--- description: Review of Veryfi Software: system overview, features, price and cost information. Get free demos and compare to similar programs. image: https://gdm-localsites-assets-gfprod.imgix.net/images/software_advice/og_logo-55146305bbe7b450bea05c18e9be9c9a.png title: Veryfi | Reviews, Pricing & Demos - SoftwareAdvice AU --- Breadcrumb: [Home](/) > [Expense Report Software](/directory/427/expense-management/software) > [Veryfi](/software/242603/Veryfi) # Veryfi Canonical: https://www.softwareadvice.com.au/software/242603/Veryfi Page: 1 / 9\ Next: [Next page](https://www.softwareadvice.com.au/software/242603/Veryfi?page=2) > \# Veryfi: Transforming Documents into Data in Seconds Veryfi delivers an AI-powered platform that instantly converts documents into structured, actionable data. Through enterprise-grade accuracy and comprehensive automation, organizations can streamline their document processing while maintaining the highest security standards. \#\# Core Technology Veryfi's platform combines advanced AI, machine learning, and specialized OCR to process documents with exceptional precision. The system offers both immediate out-of-the-box functionality and customization options through direct access to Veryfi's ML team for model fine-tuning. \#\# Integrated Solutions Suite \#\#\# Document Capture Veryfi Lens technology eliminates data pollution across all entry points by providing seamless capture solutions through: \* Mobile applications that enable instant document scanning and processing \* Browser-based capture for desktop environments \* Specialized credit card scanning capabilities \* WhatsApp chatbot integration for convenient document submission \* Intelligent PDF splitting and management \#\#\# Specialized OCR APIs The platform processes diverse document types through targeted APIs, each optimized for specific formats: \* Financial Documents: Bank checks, statements, and invoices \* Business Documents: Business cards and hotel folios \* Tax Documents: W-2s and W-9s forms \* Retail Documents: Receipts with line-item detail \* General Documents: Powered by proprietary LLM technology \#\#\# Advanced Data Services Post-processing capabilities transform raw extracted data into valuable business insights through: \* A sophisticated Business Rules Engine that ensures data consistency \* Multi-layered Fraud Detection systems for enhanced security \* Comprehensive InSights analytics for business intelligence \* Precise Line-Item Product Matching for detailed transaction analysis \#\# Industry Applications \#\#\# Financial Technology Veryfi powers essential fintech services including: \* Automated expense management solutions \* Streamlined accounts payable processing \* Integrated bill payment systems \#\#\# Consumer Goods The platform enhances retail operations through: \* Sophisticated receipt validation systems \* Customizable loyalty program management \* Detailed product matching capabilities \#\# Security and Support Veryfi maintains the highest security standards through: \* SOC2 Type2 certification \* Compliance with GDPR, HIPAA, and CCPA regulations \* Silicon Valley-based technical support \* Direct access to ML experts for custom solutions This comprehensive platform enables organizations to automate document processing while maintaining accuracy, security, and scalability. Through continuous innovation and dedicated support, Veryfi ensures organizations can efficiently transform their document workflows while gaining valuable insights from their data. > > Verdict: Rated **4.8/5** by 191 users. Top-rated for **Likelihood to recommend**. ----- ## Quick Stats & Ratings | Metric | Rating | Detail | | **Overall** | **4.8/5** | 191 Reviews | | Ease of Use | 4.8/5 | Based on overall reviews | | Customer Support | 4.8/5 | Based on overall reviews | | Value for Money | 4.6/5 | Based on overall reviews | | Features | 4.8/5 | Based on overall reviews | | Recommendation percentage | 90% | (9/10 Likelihood to recommend) | ## About the vendor - **Company**: Veryfi - **Location**: San Mateo, US - **Founded**: 2016 ## Commercial Context - **Starting Price**: USD 0.00 - **Pricing model**: Usage Based (Free version available) (Free Trial) - **Pricing Details**: Transparent no-contract pricing, ready-to-go out of the box data extraction. \[Plan\] STARTER: Starter plan for companies to 25,000 transactions / month . Minimum: $500 includes 6,250 receipts and/or 3,125 invoices Then pay per Receipt: $0.08 Invoice: $0.16 \[Plan\] GROWTH: Growth plan is for companies doing more than 25,000 transactions / month Sliding Price Rates when you reach scale. - **Target Audience**: Self Employed, 2–10, 11–50, 51–200, 201–500, 501–1,000, 1,001–5,000, 5,001–10,000, 10,000+ - **Deployment & Platforms**: Cloud, SaaS, Web-based, Mac (Desktop), Windows (Desktop), Linux (Desktop), Android (Mobile), iPhone (Mobile), iPad (Mobile) - **Supported Languages**: Arabic, Basque, Brazilian Portuguese, Bulgarian, Catalan, Chinese, Croatian, Czech, Danish, Dutch, English, Estonian, European Portuguese, Finnish, French, Galician, German, Greek, Hebrew, Hindi, Hungarian, Icelandic, Indonesian, Irish, Italian, Japanese, Kazakh, Korean, Latvian, Lithuanian, Malay, Norwegian, Polish, Portuguese, Romanian, Russian, Serbian, Serbian, Slovak, Slovenian, Spanish, Swedish, Thai, Traditional