Vic.ai Introduces Payments Feature to Enhance Autonomous Finance Platform

Vic.ai, a prominent player in the finance technology sector, has unveiled an innovative addition to its autonomous finance platform, as reported by Fintech Global News. The new feature, aptly named Vic.ai Payments, represents a pivotal step towards realizing the company’s vision of offering a comprehensive solution for Accounts Payable (AP) teams. This latest development is set to provide substantial benefits to businesses seeking streamlined financial processes.

Vic.ai Payments has been seamlessly integrated into the company’s flagship AI autonomous finance platform, expanding its reach to customers across the United States. The novel service addresses a critical need within the industry by transforming the Accounts Payable landscape. By unifying all aspects of AP processing, from initial invoicing to final payment, the platform leverages cutting-edge artificial intelligence (AI) to create an end-to-end solution.

Alexander Hagerup, co-founder and CEO of Vic.ai, highlighted the motivation behind this strategic addition. He stated, «Our customers were in search of a solution that not only automates the intake, processing, and approval of invoices but also facilitates one-click payments. With Vic.ai Payments, we have successfully fulfilled this demand.» Hagerup emphasized the company’s commitment to empowering clients to enhance their financial efficiency and control, effectively converting AP departments into profit centers.

This transformational feature enables companies to revolutionize their operational dynamics by providing a singular, secure workflow for executing invoice payments. With a simple click, customers can effortlessly settle invoices with vendors using a variety of preferred methods, including checks, ACH transfers, virtual cards, and international transactions. All of these options are seamlessly integrated into Vic.ai’s unified platform, eliminating the need for disparate systems.

Vic.ai’s proprietary AI technology, which has been recently enhanced for heightened accuracy and superior predictive capabilities, underpins the platform’s capabilities. This AI empowers AP teams to process and approve invoices with heightened efficiency, requiring reduced human intervention and minimizing errors. This leap in automation significantly reduces processing time while increasing the accuracy of invoice handling, culminating in an elevated level of operational excellence for businesses.

Vic.ai’s introduction of the Payments feature to its autonomous finance platform represents a notable stride in revolutionizing AP processes. By amalgamating cutting-edge AI technology with seamless payment solutions, the company is poised to redefine how businesses manage their financial workflows. This innovative step underscores Vic.ai’s commitment to advancing the realm of autonomous finance and driving efficiency across industries.

Other articles
Signicat: Organisations Are Still Unprepared to Fight AI-Driven Fraud
Bowhead Specialty and Kalepa Improve AI-Driven Underwriting
Retail: Adopting POS Systems, Digital Wallets, BNPL
Swift Is Testing AI to Fight Fraud
How Should Financial Institutions Transform Their Operations Using Gen AI
Business-to-Business Innovation: Leverage, Artificial Intelligence, and Embedded Experiences
Emerging Trends in Insurance and Financial Technology
Simplifying Cross-Border Payments: Fuse Technology’s Impact in the GCC
Thredd’s CEO Jim McCarthy on the Future of FinTech
Revolut Expands Mobile Wallet Partnerships in Africa for Faster International Transfers
Alibaba Cloud Expands Global Footprint and AI Talent Development Initiatives
BBVA Improves Productivity via Strategic Open AI Cooperation
New Era of Payments: Pay-by-Bank Solutions
Banks Must Adapt to an Evolving Open Banking Landscape
Fintech Innovation Needs to be «Mass Produced»