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Veryfi Receipts OCR & Expenses
4.8
Overall rating
Reviews
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About Veryfi Receipts OCR & Expenses
Veryfi is an expense report solution designed to help businesses streamline processes related to receipt collection, bank reconciliation, job costing, document management and more. It provides mobile applications for Android and iOS devices, enabling professionals to capture receipts and extract relevant data using optical character recognition (OCR), artificial intelligence (AI) and machine learning (ML) technologies.
Veryfi allows property investors to track the expenses and income of customers or projects and store documents in a centralized repository. Managers can schedule employees and handle clients' reconciliation, bank feed and other details on a unified platform. Additionally, accountants can secure personally identifiable information (PII) in compliance with the Health Insurance Portability and Accountability Act (HIPAA) and General Data Protection Regulation (GDPR) standards.
Veryfi is available on monthly or annual subscriptions and support is extended via live chat, email, video tutorials, documentation and FAQs.
Veryfi Receipts OCR & Expenses pricing
Veryfi Receipts OCR & Expenses has a free version and offers a free trial. Veryfi Receipts OCR & Expenses paid version starts at USD 500.00/month.
Starting Price:
USD 500.00/month
Free Version:
Yes
Free trial:
Yes
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Veryfi Receipts OCR & Expenses Reviews
Feature rating
5 reviews of 164
View all reviews
David
- Industry: Restaurants
- Company size: 51–200 Employees
- Used Daily for 1-5 months
-
Review Source
5
Reviewed on 28/02/2021
After a long search, I finally found this gem!
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.
Reasons for Choosing Veryfi Receipts OCR & Expenses
The CEO continuously send emails to all users that were full of content that was probably not best foR public consumption. He would whine a lot things, almost blame customers for the financial woes at the company, almost threaten customers if they failed to switch to the new Expensify card etc. Price increases are normal and we get that. But he once increased prices at the very lowest point economically did to COViD19 that make the company feel like a victim, never thinking how much the Pandamic may have affected the lives of customers. It ended up making them look like jerks for raising prices. Then the famous “of you disagree with me politically then you are the problem and are unpatriotic “Switched From
ExpensifyReasons for Switching to Veryfi Receipts OCR & Expenses
For many reasons previously mentioned. Veryfi is proceed $10 more per than similar products but I did not hesitate due to the enormous value. Value is price/precieved benefit. Veryfi’s price is among the highest per single user programs but it’s value is unmatched!Response from Veryfi
Love it! Thank you David for your lovely feedback.
btw, we have volume discounts if your employees want access as well :-)
Replied 02/06/2021
Lou Ann
- Industry: Accounting
- Company size: Self Employed
- Used Monthly for Free Trial
-
Review Source
4
Reviewed on 07/09/2023
A Virtual Assistants review
I like the product, but the if I can't get joy from the sales department, it makes me wonder about the support when I have a technical problem.
Pros
Veryfi is easy to use as a bookkeeping tool. Removes hours of manual capturing of documents, which in turn saves my clients who pay by the hour, money.
Cons
I found trying to speak to someone in sales a problem, the Technical person was quick to assist on Zoom, but he could not assist me with sales, the Live Chat doesn't work if and when you find it.
Reasons for Switching to Veryfi Receipts OCR & Expenses
The free trial and the pricing. I wanted to know what Veryfi offered me.Response from Veryfi
Thank you for your review. We are delighted you enjoy using this product! Please Contact Us for further assistance with sales. We are eager to help you get more value out of Veryfi.
Replied 08/04/2024
Ravi
- Industry: Hospital & Health Care
- Company size: 1,001–5,000 Employees
- Used Daily for 6-12 months
-
Review Source
1
Reviewed on 13/10/2023
Hopeless customer support
The system is excellent and if it were to work would be invaluable. Unfortunately it doesn't work, and I'm left hanging.
Pros
I love the software and systems, but receipt images are corrupted, meaning as an archival DB this is useless. The software cannot be relied on to keep your receipt images.
Cons
As above, customer services is hopeless. Software images corrupted and no one at veryfi seems to care much.
Response from Veryfi
Thank you for your review and feedback. The app is not meant to keep all images forever. Very sorry that you contacted us and no one replied. Please Contact Us via veryfi.com if you need any further assistance. We'll do better this time.
Replied 08/04/2024
Mark
- Industry: Real Estate
- Company size: Self Employed
- Used Monthly for 1-5 months
-
Review Source
4
Reviewed on 08/10/2024
Great OCR/AI capoabilities
Fantastic so far. The AI accuracy when extracting information is far superior to many others I have tried.
Pros
I have a small business and receipt entry is a PITA. I have tried several OCR apps and Veryfi was by far the fastest, most accurate, and thorough when extracting information.
Cons
It would be great if one could select multiple receipts/expenses and sum up the total to match a bank transaction when doing reconciliations.
Maddie
- Industry: Information Technology & Services
- Company size: 10,000+ Employees
- Used Daily for 2+ years
-
Review Source
4
Reviewed on 10/05/2022
Automated and simple-to-use, compatible with practically everything
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.
Pros
The quickest and most efficient approach to keep track of your receipts is to scan them as soon as you receive them. Excellent OCR and alignment correction are provided by Veryfi. Taking images and uploading receipts is simple. It was convenient to be able to utilize the spending category names that I desired. 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.
Response from Veryfi
Thanks for your review! We really appreciate your detailed feedback, and hearing that we were able to work with you to resolve issues with income and P&L reporting. It sounds like perhaps you moved on to QuickBooks, which is a fantastic tool as well. We're here for you if you need to return to using Veryfi!
Cheers,
The Veryfi Team
Replied 05/04/2023
