back Back

Vic.ai launches payments feature to offer autonomous finance solution

By Delisha Fernandes

September 01, 2023

  • Accounts Payable
  • Autonomous Finance Platform
  • Cash Flow
Share

Vic.ai, Autonomous finance platform, Accounts Payable, cash flow, invoices, electronic payments, corporate finance, FinTech news, FinTech USAVic.ai, an AI autonomous finance platform, has launched Vic.ai Payments to deliver an end-to-end solution for Accounts Payable (AP) teams.

Vic.ai Payments saves time, reduces risk, and improves cash flow by integrating all components of AP processing, from invoice to payment, into a single, end-to-end system powered by the industry’s most advanced artificial intelligence (AI).

“Our customers wanted a solution that not only autonomously ingested, processed, and approved invoices, but also enabled one-click payments. And with Vic.ai Payments, we have delivered,” said Alexander Hagerup, co-founder and CEO of Vic.ai. “We’re thrilled to continue helping our customers gain control over their cash flow throughout their invoice processing journey, turning their AP departments into profit centers and taking them another step closer to autonomous finance.”

Many companies pay their invoices with checks –a time consuming and high-risk form of payment, prone to error and fraud. Switching individual vendors to electronic payments is cumbersome, and storing sensitive payment information from vendors presents risk.

Vic.ai Payments changes the game by offering a single, secure workflow for customers to pay invoices in one click, to any vendor, however they prefer – via check, ACH, virtual card, or international – all within Vic.ai’s integrated platform. Vic.ai’s proprietary AI, which was recently enhanced to increase accuracy and best-in-class predictions for customers, already empowers AP teams to process and approve invoices with less human oversight, in less time, and with fewer errors than ever before.

This advanced AI has saved 10,000+ corporate finance and accounting clients more than $188 million and six million hours. Vic.ai Payments completes that autonomous invoice lifecycle, posing even greater savings for customers.

Previous Article

August 31, 2023

Banking Circle Group forays into Australia with the launch of BC Payments

Read More
Next Article

September 01, 2023

FundBank taps Profile Software tech to manage Custody operations

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

Accounts Payable

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 23, 2024

4 BNPL platforms providing financial freedom to consumers in MENA

Read More

July 23, 2024

Paytm & Axis Bank to offer POS solutions to merchants

Read More

July 23, 2024

Klarna integrates Sofort payment service with Klarna Payments

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024