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 Software - Veryfi expenses
Veryfi Receipts OCR & Expenses Software - Veryfi create expense report
Veryfi Receipts OCR & Expenses Software - Veryfi reports
Veryfi Receipts OCR & Expenses Software - Veryfi documents
Veryfi Receipts OCR & Expenses Software - Veryfi bank account transactions
Veryfi Receipts OCR & Expenses Software - Veryfi bank feeds
Veryfi Receipts OCR & Expenses Software - Veryfi expenses - thumbnail
Veryfi Receipts OCR & Expenses Software - Veryfi create expense report - thumbnail
Veryfi Receipts OCR & Expenses Software - Veryfi reports - thumbnail
Veryfi Receipts OCR & Expenses Software - Veryfi documents - thumbnail
Veryfi Receipts OCR & Expenses Software - Veryfi bank account transactions - thumbnail
Veryfi Receipts OCR & Expenses Software - Veryfi bank feeds - thumbnail

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$15.00/month.

Starting Price:
US$15.00/month
Pricing Details:
- Unlimited document scans - Unlimited reporting & insights - Vehicle logbook tracking - Sync to cloud accounting (eg. QBO, IIF) - Backups to cloud storage - Bank feeds & reconciliation - Bills fetch via veryfi.cc - Pain-free Data Migration - 30 day money back guarantee! and much more: https://www.veryfi.com/full-features/
Free Version:
Yes
Free trial:
Yes

Alternatives to Veryfi Receipts OCR & Expenses

Xero is an accounting system designed for small and growing businesses. Xero connects small businesses with their...

Sage Intacct

Sage Intacct is a provider of cloud-based financial management and accounting software. Sage Intacct's software...

Quickbooks Online

QuickBooks Online enables users to download and reconcile credit card transactions that allows businesses to organize...

QuickBooks Online Advanced

QuickBooks Online Advanced is a cloud-based accounting solution that helps small to large enterprises manage expenses,...
Odoo Point of Sale (POS) is part of Odoo’s integrated suite of business applications. The module is available both on...
With an integrated system that includes ERP, financials, commerce, inventory management, HR, PSA, supply chain...

Veryfi Receipts OCR & Expenses Reviews

Feature rating

Value for Money
4.5
Functionality
5
Ease of Use
5
Customer Support
5
5 reviews of 125 View all reviews
David B.
  • Industry: Restaurants
  • Company size: 51-200 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 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.

Alternatives Considered

Zoho Expense and webexpenses

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!

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
Daniel R.
  • Industry: Hospitality
  • Company size: Self Employed
  • Used Daily for 2+ years
  • Review Source
Value for Money
5
Features
5
Ease of Use
5
Customer Support
5

5
Reviewed on 17/08/2021

The app I use every day. Highly recommend!

I used to have to spend an hour each month matching a shoebox filled with receipts to my credit card bills. Now I don't even have to keep the paper receipts. I simply scan them with Veryfi, and in seconds, i have a digital copy with all the important info already populated into categories (payment type, expense category, merchant, date, etc). Then at the end of the month, their intuitive web based platform matches all my expenses to any bank feeds I have linked. What used to take me an hour now takes minutes!

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.

Response from Veryfi

Daniel, Thank you for your nice feedback and support.

I'd love to help you out with the Amazon receipts. Please email [email protected] and let's explore what we can improve on our end to make this work.

Best,
Ernest (cofounder)

Replied 01/09/2021
Jake D.
  • Industry: Accounting
  • Company size: 2-10 Employees
  • Used Weekly for 1-5 months
  • Review Source
Value for Money
4
Features
4
Ease of Use
4
Customer Support
4

4
Reviewed on 11/11/2016

Solid Optical Reading

I have not used IQBoxy for long, but I do have some clients using it to track their business expenses. They take photos of their receipts and IQBoxy converts them to digital information and syncs with Xero Accounting Software.

So far, the information the software gathers from the receipts has proven to be both accurate and reliable, which is more than can be said for some other software I've used. It is able to pull the vendor name, date, amount, etc. and accurately sync it with Xero. I also like the expense reports and reminders to get your receipts entered. The expense reports can be printed from your computer to submit to your accountant or bookkeeper.

The one area that I find challenging is the integration with Xero. Though it transfers information well, the workflow still requires more steps than entering a transaction. Essentially, it creates an unapproved Bill in Xero for your accountant to approve (create the bill), then record a payment (or you can use the Expense Reimbursement feature of Xero the same way). To set the account and approve the bill, then create a payment to actually hit your general ledger is more steps than just creating a spend or receive money transaction. For that reason, the integration might not be the right solution for everyone, but overall, the software is accurate and helpful for tracking business expenses and keeping your receipts organized.

Pros

Accuracy in reading receipts.

Cons

Integration steps (which may not really be unique to this software).

Response from iqBoxy

Jake, thank you for your great feedback and support.

We now have web app tool for accountants & bookkeepers to manage your clients from the 1 place. Check it out => https://www.veryfi.com/accounting-practice-management/

PS. IQBoxy has a new name! VERYFI ~ Read the announcement => https://www.veryfi.com/news/iqboxy-is-now-veryfi/

Best, Ernest (cofounder)

Replied 07/12/2017
Louis A.
  • Industry: Health, Wellness & Fitness
  • Company size: Self Employed
  • Used Daily for 2+ years
  • Review Source
Value for Money
5
Features
4
Ease of Use
4
Customer Support
5

5
Reviewed on 18/08/2021

Best Receipt manager and expense tracjer

I love it and the overall customer service is outstandingly spectacular

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.

Response from Veryfi

Louis, Thank you for your nice feedback and support

Regarding capturing more photos after each scan- this is possible. Inside the app, press COLLECT to start the Camera then press the ... (3 dots) in the top right of the screen. This opens MORE dropdown and then select SETTINGS. Inside the Settings view, TURN OFF "After Scan Close Camera". That's it :-)
If you need help we are here at [email protected]

Best,
Ernest

Replied 01/09/2021
Chris H.
  • Industry: Hospital & Health Care
  • 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 22/07/2021

A Must-Have for Small Business Owners

Veryfi has helped me to keep my books up-to-date in real-time. I now feel like I am on top of my bookkeeping, instead of procrastinating each month and playing catch-up.

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.

Response from Veryfi

Chris, Thank you for the nice detailed feedback and support.

Best, Ernest (cofounder)

Replied 01/09/2021

Related categories