Chinese, Turkish, Ukrainian, Vietnamese - **Available Countries**: Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium and 209 more ## Features - AI/Machine Learning - API - Access Controls/Permissions - Accounting - Accounts Payable - Accounts Receivable - Activity Tracking - Alerts/Notifications - Annotations - Approval Process Control - Audit Management - Audit Trail - Auto Extraction - Batch Processing - Billing & Invoicing - Configurable Workflow - Content Scan - Convert to PDF - Customisable Forms - Customizable Fields ## Integrations (15 total) - Acumatica Cloud ERP - Box - Dropbox Business - Dynamics 365 - Google Drive - Google Sheets - NetSuite - Odoo - QuickBooks Online - SAP Concur - Sage Intacct - Sage X3 - Salesforce Platform - Slack - Xero ## Support Options - Email/Help Desk - FAQs/Forum - Knowledge Base - Phone Support - 24/7 (Live rep) - Chat ## Category - [Expense Report Software](https://www.softwareadvice.com.au/directory/427/expense-management/software) ## Related Categories - [Expense Report Software](https://www.softwareadvice.com.au/directory/427/expense-management/software) - [Job Costing Software](https://www.softwareadvice.com.au/directory/4159/job-costing/software) - [Document Management Software](https://www.softwareadvice.com.au/directory/722/document-management/software) - [Bookkeeping Software](https://www.softwareadvice.com.au/directory/270/bookkeeping/software) - [Data Analysis Software](https://www.softwareadvice.com.au/directory/535/data-analysis/software) ## Alternatives 1. 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If I wanted to monitor a specific customer, for example and figure out how much money I spent on that individual, I could add "tags" to my spreadsheet. > > **Cons**: Income was inverting figures and not appropriately displaying P\&L reporting back when I used it frequently Since then, I believe this bug has been fixed. > > After using it for a couple of years, the only difficulty I had was accurately recording revenue to construct a P\&L. My CPA and I had a number of difficulties with the software, and the developers worked with us to fix them. In general, I was encouraged to make the transfer to QuickBooks by my CPA. ----- ### "The app I use every day. Highly recommend\!" — 5.0/5 > **Daniel** | *17 August 2021* | Hospitality | Recommendation rating: 10.0/10 > > **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. > > 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\! ----- ### "convenient OCR technology" — 3.0/5 > **Verified Reviewer** | *12 January 2025* | Information Technology & Services | Recommendation rating: 6.0/10 > > **Pros**: API ability to connect other applications like quickbooks, also it has very simple UI and accurate as well in OCR > > **Cons**: Their OCR technology can improve even more in the direction of data extraction which currently I'm seeing not that much upto the extent ----- ### "Good product, responsive customer service" — 5.0/5 > **Linda** | *3 December 2021* | Real Estate | Recommendation rating: 9.0/10 > > **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. > > 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). ----- ### "Just works" — 5.0/5 > **Rolf** | *17 September 2020* | Internet | Recommendation rating: 10.0/10 > > **Pros**: Simple, straight-forward API that is well-documented. It didn't take much effort to get started. Processing is instant - a far cry from other solutions that we used that involved humans, supposedly needed for accuracy. It turns out that's not the case: I found Veryfi's results more accurate and consistent. Very accurate in our experience. Another big pro for us is that processing is done by machines only, which means sensitive documents are not shared with anonymous contractors. Documents can be deleted via the API after processing, seconds after submitting. This means little to no concern about data security and privacy. Support has been stellar and snappy, although rarely needed. > > **Cons**: Pricing per document is reasonable and even competitive, even more so considering the pros mentioned earlier. The one improvement I currently wish for is an entry-level processing tier for lower volumes. That would make it more attractive for companies who don't have enough volume yet for the current entry-level tier. But I understand that's ultimately more a positioning decision or consideration for customer support loads than an actual product improvement. > > Overall our experience has been great. Getting instant results simplifies development a lot, since it's not needed to keep track of submitted items and fetching results later. The process from signup to development and using the product has been very streamlined. Support is awesome, too. ----- Page: 1 / 9\ Next: [Next page](https://www.softwareadvice.com.au/software/242603/Veryfi?page=2) ## Links - [View on SoftwareAdvice](https://www.softwareadvice.com.au/software/242603/Veryfi) ## This page is available in the following languages | Locale | URL | | en | | | en-AU | | | en-GB | | | en-IE | | | en-NZ | | ----- ## Structured Data