Opportunity

Heart Aerospace is on a mission to decarbonize and democratize air travel through the manufacturing of electric, regional jets. Funded by leading investors such as Breakthrough Energy Ventures, EQT Ventures, European Investment Council, Lower Carbon Capital, Mesa Air Group Inc., and United Airlines Ventures, they are scaling up the production of ES-30 electric planes. The ES-30 is a regional airplane with a seating capacity of 30 passengers that offers lower emissions, lower noise pollution, and lower operating costs on short-haul routes than conventionally fueled airplanes.

Because electric planes are more cost-effective to operate, there is a market opportunity to make air travel more affordable, while still ensuring airline operators can maintain a sustainable profit. But manual Accounts Payable (AP) processes and inefficient spend can significantly impact the ability to move at the speed of this rapidly changing industry. To support the planned increase in market demand, the Heart Aerospace team needed a technology solution and AP process that fueled their growth, ensuring invoices and vendors were paid swiftly to avoid production delays.

Solution

Vic.ai’s autonomous finance platform provides clear benefits above traditional automation solutions, and gives the Heart Aerospace finance team an AI-first, end-to-end solution for invoice processing through vendor payments, eliminating manual effort and ensuring scalability across their operations.

Alexander Andrén, Head of Finance at Heart Aerospace, picked Vic.ai because it’s the most advanced solution of its kind. Heart Aerospace will establish a best-in-class AP department for invoice processing and bill pay, integrating seamlessly with their ERP, Infor Cloud LN, and enabling the team to efficiently scale their operations as business grows. In addition, Vic.ai’s analytics offering will surface actionable insights for continuous improvement for both the AP team and vendor relations.

The implementation of the Vic.ai autonomous finance platform will support the Heart Aerospace team with less time spent on manual, time-consuming work, and more time for innovative and strategic thinking to support their responsibly-minded growth.

Learn more about Heart Aerospace.

Learn more about the Vic.ai autonomous finance platform.