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.

Pricing starting from:

US$15,00/month

  • Free Version
  • Free Trial
  • Subscription

Top 5 alternatives to Veryfi Receipts OCR & Expenses

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

    Argentina, Australia, Brazil, Canada, Chile, Colombia, United Kingdom, Peru, United States

    Supported Languages

    English, Spanish

    Pricing starting from:

    US$15,00/month

    • Free Version
    • Free Trial
    • Subscription

    Top 5 alternatives to Veryfi Receipts OCR & Expenses

    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.
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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 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.

    Features

    Total features of Veryfi Receipts OCR & Expenses: 43

    • API
    • Accounting
    • Accounts Payable
    • Accounts Receivable
    • Activity Tracking
    • Approval Process Control
    • Audit Management
    • Audit Trail
    • Bank Reconciliation
    • Billing & Invoicing
    • Budgeting/Forecasting
    • Cash Management
    • Categorisation/Grouping
    • Collections Management
    • Core Accounting
    • Cost Estimating
    • Currency Conversion
    • Document Storage
    • Expense Claims
    • Expense Tracking
    • Financial Reporting
    • Fixed Asset Management
    • For Government
    • General Ledger
    • Mobile App
    • Mobile Receipt Upload
    • Multi-Currency
    • Progress Reports
    • Project Accounting
    • Project Billing
    • Projections
    • Real Time Data
    • Receipt Management
    • Reimbursement Management
    • Revenue Recognition
    • Sales Tax Management
    • Spend Control
    • Spend Management
    • Summary Reports
    • Tax Management
    • Third Party Integrations
    • Time & Expense Tracking
    • Workflow Management

    Alternatives

    Quickbooks Online

    4,3
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    Expensify

    4,4
    #2 Alternative to Veryfi Receipts OCR & Expenses
    Easily track your receipts and manage expenses on the go with Expensify. Just take a photo of your receipt and...

    Bill.com

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    OfficeTools

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    Reviews

    Overall rating

    4,9 /5
    (141)
    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 141
    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)

    Linda L.
    Overall rating
    • Industry: Real Estate
    • Company size: Self Employed
    • Used Monthly for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 9.0 /10

    Good product, responsive customer service

    Reviewed on 2021/12/03

    Easy to take photos and load receipts. I liked being able to categorize with the names that I...

    Easy to take photos and load receipts. I liked being able to categorize with the names that I preferred to use for my expenses. I could add "tags" too which was helpful if I wanted to track a particular client for example and determine how much I spent on that person, or that property, for example. *Please note that while I selected my use as "monthly" I was using it monthly and then didn't use it for about a year, and I'm wanting to get back to it (I've been paying for it and QB this whole time and not ieither one, fully).

    Pros

    I used this software for a couple of years, and the only issues I had were logging income so that an accurate P&L could be created. The developers worked with me and my CPA to correct the issues we were having and I really appreciated their responses to our concerns. Overall, my CPA recommended that I switch to QuickBooks. I did, but it's been not easy to use, has poor customer service and is overpriced and too "busy/cluttered" for what I need which is simplicity because my business is simple. I wish I had kept up with Veryfi's expense tracker, because changing programs is not easy to do even in a simple business. I would recommend Veryfi for sure! I think they even resolved the issues I had in the past.

    Cons

    Back when I was using it regularly, the income option was reversing numbers and not accurately representing P&L reports. I think the developers corrected this since then.

    Alternatives Considered

    Quickbooks Online

    Reasons for Choosing Veryfi Receipts OCR & Expenses

    I started with Veryfi, switched to QB, then I'm wanting to transition back. As I said above, QB support is nearly absent or not relevant to my business and I only needed a little bit of help getting things set up but they help was simply not there and the program while it had it's benefits, was not all that great.

    Switched From

    Quickbooks Online

    Reasons for Switching to Veryfi Receipts OCR & Expenses

    Simplified program.
    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)

    Anthony D.
    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.

    Daniel R.
    Overall rating
    • Industry: Hospitality
    • Company size: Self Employed
    • Used Daily for 2+ years
    • Review Source

    Overall rating

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

    The app I use every day. Highly recommend!

    Reviewed on 2021/08/17

    I used to have to spend an hour each month matching a shoebox filled with receipts to my credit...

    I used to have to spend an hour each month matching a shoebox filled with receipts to my credit card bills. Now I don't even have to keep the paper receipts. I simply scan them with Veryfi, and in seconds, i have a digital copy with all the important info already populated into categories (payment type, expense category, merchant, date, etc). Then at the end of the month, their intuitive web based platform matches all my expenses to any bank feeds I have linked. What used to take me an hour now takes minutes!

    Pros

    Veryfi is very easy to use and has some great features. I love how easy it is to scan paper store receipts, or email web based receipts. It uses the latests security protocols (Yodlee handles all the bank/credit card integrations, they use 2FA to log in) and has saved me a ton of time managing my expenses.

    Cons

    In cases where a receipt has multiple expenses which are considered separate purchases (Amazon does this a lot), the software requires multiple steps to separate them. When I'm matching credit card charges from linked accounts to my Veryfi receipts, I have to leave the bank feed section, go into the documents section, and clone the receipt to separate the charges, then go back to the bank feed section to match the receipts. I hope they can design a shortcut within the bank feed to accomplish this, to cut down on steps.

    Alternatives Considered

    Expensify

    Reasons for Choosing Veryfi Receipts OCR & Expenses

    Both of these platforms eventually phased out and Veryfi actually offered an import feature so that I wouldn't lose my receipt data from my previous app. That combined with its features made it a no-brainer.

    Reasons for Switching to Veryfi Receipts OCR & Expenses

    Price and the ability to import receipts from my previous app.

    Response from Veryfi

    Daniel, Thank you for your nice feedback and support.

    I'd love to help you out with the Amazon receipts. Please email [email protected] and let's explore what we can improve on our end to make this work.

    Best,
    Ernest (cofounder)

    Showing 5 reviews of 141 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 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+

    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 Advanced, Quickbooks Online, Rippling, Saasu, Sage Business Cloud 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

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