Vic.ai
Vic.ai is an AI-native autonomous accounts payable platform serving enterprise finance teams and accounting firms. It uses proprietary AI trained on hundreds of millions of invoices to deliver template-free invoice processing, PO matching, approvals, payments, expense management, and analytics integrated with major ERP systems.
- Company typePrivate
- Founded2016
- HeadquartersNew York, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Vic.ai does
Vic.ai is a New York-based software company operating under the legal entity XFO Financials Inc. and founded in 2016 by Alexander Hagerup (CEO) and Kristoffer Roil. The company builds an AI-native autonomous accounting platform targeting enterprise finance teams and accounting firms, with primary use cases in accounts payable automation, invoice processing, PO matching, approvals, bill payment, and corporate expense management. The company serves customers across at least seven verticals including transportation and logistics, manufacturing, construction, retail, aerospace, hospitality, and consumer goods, and has expanded its go-to-market to explicitly target private equity-backed portfolio companies seeking cash-flow and EBITDA improvements.
The platform is modular, centered on the APSuite core, and integrates natively with more than a dozen major ERP systems including SAP S/4HANA, Oracle NetSuite and Fusion, Microsoft Dynamics GP/NAV/Great Plains, Sage Intacct, Acumatica, Workday, Xledger, RealPage, AppFolio, and Viewpoint Vista via an open API. Its proprietary AI is trained on hundreds of millions of invoices and is positioned to operate without templates, achieving claimed 97-99% day-one accuracy, an 85% no-touch rate by month six, and 5x faster invoice processing. Recent product additions include VicInbox (agent-powered AP inbox), VicCard (AI-first corporate expense cards), VicPay (bill pay and vendor portal), VicAnalytics, and VicAgents (agentic AI partners for finance workflows), signaling an architecture shift from process automation to autonomous agentic execution.
Vic.ai operates a subscription-based SaaS model with quote-based pricing and tiered analytics packages (Standard, Advanced, Premium) on annual billing cycles. Revenue is generated primarily through direct enterprise field sales targeting CFOs, Controllers, and AP Managers, supplemented by a channel partner network of technology partners and VARs. The company has raised a total of $52 million in a Series C round in December 2022 led by GIC with participation from Goldman Sachs, WestCap Group, and Canvas Ventures, reports $13.9 million in ARR as of 2023, employs 51-100 people, and was named a Leader in Small Business and Major Player in Midsized/Enterprise segments of the IDC MarketScape: Worldwide Accounts Payable Automation Software 2024 Vendor Assessment.
Vic.ai firmographics
Firmographics- Name
- Vic.ai
- Legal name
- XFO Financials Inc.
- Website
- https://vic.ai
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Vic.ai is an AI-native autonomous accounts payable platform serving enterprise finance teams and accounting firms. It uses proprietary AI trained on hundreds of millions of invoices to deliver template-free invoice processing, PO matching, approvals, payments, expense management, and analytics integrated with major ERP systems.
- Ownership category
- akta.pro rank
Vic.ai industry classification
Industry- Product category
- AI Accounts Payable Automation Software
- NAICS
- Software Publishers (513210)
- akta.pro primary industry
- End-to-End Enterprise AI Platforms (MLOps & Model Lifecycle Management) (HDAEANAA)
- akta.pro secondary industry
- iBPMS (Intelligent BPM Suites) & Process Automation Suites (HDAEAHAG)
Keywords
Where Vic.ai is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Vic.ai business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Subscription-based SaaS: AI-powered AP automation platform delivered as subscription service with tiered analytics packages (Standard, Advanced, Premium)
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Standard Analytics - Core AP metrics |
| Subscription | Annual | Advanced Analytics - Enhanced insights |
| Subscription | Annual | Premium Analytics - Full platform access |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels7 records
Vic.ai product offering
Product offeringCore offering
Vic.ai operates an AI-native autonomous accounting platform that automates accounts payable end-to-end, including invoice ingestion, contextual data extraction, PO matching, approvals, payments, and analytics. The platform is sold to enterprise finance teams and accounting firms as a modular SaaS suite (APSuite, VicInbox, VicPay, VicCard, VicAnalytics, VicAgents) that integrates with major ERP systems.
Product overview
Vic.ai is an AI-native autonomous finance platform that offers a modular product architecture centered on its APSuite platform. The portfolio includes core AP automation modules (Invoice Processing, PO Matching, Approvals), agent-powered solutions (VicInbox with Victoria, VicAgents), payment solutions (VicPay, VicCard), and analytics (VicAnalytics). All modules are designed to work together as a unified platform, enabling end-to-end autonomous accounting from invoice ingestion through payment execution.
Differentiator
Problem solved
Functional benefit
Brands
- VicInbox: Agent-powered AP inbox for Accounts Payable automation and email management.
- VicCard
- VicAnalytics
- VicAgents
- VicPay
Products and services
- Vic.ai APSuite Flagship AI-first accounts payable automation platform providing autonomous invoice processing, 3-way and 4-way PO matching, configurable approval workflows, and 97-99% invoice data extraction accuracy without templates. Designed for enterprise finance departments and accounting firms.
- VicInbox Agent-powered AP inbox featuring Victoria that automates email management and centralizes invoice intake for accounts payable operations. Built to enable centralized AP workflows across email channels.
- VicPay Bill pay and vendor portal solution that enables organizations to securely initiate and manage vendor payments directly within the Vic.ai platform, extending automation from invoice processing to payment execution.
- VicCard AI-first corporate expense card product with real-time transaction classification and expense consolidation, providing a unified view of non-payroll corporate spend.
