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Vic.ai

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Last updated on

Company health

Employee growth
17% increase in the last year
Web traffic
8% increase in the last quarter
Financing
September 2022 - $115M

Ratings

G2
4.8/5
(24)

Vic.ai description

Vic.ai is an AI-powered accounting software specializing in automating invoice processing for businesses. Its focus is on making invoice processing faster and more accurate, aiming to eliminate manual data entry and reduce errors. Vic.ai integrates with existing accounting systems to analyze invoices, match purchase orders, and automate approval workflows. This allows your AP team to work more efficiently and make better use of financial data for forecasting and decision-making.


Who is Vic.ai best for

Vic.ai is an AI-powered accounting solution that automates invoice processing, saving businesses time and reducing errors. Users praise its automation capabilities and positive impact on efficiency. However, some have noted occasional inaccuracies in invoice parsing and limitations in ERP integrations. Ideal for small and medium-sized businesses handling numerous invoices, Vic.ai streamlines AP, improves accuracy, and provides valuable financial insights.

  • Best fit for small to medium-sized businesses.

  • Suitable for businesses in various sectors, especially those with high invoice volumes.


Vic.ai features

Type in the name of the feature or in your own words tell us what you need
Supported

Vic.ai automates invoice processing, approvals, and payments, reducing manual work and errors.

Supported

Vic.ai automates invoice processing with its Autopilot feature, reducing manual work.

Supported

Vic.ai offers real-time invoice tracking, reporting, and customizable dashboards.

Supported

Vic.ai automates accounts payable from invoice receipt to payment.


Vic.ai reviews

We've summarised 24 Vic.ai reviews (Vic.ai G2 reviews) and summarised the main points below.

Pros of Vic.ai
  • AI-powered invoice processing significantly reduces manual data entry and time spent on AP.
  • Automates invoice analysis, purchase order matching, and approval workflows.
  • Improves accuracy and consistency of coding, reducing errors.
  • Provides real-time data for process improvement and spend intelligence.
  • Excellent customer support and responsiveness to partner and client needs.
Cons of Vic.ai
  • Occasional inaccurate invoice parsing, requiring manual correction.
  • Some users report emails going to spam and difficulty finding them.
  • Lack of direct API integration with some ERP systems, such as NetSuite and Peoplesoft.
  • Reporting features could be improved with more sorting and filtering options.
  • Some users find certain features clunky or difficult to understand initially.

Vic.ai pricing

The commentary is based on 1 reviews from Vic.ai G2 reviews.

Vic.ai's pricing is not discussed in the available reviews. The reviews focus on the product's value proposition, particularly for enterprises processing high invoice volumes, highlighting its ROI through efficiency gains and cost management.

Users sentiment

Strongly positive
+1

See the Vic.ai pricing page.


Vic.ai alternatives

  • Logo of Xero
    Xero
    Better for small to medium businesses needing basic accounting. Less AI focus. Broader industry fit. More integrations. Negative pricing sentiment.
    Read more
  • Logo of DOKKA
    DOKKA
    Better for mid-sized and larger businesses. Has pre-trained AI, faster implementation, and integrates with popular accounting systems. A Vic.ai competitor and alternative with stronger customer service and ease of use. Growing faster than Vic.ai.
    Read more
  • Logo of Glean.ai
    Glean.ai
    Better for mid-sized US companies focused on spend analysis. Stronger customer support and easier to use. Positive pricing sentiment.
    Read more
  • Logo of inmatic
    inmatic
    Better suited for accounting firms and departments.
    Read more
  • Logo of Multiview ERP
    Multiview ERP
    Better for larger enterprises and offers more robust reporting and customization. Has broader industry applicability but a steeper learning curve. Growing faster than Vic.ai. Users appreciate the workflow automation but dislike the complex UI. A good Vic.ai competitor or alternative for enterprise resource planning.
    Read more

Vic.ai FAQ

  • What is Vic.ai and what does Vic.ai do?

    Vic.ai is an AI-powered accounting software that automates invoice processing, approval workflows, and payments. It eliminates manual data entry, reduces errors, and provides real-time insights for better financial decision-making. Vic.ai integrates with existing accounting systems, improving efficiency and accuracy for businesses.

  • How does Vic.ai integrate with other tools?

    Vic.ai integrates with existing accounting systems to streamline invoice processing, automating tasks such as invoice analysis, purchase order matching, and approval workflows. It aims to improve data flow and efficiency within your existing financial processes.

  • What the main competitors of Vic.ai?

    Vic.ai's top competitors include DOKKA, Xero, and SAP Concur. These alternatives offer similar features like automated invoice processing, expense management, and financial reporting, catering to various business sizes and needs. Xelix and Multiview ERP are also strong competitors for larger enterprises.

  • Is Vic.ai legit?

    Yes, Vic.ai is a legitimate AI-powered accounting software specializing in automating invoice processing. User reviews praise its automation capabilities and positive impact on efficiency. However, some users mention occasional inaccuracies in invoice parsing and reporting limitations. Consider these points when evaluating if Vic.ai is safe and suitable for your needs.

  • How much does Vic.ai cost?

    I couldn't find pricing details for Vic.ai. Contact Vic.ai directly to determine product pricing and if it fits your budget. Exploring alternatives might also be worthwhile if budget is a concern.

  • Is Vic.ai customer service good?

    Vic.ai's customer service receives positive feedback. Users highlight the "amazing" and helpful support, particularly for partners and clients. The customer service team is described as patient, understanding, and dedicated to addressing customer concerns promptly.


Reviewed by

MK
Michal Kaczor
CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

TT
Tymon Terlikiewicz
CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.