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

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In today’s economic climate, enterprises must be strategic with every dollar they spend. Vic.ai’s current offerings, including Autopilot and Autonomous Approval Flows, will allow our business to keep growing at a rapid pace without requiring us to grow our workforce at the same pace.

Conor Clair, Senior Finance Manager of Accounting

Milwaukee Tool

Partnering with Vic.ai will revolutionize our Accounts Payable operations and allows us to move beyond automation to having multiple workflows handled autonomously by AI. We look forward to seeing significant improvements in efficiency, accuracy, and cost savings.

Patrik Berglund, Head of Finance Operations

Elkjøp Nordic AS

We are a company with grand growth ambitions. It requires us to grow smartly and always keep profitability top of mind. By using innovative and leading technology, we can reduce costs while simultaneously ensuring efficiency and quality in our accounting processes. Vic.ai has the best solution on the market, and the team behind Propell.ai is extremely motivated and competent. We are excited to work together.

Trine Lise Marsdal, Chief Financial Officer

Strawberry

I've been blown away by the customer service. You get a very quick response, and the caliber of the support staff is fantastic - you can tell that they understand the issue well.

Rachel Knapp, VP, Financial & Accounting Systems

Higher Ground Education

AI is changing the lives of our employees and how our business works. We saved more than 60,000 hours in year one by automating manual invoice processing with Vic.ai, even while deploying the technology throughout our regional entities.

Fredrik Wiktor, Application Management Lead

HSB Real Estate

It is rare that a product lives 100% up to its expectation, but Vic.ai does just that. Simply put, it works, it streamlines the AP process, dramatically improves accuracy, and saves time all across the AP process.

David Bier, Chief Operating Officer

Anglin Reichmann Armstrong

Implementing Vic.ai's autonomous AP solution has made us more efficient and provides us comfort as our clients grow their businesses quickly and increase invoice volume. We're now able to handle an influx of invoices without adding tons of manual work to our accounting staffs' plate.

Mairtini Ni Dhomhnaill, Founder

Countsy

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