We're thankful for our customers' trust and partnership on Vic.ai's innovation journey, redefining enterprise finance with new levels of efficiency and accuracy.
December 22, 2023
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Redefining the future of finance with AI
As we look back on an eventful 2023, we extend our deepest gratitude to you, our customers, for being an integral part of the Vic.ai journey. Your insights and engagement have been pivotal in our steady push to innovate and drive the industry forward. This year, we processed over 12 million transactions with our proprietary AI. And that's just the beginning of some very big numbers.
Your trust in Vic.ai has enabled us to redefine what's possible, delivering new levels of efficiency and accuracy in enterprise finance, and for that, we are thankful.
Our customers are the real stars
We are grateful to all of the over 9K companies using Vic.ai who have joined us in our quest to revolutionize Accounts Payable. Your efforts to modernize and prioritize efficiency for your team have set the stage for a seismic shift in the industry.
AI = Efficient spending and increased savings
Across all of the invoices and all of the spending, Vic.ai worked effortlessly in the background, applying AI to the entire AP process from invoice ingestion to payments. This resulted in millions of dollars saved for Vic.ai customers across the United States and Europe.
More time spent on projects that matter
In finance, it always seems like there are more things to accomplish than hours in the day. But the power of AI can turn that scenario around. This year Vic.ai customers saved 6 million AP processing days, 360K invoice processing hours, and reduced time spent on invoice processing by 80%.
Compounding applies to more than just finance
At Vic.ai, we understand the power of steady, intentional progress. Our Product and Engineering teams raised the bar again this year by delivering 149 new powerful products and features that help our customers maximize their finance teams' potential, saving countless hours while driving up cash efficiency. Here's a quick peak at just a few of our game-changing releases this year!
Vic.ai launches Payments in 2023!
Managing payments has never been easier with Payments from Vic.ai. Our AI-driven system enables you to dramatically decrease the time from processing to payments, reduce late fees, save money with early pay discounts, and strengthen supplier relations. The power of AI + integration with vendor spend = next level cash efficiency.
PO Matching helps complete the vision of Autonomous Finance
With the launch of PO Matching this year, we opened up an entirely new workflow for many of our customers, delivering more efficiency and savings across the entire Accounts Payable process. 2-way and 3-way PO Matching is now fully embedded into the Vic.ai platform and seamlessly cross-references invoices with purchase orders, ensuring precision and compliance while saving countless hours of tedious matching.
Generative AI model enhancements
Our newest Pagefields LLM introduces a generative AI model that isn't tied to structured text boxes. This AI model excels at predicting header fields and values that aren't explicitly written on an invoice, presenting a cost-efficient way to handle fields and boosting accuracy.
A banner year at Vic.ai
We're proud of the growing recognition across industries and continents for Vic.ai's transformative AI platform, and this year saw a number of industry accolades, with inclusion on the CB Insights Fintech 100, CNBC's World's Top Fintech list and Inc. 5000 Fastest Growing Private Companies list, among others.
