AI for Accounting and Finance Blog

As a starting point for building a productive workflow, the AI technology you select needs to understand what you’re sending to the platform. Historically, it’s been tough for a computer to understand documents because of the challenge in extracting relevant content.

AI technology could not previously comprehend context. But this has changed, thanks to rapid progress in the evolution of AI.

The ability to recruit and retain a highly qualified, motivated team that will make sound decisions is the second cornerstone of a strong, competitive accounting firm. Companies that employ the “little, hard-working genius” will have a definite edge here, too.

When you’re thinking about how to select the right AI platform, you first want to clarify why you’re investing in one.

The goal is to find an AI accounting platform that will genuinely work for you, and that will streamline time-consuming, mundane tasks.

The cornerstone of a healthy, competitive accounting firm is a satisfied workforce. As the CEO of a mid-sized accounting firm in South Florida explained, “Employee satisfaction translates into strong client relationships.”

But the concept of “employee satisfaction” is fuzzy. What really goes into becoming the highest-rated accounting firm for employee satisfaction?

It’s been almost two years since we decided to create Vic.ai - an AI platform for accounting firms and small to mid-sized enterprise finance departments. Our long-term vision is to create an artificially intelligent platform that provides superpowers for entire finance departments. We chose to start by proving that we can create real value from AI in the field of accounting and build from there.