About Veryfi Receipts OCR & Expenses
Veryfi is a cloud-based platform for managing expenses, receipt collection, and more, automatically. The solution can be used across various industries including construction, property investment, speciality trades, and more, to automate data entry, manage projects, report on key metrics, and more.
Veryfi helps users to focus their time on other tasks by automating the repetitive parts of accounting including data entry, categorization, and reconciliation using emerging technologies such as OCR and machine learning engines.
Veryfi's OCR and Machine Learning engine can consume unstructured receipts, invoices, and purchases and turn them into a structure data format. Veryfi helps businesses to manage tax obligations in line with IRS standards, maximize tax deductions, and eliminate manual data entry.
Pricing starting from:
US$15,00/month
- Free Trial
- Free
- Subscription
Key benefits of Veryfi Receipts OCR & Expenses
Devices
Business size
Markets
Supported Languages
Pricing starting from:
US$15,00/month
- Free Trial
- Free
- Subscription
Images






Features
Total features of Veryfi Receipts OCR & Expenses: 27
- API
- Accounting Management
- Activity Tracking
- Audit Trail
- Auditing
- Automated Expense Input
- Bank Reconciliation
- Categorization
- Currency Conversion
- Data Extraction
- Document Storage
- Duplicate Detection
- Expense Claims
- Expense Tracking
- File Management
- GPS
- Geolocation
- HIPAA Compliance
- Location Tracking
- PCI DSS Compliance
- Projections
- Real Time Data
- SMS Integration
- Sales Tax Management
- Summary Reports
- Third Party Integration
- Transaction Monitoring
Alternatives
BigTime
MYOB Essentials
DATABASICS Time & Expense
Expense Once
Reviews
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Write a Review!- Industry: Restaurants
- Company size: 51-200 Employees
- Used Daily for 1-5 months
-
Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
After a long search, I finally found this gem!
Reviewed on 2021/02/28
Game Changer! I was with all popular Ex******* for several years when I received an email from fbe...
Game Changer! I was with all popular Ex******* for several years when I received an email from fbe CEO stating that anyone that did not agree with him politically was “unpatriotic” I am sure many reading this are aware of this. This disgusted me because I would not continue to do business with them after reading such an asinine statement. I was upset because other than Zoho and Concur I did think any company offered the same product with credit integration. Many that do often have a 5 user minimum which is not practical for most small businesses. For weeks I searched and demoed options. All we're either none-intuirive, offered poor support or too inferior to the app I was leaving. Somewhere I stumbled on Veryfi and after visiting the page, expected it was too good to be true. I was just waiting to read “5 user minimin” or see some red flag on it's limitations. Finding Veryfi was equal to stumbling upon a Gold ingot. Not only did it check every box I required, it truly proved that even big names line Expensify offer little time savings when it comes to reconciling recieots, expenses and creating reports. I can say this with certainty as someone that has had used the Concurs, Expensifies and Zohos of the world or many years. I thought I was happy and thought I was using the best until I tried Veryfi. I am not exaggerating when I say that it is on a different level on almost every single day.
Pros
I like the ability to integrate credit cards. Not only from the 4-5 largest banks but from hundreds of banks. This is not seen from competitors. For example, I have a Amazon Visa but also have an Amazon Store Credit card (no visa/mastercard). I also have a best buy store credit card (again only good at that business. I was floored to see that Veryfi integrated with these too!
Cons
So far, I am a couple of months last the 30 day free trial. Other than using the software have not taken the time to really customize it to my business and automate to.many tasks. No complaints this far and I hope that will stay the same.
- Industry: Internet
- Company size: 2-10 Employees
- Used Daily for 1-5 months
-
Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Smarter, not harder
Reviewed on 2020/01/09
[SENSITIVE CONTENT HIDDEN], answered questions/concerns, provided 1:1 training, amazing customer...
[SENSITIVE CONTENT HIDDEN], answered questions/concerns, provided 1:1 training, amazing customer support, and treated our 2 employees business like we are just as important as their big construction company clients.
Pros
Veryfi’s Intelligent OCR (Optical character recognition) made scanning over 2,000 handwritten/printed receipts simple, convenient, and accurate data extraction effortlessly.
Cons
When using the column filters or a specific date range the filter is not saved.
Response from Veryfi
Jamie, Thank you so much for the lovely feedback! I have shared it with the team and there were smiles all round. We are grateful for the lovely private note you left. Thank you again for the support!
Best,
Ernest (cofounder)
- Industry: Accounting
- Company size: 2-10 Employees
- Used Weekly for 1-5 months
-
Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 7.0 /10
Solid Optical Reading
Reviewed on 2016/11/11
I have not used IQBoxy for long, but I do have some clients using it to track their business...
I have not used IQBoxy for long, but I do have some clients using it to track their business expenses. They take photos of their receipts and IQBoxy converts them to digital information and syncs with Xero Accounting Software.
So far, the information the software gathers from the receipts has proven to be both accurate and reliable, which is more than can be said for some other software I've used. It is able to pull the vendor name, date, amount, etc. and accurately sync it with Xero. I also like the expense reports and reminders to get your receipts entered. The expense reports can be printed from your computer to submit to your accountant or bookkeeper.
