Vic.ai
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About
Vic.ai is an AI-powered autonomous finance platform for Accounts Payable. It offers features such as invoice processing, PO matching, approval flows, payments, analytics, and insights. It integrates with various ERP systems and supports multiple document types. It is designed to help companies thrive and grow while supporting their commitment to resilience, sustainability and social responsibility.
Platform
Features
• analytics and insights
• payments
• approval flows
• invoice processing
• viccard™
• vicinbox™
• po matching
• autonomous finance platform
FAQs
How accurate is your AI compared to humans?
Vic.ai’s algorithm is currently reaching 97-99% accuracy. It's a measure of how often the AI predicts something accurately.
Does Vic.ai read and code line items?
Yes, Vic.ai can ingest and understand bills with literally hundreds of line items.
How is Vic.ai different from other 'AP automation' tools on the market?
Vic.ai harnesses AI to run the accounting process. We’ve trained our algorithms on more than half a billion invoices.
How do you make sure a bill isn’t paid twice?
Vic.ai will detect duplicates across any document it ingests and will flag it as a duplicate using a red indicator.
Can Vic.ai integrate with my ERP system?
Yes, Vic.ai integrates with a number of ERP systems by leveraging our open API.
What is PO matching?
Once an invoice has been ingested, Vic.ai extracts the relevant data and automatically matches the invoice with the purchase order to verify that it is correct.
What is three-way matching?
Three-way matching is the process of matching PO, goods receipt notes, and invoices before issuing a payment of goods delivered.
How does Vic.ai use AI to match POs to invoices?
Vic.ai’s AI predicts if an invoice has an associated PO, identifies all line items on the invoices document, and executes a 3-way match with the PO line items.
Is Vic.ai able to match multiple invoices to one PO?
Yes we can match multiple invoices to one PO. We can also match multiple POs to one invoice
How do you set up approval flows?
Your approval flows are generated based upon the flows and triggers created by your Vic.ai Organization Admin.
Is approval history tracked?
From the moment the approval flow is initiated, every comment, approval, and rejection is tagged to a user with a timestamp.
What kind of data analytics does Vic.ai provide?
Vic.ai analytics offers customizable dashboards to provide insights on the data points that are important to your business.
What type of analytics tiers do you provide?
We offer multiple ways to access Vic.ai Analytics
How do invoices get into the system?
Invoices can be uploaded to the Vic.ai systems through multiple methods including direct file upload (mobile and desktop) and email ingestions.
How much does this cost?
Please contact our sales department to determine the best solutions for your company.
Job Opportunities
There are currently no job postings for this AI tool.
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