Enlightened finance teams use Vic.ai

Customers love using Vic.ai because our AI-first platform drives better business outcomes and we help Finance and Accounting teams teams maximize their potential. Check out our customer success stories.

Industry: Real Estate    


Properties: 6,000    
   


Accountants: 300    


Employees: 1,000+

Invoice 
volume: 1.5M per year  


CHALLENGE

They had team of 300 accountants using rule-based semi-automation to process 1.5 million invoices with an average processing time around 5 mins/invoice.


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Industry: Retail  


Employees: 11,000+

Invoice 
volume: 1.6M per year  


Avg Manual Time: 10+ mins


CHALLENGE

Elkjop receives a large volume of invoices daily, and the manual, error-prone processes took up significant time and resources.

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Industry: Real Estate    


Accountants: 8+   


Employees: 15,000

Invoice 
volume: 600,000+ per year

CHALLENGE

Eight full-time AP clerks were required to handle the invoice volume peaks, yet their full-time employees are being underutilized when volume decreases due to less seasonal demand.

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Industry: Education   


Employees: 1000 


Invoice Volume: 32,000 per year

Avg Manual Time: 10+ mins


CHALLENGE

They had a complex invoice approval process involving administrators from all 100 campuses, consisting of multiple approvers and time-consuming email correspondence.

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Industry: Accounting


Accountants: 100+   


Invoice 
volume: 21,000+ per year

Avg Manual Time: 4+ mins mins


CHALLENGE

While already highly digitized, their existing solution still required human intervention: many many hours per month were spent just manually coding invoice, taking 4-5 minutes per invoice.

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Industry: Business Services

Clients: 500+

Invoice 
volume: 200,000 per year

CHALLENGE

They handle more than 200,000 invoices a year and are continuously seeking to optimize their technology, processes, and services for maximum efficiency.

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The market-leading platform for Accounts Payable

7+

Years

18,000

Entities

$9B

Spend

Not just AP automation, proven AI autonomy

For enterprises

Simplify complex processes with highly accurate GL coding and 4-way PO matching

If you are a highly matrixed, globally distributed organization, you can leverage our AI-powered platform to deliver accurate invoice processing in 80% less time for highly-accurate GL coding and 4-way PO matching — no template set up required. Get dynamic permission provisioning and maintain approval visibility for audit, and monitor team performance to pinpoint bottlenecks with real-time analytics.

READ ENTERPRISE CASE STUDY

For multi-entity and high-growth companies

Seamlessly ingest all invoices and integrate with major ERPs

If you are a company juggling a high number of vendors or managing through multiple acquisitions, simple RPA automation won’t cover your full workload. Vic.ai can seamlessly ingest all invoices from all vendors, sort across entities, process, approve, and send payments — all from a single platform. It integrates with all major ERPs so you don’t have to rip and replace your existing solution to get the benefits.

READ REAL ESTATE CASE STUDY

For rapidly scaling businesses

Identify early payment discounts and unlock savings

If you are a rapidly scaling company with too much to do and too few people, use Vic.ai to augment AP team capacity by reducing manual and time-consuming work. Our AI can also help identify early payment discounts to unlock more savings potential by quickly detecting qualifying invoices and streamlining the billing process. Plus, we don’t charge US transaction fees, so you can pay how and whenever you want, for free.

READ ACCOUNTING CASE STUDY

“We are on track to save more than 25,000 hours per year by automating away manual invoice processing once Vic.ai is implemented in all our regions. AI is changing the lives of our employees and how our business works.”

Fredrick Wiktor, Application Management Lead

HSB Real Estate

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Vic.ai Autonomous Invoicing can save your team time and money.
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