Veryfi Receipts OCR & Expenses Reviews

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!

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.

Pros

Easy to take pictures of receipts, the software reads well the data on it. Organisation is good.

Cons

The cost is high for a small business like mine. I am using it for receipt that can be tax deductible as I am self employed. I wish there was a smaller fee for lower usage.

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.

Alternatives Considered

Zoho Desk and Shoeboxed

Reasons for Switching to Veryfi Receipts OCR & Expenses

Customer Support Simplicity of uploading receipts Accurate data extraction - including handwritten receipts Price/Cost

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.

Alternatives Considered

Xero

Reasons for Switching to Veryfi Receipts OCR & Expenses

Al and Machine learning. Fast, reasonably exact.

Pros

Cost, ability to hold backup files in Dropbox or Google Drive. Instant review and verification,

Cons

Not much. Yes I have to verify each transaction, and sometimes correct, but then I know that the information is there ready to use and accurate—no waiting a few weeks and hopping it was done correctly. It's a con which turns into a pro!
On some surfaces the auto detect doesn't work correctly or randomly. especially at Coles self serve checkouts. I tend to have auto detect off and then sometimes crop the image to reduce file size.

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.

Pros

The OCR, AI, ability to connect outside applications (ex: Quickbooks), add bank feeds,

Cons

The tags and categories a bit confusing.

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

Pros

I love how easy it is to use and how well it picks expenses up from the receipts you provide.

Cons

I wish theres was an easier way to track miles from the app itself.

Pros

The software is highly intuitive and easy to learn. The process of uploading receipts, editing previous entries, or changing a vendor name, follows a familiar flow nearly all smartphone users will feel accustomed to.

What I enjoyed the most about Veryfi are the certain features I never had on my list of requirements (or thought to be important) in an expense manager but turns out to be extremely helpful. For example, extracting the vendor address from a receipt is something I thought of as a "nice to have" but not a requirement.

Now this feature is something I can't live without as it helps automate my purchases based on the proximity to my business. This is helpful for large chains and big box stores with many locations, I can now split out personal and business expenses far more easily.

This is what distinguishes good software from great software. Good software completes a task in a way you wanted it to; great software completes the job in a better way than what you had in mind, and that's what Veryfi does with receipts.

Cons

Not sure if this is Veryfi's issue, however the integration with QuickBooks online can be improved. I never get the confidence of whether a receipt has been uploaded and matched on QB, aside from the green QB logo being red. If there was a better way to bulk manage expenses and how it's uploaded into QB, and what it's QB status is (ie. matched, no match, amounts not matching, etc) that would be helpful.

Pros

I use to dread the hours spent with a huge pile of receipts trying to enter them into software and then fixing all the mistakes that the OCR made this software helps me to do all my accounting from my cellphone as I go and at the end of the month I just generate a report so simple and easy and far more accurate than anything I have ever used plus the security I didn’t want my accounting and receipts left unsecured and they have the best security.

Cons

Some of the merchant names make multiple names for the same merchant you can fix it by hand but is time consuming.

Alternatives Considered

Quickbooks Online

Pros

This app does everything I need that many apps can’t do. Receipt capture, data collection of price, time and business name, automatically changes the file name to what you need it to say (date/business name/price) and automatically uploads it to Google drive organized and easy during tax season to match my statements with the proof of receipt.

Cons

Wish they had discounted prices for loyal customers. I’ve been using this app for over 2+ years and have helped with bugs since I was an initial user

Pros

Prior to trying Veryfi, I was scanning and attaching all paper receipts to Quickbooks Online after team members piled them on my desk after a week of being on the road. Now team members can quickly snap a photo of the receipt, choose the expense category and customer and within 10 seconds it has arrived in my Quickbooks Online. I was worried that Quickbooks would duplicate the entries, but it doesn't. Quickbooks recognizes the entries and matches them up from the bank feeds seamlessly. We tried Expensify last year and it just wasn't quite what we needed and team members thought it was too complicated. Veryfi is simple. From my desktop or the mobile app, I can create jobs and customers, edit expense categories, send text messages to team members (WHAT?? Yassss!) Track mileage. I'm still discovering many of the features that are available. Time tracking - We currently use T-Sheets, so not sure if we will switch or not. Maybe. So far I'm really loving it!

