **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. **What do you dislike about Aico?** At this time, I could not identify any downside to using AICO. **What problems is Aico solving and how is that benefiting you?** With this tool we can save time during our R2R process, manly during month-end closing. ### 9. Very good tool for posting journals and preparing recons. **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Chemicals | Mid-Market (51-1000 emp.) **Reviewed Date:** December 23, 2022 **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. **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. **What problems is Aico solving and how is that benefiting you?** VAT netting JE still cannot be posted in AICO - it creates validation error. ### 10. Helps our work perfectly **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Chemicals | Enterprise (> 1000 emp.) **Reviewed Date:** December 20, 2022 **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. **What do you dislike about Aico?** We could have access to set up our workflow **What problems is Aico solving and how is that benefiting you?** Today Aico is helping us a lot with the Journal Entries. This saved us a lot of time for other activities. ### 11. Magnificient **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Chemicals | Enterprise (> 1000 emp.) **Reviewed Date:** January 23, 2023 **What do you like best about Aico?** Fast, easy, and friendly. Very useful . **What do you dislike about Aico?** Nothing, I like all the tool. Is so user-friendly that I don't have anything to say. **What problems is Aico solving and how is that benefiting you?** Automatic journal entry posting, faster than ServiceNow and more accurate ### 12. AICO and wonderful transformation **Rating:** 5.0/5.0 stars **Reviewed by:** Colin H. | AICO Project Manager, Mid-Market (51-1000 emp.) **Reviewed Date:** December 20, 2022 **What do you like best about Aico?** User friendly menus which are easy to navigate. The integrated functionality saves many steps in my processes. **What do you dislike about Aico?** A little inflexibility in approval flows can be irritating **What problems is Aico solving and how is that benefiting you?** Speeding up the process of jounal through put, accuracy & completeness of BSAR with added feature of automated standardised closing cockpit ### 13. I post journals in aico **Rating:** 4.0/5.0 stars **Reviewed by:** Verified User in Chemicals | Mid-Market (51-1000 emp.) **Reviewed Date:** December 20, 2022 **What do you like best about Aico?** That I can copy prior journal which saves time **What do you dislike about Aico?** That I can not post Journals with value added tax **What problems is Aico solving and how is that benefiting you?** Posting yournals, doing reversals ### 14. My AICO Review **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Chemicals | Enterprise (> 1000 emp.) **Reviewed Date:** January 19, 2023 **What do you like best about Aico?** UI design, time cut in terms of posting the journal **What do you dislike about Aico?** Dashboard, while useful, takes a lot of time to refresh when trying to find any specific journal or reconciliation **What problems is Aico solving and how is that benefiting you?** Task automation possibility, journal set up ### 15. It's ok **Rating:** 3.5/5.0 stars **Reviewed by:** Verified User in Accounting | Enterprise (> 1000 emp.) **Reviewed Date:** January 16, 2023 **What do you like best about Aico?** JE postings are really to handle, post, find etc **What do you dislike about Aico?** BSARs and Closing task list don't contain all necessary information or are not adding any value to the processes. **What problems is Aico solving and how is that benefiting you?** I didn't have any problems before ### 16. Journal Entry **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Chemicals | Enterprise (> 1000 emp.) **Reviewed Date:** December 20, 2022 **What do you like best about Aico?** The validation of data, integration with ERP and the short time which is taken after the approval until recorded in ERP **What do you dislike about Aico?** Not all documents are possible to make by AICO, as COPA posting. **What problems is Aico solving and how is that benefiting you?** Manual Journal entries with incorrect or missing informartion. After AICO, all data is validated on time. ### 17. It's not bad **Rating:** 4.0/5.0 stars **Reviewed by:** Verified User in Chemicals | Small-Business (50 or fewer emp.) **Reviewed Date:** December 20, 2022 **What do you like best about Aico?** I do love auto-recons, it saves time a lot. **What do you dislike about Aico?** There are some different error messages that don't pop up while loading directly to SAP or via SNOW. The tool is slow. **What problems is Aico solving and how is that benefiting you?** It simplifies the process, makes it more clear and faster. ### 18. User **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Accounting | Small-Business (50 or fewer emp.) **Reviewed Date:** December 28, 2022 **What do you like best about Aico?** Transparent, user-friendly, multi-task application. **What do you dislike about Aico?** I am unsure if it's possible to save the layout for the journal list dashboard. **What problems is Aico solving and how is that benefiting you?** Accelerating and quality of JE postings. ### 19. understandable interface **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Accounting | Small-Business (50 or fewer emp.) **Reviewed Date:** December 20, 2022 **What do you like best about Aico?** Intuitive interface, time-saving system. **What do you dislike about Aico?** I want to receive more detailed messages in case of errors so that it is clear who to contact to solve the problem. **What problems is Aico solving and how is that benefiting you?** time-saving system ### 20. Month end checklist with Journal entry **Rating:** 4.5/5.0 stars **Reviewed by:** Verified User in Oil & Energy | Enterprise (> 1000 emp.) **Reviewed Date:** July 19, 2022 **What do you like best about Aico?** visualisations, and the ability to actually perform a task without jumping back to ERP or Excel **What do you dislike about Aico?** It doesn't save the attachments to Oracle **What problems is Aico solving and how is that benefiting you?** End of month checklist from excel, removed status calls, co-ordination much easier ### 21. Very easy tool to use to create journals to ERP **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Retail | Enterprise (> 1000 emp.) **Reviewed Date:** February 17, 2021 **What do you like best about Aico?** Easy to use, very intuitive user interface, easy to manage users and roles for AICO users. **What do you dislike about Aico?