Vic

Vic.ai is an advanced AI platform that revolutionizes accounts payable (AP) processes by automating invoice processing, purchase order matching, approval workflows, and payments. This comprehensive solution utilizes artificial intelligence to provide data-driven insights and predictions, significantly enhancing productivity and efficiency in financial operations.

Key features:

- Autonomous Invoice Processing: Automates the entire invoice processing workflow, reducing manual intervention and increasing productivity by up to 355%.
- Autonomous PO Matching: Automatically matches purchase orders with invoices, ensuring accuracy and reducing time spent on manual matching.
- Autonomous Approval Flows: Streamlines the approval process by autonomously routing invoices to appropriate approvers, reducing bottlenecks and accelerating the approval cycle.
- Payments: Facilitates seamless and accurate invoice payments, ensuring timely transactions.
- AI-Driven Analytics: Provides advanced data insights and predictions to support informed decision-making and optimize financial operations.
- Seamless ERP Integration: Integrates with leading ERP systems and accounting solutions, offering flexible and scalable capabilities through an open API.

How it works:

1. Users access Vic.ai through a web application.
2. The AI engine processes incoming invoices automatically.
3. The system matches invoices with corresponding purchase orders.
4. Invoices are autonomously routed for approval.
5. Once approved, the platform facilitates the payment process.
6. Users can access AI-driven analytics for financial insights.

Integrations:

Various ERP systems and accounting solutions

Use of AI:

Vic.ai employs artificial intelligence to automate complex financial processes, reducing manual intervention and increasing efficiency. The AI models continuously learn and improve from processed data, ensuring high accuracy and reliability.

AI foundation model:

The platform is built on advanced AI models that adapt and evolve based on the financial data they process.

Target users:

- Finance and accounting departments across various industries
- Businesses with high invoice volumes
- Organizations seeking to enhance efficiency, accuracy, and cost savings in AP operations

How to access:

Vic.ai is available as a web application and offers an open API for integration with other systems. It is designed to cater to businesses of all sizes looking to optimize their accounts payable processes.