Vic.ai, a software company specializing in AI-driven accounting automation, has announced its fourth quarter (Q4) product launch, introducing VicInbox and VicCard to transform the Accounts Payable (AP) landscape.
These solutions are expected to streamline workflows, reduce errors and facilitate data-driven decisions.
At the heart of these innovations is Victoria, Vic.ai’s proactive AI teammate, which is an integral part of the Vic.ai APSuite and delivers autonomous workflows for invoice processing, PO matching and approvals.
VicInbox plans to transform the way AP teams handle their communications by automating email management.
It categorizes emails, prioritizes tasks and generates personalized responses using data from Vic.ai and ERP systems.
The tool also processes invoices received via email, including different formats, and integrates these workflows into the Vic.ai platform, allowing teams to focus on strategic tasks.
VicCard introduces a new level of control and simplicity in business expense management.
It provides instant access to physical or virtual cards, a chat-based interface for submitting receipts and real-time interaction with Victoria for all card-related queries.
The AI-first business card automates transaction classification, improves compliance, and consolidates expense data into a single dashboard for improved transparency and control.
These innovations from Vic.ai are said to be in response to the increasing workload and need for cost minimization and compliance in today’s accounting industry.
By automating repetitive tasks and providing advanced tools, Vic.ai’s Q4 product launch enables AP teams to move from reactive processes to proactive strategies.
Vic.ai CEO and co-founder Alexander Hagerup said: “Our mission has always been to empower accounting teams to do their best work by automating the repetitive and simplifying the complex.
“Since 2016, we have pioneered AI solutions that have delivered hundreds of millions of real, measurable ROI (return on investment), saving our customers time and money. With these Q4 innovations, we’re expanding what’s possible: introducing an intelligent inbox to transform supplier communications and an AI-powered expense solution that takes the pain of managing spend away for everyone.”
In August, the company addressed outdated invoice approval processes with the introduction of role-based approval flows, further expanding its suite of solutions for large, multi-entity organizations.
“Vic.ai Introduces New AI-Based Products for Accounts Payable” was originally created and published by International Accounting Bulletin, a brand owned by GlobalData.
