Vic.ai vs AvidXchange Detailed comparison features, price

Vic.ai

Vic.ai stands at the forefront of financial technology as the first autonomous platform designed specifically for accounting workflows. The platform leverages advanced AI technology to revolutionize accounts payable operations, offering comprehensive solutions for invoice processing, purchase order matching, approval flows, and payment management.

The platform delivers exceptional results with a 5x faster invoice processing speed and achieves an 85% no-touch rate within six months of implementation. With seamless ERP integration capabilities and an open API architecture, Vic.ai provides a scalable solution that transforms traditional accounting processes into autonomous operations, offering organizations a typical payback period of seven months.

AvidXchange

AvidXchange offers AI-enhanced accounts payable automation solutions designed for finance teams seeking to optimize their bill management, payment processing, and workflow approvals. By integrating seamlessly with existing ERPs and accounting systems, AvidXchange enables organizations to eliminate manual, paper-based processes, centralize oversight, and ensure secure, compliant transactions. Its platform connects businesses with an extensive supplier network, providing flexible and secure payment options tailored to various business needs.

With features like intelligent reporting, customizable workflow automation, full audit trails, and real-time visibility, AvidXchange empowers users to improve productivity and free employees from repetitive tasks. The solution also supports suppliers with fast and reliable payment services through its dedicated Supplier Hub, offering several payment methods and continuous support. Built on over two decades of expertise, AvidXchange is trusted for advancing AP functions while supporting hybrid and remote work environments.

Pricing

Vic.ai Pricing

Contact for Pricing

Vic.ai offers Contact for Pricing pricing .

AvidXchange Pricing

Contact for Pricing

AvidXchange offers Contact for Pricing pricing .

Features

Vic.ai

Autonomous Invoice Processing: 355% improvement in processing productivity
AI-Powered PO Matching: Instant discrepancy identification across multi-line documents
Intelligent Approval Flows: Automated routing and approval without human intervention
B2B Payments Management: Fraud risk reduction and early payment discount identification
Analytics Dashboard: Real-time insights on processing data and team performance
ERP Integration: Compatible with all leading ERP systems and accounting solutions

AvidXchange

AI-Enhanced Automation: Streamlines AP workflows to reduce processing time and improve accuracy.
Seamless Integrations: Connects with over 200 ERP and accounting systems for effortless adoption.
Customizable Workflows: Enables tailored approvals and processes for compliance and control.
Centralized Platform: Offers unified access to all AP activities, reports, and analytics.
Supplier Payment Hub: Provides suppliers with multiple payment options and real-time support.
Intelligent Reporting: Delivers actionable insights and visibility into spend and workflow status.
Full Audit Trail: Maintains a comprehensive record of all transactions for compliance.

Use Cases

Vic.ai Use Cases

Automated invoice processing and validation
Purchase order matching and reconciliation
Streamlined approval workflows
Financial data analysis and forecasting
Vendor payment management
Accounting process automation

AvidXchange Use Cases

Automating invoice processing to eliminate manual data entry.
Streamlining payment approvals and reducing turnaround times.
Enhancing compliance and auditability in financial workflows.
Supporting hybrid and remote finance teams with centralized access.
Improving supplier relationships through faster, secure payments.
Integrating AP automation into existing ERP systems without major IT changes.

FAQs

Vic.ai FAQs

What is the typical ROI timeframe for implementing Vic.ai?

According to the platform statistics, customers typically see a payback period of 7 months on their Vic.ai investment.
What is the no-touch processing rate achieved with Vic.ai?

Customers can achieve an 85% no-touch rate by month 6 of implementation.

AvidXchange FAQs

What ERP and accounting systems does AvidXchange integrate with?

AvidXchange offers integrations with over 200 ERP and accounting platforms, including Oracle NetSuite, Intuit QuickBooks, Microsoft, Sage, Acumatica, Blackbaud, MRI, Rent Manager, and Yardi.
How does AvidXchange improve visibility in the accounts payable process?

It provides a centralized, secure platform with intelligent reporting and real-time access to approvals and payment statuses.
Can suppliers choose their preferred payment methods on AvidXchange?

Yes, suppliers can select from Virtual Credit Card, AvidPay Direct, or mailed checks to suit their business needs.
Is AvidXchange suitable for hybrid and remote teams?

Yes, its secure cloud-based platform supports anywhere, anytime access for finance teams working in hybrid or remote environments.