If you need an accounting automation tool to quickly and accurately process invoices, Vic.ai is a great choice. This intelligent accounting software automates and optimizes invoice processing with powerful AI to increase financial productivity. Highlights include autonomous invoice processing, PO matching, and approval workflows, as well as automated payments and AI-driven data insights. Vic.ai connects to leading ERP systems and accounting software and promises 5x faster invoice processing and an 85% no-touch rate, making it a good fit for finance teams and accounting firms.
Another contender is Basware, a cloud-based purchase-to-pay and e-invoicing service that automates complex invoicing processes. It offers global compliance and connects to more than 250 ERPs in 190 countries. Basware's platform automates PO-based and non-PO-backed invoices, and offers actionable AP insights and 100% spend visibility. With a subscription-based pricing model, Basware is an industry analyst favorite for AP automation.
If you need a broader finance automation platform, take a look at Paymerang. It automates accounting with AI and machine learning, including invoice automation, payment automation and receivables automation. Paymerang connects to a variety of accounting systems and offers real-time visibility and control over spend, so it's good for businesses in many industries. By automating routine tasks, Paymerang can free up businesses to focus on growth and development.
Last, Smart Clerk offers an AI-based document conversion tool that automates invoice processing. It can handle many invoice formats and uses AI-powered algorithms to extract data with high accuracy. With a management interface for reviewing and approving invoices, Smart Clerk connects to widely used accounting software and offers multiple pricing tiers. It's geared for small businesses and teams that want to boost productivity and cut errors in financial operations.