** IF would be very nice to have a easy matching report to make a monthly comparison of AICO and EPR data from Accounting perspective. **Recommendations to others considering Aico:** Very easy to use. Excellent project team when implementing AICO, group of real professionals who kept their agreed time schedule and consultants were really active and helpful.Consultants also pointed out in very early stage of the project, what are the technical challenges they normally face with their clients and we were able to tackle those together without any issues at all. **What problems is Aico solving and how is that benefiting you?** Journals to correct financial bookings and making reservations to bookeeping. ### 22. Great tool (AICO Journal) for entering manual journals and review journals made by other users. **Rating:** 4.5/5.0 stars **Reviewed by:** Verified User in Telecommunications | Enterprise (> 1000 emp.) **Reviewed Date:** February 23, 2021 **What do you like best about Aico?** + Clear layout, easy to use + Fast and easy navigation, especially when reviewing journals made by other users + Automatic reversals and recurring journals + Data validation against SAP rules **What do you dislike about Aico?** - Some changes to system are difficult or impossible to do with admin rights - Sometimes some bugs (for example when canceling journals) **Recommendations to others considering Aico:** AICO Journal is a good tool for entering manual journals to general ledger. Implementation was easy (although it helped that our organization was used to use AICO predecessor, eMemo). **What problems is Aico solving and how is that benefiting you?** Making manual journal entries and corrections to general ledger. Easy and fast tool for that purpose. ### 23. Aico for vouchers and Payments **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Newspapers | Enterprise (> 1000 emp.) **Reviewed Date:** February 17, 2021 **What do you like best about Aico?** The flexibility to meet our unique requirments. **What do you dislike about Aico?** If there is someting we do not like, we will create a request for them to fix it! **Recommendations to others considering Aico:** We have now used it for 10 years, our organization is always changing, this supplier has always been able to change the software to meet our new requirements, we highly recommend them! **What problems is Aico solving and how is that benefiting you?** Our ERP does not support any good tool to handle manual vouchers or manual payments, AICO gives us a smooth way to handle these and without a lot of work for our users. ### 24. Highly configurable tool for complete financial close process. **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Food & Beverages | Enterprise (> 1000 emp.) **Reviewed Date:** December 03, 2020 **What do you like best about Aico?** integration between various modules, like journal entry to reconciliation and closing tasks. user friendliness and the possibility to automate tasks are great. **What do you dislike about Aico?** negative fact of the flexibility of the system is that the implementation phase takes a little longer than we were hoping for. **Recommendations to others considering Aico:** The software is exactly what we were hoping for. it is meeting all our requirements, and the aico team is great to work with. their support is fantastic and they are always open for improvements, and listen to our feedback. **What problems is Aico solving and how is that benefiting you?** unlimited number of licenses gives us a lot more flexibillity. automated tasks help us to work efficient. ### 25. A working tool for accounting **Rating:** 4.5/5.0 stars **Reviewed by:** Verified User in Mining & Metals | Small-Business (50 or fewer emp.) **Reviewed Date:** February 19, 2021 **What do you like best about Aico?** Easy and clear interface to users. Excel uploading is easy. **What do you dislike about Aico?** Troubleshooting of technical problems is sometimes difficult. **Recommendations to others considering Aico:** AICO is a very good tool for general accounting **What problems is Aico solving and how is that benefiting you?** Approvals of accounting documents and storage of documentation related to documents. ### 26. Very useful tool for journal automation **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Telecommunications | Enterprise (> 1000 emp.) **Reviewed Date:** June 24, 2019 **What do you like best about Aico?** There is no need to use paper. Also there is possibility automate process if needed. **What do you dislike about Aico?** There were some minor issues with IT. For example problem with Excel and Aico working together. **What problems is Aico solving and how is that benefiting you?** Monthly closing prosess are now much quicker. Control regarding journal approvals are much better after using Aico. And we don´t need paper anymore with Journals. - [View Aico pricing details and edition comparison](https://www.g2.com/products/aico/reviews?section=pricing&secure%5Bexpires_at%5D=2026-05-13+09%3A07%3A05+-0500&secure%5Bsession_id%5D=9bdee82e-44d1-45b4-9c3b-425a9378e3c7&secure%5Btoken%5D=2052c38b5eecb93b456b6072445b71e8151564aa81e7ca510ef0991180dba607&format=llm_user) ## Aico Features **Reconciliation** - Consolidation - Management - Accounting **Reconciliation - Financial Reconciliation** - Automation - Bank Statements - Exceptions - Algorithms **Agentic AI - SAP Store** - Autonomous Task Execution - Multi-step Planning - Cross-system Integration - Adaptive Learning - Natural Language Interaction - Proactive Assistance - Decision Making **Agentic AI - Accounting & Finance** - Autonomous Task Execution **Reporting** - Report Types - Standard - Custom **Audit - Financial Reconciliation** - Accuracy - Compliance - Reporting - Audit Trail **Closing Process** - Audit - Journal Entries - Distribution **Integrations - Financial Reconciliation** - Accounting - Inventory - ERP - Banking **User Permissions and Security - Financial Reconciliation** - Access - Authentication - Encryption - Regulations **Agentic AI - Financial Reconciliation** - Autonomous Task Execution **AI - Financial Close** - Autonomous Task Execution - Compliance - Reconciliation - Data Collection - Analysis ## Top Aico Alternatives - [BlackLine Financial Close Management](https://www.g2.com/products/blackline-blackline-financial-close-management/reviews) - 4.5/5.0 (1,050 reviews) - [FloQast](https://www.g2.com/products/floqast/reviews) - 4.6/5.0 (1,391 reviews) - [Trintech](https://www.g2.com/products/trintech-trintech/reviews) - 4.5/5.0 (526 reviews)