- VicAnalytics AI-powered analytics and insights module with tiered dashboards (Standard, Advanced, Premium) providing real-time visibility into invoice workflows, team productivity, and business entity performance.
- VicAgents Agentic AI partners built specifically for finance workflows, representing the evolution from automated AP processing to autonomous AI agents that can perform complete AP workflows on behalf of finance teams.
Quantifiable outcome
- 97-99% accuracy on invoice data extraction and coding
- +11 more outcomes
Companies that use Vic.ai
Customer profileNamed customers9 records
Segments7 records
Ideal customer profiles3 records
Vic.ai technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration14 records
AI capability8 records
Feature8 records
Vic.ai partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core and minor.
- MicrosoftcoreVic.ai integrates with Microsoft Dynamics GP, Microsoft Dynamics NAV, and offers ERP integrations that work seamlessly with Microsoft ecosystem products
- OraclecoreVic.ai integrates with Oracle Fusion Applications and Oracle NetSuite ERP systems
- SagecoreVic.ai integrates with Sage Intacct for seamless AP automation workflow
- SAPcoreVic.ai integrates with SAP S/4 HANA for enterprise AP automation
- WorkdaycoreVic.ai integrates with Workday financial management system
- AcumaticacoreVic.ai integrates with Acumatica cloud ERP platform
- XledgercoreVic.ai integrates with Xledger for cross-entity AP automation
- RealPagecoreVic.ai integrates with RealPage property management ERP
- AppFoliocoreVic.ai integrates with AppFolio property management and accounting software
- Viewpoint (Trimble)coreVic.ai integrates with Viewpoint Vista construction ERP
- Private Equity FirmscorePrivate equity-backed companies increasingly adopting Vic.ai for operational efficiency, cash flow optimization, and scalable growth capabilities
- Value-Added Resellers (VARs)minorExtensive partner network includes VARs reselling and distributing Vic.ai solutions
Scale indicators9 records
Recent moves6 records
Expansion highlights6 records
Vic.ai competitors and assessment
Company assessmentDirect peers
- Tipalti: Direct AP automation and global payments competitor targeting mid-market and enterprise finance teams with similar AI-driven invoice processing and supplier management capabilities.
- Bill.com: Public AP automation and bill pay platform serving SMB and mid-market accounting partners; competes with Vic.ai on automated invoice capture, approvals, and vendor payments.
- Stampli: AI-powered AP automation platform focused on invoice processing, collaboration, and payments for mid-market and enterprise customers — directly comparable product and buyer to Vic.ai.
- AvidXchange: Long-standing AP automation vendor for mid-market and enterprise, with invoice, purchase order, and payment workflows that overlap materially with Vic.ai's AP suite.
- Yooz: Cloud AP automation vendor using AI for invoice capture and workflow, serving mid-market and enterprise customers in a comparable way to Vic.ai.
- Medius: AP automation and spend management vendor with AI-based invoice processing; direct competitor to Vic.ai across mid-market and enterprise finance teams.
Broad incumbents
- BlackLine: Public accounting automation platform covering close, intercompany, and AP; broader portfolio than Vic.ai but overlapping in invoice-to-cash and AP automation for enterprise finance.
Emerging players
- Ramp: Fast-growing corporate card and spend management platform with bill pay and AP automation features that increasingly overlap with Vic.ai's VicCard and VicPay modules.
- Brex: Corporate card and expense platform with embedded bill pay capabilities; comparable to Vic.ai's expansion into expense management and payments for enterprise customers.
- Airbase: Spend management platform combining corporate cards, AP automation, and approvals; overlaps with Vic.ai's APSuite plus VicCard and VicPay modules.
Market position
Strengths5 records
Weaknesses5 records
Key risks5 records
Key highlights7 records
Customer concentration
Vic.ai social profiles
Digital presenceVic.ai financial estimates
Financial estimateRevenue estimate
Valuation estimate
Vic.ai leadership team
Management profileNumber of profiles
Profiles4 records
Vic.ai funding detail
Funding detailFunding overview
Funding rounds5 records
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Vic.ai M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Vic.ai
What does Vic.ai do?
Vic.ai operates an AI-native autonomous accounting platform that automates accounts payable end-to-end, including invoice ingestion, contextual data extraction, PO matching, approvals, payments, and analytics. The platform is sold to enterprise finance teams and accounting firms as a modular SaaS suite (APSuite, VicInbox, VicPay, VicCard, VicAnalytics, VicAgents) that integrates with major ERP systems.
Is Vic.ai a public or private company?
Vic.ai is a private company. It is classified as venture growth investor backed and is currently operating.
When was Vic.ai founded?
Vic.ai was founded in 2016. It employs 51 to 100 people.
Where is Vic.ai based?
Vic.ai is headquartered in New York, United States, in the North America region.
How does Vic.ai make money?
One revenue line is on record: subscription-based SaaS.
Who are Vic.ai's main competitors?
Direct peers on record are Tipalti, Bill.com, Stampli, AvidXchange, Yooz and Medius. BlackLine is listed as a broad incumbent. Emerging players are Ramp, Brex and Airbase.
Does Vic.ai have an API?
Yes. Vic.ai connects via API to sync invoice data, coding, approvals, and posting information with ERP systems. The platform features a flexible and scalable open API for seamless ERP integration.
What industry is Vic.ai in?
Vic.ai's product category is AI Accounts Payable Automation Software. Its primary akta.pro industry code is HDAEANAA, End-to-End Enterprise AI Platforms (MLOps & Model Lifecycle Management), with a secondary code of HDAEAHAG, iBPMS (Intelligent BPM Suites) & Process Automation Suites. Its NAICS code is 513210.