Vic.ai is an AI-driven platform that automates accounting and financial operations. The company leverages machine learning to streamline processes such as invoice processing, expense reporting, and payment reconciliation, aiming to increase efficiency and accuracy for finance departments.

Vic.ai

Vic.ai is pioneering the use of autonomy and intelligence to digitally transform accounting and finance processes to improve productivity, decision-making, and ROI. Vic.ai addresses the most manual and inefficient task in accounting – invoice processing – to improve its speed and scalability, and ultimately enable customers to reinvent their accounts payable operations and improve financial management. 

Accounting tasks have always been managed using legacy systems that are based on predefined, fragile rules and templates. It’s mundane, inefficient, and error-prone work. Vic.ai throws the need for rules and templates out the window.

Accounting tasks work autonomously with the Vic.ai platform to minimize the human input and interpretation that legacy, rules-based systems require. Vic.ai’s accounts payable solution uses advanced AI, which gets smarter the more invoices it ingests, and autonomous workflows to automatically process error-free invoices, allowing the team to focus on more important matters than manual data entry.

Vic.ai works with finance professionals to give them the tools they need to make everyday operations simpler and more intelligent. From processing invoices to data predictions, the Vic.ai intelligent and autonomous solution gives companies the bandwidth needed to complete higher value tasks often pushed aside in the day-to-day.

By processing more than half a billion invoices with up to 99% accuracy, Vic.ai has helped 10,000+ customers achieve nearly $188 million in cost savings and 6 million hours in time savings. 

Vic.ai is backed by the best VC’s in the world, including Iconic Growth, GGV Capital, Cowboy Ventures and Costanoa Ventures. Vic.ai is jointly headquartered in New York City and Oslo, Norway. For more information, please visit http://www.vic.ai/.

Jason Stockwood

John Shaw

Axan Ventures

Farvatn Venture

Connectivity Ventures Fund

Cowboy Ventures

Costanoa Ventures

GGV Capital

ICONIQ Capital

ICONIQ Growth

Automation on your mind? 

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Autonomous finance - it's kind of like magic ✨ ✨ ✨ 

Join us this Thursday, April 18 at 2 pm EST for a live demo of the Vic.ai platform to see how transformative AP autonomy can be for your organization.

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Reaching #APautonomy requires strategic planning, an implementation plan, and leveraging the right AI technology. In this guide we’ve outlined the top #GenAI use cases for accounting and finance teams.

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Acting on early payment discounts can be a significant strategy for your bottom line. 📈 

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What is Autonomous Accounting?

#AutonomousAccounting is a concept where technology, such as AI and automation, is used to perform accounting tasks without direct human intervention. 

Dig a little deeper into this game-changing approach >> https://lnkd.in/g7Jy2_6a

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