Reduce the fraud risk of one time vendor payments.

In our company we are making hundreds of manual payments every month. These one-time vendor transactions to companies or private individuals whose details are not in our ERP system pose a significant risk of fraud. They are challenging to track and easy to manipulate in an enterprise environment. We are under pressure of auditors, who want to clearly see we have monitored all points in the payment process where data can be altered. We have no means to prevent tampering with payment details or falsifying invoices, which can lead to significant fraud cases.

Features

• **Custom Templates: **Start a new payment from configurable templates, which support multitude of bank requirements.
• Secure workflows: Aico will trigger payment approvals and require supporting documents based on your custom internal control guidelines.
• Automated PAIN files: Aico creates PAIN files automatically based on approved manual payment documents. Once the PAIN file is ready, it is protected from any alterations
• Automated Journal Postings: Once the payment is made, Aico will automatically create and post journal entries into your ERP system based on the bank statement file.
• Easy Audit: From the initial payment request to approval, PAIN file and journal posting Aico archives complete manual payment workflow for easy auditing