Cons

The price is going to be our only negative so far. Would like the whole team to be able to use it, but not sure if it would be cost effective.

Pros

The receipt capture is by far the most compelling feature this app offers. Not having to wait 24 hours to have my receipts captured (ReceiptHog lol) is a huge deal. It's instant with this app.

Another huge plus is that my receipts aren't being sent to some offshore sweatshop exposing my data to god knows who? (Expensify which I used previously) These guys are using AI, which is cool, machines aren't going to sell my data or do anything nefarious.

The other pro for us is that it integrates with our existing accounting software, it was an easy sell to us.

Cons

The app looks a little ugly ? Maybe that's just the nature of boring accounting software but it's a minor quibble.

Pros

There's so much about it I love it's hard to say. I love that they worked hard to get it fully certified across the board. I love the budget section. I love how you can backup all your information for free without having to pay a monthly fee. I love to user interface.

Cons

Honestly I can't think of anything I don't like. I do hope that they continue building on what they already have but to be honest I can't even imagine what they would do.

Pros

The ease of use and the support which is more than I would have expected. I took the advantage of the 1/1 support to go through how to use the app, and that made everything crystal clear. Other than that, any time that you have a question, you just type it in and you immediately get a response.
All receipts are very easily captured by your phone, and hey presto! is immediately added to the app unlike other apps that take a lot longer.

Cons

There is nothing I dislike about this software. If there is anything I found it a bit harder to find than all the other apps that are similar. I wish Verifi would come up first. I can also use it on my phone, my iPad and computer and it syncs seamlessly with all. Veryfi need to be on top of the list of apps. It also works with all the other apps as well.

Pros

I love the receipt tracking feature so much. It has saved me so many days of tax preparation. My favorite is the ability to tag everything as a schedul C expense and have all the receipts total with the click of a button.

Cons

I wish the interface was slightly more user-friendly. It has improved - I’ve been using it since it was OneReceipt.

Pros

I hate organising minor expenses but it so necessary for my accounts, vat return and tax return. Verify has made this so much easier and quicker. All organised, take a photo on my phone, check and adjust if necessary before uploading and then double check just before I run my reports. All done.

you can have three accounts for one paid subscriptions so organise different businesses

Cons

Four accounts for one paid subscription would suit me more but I can manage and overall find this good value for money.

Pros

- I like how I can organize my receipts project based as we work heavily project based on accounting and finances.
- I like how easy the integration between Veryfi and Quickbooks Online, which is our primary accounting software.
- I like how quick it is to scan a receipt. I've tried demos of many other apps and Veryfi is by far the fastest and most accurate option when scanning receipts as the machines work for you, not people as in competitors.
- I think it has a very fair pricing.

Cons

- Tax syncing is not always accurate from the receipt. Sometimes I have to manually adjust the correct tax amount.

Pros

This has to be one of the best OCR & Expense software I have ever used it has all the major features you would need from easy OCR recognition to full-time tracking and payroll

Cons

The software can become a little cumbersome do the all the features it has and it takes time to learn how to get everything set up and working like you want it to

Pros

I like how Veryfi takes the hassle out of managing receipts. Whereas previously I scanned receipts in one step and entered them into Quickbooks as a separate step, I now do it all in one simple step using Veryfi.

Cons

I've only been using Veryfi for a few weeks, but so far I don't have any negatives.

Pros

Great app, very quick in getting all the data scanned and loaded. Able to tag customers, get reports and organize by category. Really easy to use and great value.

Cons

Adding jobs/customers is a bit of a tad as oppose to having the option to select while uploading.

Pros

Easy to use, very responsive customer service. Modestly priced.

Cons

Their web version needs some improvements which they are working on.

Pros

I have all my receipts always with me. I can look up receipts from last year in seconds. That is important too me.

Cons

During the time that i have been using Verify aside for some minor bugs which have been corrected, I cant say I have any cons.. its constant evolution has ensured it continues to suprise me.