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Veryfi Review

Veryfi
Our score: 8.7 User satisfaction: 98%

What is Veryfi?

Veryfi is a set of powerful APIs and tools that allow unstructured documents to be transformed into easily usable structured data within a few seconds. It securely captures, extracts, categorizes, and rebuild invoices, receipts (SKUs), bills, and W2s into standardized JSON with Level 3 data using optical character recognition (OCR) APIs and Mobile SDKs. Data is also visualized in an easy-to-read format.

Mobile SDKs are used to capture data from documents and RESTful APIs allow data extraction, data processing, and more. This is great for developers and businesses interested in creating their own applications for billing, expense management, business automation, bookkeeping automation, loyalty programs, and more. Furthermore, Veryfi is powered by an AI that is pre-trained to quickly extract a variety of fields from documents such as bills, invoices, and receipts using machines End to End.

No complex setups as well; you are quickly provided with API keys, documents, and other resources after signing up for the Veryfi API self-serve portal with just your email address.

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Overview of Veryfi Benefits

Automated Data Extraction

Veryfi has an AI-driven automatic data extraction feature that lets you abstract and collect document information by converting your images, PDF files, email, or handwritten documents into machine-encoded text using optical character recognition. The pre-trained machine model provides your document meaning and context, resulting in the formation of structured data equipped with standardized keys that can be used in any language and document. Veryfi also checks for duplicates, adds vendor information, and runs post-processing rules that you may control through the API interface.

Mobile Data Capture

Veryfi Lens, the system’s mobile app partner, is a powerful tool that handles the intricacy of pre-processing documents on a mobile device to substantially increase the quality and consistency of every data extraction.  It’s ready to be used to capture documents such as receipts, cards, invoices, long grocery receipts, etc right out of the box.  It can also be integrated with other mobile apps via frameworks and SDKs, allowing them to capture and extract data as well.

Automation Apps

Veryfi delivers ready-made apps to automate numerous elements of your business in addition to its comprehensive APIs. It includes an all-in-one team-based expense management and receipts OCR solution, a timesheets software for tracking time across projects including project costing, and a portal for bookkeepers and accountants to manage their Veryfi clients. All of this works seamlessly on the web and in mobile apps.

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Overview of Veryfi Features

  • Receipt OCR API
  • Invoice OCR API
  • W-2 OCR API
  • Expense Management
  • Timesheets
  • Practice Management
  • AP Automation Toolkit
  • CPG Receipt Toolkit

Awards & Quality Certificates

An award given to products our B2B experts find especially valuable for companies

Veryfi Position In Our Categories

Knowing that companies have unique business-related requirements, it is wise that they avoid preferring an all-in-one, ”best” software product. At any rate, it is futile to stumble on such a software solution even among popular software solutions. The sensible step to do can be to list the varied main factors which necessitate examination including critical features, packages, technical skill competence of the users, company size, etc. After which, you must perform your product research exhaustively. Browse through some Veryfi evaluations and scrutinize each of the software solutions in your shortlist more closely. Such all-encompassing product research can make sure you steer clear of ill-fitting software products and choose the one that meets all the function your business requires.

Position of Veryfi in our main categories:

TOP 50

Veryfi is one of the top 50 Data Analytics Software products

TOP 50

Veryfi is one of the 50 Online Accounting Software products

Companies have different needs and requirements and no software platform can be perfect in such a scenario. It is futile to try to find an ideal out-of-the-box software product that fulfills all your business wants. The wise thing to do would be to modify the system for your specific requirements, employee skill levels, budget, and other elements. For these reasons, do not rush and pay for well-publicized trendy systems. Though these may be widely used, they may not be the perfect fit for your unique requirements. Do your groundwork, check out each short-listed system in detail, read a few Veryfi Expense Management Software reviews, contact the seller for clarifications, and finally settle for the application that presents what you require.

How Much Does Veryfi Cost?

