Vic.ai
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Vic.ai
By Vic.ai
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4.8 out of 5 stars
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Vic.ai Reviews & Product Details

Editadmin
Verified User in Accounting
UA
Small-Business(50 or fewer emp.)
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Verified Current User
Review source: Organic
(Original )Information
What do you like best about Vic.ai?

Vic.ai has a world-leading ai platform for processing incoming invoices. Being able to save as much as up to 95% of the time you spend on processing invoices is unique and something that provides quick earnings for us as a company Review collected by and hosted on G2.com.

What do you dislike about Vic.ai?

I currently have no negative experiences with the system, many releases of new functionality are made every week and if there were any, it would have been useful if we knew what is coming before it is released to be prepared for the changes that are coming. Review collected by and hosted on G2.com.

Recommendations to others considering Vic.ai:

If you are going to use Ai technology for processing incoming invoices, this is a fantastic solution for you Review collected by and hosted on G2.com.

What problems is Vic.ai solving and how is that benefiting you?

I get rid of a large amount of work and have got my digital employee who does the manual work for me Review collected by and hosted on G2.com.

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Vic.ai Overview

Editedit
What is Vic.ai?

Vic.ai is an AI pioneer using autonomy and intelligence to digitally transform accounting and finance to improve productivity, decision-making, and ROI. Vic.ai is addressing the most manual and inefficient task in accounting – invoice processing – to improve its speed and scalability, and ultimately enable customers to reinvent their AP operations. We sell an AP automation solution that enables a significant reduction in time spent, fewer errors, no duplicates, more effective approvals, and seamless integrations with third-party business and finance tools. Our world-class AI expertise and technology engine, combined with our focus on AP, delivers 97-99% processing accuracy, with more than 535M invoices processed, resulting in 5.8M hours saved. Vic.ai is helping to accelerate the digital transformation of accounting and finance, which are under significant pressure to operate more intelligently, proactively, and autonomously in our ‘new normal.’

Vic.ai Details
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Vic.ai Community
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Product Description

Vic.ai is the AI (Artificial Intelligence) Platform for Accounting Productivity. Vic.ai saves time for accounting firms and finance departments by eliminating manual data entry and reducing human error on routine tasks like invoice processing and workflow approvals through AI automation. Accounting firms use Vic.ai to manage repetitive AP tasks and drive cost savings and profit margin improvements, so their workforce can focus on cognitive tasks. CFOs and controllers from high-growth enterprise finance teams use Vic.ai to keep headcount under control, increase security, and reduce costly human errors.

How do you position yourself against your competitors?

Vic.ai's award-winning Autopilot and Autonomous Approval Flow features allow for putting your invoice processing on auto-pilot, replacing legacy OCR and rules-based methods. Invoice processing gets more efficient from day 1, with up to 80% time saved.

Vic.ai mimics the human reasoning and decision-making process in cost accounting, shifting the workflow from transaction entry to just exception handling. This has saved 5M+ hours across our client base from using AI to accurately code invoice data.

Vic's Intelligence feature offers real-time cost optimization strategies with actionable suggestions and monitoring. The solution is revolutionizing accounting workflows by reasoning and making accounting decisions like humans, and the prescriptive AI analytics and foresight will keep your firm ahead of competitors.

Built and deployed entirely in the cloud, Vic.ai is agnostic to ERP systems and industries.

Seller Details
Seller
Vic.ai
Year Founded
2017
HQ Location
New York, NY
Twitter
@VicDotAi
889 Twitter followers
LinkedIn® Page
www.linkedin.com
103 employees on LinkedIn®
KR
Overview Provided by:
Kris Roil

