Veryfi Receipts OCR & Expenses

Veryfi Receipts OCR & Expenses

4.8 (164)
Write a Review!
Expense, receipt capture, and project management tool

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.


Key benefits of Veryfi Receipts OCR & Expenses

  • Veryfi is both HIPAA: Health Insurance Portability and Accountability Act and The General Data Protection Regulation (GDPR) compliant.

  • The iOS and Android expense apps allow users to capture photographs of receipts and automatically extracts data and logs it within the system.

  • Business-related travel can be logged with the Veryfi Logbook Mileage Tracker app which automatically tracked and records mileage while the app is running in the background of any mobile device.

  • Veryfi integrates with many third party apps including Sage One, Rippling, Dropbox, Office 365,Slack, Box, QuickBooks, Saasu, and more, to provide a synchronized experience.

  • Categorization habits are recognized and recorded through machine learning so that categorization can be automated to maximize tax deductions and avoid tax audits.

  • Images

    Veryfi Receipts OCR & Expenses Software - Field worker scanning a receipt from hardware shop which extracts data in 3 seconds flat!
    Veryfi Receipts OCR & Expenses Software - Veryfi Mobile app to manage Expenses, Receipts & Projects available on iPhone & Android.
    Veryfi Receipts OCR & Expenses Software - Logbook Mileage Tracker by Veryfi used in the field by Uber driver.
    Veryfi Receipts OCR & Expenses Software - Timesheets & Employee Scheduling app by Veryfi. App includes floor detection, geofencing & employee beacons.
    Veryfi Receipts OCR & Expenses Software - 5
    Veryfi Receipts OCR & Expenses Software - HUB by Veryfi is a web interface to provide 30K feet visibility on user data.
    Veryfi Receipts OCR & Expenses Software - HUB by Veryfi showing the scanned receipt vs data extracted. In total 73 data points are extracted inc. OCR line by line detail.
    Veryfi Receipts OCR & Expenses Software - Accounting Practice Management by Veryfi for CFOs, CPAs & Bookkeepers. Accountants can earn revenue share by bringing on board clients to the Veryfi platform.
    View 14 more
    Veryfi Receipts OCR & Expenses video
    Veryfi Receipts OCR & Expenses video
    Veryfi Receipts OCR & Expenses video
    Veryfi Receipts OCR & Expenses video
    Veryfi Receipts OCR & Expenses video
    Veryfi Receipts OCR & Expenses video
    Veryfi Receipts OCR & Expenses Software - Field worker scanning a receipt from hardware shop which extracts data in 3 seconds flat!
    Veryfi Receipts OCR & Expenses Software - Veryfi Mobile app to manage Expenses, Receipts & Projects available on iPhone & Android.
    Veryfi Receipts OCR & Expenses Software - Logbook Mileage Tracker by Veryfi used in the field by Uber driver.
    Veryfi Receipts OCR & Expenses Software - Timesheets & Employee Scheduling app by Veryfi. App includes floor detection, geofencing & employee beacons.
    Veryfi Receipts OCR & Expenses Software - 5
    Veryfi Receipts OCR & Expenses Software - HUB by Veryfi is a web interface to provide 30K feet visibility on user data.
    Veryfi Receipts OCR & Expenses Software - HUB by Veryfi showing the scanned receipt vs data extracted. In total 73 data points are extracted inc. OCR line by line detail.
    Veryfi Receipts OCR & Expenses Software - Accounting Practice Management by Veryfi for CFOs, CPAs & Bookkeepers. Accountants can earn revenue share by bringing on board clients to the Veryfi platform.

    Not sure about Veryfi Receipts OCR & Expenses? Compare with a popular alternative

    Veryfi Receipts OCR & Expenses

    4.8 (164)
    VS.
    Highly reviewed

    Starting Price

    US$500.00
    month
    US$14.00
    month

    Pricing Options

    Free version
    Free trial
    Free version
    Free trial

    Features

    42
    159

    Integrations

    13
    39

    Ease of Use

    4.8 (164)
    4.4 (2,174)

    Value for Money

    4.6 (164)
    4.5 (2,174)

    Customer Service

    4.8 (164)
    4.3 (2,174)
    Green rating bars show the winning product based on the average rating and number of reviews.

    Alternatives

    Zoho Desk

    4.5
    #1 Alternative to Veryfi Receipts OCR & Expenses
    Zoho Desk, Zoho's flagship web-based customer service software, helps businesses of all sizes and types deliver...

    ExpensePoint

    4.9
    #2 Alternative to Veryfi Receipts OCR & Expenses
    Awarded Best in Value and Best in User Experience, ExpensePoint provides automated employee expense report software to...

    QuickBooks Online

    4.3
    #3 Alternative to Veryfi Receipts OCR & Expenses
    Use QuickBooks Online to track expenses by capturing photos of receipts on your mobile device and attaching them to...

    Fyle

    4.5
    #4 Alternative to Veryfi Receipts OCR & Expenses
    Fyle's credit card spend management solution enables finance teams to automate tasks like real-time card reconciliation...

    Reviews

    Overall rating

    4.8 /5
    (164)
    Value for Money
    4.6/5
    Features
    4.8/5
    Ease of Use
    4.8/5
    Customer Support
    4.8/5

    Already have Veryfi Receipts OCR & Expenses?

