Enlightened finance teams use Vic.ai

Customers love using Vic.ai because our AI-first platform drives better business outcomes and we help Finance and Accounting teams maximize their potential. Check out our customer success stories.

Industry: Real Estate    


Properties: 6,000    
   


Accountants: 300    


Employees: 1,000+

Invoice 
volume: 1.5M per year  


CHALLENGE

They had team of 300 accountants using rule-based semi-automation to process 1.5 million invoices with an average processing time around 5 mins/invoice.


READ CASE STUDY

Industry: Logistics

Employees: 500+

Invoice 
volume: 400K per year  


Avg Manual Time: 1.5 mins


CHALLENGE

The AP department struggled to keep up with recording the volume of invoices and payments, causing unnecessary delays in balance sheet reporting and month-end close.

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Industry: Retail  


Employees: 11,000+

Invoice 
volume: 1.6M per year  


Avg Manual Time: 10+ mins


CHALLENGE

Elkjop receives a large volume of invoices daily, and the manual, error-prone processes took up significant time and resources.

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Industry: Real Estate    


Accountants: 8+   


Employees: 15,000

Invoice 
volume: 600,000+ per year

CHALLENGE

Eight full-time AP clerks were required to handle the invoice volume peaks, yet their full-time employees are being underutilized when volume decreases due to less seasonal demand.

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Industry: Education   


Employees: 1000 


Invoice Volume: 32,000 per year

Avg Manual Time: 10+ mins


CHALLENGE

They had a complex invoice approval process involving administrators from all 100 campuses, consisting of multiple approvers and time-consuming email correspondence.

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Industry: Accounting


Accountants: 100+   


Invoice 
volume: 21,000+ per year

Avg Manual Time: 4+ mins mins


CHALLENGE

While already highly digitized, their existing solution still required human intervention: many many hours per month were spent just manually coding invoice, taking 4-5 minutes per invoice.

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Industry: Business Services

Clients: 500+

Invoice 
volume: 200,000 per year

CHALLENGE

They handle more than 200,000 invoices a year and are continuously seeking to optimize their technology, processes, and services for maximum efficiency.

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The market-leading platform for Accounts Payable

7+

Years

18,000

Entities

$9B

Spend

Not just AP automation, proven AI autonomy

For enterprises

Simplify complex processes with highly accurate GL coding and 4-way PO matching

If you are a highly matrixed, globally distributed organization, you can leverage our AI-powered platform to deliver accurate invoice processing in 80% less time for highly-accurate GL coding and 4-way PO matching — no template set up required. Get dynamic permission provisioning and maintain approval visibility for audit, and monitor team performance to pinpoint bottlenecks with real-time analytics.

READ ENTERPRISE CASE STUDY
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A group of business people looking at paperwork.

For multi-entity and high-growth companies

Seamlessly ingest all invoices and integrate with major ERPs

If you are a company juggling a high number of vendors or managing through multiple acquisitions, simple RPA automation won’t cover your full workload. Vic.ai can seamlessly ingest all invoices from all vendors, sort across entities, process, approve, and send payments — all from a single platform. It integrates with all major ERPs so you don’t have to rip and replace your existing solution to get the benefits.

READ REAL ESTATE CASE STUDY

For rapidly scaling businesses

Identify early payment discounts and unlock savings

If you are a rapidly scaling company with too much to do and too few people, use Vic.ai to augment AP team capacity by reducing manual and time-consuming work. Our AI can also help identify early payment discounts to unlock more savings potential by quickly detecting qualifying invoices and streamlining the billing process. Plus, we don’t charge US transaction fees, so you can pay how and whenever you want, for free.

READ ACCOUNTING CASE STUDY
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Milwaukee Tool
Milwaukee Tool

“”

Milwaukee Tool,

HSB Real Estate

Milwaukee Tool
Milwaukee Tool Logo

“We constantly look for ways to improve our operations and we see AI as a path to a more robust finance organization. We are excited to push the envelope on autonomous PO matching in partnership with Vic.ai. It presents us with a great opportunity to incorporate AI into our business and augment our decision-making.”


Conor Clair, Senior Finance Manager of Accounting

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HSB
HSB

“”

HSB,

HSB Real Estate

HSB
HSB Logo

"AI is changing the lives of our employees and how our business works. We saved more than 60,000 hours in year one by automating manual invoice processing with Vic.ai, even while deploying the technology throughout our regional entities."

Fredrik Wiktor, Application Management Lead

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Heart Aerospace
Heart Aerospace

“”

Heart Aerospace,

HSB Real Estate

Heart Aerospace
Heart Aerospace Logo

"As a data-driven company, we rely on precise and actionable insights to make informed decisions that drive our business forward. Vic.ai's comprehensive analytics align seamlessly with our approach, enhancing our ability to monitor platform and team performance, optimize resources, and ultimately, lead the charge towards a sustainable and accessible air travel future with our ES-30 electric planes."

Alexander Andrén, CFO

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Higher Ground
Higher Ground

“”

Higher Ground,

HSB Real Estate

Higher Ground
Higher Ground Logo

“Our complicated invoice approvals process was impeding everyone involved – from the administrators at our schools to the AP clerks at our headquarters. Routing approvals is now an easy process. Our AP team is no longer struggling to get invoices approved on time and leadership loves being able to compare previous bills on the go with the Vic.ai mobile app.”

Rachel Knapp, VP, Financial and Accounting Systems

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Elkjop
Elkjop

“”

Elkjop,

HSB Real Estate

Elkjop
Elkjop Logo

"Partnering with Vic.ai will revolutionize our Accounts Payable operations and allows us to move beyond automation to having multiple workflows handled autonomously by AI. We look forward to seeing significant improvements in efficiency, accuracy, and cost savings."

Patrik Berglund, Head of Finance Operations

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Strawberry
Strawberry

“”

Strawberry,

HSB Real Estate

Strawberry
Strawberry Logo

"We are a company with grand growth ambitions. It requires us to grow smartly and always keep profitability top of mind. By using innovative and leading technology, we can reduce costs while simultaneously ensuring efficiency and quality in our accounting processes. Vic.ai has the best solution on the market and we are excited to work together."

Trine Lise Marsdal, CFO

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Anglin Reichmann Armstrong
Anglin Reichmann Armstrong

“”

Anglin Reichmann Armstrong,

HSB Real Estate

Anglin Reichmann Armstrong
Anglin Reichmann Armstrong Logo

"It is rare that a product lives 100% up to its expectation, but Vic.ai does just that. Simply put, it works, it streamlines the AP process, dramatically improves accuracy, and saves time all across the AP process."

David Bier, COO

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