Vic.ai, a software company specialising 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 integral to the Vic.ai APSuite, delivering autonomous workflows for invoice processing, PO matching, and approvals.
VicInbox intends to transform the way AP teams handle their communication by automating email management.
It categorises emails, prioritises tasks, and generates personalised responses using data from Vic.ai and ERP systems.
The tool also processes invoices received via email, including various formats, and integrates these workflows into the Vic.ai platform, enabling teams to concentrate on strategic tasks.
VicCard introduces a new level of control and simplicity to corporate expense management.
It offers instant access to physical or virtual cards, a chat-based interface for receipt submission, and real-time interaction with Victoria for all card-related inquiries.
The AI-first corporate card automates transaction classification, enhances compliance, and consolidates expense data into a single dashboard for improved transparency and control.
These innovations from Vic.ai are said to be a response to the increasing workloads and the need for cost minimisation and compliance in today's accounting sector.
By automating repetitive tasks and providing advanced tools, Vic.ai's Q4 product launch empowers 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've pioneered AI solutions that have delivered hundreds of millions in 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 vendor communication and an AI-driven expense solution that eliminates the pain of managing expenses for everyone."
In August, the company addressed outdated invoice approval processes with the introduction of role-based approval flows, further enhancing its suite of solutions for large, multi-entity organisations.
"Vic.ai introduces new AI-based products for Accounts Payable" was originally created and published by International Accounting Bulletin, a GlobalData owned brand.