Intercompany invoicing with Aico: three practical use cases
Intercompany invoicing can be slow, fragmented and error-prone when AR and AP processes depend on manual processes. The following use cases show how Aico streamlines both sides of the transaction, keeps entries aligned in the same period and supports clean consolidation. Whether you want guided creation or full automation, Aico helps finance teams move faster with better control.
Submit once, post both.
Aico posts AR and AP to the ERP simultaneously, in the same period. Every time.
Use case 1: Manual AR initiation with Rules Engine and AP workflow
The user manually creates the intercompany invoice, the new AR invoice. Aico then adds the accounting details on the row section automatically, based on selections by the user and Rules Engine. Once submitted, Aico automatically generates AP invoice and sends it to AP workflow for processing. Both are posted to ERP simultaneously once the AP workflow is completed.
Use case 2: Staging API driven automation of AR and AP
Aico generates the intercompany invoice automatically based on data that is pushed to Aico through the Staging API. Now, even the manual creation of AR invoice is fully automated. Aico automatically generates AP invoice and sends it to AP workflow for processing. Both are posted to ERP simultaneously once the AP workflow is completed.
Simultaneous postings
Aico adds the accounting details on the row section automatically, based on selections chosen by the user and the Rules Engine.
Use case 3 — Intercompany Invoicing combined with Intercompany Reconciliation
Whereas Aico intercompany invoicing takes care that the AR and AP entries are recorded in the same period and they can be easily matched, not all intercompany-related postings coming from other sources do that. Aico can help there, too, with Aico’s Intercompany Reconciliation module. Aico Intercompany Reconciliation solution will reconcile all intercompany entries, find any differences and suggest an elimination journal to make sure the consolidated financial statements are not affected by intercompany entries.
Find out how Aico can support your financial close process: