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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 US$500.00/month.
Starting Price:
US$500.00/month
Free Version:
Yes
Free trial:
Yes
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Veryfi Receipts OCR & Expenses Reviews
Feature rating
5 reviews of 163
View all reviews
Matthew
- Industry: Veterinary
- Company size: 2–10 Employees
- Used Daily for 6-12 months
-
Review Source
Value for Money
5
Features
5
Ease of Use
5
Customer Support
5
5
Reviewed on 15/10/2018
Excellent Support
I can't say enough how responsive, friendly, and efficient their customer/technical support has been.
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!
Response from Veryfi
Matthew, thank you for your detailed review of Veryfi inc. your experience coming onboard from another provider. Love the feedback and ratings you left us. Thank you so much for the ongoing support :-)
PS. Check out our referral program https://hub.veryfi.com/referrals/
Best, Ernest (cofounder)
Replied 24/10/2018
Maddie
- Industry: Information Technology & Services
- Company size: 10,000+ Employees
- Used Daily for 2+ years
-
Review Source
Value for Money
5
Features
4
Ease of Use
5
Customer Support
5
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 5/04/2023
Rachel
- Industry: Hospital & Health Care
- Company size: Self Employed
- Used Weekly for 1-5 months
-
Review Source
Value for Money
2
Features
4
Ease of Use
4
Customer Support
0
5
Reviewed on 14/11/2022
Practical but expensive
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.
Response from Veryfi
Thanks for your review! We appreciate your feedback, and will take it under consideration.
Cheers,
The Veryfi Team
Replied 5/04/2023
Jamie
- Industry: Internet
- Company size: 2–10 Employees
- Used Daily for 1-5 months
-
Review Source
Value for Money
5
Features
5
Ease of Use
5
Customer Support
5
5
Reviewed on 9/01/2020
Smarter, not harder
[SENSITIVE CONTENT HIDDEN], answered questions/concerns, provided 1:1 training, amazing customer support, and treated our 2 employees business like we are just as important as their big construction company clients.
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.
Reasons for Switching to Veryfi Receipts OCR & Expenses
Customer Support Simplicity of uploading receipts Accurate data extraction - including handwritten receipts Price/CostResponse from Veryfi
Jamie, Thank you so much for the lovely feedback! I have shared it with the team and there were smiles all round. We are grateful for the lovely private note you left. Thank you again for the support!
Best,
Ernest (cofounder)
Replied 27/02/2020
Coy
- Industry: Health, Wellness & Fitness
- Company size: 2–10 Employees
- Used Daily for Free Trial
-
Review Source
Value for Money
5
Features
5
Ease of Use
5
Customer Support
5
5
Reviewed on 14/11/2020
CEO/ President
We use the Expense management product. During our first three days, we scanned 300 receipts. We contacted support and Veryfi raised our cap to 600. We readily used the additional allocation in less than three days.
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
XeroReasons for Switching to Veryfi Receipts OCR & Expenses
Al and Machine learning. Fast, reasonably exact.Response from Veryfi
Coy, great feedback! Thank you so much.
Re unlimited data extraction, check out the Veryfi OCR API which has no limits using per scan model.
All the best!
Rusty
Replied 2/06/2021
