Aico Financial Close Platform vs SkyStem ART
Aico Financial Close Platform
aico.aiSkyStem ART
skystem.comSide by side
| Figure | Aico Financial Close Platform | SkyStem ART |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| Plans published | 1 | 1 |
| Spec score · Financial Close Software | 7.5 (#11) | 6.8 (#21) |
| Headquarters | Espoo, Finland | New York City, New York, United States |
| Purpose | Aico is a financial close platform designed to automate and streamline enterprise month-end close processes. | ART automates month-end close and account reconciliations for accounting teams. |
| Reconciliation | Account reconciliation supports one-click automation, configurable templates, exception flagging, audit trails, reporting, and approval workflows. | It supports multiple currencies and periods, electronic sign-off, transaction matching, and real-time status dashboards. |
| Security | Aico states that it is GDPR-compliant and SOC 2 certified and uses bank-grade encryption. | SkyStem says customer data is hosted in SOC 2-compliant data centers, transmitted through encryption, and protected with regular offsite backups. |
| Support | Aico describes customer service and ongoing support for organisations with complex finance processes as part of its offering. | SkyStem says customer support and access to product experts carry no separate fee. |
Plans
Aico Financial Close Platform
- Aico Financial Close PlatformPriced on request
In their own words
Aico Financial Close Platform
Aico Financial Close Platform is a web-based system for managing enterprise financial close work. It brings closing tasks, account reconciliations, journal entries, intercompany invoicing, transaction matching, financial requests, compliance tasks, manual payments, and account or variance monitoring into one platform. Enterprises can configure templates, workflows, approvals, and process rules, allowing finance teams to develop processes without IT. Dashboards show progress, completed tasks, bottlenecks, ownership, priorities, and performance across entities and teams. Reconciliation tools provide one-click automation, configurable templates, exception flags, audit trails, reporting, and approval workflows. Aico lists integrations for SAP, Oracle, Microsoft Dynamics 365, Unit4, IFS, Infor, Sage, Epicor, Workday, and Deltek, while other ERP systems can connect through standard methods. The platform supports multi-entity close, recurring templates, task dependencies, native ERP connectivity, and audit trails. It is aimed at large enterprises and complex finance teams. Pricing is on request.
SkyStem ART
SkyStem ART has no write-up on Specifiction yet; its figures are above.