Recent Vic.ai Reviews

AL
Anders L.Small-Business (50 or fewer emp.)
5.0 out of 5
"VIC.AI - cutting edge digitally transformation that boosts business growth"
Vic.ai is definitely one of the best AI platforms in the fintech space I’ve come across. Their solution is revitalizing a sleepy industry when it c...
Read more
Jay C.
JC
Jay C.Small-Business (50 or fewer emp.)
5.0 out of 5
"A fantastic product and great company to partner with"
We’re a reseller of Vic.ai, onboard clients to their platform, and also facilitate integrations with Vic.ai’s API and ERP systems, so we know the s...
Read more
pankaj b.
PB
pankaj b.Mid-Market (51-1000 emp.)
4.5 out of 5
"Automated Invoice recording, Very good controlling and analysis. and sync also"
Invoices automation, Ai saves time ,reduce risk and better control on cash
Read more
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23 out of 24 Total Reviews for Vic.ai

4.8 out of 5
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23 out of 24 Total Reviews for Vic.ai
4.8 out of 5
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4.8 out of 5
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Vic.ai Pros and Cons

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Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
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Overall Review Sentiment for Vic.aiQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
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0 (Difficult)
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pankaj b.
PB
Sr Finance Accountant
Accounting
Mid-Market(51-1000 emp.)
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Validated Reviewer
Verified Current User
Review source: Organic Review from User Profile
What do you like best about Vic.ai?

Invoices automation, Ai saves time ,reduce risk and better control on cash Review collected by and hosted on G2.com.

What do you dislike about Vic.ai?

some time falsly show duplicate invoices. Review collected by and hosted on G2.com.

What problems is Vic.ai solving and how is that benefiting you?

Save time and better control over cash and better sync with ERP . No duplicacy , Powerfull Al tool . Review collected by and hosted on G2.com.

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Sandra P.
SP
Supervisor
Enterprise(> 1000 emp.)
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Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Vic.ai?

The AI does a reaaly great job of reading and pulling the data from invoices. As the system learns, it make data entry easy. Review collected by and hosted on G2.com.

What do you dislike about Vic.ai?

The only thing I have is that the email headers are not included on the backup, so it can be difficult to see the original header data. Review collected by and hosted on G2.com.

What problems is Vic.ai solving and how is that benefiting you?

It allows us to be paperless by storing the invoices and it saves us time on data entry. Then the data can sync to the accouting system, flawlesly. Review collected by and hosted on G2.com.

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Jay C.
JC
President
Small-Business(50 or fewer emp.)
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Validated Reviewer
Review source: Organic
(Original )Information
What do you like best about Vic.ai?

We’re a reseller of Vic.ai, onboard clients to their platform, and also facilitate integrations with Vic.ai’s API and ERP systems, so we know the solution in and out and can say that there’s nothing in the market similar to Vic.ai.

Automating the AP process makes enterprise accounting faster and more accurate, which directly affects the bottom line and might be a make-or-break in a challenging economic environment. It’s a no-brainer to implement at any company that is processing more than 2,000 invoices per month. Review collected by and hosted on G2.com.

What do you dislike about Vic.ai?

Nothing as of yet. Their support to partners like us is amazing. Review collected by and hosted on G2.com.

What problems is Vic.ai solving and how is that benefiting you?

Vic.ai makes our clients more productive and improves their working capital and vendor cost management (the latter due to the prescriptive analytics they provide). When our clients are happy, we’re happy! Review collected by and hosted on G2.com.

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AL
Executive Chairman
Small-Business(50 or fewer emp.)
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Review source: Organic
(Original )Information
What do you like best about Vic.ai?

Vic.ai is definitely one of the best AI platforms in the fintech space I’ve come across. Their solution is revitalizing a sleepy industry when it comes to tech innovation by freeing up accounting and finance teams from repetitive AP workflows. A process that used to take hours or even weeks can be done within minutes at a higher accuracy than ever achieved. Not to mention all the insights generated from the platform, which gives companies a competitive edge. Review collected by and hosted on G2.com.

What do you dislike about Vic.ai?

All is good. I am delighted with their ability to deliver above my expectations. Review collected by and hosted on G2.com.

What problems is Vic.ai solving and how is that benefiting you?

