What is Vic.ai?
Vic.ai is an AI-first accounts payable automation platform designed for finance teams, including CFOs, controllers, and AP managers. It processes invoices, matches purchase orders, manages approvals, and handles bill payments through a web-based interface. Access requires requesting a demo from the vendor.
What are the features of Vic.ai?
- Autonomous invoice processingExtracts and processes invoice data without templates or coding, claiming 99% accuracy and an 85% no-touch rate by month six.
- Purchase order matchingAutomatically matches incoming invoices to corresponding purchase orders within the AP workflow.
- AI-powered AP inbox (VicInbox™)An agent-powered inbox that centralizes incoming invoices and approval routing for accounts payable teams.
- Bill pay and vendor portal (VicPay™)Manages outgoing payments and provides a portal for vendors to interact with payment information.
- Corporate expense management (VicCard™)Consolidates non-payroll corporate expenses into a single view using AI-driven processing.
- ERP integrationConnects to major ERP and accounting systems through a flexible open API.
What are the use cases of Vic.ai?
- Regional construction firm AP automationDiesel Direct reported eliminating manual payment components, giving each AP analyst an additional 3 to 6 hours of capacity per week.
- Multi-entity retail scalingNational retailers use the platform to intelligently scale AP operations across entities without adding headcount.
- Freight and logistics invoice accelerationCNRG used the platform to increase invoice processing speed fourfold.
