Vic.ai

Vic.ai offers powerful accounting automation that optimizes and automates invoice processing, so businesses can get the most out of their accounts payable operations with speed and precision. The platform uses powerful AI to increase financial productivity and make accounting more efficient.

Vic.ai offers a range of features to transform and automate accounting workflows:

• Autonomous Invoice Processing: Automatically process invoices quickly and accurately, regardless of format or vendor, without the need for templates. Vic.ai's AI model learns from historical data and adapts to new information, ensuring high accuracy in data extraction and GL coding.
• Autonomous PO Matching: Automatically match POs with invoices in real-time, even if the PO number is not included on the invoice. This feature also identifies discrepancies across multi-line invoices and POs, streamlining the approval process.
• Autonomous Approval Flows: Automatically route invoices to the correct approver without human intervention, ensuring timely and accurate processing.
• Payments: Reduce time spent on accounting and minimize the risk of fraud by automating and consolidating vendor payments. Vic.ai also offers early payment discounts and eliminates US transaction fees.
• AI Data Insights and Predictions: Make data-driven decisions with real-time analytics on invoice processing data, team performance, and business trends.

Vic.ai seamlessly integrates with all leading ERP systems and accounting solutions, ensuring compatibility and scalability across all environments. The benefits include:

• 5x Faster Invoice Processing: Significantly reduce processing times, enabling faster payments and better cash flow.
• 85% No-Touch Rate: Automate most invoice processing tasks, reducing human touch and minimizing errors.
• 7-Month Payback Period: Achieve a strong ROI in a short amount of time.

Vic.ai is perfect for businesses looking to optimize their accounts payable operations. It's also great for finance teams and accounting firms looking to increase productivity, reduce manual work, and improve financial decision-making.

Published on June 21, 2024