    Software buyers need your help! Product reviews help the rest of us make great decisions.

    Showing 5 reviews of 164
    Anthony
    Anthony
    Overall rating
    • Industry: Computer Software
    • Company size: 2–10 Employees
    • Used Daily for 1+ year
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    Excellent Receipt / Expense Report OCR app!

    Reviewed on 2021/12/09

    We are able to better budget our monthly accounts.

    We are able to better budget our monthly accounts.

    Pros

    The OCR, AI, ability to connect outside applications (ex: Quickbooks), add bank feeds,

    Cons

    The tags and categories a bit confusing.

    Response from Veryfi

    Thanks for your review! We appreciate your feedback, and are happy to see that our software is helping you manage your budget. Accurate data extraction for line item details is one of the hardest things to accomplish with AI-Driven OCR, it's great to hear that you're getting accurate results with our app.
    Cheers,
    The Veryfi Team

    Wayne
    Wayne
    Overall rating
    • Industry: Construction
    • 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

    Simply the best product out there for tracking receipts and expenses

    Reviewed on 2018/08/06

    Software is excellent, I cannot understate how much real time processing and accuracy is of a huge...

    Software is excellent, I cannot understate how much real time processing and accuracy is of a huge benefit to small business.

    This is a great product, AMAZING back end and I am sure it will get only better with time!!!!

    Pros

    First and foremost, the real time (almost) processing of data. Unlike other services (and I have used/tried most every one), the machine learning excels at a VERY quick turn around.

    Second, the accuracy of the product is OUTSTANDING!

    Third, Integration to other platforms, though VERY, VERY GOOD shows errors at times. Likely I caused these errors, but could be a little better.

    Lastly, the customer service has been great

    Cons

    As a newcomer to the market, I believe it needs a little more options, especially with reports. I realize that each of us users have different needs, thus it would be nice to have some better filters, etc when sifting through the data.

    I am coming from a competing product, and though I asked for an import, it is still a work in progress. CAVEAT here, I am importing data going back to 2014 as I want all my data stored in one place - at this is the BEST place for it!

    Jake
    Overall rating
    • 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 Veryfi

    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)

    Charlie
    Charlie
    Overall rating
    • Used Daily for 1-5 months
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support

    Such a great solution to your reduce your pile of receipts!

    Reviewed on 2018/05/12

    Pros

    The best thing is the on-boarding one on one demo available, and the responsiveness of the support folk. I was tearing my hair out entering all my receipts each Quarter the manual way. Veryfi allowed me to get through what was several nights worth of work, in just under an hour. It is all cloud, but does save a copy of all receipts back to your DropBox. Lots of interaction between Xero, Dropbox, and other apps to link everything together. A couple of small clicks to use, one giant leap closer to going paper-less!

    The iPhone app (they also have android, I believe) makes it really easy to capture my receipts as soon as I receive them. I take a couple of extra moments at the counter/checkout and capture the receipt with my phone. Saves losing receipts and running around looking for receipts, in my car, glovebox and various places around the house at the end of each month.

    Cons

    There were few UI glitches and weird workflow choices, but the team have been very responsive and fixed up most of them within a few days of me bringing them to their attention.

    Mohamed
    Mohamed
    Overall rating
    • Industry: Accounting
    • 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

    wonderful

    Reviewed on 2023/02/11

    i am happy with the results i get from the software

    i am happy with the results i get from the software

    Pros

    it is easy to use and give me the required info

    Cons

    i would like it to be less expensive it will encourage me to use it more

    Response from Veryfi

    Thanks for your review! We appreciate your feedback, and are happy to see that our software is easy for you and your team to use. It looks like you may have tried our OCR API Platform free trial, you can continue to use that account after the first 14 days for free, for 50 documents a month. Alternatively, you can use our expense management app as an accounting practice with multiple team members, which is $15/mo/user.
    Cheers,
    The Veryfi Team

    Showing 5 reviews of 164 Read all reviews

    Veryfi Receipts OCR & Expenses FAQs

    Below are some frequently asked questions for Veryfi Receipts OCR & Expenses.

    Veryfi Receipts OCR & Expenses offers the following pricing plans:

    • Starting from: US$500.00/month
    • Pricing model: Free Version, 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/

    Veryfi Receipts OCR & Expenses has the following typical customers:

    Self Employed, 2–10, 11–50, 51–200, 201–500, 501–1,000, 1,001–5,000

    Veryfi Receipts OCR & Expenses supports the following languages:

    English, Spanish

    Veryfi Receipts OCR & Expenses supports the following devices:

    Android (Mobile), iPhone (Mobile), iPad (Mobile)

    Veryfi Receipts OCR & Expenses integrates with the following applications:

    Box, Dropbox Business, Evernote Teams, Google Drive, Microsoft 365, OneDrive, QuickBooks Online, QuickBooks Online Advanced, Rippling, Saasu, Sage Accounting, Slack, Xero

    Veryfi Receipts OCR & Expenses offers the following support options:

    Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, 24/7 (Live rep), Chat

    Related categories

    See all software categories found for Veryfi Receipts OCR & Expenses.