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

Reasons for Switching to Veryfi Receipts OCR & Expenses

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

Reasons for Switching to Veryfi Receipts OCR & Expenses

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.

Alternatives Considered

Reasons for Switching to Veryfi Receipts OCR & Expenses

Pros

The receipt management makes expense tracking no longer feel like a tedious task when reconciling numbers and makes it easy to understand which card expenses came from.

Cons

I am yet to further explore the product but so far it does what I need it to do

Alternatives Considered

Reasons for Switching to Veryfi Receipts OCR & Expenses

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

Scans documents quite accurately, you can categorize them, reads the date and time of the document, the associated number, and the issuer. It has helped me streamline my expense control process.

Cons

It lacks support for subcategories; some documents were not understood in the best way. It could recognize an item and assign it a category that was assigned in another document. The web interface needs more development to be more user-friendly

Pros

After testing over 60 different product, this one was by far the best

Cons

The trial was too short but we ended up subscribing

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

Pros

I love this software, it is fantastic with keeping up with receipts, the software pulls most if not all of the information off the receipt automatically, which is a great feature. The overall OCR function works great, and it works great for tracking certain transaction categories to keep an eye on spending. It’s been great to use for reimbursement itemization while I was interviewing.

Cons

Their OCR could be slightly improved as I’ve had issues with the camera recognizing the receipt for more than a second, cycling through shapes and having issues with taking a photo and having it select a shape other than the one in the last cycle.
I also wish that they had a personal finance option as I would love to manage my own finances without some of the selections or details of a company.

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

Love being able to track and place receipts for each job and tracking the spending. Gives us time to do other important tasks instead of having to go through hundreds of receipts

Cons

I wish the users were able to add their own specific jobs to the app. They have to wait for an admin to add it in

Pros

How easy and fast it is to capture receipts before they are lost

Cons

Sometimes updates and feature might come too fast

Pros

It has all the features that I require and it looks very professional. Again, the customer service is amazing!

Cons

I found the learning curve was a little much, but any confusion was due to my own negligence. If you put the time in, the results will be there.

Pros

The ease of use and the speed at which the captured slips are processed and a report generated is astounding. I am also impressed with the accuracy of the captured data.

Cons

I struggled, and I am still struggling to connect this app with my Sage Cloud Accounting Solution.

Pros

Because it categorizes and transfer to Excel and other formats. So instead of collect each receipt and keep it physically and spend a half day before Tax day, you can just open Excel and everything is ready for your Tax preparer person.

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.