Veryfi Pricing Plans:

Free Trial

Veryfi OCR API Free

0

Veryfi OCR API Starter

$500/month

Veryfi OCR API Enterprise

Contact vendor

Expense Management

$15/active user/month

Time Tracking

$6/active user/month

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What are Veryfi pricing details?

Veryfi Pricing Plans:

Free Trial

Veryfi OCR API Free

0

Veryfi OCR API Starter

$500/month

Veryfi OCR API Enterprise

Contact vendor

Expense Management

$15/active user/month

Time Tracking

$6/active user/month

Veryfi offers different products (OCR API, Time Tracking, and Expense Management) with the first one having different enterprise pricing tiers. A 14-day free trial is available for OCR API Starter.

Veryfi OCR API Free

  • Monthly Volume (Up to 50 documents processed)
  • Free Invoice
  • Free Receipt
  • Pre-Trained ML on 70+ Fields
  • Line-Item Extractions

Veryfi OCR API Starter – $500/month

  • $0.16 per Invoice
  • $0.08 per Receipt
  • W-2, W-9 & Biz Cards
  • Pre-Trained ML on 70+ Fields
  • Line-Item Extractions
  • Email, SLA Options Support

Veryfi OCR API Enterprise – By quote

  • Monthly Volume (Over 25,000 documents processed)
  • Volume Discounts on Invoice
  • Volume Discounts on Receipt
  • W-2, W-9 & Biz Cards
  • Pre-Trained ML on 70+ Fields
  • Line-Item Extractions
  • Slack, SLA Options, Quarterly Reviews Support

Expense Management – $15 per active user/month

  • OCR Receipts, Bills & Invoices down to Line-Items*
  • Manage projects & customers
  • Sync to QuickBooks or Xero
  • Reconcile bank feeds and retrieve statements
  • Flexible Reporting with Advanced customization

Time Tracking – $6 per active user/month

  • Easy to use Apps for field teams to track time
  • Employee work scheduling
  • Project-based clock in/out with geofencing
  • Run Payroll (with Gusto integration)
  • Flexible Job Costing Reporting with Advanced customization

User Satisfaction

Positive Social Media Mentions 137
Negative Social Media Mentions 3

We realize that when you choose to buy a Expense Management Software it’s crucial not only to learn how professionals rank it in their reviews, but also to find out whether the real clients and companies that use this software are genuinely satisfied with the product. That’s why we’ve devised our behavior-based Customer Satisfaction Algorithm™ that collects customer reviews, comments and Veryfi reviews across a broad array of social media sites. The information is then presented in an easy to digest way showing how many users had positive and negative experience with Veryfi. With that information at your disposal you should be prepared to make an informed business choice that you won’t regret.

Video

Technical details

Devices Supported

  • Android
  • iPhone/iPad
  • Web-based

Deployment

  • Cloud Hosted

Language Support

  • English
  • Chinese
  • German
  • Spanish
  • French
  • Russian
  • Italian
  • Dutch
  • Portugese
  • Swedish

Pricing Model

  • Free
  • Monthly payment
  • Quote-based

Customer Types

  • Small Business
  • Large Enterprises
  • Medium Business
  • Freelancers

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

What integrations are available for Veryfi?

Veryfi integrates with various third-party applications including the following:

  • QuickBooks
  • Xero
  • Slack
  • Gusto
  • Evernote
  • Saasu
  • Google Drive
  • Box
  • Dropbox
  • Sage One
  • Rippling
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Nestor Gilbert

By Nestor Gilbert

Nestor Gilbert is a senior B2B and SaaS analyst and a core contributor at FinancesOnline for over 5 years. With his experience in software development and extensive knowledge of SaaS management, he writes mostly about emerging B2B technologies and their impact on the current business landscape. However, he also provides in-depth reviews on a wide range of software solutions to help businesses find suitable options for them. Through his work, he aims to help companies develop a more tech-forward approach to their operations and overcome their SaaS-related challenges.

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