Veryfi Receipts OCR & Expenses Reviews

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.

Alternatives Considered

webexpenses and Zoho Expense

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

Expensify

Reasons 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!

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.

Alternatives Considered

QuickBooks Online

Reasons for Choosing Veryfi Receipts OCR & Expenses

I started with Veryfi, switched to QB, then I'm wanting to transition back. As I said above, QB support is nearly absent or not relevant to my business and I only needed a little bit of help getting things set up but they help was simply not there and the program while it had it's benefits, was not all that great.

Switched From

QuickBooks Online

Reasons for Switching to Veryfi Receipts OCR & Expenses

Simplified program.

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.

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.

Alternatives Considered

Expensify

Reasons for Choosing Veryfi Receipts OCR & Expenses

Both of these platforms eventually phased out and Veryfi actually offered an import feature so that I wouldn't lose my receipt data from my previous app. That combined with its features made it a no-brainer.

Reasons for Switching to Veryfi Receipts OCR & Expenses

Price and the ability to import receipts from my previous app.

Pros

I love the ease of capturing the receipt, the swiftness of it's processing and the accuracy!

Cons

I would like to capture more than one receipt at a time without having to always press the capture button.

Pros

Saves time with OCR capturing vital info from receipt or invoice
Allowed us to enter the project, job cost codes, etc for job costing when other exp mgmt solutions did not offer job costing options
Reliable sync to QB online
Easy document management report of all receipts and invoices

Cons

A little difficult to locate filters when searching for receipts or invoices
When set to autosync, it sent info to QB online before finalized

Alternatives Considered

Dext Prepare

Reasons for Switching to Veryfi Receipts OCR & Expenses

Veryfi provided ways to code costs by project for construction

Pros

The OCR feature for capturing and organizing receipts is incredibly accurate. I love that it saves me so much time over manually entering all my expenses!

Cons

At $15 per month, it was almost more than I was willing to pay as a small business owner. However, I think it makes up for the price in the amount of time it saves me.

Alternatives Considered

Expensify and Fyle

Reasons for Choosing Veryfi Receipts OCR & Expenses

Expensify was slightly more expensive, and it could not sync with Quickbooks Desktop software.

Switched From

Expensify

Reasons for Switching to Veryfi Receipts OCR & Expenses

The functionality and third-party syncing features seem superior in Veryfi.

Pros

Point of Sale disposition of bookkeeping chores. Finished before I hit the door.

Cons

I can't resist getting into conversations with random people when they see me use it.

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

Easy to use and works so well for getting things organized

Cons

Reporting features i have not tried much but seems overwhelming for now

Pros

Very easy to use. It saves me a lot of time especially when i am on the road.

The scanning or recipts is right most of the time and its great how it links into my accounting package and bank feeds. It also "guesses" what the accounting classification should be. I travel overseas a lot so the multi currency ability of verify is also fantastic. Saves me trying to work out what the conversion rates should have been.

Its also very useful when I get emailed receipts (which is happening more and more) as I can forward then directly to verify for auto entry into the system. Finally having somewhere to be able to store and search for all my old receipts is very handy when clients accounting departments ask to see the documents.

i haven't had the need for support much (which is a testament to the product) but when I did they were very prompt in responding and solving my issues. Great work guys!

Cons

Which the OCR and allocation of expenses to my expenses ledgers is good it could still be better.I am sure thats something the verify team are working on. Also when I sign up (which was quite a while ago) It took me some time to work out how to use the product, but when I did I was away. I believe they now offer 1 to 1 training online which is great, but I think they should also add some more "how to" video's to help new users get up to speed quicker.

Pros

The app has a very easy interface and is very fast.
When you need to scan a receipt, is just one click to open the app e other to click on the camera icon!
The AI take car to get all data correctly about the vendor, values and taxes.
I tested a lot of apps and Veryfi is the best in document recognition for receipts. and I almost forgot the great feature that I already use in other apps for travelling that is to directly send the receipts to my @veryfi account.
Thank you Veryfi team.

Cons

This is not a con but a new feature that can help a lot.
I really need to export all documents to sent to my tax consultant and it will be very easy if we have this option to select when we create the expense reports, like on option (x) include document images as a zip file.
And the other thing, of course, is the name! I always try or write the correct one "Verify".
Here is my suggestion for this one ... Just get this domain "http://verify.io/", add AI, Blockchain and ML to the project, do and ICO... and be very rich!

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

Multiple ways to easily input expenses: snap a photo with your phone, drag & drop via the web interface, or forward receipts by email to a dedicated email address. Also have the ability to connect Dropbox (among other third party apps) so that all my receipts are instantly backed up to a designated DB folder.

I've tried several apps out there to track both personal and business expenses, and VeryFi is my favorite to date, by far. Really excellent stuff.

The customer support staff have also been very helpful when needed. Keep it up, guys!

Cons

While I'm sure some things could always be enhanced, nothing comes to mind that I would call a "dislike." So long as the team continues to tweak, update, and listen to their customers, they'll be just fine.

Pros

easy and quick to use, accurately pulls expenses into Quickbooks and allows for multiple companies.

Cons

I haven't found anything yet that I don't like about the software

Pros

The thing I like most is the ease of use.

Cons

I do feel as with all apps, there’s room for improvement. Currently I feel like the refresh rate on the receipts page could be improved. As is the split function as well.

Pros

I've been using Veryfi since it was called IQ boxy, so more than 2 years now. I very happy. it's easy to use and very effective. I had some issues with my subscription and the customer care has been very helpful.

Cons

I think the subscription price has rised too much

Pros

Easy to use, very automated. Integrates with almost everything. Only took me 10 minutes to actually set up, but the more I detail the better it gets.

Cons

So far, haven't ran into any cons yet. I am fairly new to it, and for the price I don't plan on complaining!!

Alternatives Considered

OfficeTools and BILL Accounts Payable & Receivable

Reasons for Switching to Veryfi Receipts OCR & Expenses

cost and free version to learn it.

Pros

I love that this program is easy to use on both its PC and app version. I also love the monthly statements it gives, and that it syncs with your bank.

Cons

I only wish I could add multiple rules per "rule" for each vendor, etc.

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

- 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

What a brilliant, expedient and simple way of recording invoices and receipts on a regular basis
Just forward any receipts and/or invoices to the app and it automatically scans and picks up the details
set your profile to a vat/tax percentage and it will also automatically separate that from the total

Cons

I would love to see the vat/tax shown at the bottom of screen reports as a separate field/column

Pros

The AI is remarkable. It takes me no more than 30 seconds to complete all of the information and picture data for any expense item. Then I'm done. No box of receipts to organize. No wasted time. Wish this product was available years ago. I have literally spent days collecting and organizing this type of data for our CPA in past years.

Cons

The fact that it wasn't available 10 years ago.

Pros

The features that I enjoyed the most about this app are its ease of use and intergration with other accounting apps that I use frequently. I found the layout and setting up of my account very intuituve, and adding my scans was simple with the OCR doing a pretty good job of accuratley adding my reciepts. Even when it did not the process to manually enter them was easy.

Cons

There isnt anything that stands out so far that really comes across as a con to me. Possibly better OCR but it usually picks up whatever I try to scan.Other than the fact you have to pay to use the full version lol! Maybe some different colored themes, I dont know all in all its a good app and hit every aspect of what I was looking for