Vic.ai
4.76
0
Vic.ai automates accounting workflows with AI, enhancing efficiency and accuracy for finance teams globally.
What is Vic.ai?
Vic.ai is an AI-first platform designed to streamline accounting workflows with features such as autonomous invoice processing, PO matching, approval flows, B2B payments, and AI data insights and predictions. By leveraging AI technology, Vic.ai helps finance professionals focus on high-priority tasks and decision-making while increasing efficiency and accuracy in financial operations. The platform is trusted by thousands of finance teams and accounting firms globally and offers seamless integration with various ERP systems. Additionally, Vic.ai emphasizes core values such as putting people first, integrity, honesty, taking action, and enjoying the journey. The company aims to support companies in their growth and commitment to resilience, sustainability, and social responsibility by harnessing the power of AI to free up finance teams for more meaningful work.
Who created Vic.ai?
Vic.ai was founded by Alexander, who has a background in finance and accounting and is a former board member of 24SevenOffice.com. The company was launched on August 3, 2018. The team also includes Kris, Ben Baldyga, Mark Fisher, Luke, Anna, Anand, and Kevin, each with diverse experiences in various industries such as automotive, sales, marketing, and technology. Vic.ai is backed by top venture capital firms and growth investors, aiming to revolutionize finance operations using AI technology.
What is Vic.ai used for?
- Real-time analytics
- Enhanced workflow
- Autonomous invoice processing
- Approval flows feature
- Purchase order matching
- Payments functionality
- Adaptable across industries
- Suitable for enterprise businesses
- Suitable for mid-market businesses
- Real-time decision making insights
- Increased invoice processing capacity
- Reduced fraud risk
- Streamlined approval processes
- Autonomous PO matching
- Autonomous Approval Flows
- AI-powered B2B payments
- AI data insights and predictions
- Faster invoice processing
- Seamlessly connect with any ERP system
Who is Vic.ai for?
- Finance professionals
- Accountants
- Financial decision-makers
- Enterprise businesses
- Mid-market businesses
- Accounts payable departments
- Insurance professionals
- Hospitality Professionals
- Real estate professionals
- Education professionals
How to use Vic.ai?
To use Vic.ai effectively, follow these steps:
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Explore Features: Familiarize yourself with Vic.ai's features like autonomous invoice processing, approval flows, purchase order matching, payments functionality, and ERP integrations.
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Increase Efficiency: Utilize Vic.ai to streamline accounting and accounts payable operations through automation, reducing manual tasks and increasing productivity.
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Improve Decision-Making: Leverage Vic.ai's data insights and analytics to support informed decision-making in your organization based on real-time information.
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Enhance Productivity: Take advantage of Vic.ai to automate tasks like invoice processing, approval flows, and PO matching, leading to faster processing and improved efficiency.
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Integrate Into Workflows: Seamlessly integrate Vic.ai into your existing workflows by leveraging its ERP integration capabilities, allowing for smooth data exchange and compatibility.
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Reduce Fraud Risk: Utilize Vic.ai to reduce fraud risks by implementing secure processing methods and leveraging its AI system to detect inconsistencies in invoices and payments.
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Training and Deployment: Benefit from Vic.ai's hands-on training, quick deployment, and commitment to data security, ensuring a smooth transition and operation within your organization.
By following these steps, you can effectively use Vic.ai to streamline your accounting processes and enhance productivity in your accounts payable department.
Pros
- Autonomous invoice processing
- Approval flows feature
- Purchase order matching
- Payments functionality
- Potential for discounts
- Reduced fraud risk
- ERP integrations
- Data ingestion from any ERP
- Processing insights feature
- Real-time analytics
Cons
- Complex implementation process
- Accuracy hits after 10 days
- Limited industry specializations
- Focused on mid to large-size businesses
- Unspecified data security measures
- Lacks real-time customer service
Vic.ai FAQs
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What are the main features of Vic.ai?
- Vic.ai's main features include autonomous invoice processing, approval flows, purchase order (PO) matching, payments functionality, ERP integrations, and processing insights.
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How does Vic.ai streamline accounting and accounts payable operations?
- Vic.ai streamlines accounting and accounts payable operations by utilizing AI to handle tasks such as autonomous invoice processing, approval flows, PO matching, and payments, leading to increased efficiency and productivity.
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How can Vic.ai increase productivity in the accounts payable department?
- Vic.ai can enhance productivity in the accounts payable department by automating various tasks such as invoice processing, approval flows, and PO matching, resulting in significant time savings and higher efficiency.
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How does the autonomous invoice processing feature work in Vic.ai?
- The autonomous invoice processing feature in Vic.ai operates by using artificial intelligence to process invoices, intelligently analyzing invoices, capturing relevant data, and processing payments to increase speed and efficiency in invoice processing.
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What is the purpose of the approval flows in Vic.ai?
- The approval flows in Vic.ai aim to streamline the invoice approval process by automating steps and reducing the need for manual checks, ultimately increasing overall efficiency.
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How does the PO matching feature of Vic.ai enhance efficiency?
- The PO matching feature in Vic.ai boosts efficiency by detecting discrepancies across multi-line invoices and purchase orders, automatically matching POs to corresponding invoices, preventing errors or inaccuracies.
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How does Vic.ai's payment functionality turn accounts payable departments into profit centers?
- Vic.ai's payment functionality optimizes the payment process, saving time, identifying early payment discounts, and reducing fraud risks, potentially leading to cost savings and increased profits for accounts payable departments.
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How can Vic.ai help reduce fraud risks in my organization?
- Vic.ai can help reduce fraud risks by implementing secure processing methods, detecting inconsistencies in invoices or payments, and proactively flagging potential fraudulent activities for further investigation.
Get started with Vic.ai
Vic.ai reviews
Leo Schmidt
February 3, 2025
What do you like most about using Vic.ai?
The accuracy of invoice processing is remarkable. It has greatly reduced errors in our financial operations.
What do you dislike most about using Vic.ai?
The customer support could be improved. Response times can be slow at times.
What problems does Vic.ai help you solve, and how does this benefit you?
It allows us to streamline our workflow, which has improved our overall efficiency in finance operations.
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Chloe Dupont
February 14, 2025
What do you like most about using Vic.ai?
The user-friendly interface makes it easy for my team to adapt to the platform.
What do you dislike most about using Vic.ai?
The customer support could be more responsive at times, but they are knowledgeable when you reach them.
What problems does Vic.ai help you solve, and how does this benefit you?
Vic.ai has automated many of our time-consuming manual processes, allowing us to focus on higher-value tasks.
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Ravi Singh
January 19, 2025
What do you like most about using Vic.ai?
The platform's ability to automate invoice matching is incredibly efficient and saves us a lot of time.
What do you dislike most about using Vic.ai?
Sometimes the system can be a bit slow during peak processing times, but overall it’s very reliable.
What problems does Vic.ai help you solve, and how does this benefit you?
It has helped us reduce manual errors significantly, improving our overall operational efficiency.
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