Vic.ai is an autonomous finance platform built for accounts payable, positioned as the industry’s first AI-native accounting platform rather than automation with AI bolted on. Its proprietary deep learning model, trained on 1 billion+ real invoices since 2016, autonomously extracts, codes, matches, and routes invoices without templates or rule-based RPA. Beyond core AP, it now includes VicPay (bill pay/vendor portal), VicCard (expense management), VicAnalytics, and newly launched VicAgents. Founded in 2016 by Alexander Hagerup, Kristoffer Roil, and Rune Loyning, it’s raised $115M, is SOC 1/SOC 2 Type 2 compliant, and reports processing 535M+ invoices for 10,000+ customers.

AP automation, reimagined

Key features

Autopilot invoice processing: end-to-end autonomous capture, GL coding, PO matching, approval routing, ERP posting
AI-driven GL coding: codes invoices from historical patterns and content analysis, no templates required
PO Matching: automatically matches invoices against purchase orders
VicInbox (agent-powered AP inbox): manages incoming AP correspondence and documents via "Victoria"
VicPay (bill pay & vendor portal): manages outbound payments and vendor self-service
VicCard (expense management): unified view of non-payroll corporate expenses
VicAnalytics: always-on performance insights across workflows, teams, and entities
VicAgents: newly launched agentic AI partners for broader finance workflows

Strengths

Genuine autonomous decision-making (GL coding, matching, approval routing), not OCR/RPA with an AI label, per independent reviews
Deep learning trained on 1 billion+ real invoices since 2016, giving domain-specific accuracy generic-LLM competitors struggle to match
Strong reported outcomes: 5x faster processing, 85% no-touch rate by month 6, 99% accuracy, 7-month payback period
Formal compliance stack: SOC 1 and SOC 2 Type 2 compliant
First-class, deep integrations with major mid-market/enterprise ERPs: NetSuite, Sage Intacct, Dynamics, SAP S/4HANA, Oracle Fusion, Workday
Well-funded and long-operating since 2016: $115M raised from GGV Capital, Iconiq Capital, Cowboy Ventures

Best for

CFOs needing real-time financial visibility, fraud prevention, and reduced AP costs without added headcount
Controllers needing centralized AP operations, optimized FTE allocation, and stronger balance sheet oversight
AP managers processing high invoice volumes (1,000+/month) who need shortened DPO and fewer overpayments
Mid-to-large enterprises running NetSuite, Sage Intacct, or Microsoft Dynamics wanting genuine end-to-end AP automation
Freight/logistics, construction, manufacturing, and retail companies with named industry-specific solution pages
Accounting/CAS practices serving mid-market clients with high-volume, multi-entity invoice processing needs

Integrations

Oracle NetSuite (native, deep, system)
Sage Intacct (native, deep, system)
Oracle Fusion (native, deep, system)
Workday (native, deep, system)
QuickBooks Online (native, basic, system)
AppFolio (native, basic, system)

Vic.ai

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Added By Caroline Zhang