Vic.ai
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About
Vic.ai is an AI-powered autonomous finance platform transforming how finance teams operate. It offers solutions for accounts payable automation, invoice processing, expense management, and analytics & insights. With AI that automates tasks, surfaces insights, and drives better decisions, Vic.ai fuels accuracy, agility, and bottom-line growth for finance teams.
Platform
Features
• analytics and insights
• expense management
• approvals
• invoice processing
• po matching
• bill pay
• accounts payable automation
• ap inbox
FAQs
How accurate is your AI compared to humans?
Vic.ai’s algorithm is currently reaching 97-99% accuracy. But, what does the accuracy rate really mean? 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. It’s a unique strength of our solution.
How is Vic.ai different from other 'AP automation' tools on the market?
Invoice processing automation, often known as RPA (Robotic Process Automation), is a rules-based process that extracts data from an invoice and uses it to populate all the required information into the accounts payable system.
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.
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](/request-demo) to determine the best solutions for your company.
How long does this take to implement?
We can move as quickly as your organization wants to, and we offer both free administration and end-user training to help you get prepared.
How many languages does the Vic.ai platform support?
Any Latin alphabet language is supported.
What document types does your platform support?
As of February 2022, the Vic platform supports PDF, Doc and Docx, image files like .jpg, .gif, and .tif, and some electronic formats.
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 (this is less common but still occurs).
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.
Job Opportunities
There are currently no job postings for this AI tool.
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