Vic.ai

What is Vic.ai?

Vic.ai is an AI-first accounts payable automation platform that processes invoices with minimal manual intervention. It handles invoice coding, approvals, invoice-to-PO matching and payment through its VicPay bill pay product.

Key capabilities of Vic.ai

• Invoice processing: vendor reports 5X faster processing
• Autonomous coding: claims 99% invoice accuracy without coding or setup required
• No-touch automation: vendor cites an 85% no-touch rate by month 6
• Auto-approvals: speeds approvals to accelerate month-end close
• PO matching: matches invoices to purchase orders
• VicPay bill pay: processes payments

How Vic.ai works

Invoices arrive in the platform, and the AI reads and codes them using patterns learned from the organization's history. Matching, approvals and payment follow, and only exceptions need a person. It syncs with ERPs including SAP S/4HANA, Oracle NetSuite and Fusion, Workday, Microsoft Dynamics, Sage Intacct and Acumatica, and has an open API.

Who uses Vic.ai?

Finance and accounts payable teams at mid-size and large companies use it. Customers quoted by the vendor report 97% invoice accuracy and 3 to 6 hours of freed capacity per AP analyst each week.

Vic.ai pricing

Vic.ai does not disclose pricing on its main site. Contracts are quote based, so costs depend on invoice volume and ERP scope. Ask the vendor for a demo and proposal.

Vic.ai alternatives

Alternatives include Stampli for AP with a collaboration layer, Tipalti for AP combined with global payouts, Bill for small business payables, and Basware for enterprise procure-to-pay.