Veryfi Receipts OCR & Expenses
Veryfi Receipts OCR & Expenses
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
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Reviews
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- Industry: Computer Software
- Company size: 2–10 Employees
- Used Daily for 1+ year
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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
- Industry: Construction
- Company size: 2–10 Employees
- Used Daily for 1-5 months
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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!
- Industry: Accounting
- Company size: 2–10 Employees
- Used Weekly for 1-5 months
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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)
- Used Daily for 1-5 months
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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.
- Industry: Accounting
- Company size: 2–10 Employees
- Used Daily for Free Trial
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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
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$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/
Q. Who are the typical users of Veryfi Receipts OCR & Expenses?
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
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 (Mobile), iPhone (Mobile), iPad (Mobile)
Q. What other apps does Veryfi Receipts OCR & Expenses integrate with?
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
Q. What level of support does Veryfi Receipts OCR & Expenses offer?
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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