Modern-day power systems are highly stressed and operate close to the stability limit. The bus voltage variation in power systems generally infringes on the researcher's mind about voltage stability. The main focus of this manuscript is the voltage stability problem and voltage security assessment rather than the angle stability problem. Voltage security can be determined by running a full-load AC load flow with contingency analysis. In real-time analysis, running thousands of contingencies in online mode is quite a cumbersome task, so here in this manuscript, we have proposed a functional link-based ANN for voltage security assessment and then predicted the weakest voltage control area by the entropy concept along with the placement of FACTS devices according to the voltage control area weakness factor and contingencies ranking. The novel technique is then tested with IEEE-14 Bus and IEEE-30 Bus systems with voltage stability performance indicators.