The one area that I find challenging is the integration with Xero. Though it transfers information well, the workflow still requires more steps than entering a transaction. Essentially, it creates an unapproved Bill in Xero for your accountant to approve (create the bill), then record a payment (or you can use the Expense Reimbursement feature of Xero the same way). To set the account and approve the bill, then create a payment to actually hit your general ledger is more steps than just creating a spend or receive money transaction. For that reason, the integration might not be the right solution for everyone, but overall, the software is accurate and helpful for tracking business expenses and keeping your receipts organized.
Pros
Accuracy in reading receipts.
Cons
Integration steps (which may not really be unique to this software).
Response from iqBoxy
Jake, thank you for your great feedback and support.
We now have web app tool for accountants & bookkeepers to manage your clients from the 1 place. Check it out => https://www.veryfi.com/accounting-practice-management/
PS. IQBoxy has a new name! VERYFI ~ Read the announcement => https://www.veryfi.com/news/iqboxy-is-now-veryfi/
Best, Ernest (cofounder)
- Industry: Health, Wellness & Fitness
- Company size: 2-10 Employees
- Used Daily for Free Trial
-
Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
CEO/ President
Reviewed on 2020/11/14
We use the Expense management product. During our first three days, we scanned 300 receipts. We...
We use the Expense management product. During our first three days, we scanned 300 receipts. We contacted support and Veryfi raised our cap to 600. We readily used the additional allocation in less than three days.
Pros
Ease of use. Out of the box solution. Implementation is extremely simple. User friendly. Our CPA firm is overjoyed! They continue to evaluate Veryfi expense management and other product offerings.
Cons
The 300 receipt limitation is bothersome for new users, but I understand Veryfi rationale.

- Industry: Veterinary
- Company size: 2-10 Employees
- Used Daily for 6-12 months
-
Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Excellent Support
Reviewed on 2018/10/15
I can't say enough how responsive, friendly, and efficient their customer/technical support has...
I can't say enough how responsive, friendly, and efficient their customer/technical support has been.
Pros
Not only is the app fantastic, easy to organize and easy to use, but technical support and customer service is A+++! Any issues at all are handled promptly and professionally. It's premium features are also really reasonably priced!
Cons
The OCR and AI could use some work. I constantly am having to update the vendor due to missing or wrong information. I also had a bit of an issue importing documents from my previous solution. They all came in, but the information was lost unfortunately. It could have been done if Neat would allowed multiple CSV exports of my PDF Files, so it's not really Veryfi's fault. Neat secures you as a customer as if your documents are a prisoner. Veryfi helped free me from them!
Response from Veryfi
Matthew, thank you for your detailed review of Veryfi inc. your experience coming onboard from another provider. Love the feedback and ratings you left us. Thank you so much for the ongoing support :-)
PS. Check out our referral program https://hub.veryfi.com/referrals/
Best, Ernest (cofounder)
Veryfi Receipts OCR & Expenses FAQs
Below are some frequently asked questions for Veryfi Receipts OCR & Expenses.Q. What type of pricing plans does Veryfi Receipts OCR & Expenses offer?
Veryfi Receipts OCR & Expenses offers the following pricing plans:
- Starting from: US$15,00/month
- Pricing model: Free, Subscription
- Free Trial: Available
- Unlimited document scans - Unlimited reporting & insights - Vehicle logbook tracking - Sync to cloud accounting (eg. QBO, IIF) - Backups to cloud storage - Bank feeds & reconciliation - Bills fetch via veryfi.cc - Pain-free Data Migration - 30 day money back guarantee! and much more: https://www.veryfi.com/full-features/
Q. What are the main features of Veryfi Receipts OCR & Expenses?
Veryfi Receipts OCR & Expenses offers the following features:
- API
- Accounting management
- Activity logging
- Activity tracking
- Audit trail
- Automated expense input
- Bank reconciliation
- Currency conversion
- Data extraction
- Document storage
- Duplicate detection
- Expense claims
- Expense tracking
- File management
- GPS
- Geolocation
- HIPAA compliance
- Location tracking
- Mobile receipt capture
- PCI DSS compliance
- Real time data
- Receipt upload
- SMS integration
- Sales tax management
- Summary reports
- Third party integration
- Transaction monitoring
Q. Who are the typical users of Veryfi Receipts OCR & Expenses?
Veryfi Receipts OCR & Expenses has the following typical customers:
Small Business, Non Profit, Freelancers, Mid Size Business
Q. What languages does Veryfi Receipts OCR & Expenses support?
Veryfi Receipts OCR & Expenses supports the following languages:
English, Spanish
Q. Does Veryfi Receipts OCR & Expenses support mobile devices?
Veryfi Receipts OCR & Expenses supports the following devices:
Android, iPhone, iPad
Q. What other apps does Veryfi Receipts OCR & Expenses integrate with?
Veryfi Receipts OCR & Expenses integrates with the following applications:
Box, Dropbox Business, Evernote, Gusto, Microsoft 365, QuickBooks Online, QuickBooks Online Advanced, Saasu, Sage Business Cloud Accounting, Xero
Q. What level of support does Veryfi Receipts OCR & Expenses offer?
Veryfi Receipts OCR & Expenses offers the following support options:
Phone Support, Online Support, FAQs, Knowledge Base, Video Tutorials
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