Vic.ai launches payments feature to offer autonomous finance solution

By Delisha Fernandes

‍Vic.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.