Autonomous Approval Flows with AI

AUTONOMOUS APPROVAL FLOWS

Lengthy approval processes are among the top causes of late payments and missed discounts. Enterprise companies process an exhausting number of invoices – sometimes in the millions per year, creating an immense amount of approval actions. Approvers process so many invoices that it’s easy to forget or miss important information – like what happened with a specific vendor’s last few invoices or price changes from month to month.

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Complex approval matrices in digital spreadsheets, paper invoices, and geographically dispersed approvers further slows down the process. The consequence? Lost or delayed approvals mean late payment fees, or worse. With Vic.ai, you can design the appropriate approval routing for any scenario or organization size and enforce compliance throughout the approval process. Built-in communication keeps dialogue in context and shortens time to resolve discrepancies.

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ELIMInATE AP BOTTLENECKS

Vic.ai provides a first-of-its-kind Approval Flows feature that kicks the agony of inefficient approval processes to the curb.

Vic.ai employs unique AI technology to process and classify the incoming vendor invoice and routes them to the correct approval flow automatically. Upon reaching a high enough degree of confidence, the AI can complete approval steps on behalf of the users – 24 hours a day, 365 days a year. No more stress to meet a payment due date because you’re chasing down approvers.

The pairing of Vic.ai’s Autopilot feature and Autonomous Approval Flows provides the foundation for truly autonomous accounting.

“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

“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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