![]() The accounting industry is being challenged in ways in which it has never seen during the past 500 years.ĭue to its disruptive nature, Vic.ai is venture backed by some of the best investors in Silicon Valley (including Cowboy Ventures) and already helps industry leaders like PWC, KPMG, BDO, as well as many mid-sized firms.Įarly adopters of AI will have a significant market advantage going forward. Many accounting-, audit-, banking-, payroll-, and tax-related tasks are becoming fully-automated with AI and machine learning. By automatically entering invoices into accounting systems for human review, this changes the AP personᅢᄁ¬ツᆲ¬トᄁs workflow from data input to reviewing the AI. This helps public accounting firms create balanced employee workloads during tax season, be more flexible, and protect against new business model threats.ĬFOs and controllers from high-growth enterprise finance teams use Vic.ai to keep headcount under control, increase security, and reduce costly errors due to poor internal controls. This machine learning and cloud automation technology has already been trained on over 100 million live accounting documents and transactions.Īlready surpassing human-level accuracy for many tasks, Vic.ai helps accountants, CFOs, controllers, and accounts payable (AP) teams become more efficient and reduce errors on routine tasks such as invoice processing, approval workflows, and electronic payment processing.ĬPA firms can leverage their human workforce for cognitive tasks, while AI takes care of repetitive tasks, driving dramatic cost savings and profit margin improvements. Vic.ai is the AI (artificial intelligence) platform for accounting firms and enterprise finance departments.
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