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:

Education

Employees:

1000+

Invoice Volume:

32,000 per year

Avg Manual Time:

10+ mins

60%

Faster processing
within first 3 months

88%

Faster approvals
invoices approved in 2 days

54%

No-touch invoices
in the 2nd full month

CHALLENGE

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

READ CASE STUDY

Industry:

Real Estate

Properties:

6,000

Accountants:

300

Employees:

1,000+

Invoice volume:

1.5M per year

5000

Hours saved
per month

98%

AI accuracy
time per invoice

83%

Decrease in processing
without configuration costs

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.

READ CASE STUDY

Industry:

Retail

Employees:

11,000+

Annual Invoice #:

1.6M

Processing time pre Vic.ai:

10 min

40,000

Hours saved
per year

48

Seconds
invoice processing time

96%

AI accuracy
without configuration consts

CHALLENGE

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

READ CASE STUDY

Industry:

Hospitality/Real Estate

Accountants:

8+

Employees:

15,000+

Annual Invoice #:

600,000+

30%

Less manual labor
per month

56%

No touch invoices
after 3 months

76%

Decrease in processing
time per invoice | 1.21 minutes

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.

READ CASE STUDY

The Market Leading Platform for AP and Bill Pay

7+

Years

18,000

Entities

$9B

Spend

Vic.ai Is Your Accountable AI Partner For Solving:

Complex and time-consuming invoice processing and approvals

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.

See how Higher Ground simplified their complex approval process

Endless vendor volume and relationship management

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.

See how HSB saves over 25,000 hours a year with no-touch invoice processing

Limited headcount or resources

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.

See how Countsy is able to take on more clients due to increased efficiencies

“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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