Veryfi Receipts OCR & Expenses

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.

  • Devices

    Business size

    S M L

    Markets

    United States, Canada, United Kingdom, Australia

    Supported Languages

    English, Spanish

    Images

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

    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

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    Reviews

    Overall rating

    4,9 /5
    (125)
    Value for Money
    4,7/5
    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.

    Write a Review!
    Showing 5 reviews of 125
    David B.
    Overall rating
    • 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.

    Jamie S.
    Overall rating
    • 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)

    Jake D.
    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 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)

    Coy D.
    Overall rating
    • 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.

    Matthew S.
    Overall rating
    • 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)

    Showing 5 reviews of 125 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$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/

    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

    Veryfi Receipts OCR & Expenses has the following typical customers:

    Small Business, Non Profit, Freelancers, Mid Size Business

    Veryfi Receipts OCR & Expenses supports the following languages:

    English, Spanish

    Veryfi Receipts OCR & Expenses supports the following devices:

    Android, iPhone, iPad

    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

    Veryfi Receipts OCR & Expenses offers the following support options:

    Phone Support, Online Support, FAQs, Knowledge Base, Video Tutorials

    Related categories

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