AP Intelligence discussion summary

Change is good, but it can sometimes be painful. Companies who manage transformation well are 2.5 times more likely to outperform their peers and 6 times more likely to meet or exceed their objectives.

According to a recent StrategicCFO360 and Vic.ai report, 58% of CFOs plan to increase their investment in automation over the next 12 months, with 61% of CFOs pointing towards integration with their current systems as their biggest challenge when automating processes. How do finance leaders continue to drive technology adoption when facing barriers that leave a disconnect between their ERP systems and additional internal or external tools? When looking for a new technology solution - AI in particular - a tool should not require additional head count to manage.

Whether you are curious about AI adoption or finding solutions to your automation challenges, tune into the conversation moderated by Tiffany Luck, from GGV Capital, to gain actionable insights from Vic.ai Co-founder and CEO, Alex Hagerup, and get the answers to your burning questions.

Watch this AP intelligence conversation to:
- Learn how to leverage business intelligence effectively
- Prepare for change management
- Scale your business with continuous learning by AI

TIME SAVED

80% less time spent on processing invoices

ACCURACY

97-99% AI accuracy achieved after training our AI on half a billion documents & transactions

PRODUCTIVITY

5x improvement for financial agility and optimized resources

Invoice ingestion & data extraction

PO matching & exception handling

Cost classification

Seamless invoice exception handling

Posting to General Ledger

Invoice routing & approvals

“I've been blown away by the customer service. You get a very quick response, and the caliber of the support staff is fantastic - you can tell that they understand the issue well.”

“Simply put, it works, it streamlines the AP process, dramatically improves accuracy, and saves time all across the AP process. Vic.ai solves a labor problem by dramatically reducing the time required to process and approve invoices.”

"Automating the ingestion and coding of invoices has proved to be a huge time-saver as we continue to increase the number of invoices that don't need a human touch. The manual nature of invoice processing is finally being addressed by Vic.ai."

Adopting AI technology to drive business growth