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Vic.ai;; a startup that automates accounting tasks;; has raised $12.7 million in three rounds of funding. The startup shared its Series A pitch deck;; which generated $11.2 million from investors last year;; with Business Insider. Visit Business Insider's homepage for more stories.", "slideCount": 12, "companyName": "Vicai", "description": "Large firms like McKinsey;; PwC;; and Deloitte continue to dominate the professional services industry;; but technology startups are generating buzz by disrupting the way firms traditionally do business. Vic.ai;; a startup that automates accounting tasks;; has raised $12.7 million in three rounds of funding. The startup shared its Series A pitch deck;; which generated $11.2 million from investors last year;; with Business Insider. Visit Business Insider's homepage for more stories. Professional services in the US is a massive;; $2 trillion industry that is dominated by the Big 3 management consultancies — McKinsey;; Bain;; and BCG — and Big 4 accounting firms — Deloitte;; KPMG;; PwC;; and EY. But technology poses a threat to big firms;; and innovative startups are seizing opportunities to earn a slice of the consulting industry pie. One such startup;; Vic.ai;; earned $11.2 million in its Series A funding round in 2019. Read more: Tech is coming to eat the $200 billion management-consulting industry's lunch. Here's a look at 4 factors disrupting how elite firms like BCG and McKinsey do business. Vic.ai uses machine learning to automate accounting tasks like automatically approving bills and making electronic payments. Its AI software can also read different documents and suggest what a user should do with them and predict how to post a bill to clients' general ledgers. 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