Vic.ai

Vic.ai

AP Automation Software | AI-First Invoice Processing

AppCritica Score 3.5/5

What is Vic.ai?

Vic.ai processes invoices through extraction, coding, and approvals using proprietary AI trained on over a billion invoices. It handles PO matching, approval routing, and bill pay within accounts payable workflows. The platform provides real-time analytics on processing times, accuracy, and trends. Proprietary deep-learning models enable autonomy by learning from data to detect anomalies and reduce manual intervention. Integrations connect via open API to ERP systems for data exchange.

More About Vic.ai

  • Autonomous invoice processing
  • PO matching
  • Approval flows
  • Bill pay and vendor portal
  • Analytics and insights
  • ERP integrations via open API

How It Works:

  • Invoice Ingestion: Documents enter Vic.ai via email, upload, mobile, ERP, or API.
  • Data Extraction & Coding: AI reads invoice details at both header and line-item levels and predicts financial coding.
  • Human Validation (Optional): Finance teams can review and validate AI predictions.
  • Autonomous Approval & Processing: Once confidence is achieved, users can enable autonomous approvals and invoice payments.
  • Analytics & Insight: Vic.ai surfaces real-time performance insights and AP metrics.

Pros & Cons

Pros:

Achieves 97-99% accuracy in invoice processing

Reduces invoice processing time by 80% on average

Increases invoice processing capacity up to 355% per employee

Provides real-time visibility into AP pipeline

Cons:

Requires initial training period for optimal AI autonomy

Dependent on quality of ingested invoice data for accuracy

Analytics access varies by tier with limitations in standard plan

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