Last updated: 2026-05-29
Vic.ai processes 535M+ invoices with 99% accuracy, automating AP for mid-market and enterprise teams. Custom pricing, 85% no-touch rate by month 6. Worth it?
Vic.ai is an AI-first accounts payable automation platform founded in 2016 and headquartered in New York. It has processed over 535 million invoices with 97-99% accuracy, serving over 10,000 entities and processing more than $30 billion in spend. Pricing is custom and quote-based with no free tier. Clients typically hit an 85% no-touch invoice rate within six months.
Usage-based enterprise pricing customized per org. 30-day free trial available.
Vic.ai is an accounts payable automation platform that uses AI to process invoices, match purchase orders, route approvals, and manage vendor payments without manual data entry. Its Autopilot feature handles the full invoice lifecycle from ingestion through GL coding and approval with no human review when AI confidence exceeds 95%. The platform also includes VicInbox for vendor email management, VicPay for B2B payments, VicAnalytics for real-time AP reporting, and VicAgents for autonomous task execution. It integrates with ERPs including NetSuite, SAP, Oracle, Workday, and Microsoft Dynamics.
Vic.ai claims 97-99% processing accuracy across its customer base and reports that clients achieve an 85% no-touch invoice rate within six months of going live. The AI is trained on a dataset of over 1 billion invoices, which the company says is the largest claimed training set in the AP automation category. One documented customer case showed labor cost per invoice drop from $3.30 to $0.53, an 84% reduction. The platform flags duplicate invoices automatically and learns from any manual corrections made by accountants, improving accuracy over time.
Vic.ai does not publish standard pricing tiers. The platform uses a custom, quote-based subscription model where cost depends on invoice volume, number of users, and which modules are contracted, such as Autopilot, VicPay, VicAnalytics, and VicInbox. There is no free plan and no free trial. Prospective customers must contact Vic.ai directly for a quote. Implementation typically takes 4-8 weeks and includes dedicated onboarding support for ERP integration setup.
Vic.ai was founded in 2016 by Alexander Hagerup (CEO) and Kristoffer Roil (COO), both Norwegian entrepreneurs based in New York. The company has raised a total of $115 million across four funding rounds: a seed in 2017 led by Cowboy Ventures, an $11.2 million Series A in 2019 with GGV Capital, a $50 million Series B led by ICONIQ Growth, and a $52 million Series C in December 2022 co-led by ICONIQ and Notable Capital. Vic.ai has approximately 100 employees and is headquartered in New York City.
Vic.ai offers native integrations with NetSuite, SAP, Oracle, Workday, Microsoft Dynamics, PeopleSoft, and Coupa, among other ERP systems. The platform also provides an open API with a common data model that allows connection to any ERP or accounting system, enabling webhook-based event triggers for invoice posting, payment reconciliation, and master data sync. The API is rate-limited to 500 requests per 10-second window and uses OAuth authentication. Official API documentation is available at docs.vic.ai.
Vic.ai's most frequently cited limitations include no direct integration with some ERP systems, US-only payment support via VicPay (international companies must process transfers through their own banks), and no bulk multi-currency payment batching, which increases processing time 2-3 times for international small-ticket spend. The interface supports only English, Swedish, and Norwegian natively, limiting adoption in other markets. Some users also report occasional invoice parsing errors requiring manual correction, slow customer support response times, and limited sorting and reporting options in certain modules.
Vic.ai sits at the fully autonomous end of the AP automation spectrum, designed for upper mid-market and enterprise companies typically processing 1,000 or more invoices per month who want the AI to handle routine AP with minimal human oversight. Stampli takes a human-assisted approach where AI suggests and humans approve, making it better suited for mid-market teams that want full visibility into every invoice decision. Tipalti is the strongest option for global payment needs, supporting 196 countries and 120 currencies with a Starter plan from $129 per month. BILL targets SMBs with simpler needs starting around $45 per user per month. Vic.ai has no published starting price and requires a custom quote.