Veryfi

A fully integrated suite of data transformation products for you to securely capture, extract, categorize and transform bills, receipts and invoices into structured data for use in your app, website or backoffice.
8.5/10 (Expert Score)
Product is rated as #3 in category Accounting Software

What is Veryfi?

Pros and Cons Values

Veryfi empowers organizations to transform their unstructured data in the form of receipts, invoices, purchase orders, checks, W2s and other business documents into structured data at scale.

Veryfi’s suite of data transformation APIs can be leveraged for many use cases in financial services to deliver valuable business intelligence in seconds. Trusted by enterprises and technology companies alike, Veryfi’s AI-based platform is being leveraged by companies worldwide.

Positive
  • Cloud, SaaS, Web-Based
  • Free Trial
  • Free Version
  • Live Rep Chat
  • Mobile Version
Negatives
  • No Desktop Version
  • No On-Premise Version

Veryfi is an expense report solution to help businesses streamline processes related to receipt collection, bank reconciliation, job costing, document management, and more.

It is a fully integrated suite of data transformation products to securely capture, extract, categorize and transform bills, receipts and invoices into structured data for use in your app, website, or backoffice.

Video and Images

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Best for

Check who Veryfi is best for

Great decision for construction companies inc specialty trade and heavy civil engineering with a workforce (needs mobile solutions); for Healthcare (who require HIPAA compliant solutions); and for SMBs with Teams.

Features

Veryfi Features

Veryfi is a Leader in Data Extraction & Automation of Receipts, Bills & Invoices. The software sees semantics and structural layout and extracts value by taking unstructured documents and turning them into rich structured data, often enriched with contextual mobile data. This unrivaled precision and speed delights customers, builds trust, and makes this solution a market leader.

  • Activity Tracking
  • Bank Reconciliation
  • Cash Management
  • Multi-Currency
  • Receipt Management
  • Revenue Recognition
  • Spend Management
  • Tax Management
  • Time & Expense Tracking
  • Workflow Management

It provides mobile applications for Android and iOS devices, enabling professionals to capture receipts and extract relevant data using optical character recognition (OCR), artificial intelligence (AI) and machine learning (ML) technologies. Veryfi allows property investors to track the expenses and income of customers or projects and store documents in a centralized repository. Managers can schedule employees and handle clients’ reconciliation, bank feed and other details on a unified platform. 

Security

Is Veryfi HIPAA COMPLIANT?

Veryfi is fully HIPAA, GDPR, and CCPA compliant. It is also SOC2 TYPE2 certified.

Veryfi Shield protects your Personally identifiable information (PII) by not exposing your data to any Human-in-the-loop (HITL) or offshore extraction teams.

Such practices are unfortunately all too common with other providers where unstructured documents are converted to data. It’s a hard problem to solve. The company has solved this using machines end-to-end with accuracy and speeds that surpass human intervention.

Demand the best. Data privacy is a right.

Pricing

Veryfi Pricing

Veryfi’s subscription pricing is transparent. You can start using Veryfi in 30 seconds – no cc required.

1. Veryfi Subscription is Value-Based, Not Transactional. Veryfi sells Product access not Plan access. This means you get all the great features in each product.

2. You Trial Veryfi for 14 days without handing over your wallet. Before the trial ends you have an option to subscribe for what Product/s you want to continue using. Easy and transparent.

STARTER

Ideal for low volume (up to 25,000 API calls / mo)
UPON REQUEST LEARN MORE

GROWTH

Ideal for high volume (unlimited transactions/mo)
UPON REQUEST LEARN MORE

Add your rating

User’s ad Editor’s scores

8.5 Total Score
A light in my darkness

Every business needs a tool like Veryfi. When you have tons of data stored – the first thing you need to do is to have it managed properly. If my opinion matters – this is an accounting software you MUST have.

8.5Expert Score
Design
9
Price
7
Quality
9
Innovation
10
Usability
9
8.4User's score
Design
8
Price
8
Quality
8
Innovation
9
Usability
9
PROS
  • The OCR feature for capturing and organizing receipts is incredibly accurate. I love that it saves me so much time over manually entering all my expenses!
CONS
  • At $15 per month, it was almost more than I was willing to pay as a small business owner. However, I think it makes up for the price in the amount of time it saves me.
Add your review  |  Read reviews and comments

1 Comment
  1. Every business needs a tool like Veryfi. When you have tons of data stored – the first thing you need to do is to have it managed properly.
    If my opinion matters – this is an accounting software you MUST have.

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