Vic.ai offers an analytics dashboard for monitoring the performance of accounts payable tasks. In addition, the AI models analyze how a business handles supplier payments and, over time, learn when payments can be automatically accepted. Vic.ai claims its platform automatically distributes each supplier invoice to the appropriate executive for review. Organizations are frequently required to approve supplier invoices before payment. Vic.ai asserts that its platform minimizes these accuracy difficulties and is easier to deploy. However, according to Vic.ai, competing technologies frequently experience accuracy concerns when a company receives a bill in a format that differs from its usual suppliers. There are additional products on the market capable of automating invoice processing workflow similarly. Vic.ai asserts that their platform’s AI models can automatically extract data from invoices to save the finance team’s time. Traditionally, this task was performed manually. To process a supplier invoice, an organization must extract the invoice’s transaction details and add them to its enterprise resource management system. Vic.ai has reportedly helped corporations save roughly USD 200 million in expenses by improving accounting processes. Using Artificial Intelligence (AI), the startup’s platform automates a significant portion of the task’s manual labor. Vic.ai is a software platform business used to handle the accounts payable process or pay vendors for goods and services. The corporation has received a total of USD 115 million from outside sources. Cowboy Ventures and Costanoa Ventures, two additional returning investors, also participated. XFO Financials Inc., a startup in accounting automation doing business as Vic.ai, has raised USD 52 million in a newly announced investment round.Įxisting investors in Vic.ai like GGV Capital, and ICONIQ Growth led the Series C funding round. Organizations are frequently required to approve supplier invoices before payment.Using artificial intelligence, the startup’s platform automates a significant portion of the task’s manual labor.Maxime Ingrao found that the Symoo app leaks exfiltrate SMS data to a domain used by a different app called “Virtual Number,” which was formerly available on Google Play but has since been taken down.Īdditionally, the creator of the “Virtual Number” app released the “ActivationPW – Virtual Numbers” app on Google Play, which has received 10,000, downloads and provides “Online numbers from more than 200 countries” that, can be used to create an account. Reviewers claim that their messages are now flooded with one-time passcodes for accounts they never created. Hence, the app will have already used the Android users’ phone numbers to generate fake accounts on various online platforms. Notably, users will often remove the app as soon as it’s finished because it will freeze and never arrive at the promised SMS interface. Since this procedure takes a while, the remote operators are able to send several 2FA ( two-factor authentication) SMS texts to users who are signing up for different services, reading their content, and then sending it back to the operators. The researcher explains that it requests the user’s phone number on the first screen and then overlays a fake loading screen that purports to display the status of loading resources. Steal Phone Numbers to Verify & Create New Web Accounts As soon as the software is installed on the device, it asks permission to send and receive SMS, which seems reasonable given that Symoo advertises itself as a “simple to use” SMS app.
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