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Vic.ai

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Company health

Employee growth
10% increase in the last year
Web traffic
17% decrease in the last quarter
Financing
June 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

We find that Vic.ai is ideal for companies looking to automate their invoice processing. Users appreciate its AI-powered capabilities that significantly reduce manual data entry and improve accuracy. Real-time data insights help improve processes and spend intelligence. Keep in mind that occasional parsing errors may occur, and some integrations could be smoother, based on user reviews.

  • Perfect for mid-sized to large companies (100+ employees) seeking efficient, automated AP workflows and insightful financial data.

  • Excellent fit for finance, banking, insurance, software, IT, and telecommunications industries with high invoice processing needs.


Vic.ai features

Supported

Accounts Payable Automation: Autonomous invoice processing that minimizes errors and speeds up the month-end close, allowing teams to focus on strategic tasks.

Supported

Expense Management: AI-driven automation in managing corporate expenses with a unified view of non-payroll expenses in one place via VicCard™ and Expense Management.

Supported

Analytics and Insights: AI-powered insights across invoice workflows, team productivity, and business entities, empowering intelligent action and better operational outcomes.

Supported

AP Manager Efficiencies: Achieve cost efficiencies while maintaining quality with proven AI for invoice processing and bill pay. Strengthen vendor relationships and ease employee workload with transparent, accurate processing in 80% less time.

Supported

AP Inbox: Provides a centralized AP Inbox powered by the AI agent Victoria for efficient accounts payable management.

Supported

Bill Pay: Offers bill payment capabilities, allowing users to save money and take full control of their cash flow with VicPay™.

Supported

Expense Management: Delivers expense management solutions, putting AI-powered expense management at users' fingertips with VicCard™.


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.

There is no pricing information available in the provided reviews. Reach out to Vic.ai directly for detailed pricing information.

See the Vic.ai pricing page.


Vic.ai alternatives

  • Logo of Rossum
    vic-ai vs Rossum
    Effortlessly automates document processing, saving time and money.
    Read more
  • Logo of PredictAP
    PredictAP
    AI invoice processing for real estate. Automates, learns, and integrates.
    Read more
  • Logo of AvidXchange
    AvidXchange
    Automated invoice and payment processing for smoother business.
    Read more
  • Logo of Tungsten ReadSoft Invoices
    Tungsten ReadSoft Invoices
    Automates invoice processing, boosting AP efficiency and accuracy.
    Read more
  • Logo of Tungsten InvoiceAgility
    Tungsten InvoiceAgility
    Automated invoice processing for smoother, faster payments.
    Read more
  • Logo of Nanonets
    vic-ai vs Nanonets
    Automate data entry with AI. Extract info, integrate, and save time.
    Read more

Vic.ai FAQ

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

    We find that Vic.ai is an AI-powered platform that automates invoice processing and expense management. It helps businesses streamline their accounts payable, improving accuracy, reducing manual work, and providing valuable financial insights. In our experience, this frees up your team to focus on more strategic tasks.

  • How does Vic.ai integrate with other tools?

    Vic.ai integrates with existing accounting systems to automate invoice processing workflows. While it lacks direct API integration with some ERP systems like NetSuite and Peoplesoft, it improves efficiency by automating invoice analysis, PO matching, and approvals.

  • What the main competitors of Vic.ai?

    We find that Rossum, AvidXchange, Tungsten Readsoft Invoices, PredictAP, Tipalti, and Tungsten InvoiceAgility are the main competitors of Vic.ai. These alternatives offer similar features like automated invoice processing and AP automation.

  • Is Vic.ai legit?

    We find Vic.ai to be a legitimate and generally well-regarded AI accounting software. G2 reviews rate it highly (4.8/5), praising its automated invoice processing and accuracy. However, some users mention occasional inaccuracies in invoice parsing and some minor UI/UX issues.

  • How much does Vic.ai cost?

    I'm sorry, but pricing information for Vic.ai is not available at this time. We recommend contacting Vic.ai directly for the latest pricing details.

  • Is Vic.ai customer service good?

    We find that Vic.ai's customer service is highly regarded. Users consistently praise the helpfulness, responsiveness, and patience of the support team, particularly when addressing technical issues. The Vic.ai team is also commended for valuing customer feedback and striving to improve the user experience.


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.

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