It’s groundbreaking technology that will change people’s lives and how businesses are run. There is so much Vic.ai can solve for in the future, and I’m excited to see what they’ll venture in next. Review collected by and hosted on G2.com.

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IB
Staff Accountant
Mid-Market(51-1000 emp.)
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Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Vic.ai?

Vic.AI does a great job for certain Accounts Payable transactions and saves our firm a lot of time recording routine transactions. Support has been nothing but helpful and there are many useful features that many competitors don't offer. Review collected by and hosted on G2.com.

What do you dislike about Vic.ai?

Vic.AI is constantly improving and there are a few tools that feel a bit clunky to use. I would also like to see more sorting and report options in the future. Review collected by and hosted on G2.com.

What problems is Vic.ai solving and how is that benefiting you?

Vic.AI saves our firm a lot of time by remembering recurring transactions and providing a great starting point to recording invoices, this additional time saved helps to make sure liabilities are paid in a timely manner. Review collected by and hosted on G2.com.

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Yuby H.
YH
Small-Business(50 or fewer emp.)
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Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Vic.ai?

Vic AI helps our team streamline the payment process for invoices and other payment requests. It helps us organize our team and operations to track spending! Review collected by and hosted on G2.com.

What do you dislike about Vic.ai?

I wish it were easier to pull reports related to what each employee has uploaded for payment. Review collected by and hosted on G2.com.

What problems is Vic.ai solving and how is that benefiting you?

It helps us process payments in an organized manner. Review collected by and hosted on G2.com.

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Steve A.
SA
Chief Information Officer at Holy Cross Services
Mid-Market(51-1000 emp.)
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Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Vic.ai?

I like how Vic.ai parses an invoice to provide all the necessary general ledger information, thus allowing for allocation across accounts. Review collected by and hosted on G2.com.

What do you dislike about Vic.ai?

Sometimes, the parsing of an invoice is incorrect, requiring manual correction. Review collected by and hosted on G2.com.

What problems is Vic.ai solving and how is that benefiting you?

Before Vic.ai, we had to manually review each invoice and denote GL account allocation information manually on the invoice. Review collected by and hosted on G2.com.

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Ashlee S.
AS
Small-Business(50 or fewer emp.)
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Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Vic.ai?

It is simple!! Very user friendly and great customer service when needed! Review collected by and hosted on G2.com.

What do you dislike about Vic.ai?

Sometimes I forget to check for approvals, and miss the notification. I wish it would automatically send out reminder notifications Review collected by and hosted on G2.com.

What problems is Vic.ai solving and how is that benefiting you?

Time management! I save so much more time since I have started using Vic Review collected by and hosted on G2.com.

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LS
Small-Business(50 or fewer emp.)
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Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Vic.ai?

Automation and artificial intelligence..

Accounting and finance operations. Review collected by and hosted on G2.com.

What do you dislike about Vic.ai?

Some times the mail goes to spam and finding them is hard. Review collected by and hosted on G2.com.

What problems is Vic.ai solving and how is that benefiting you?

It ingests all accounting transactions and documents,

Uses AI to predict accounting decisions,

Interacts directly with the accounting system Review collected by and hosted on G2.com.

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JL
Internal Financial Auditor
Enterprise(> 1000 emp.)
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Validated Reviewer
Review source: Organic
What do you like best about Vic.ai?

Vic.ai's autonomous invoice processing solves the problem modern-day finance teams face - the constraints of rules and templates. Training the AI on historical data makes implementation and user training simple. Review collected by and hosted on G2.com.

What do you dislike about Vic.ai?

They don't have a direct API integration with our ERP, Peoplesoft yet, but I hear its coming. Review collected by and hosted on G2.com.

What problems is Vic.ai solving and how is that benefiting you?

Real-time processing is moving us away from waiting for invoices to be coded overnight. Now we don't rely on rigid rules and templates. This creates amazing efficiencies and provides us with real-time data for process improvement and spend intelligence. Review collected by and hosted on G2.com.

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Vic.ai