What is Vic.ai?
- Founder: Alexander Hagerup & Kristoffer Roil
- Launch: 2017
- Use Cases: Invoice automation, PO matching, approval workflows, vendor payments, expense management, and financial reporting.
- Technology: Powered by deep learning and machine learning models trained on vast accounting data, integrated with ERP systems for seamless automation and real-time intelligence.
Vic.ai offers is an AI-powered finance platform that aims to improve, or change, the accounts payable or finance operation through artificial intelligence. It can read, interpret, and process invoices against purchase orders and review them in a workflow for approval, with little to no human touch. Unlike traditional automation tools, Vic.ai learns from each user's correction and becomes progressively better and more accurate over a period. This allows for quicker processing time, less operation expense, and improved accuracy and compliance. The finance team can now have a real-time look at vendor spend, payment cycles, and cash-flow knowledge, which will begin to allow for smarter moves towards financial planning with data tracking. Adopting
Vic.ai to your ERP system is also simple and fits the current and working procedures and systems. This organization is able to close month-end faster, eliminate repetitive data entry, and free time that can be used for more valuable strategies to occur in the finance area. Vic.ai leverages advanced artificial intelligence to shift accounting departments or teams away from manual or transactional work and put them into areas of value add or proactive financial planning, marking the future of autonomous finance. It aims to help organizations scale with confidence and efficiency.
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