Veryfi Receipts OCR & Expenses

4.8
Overall rating
Reviews

4.8
Overall rating
Reviews

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$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

Value for Money
4.6
Functionality
4.8
Ease of Use
4.8
Customer Support
4.8
5 reviews of 158 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 05/04/2023
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 05/04/2023
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

Xero

Reasons 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 02/06/2021
Giovanna
  • Industry: Real Estate
  • Company size: Self Employed
  • Used Weekly for Free Trial
  • Review Source
Value for Money
0
Features
5
Ease of Use
5
Customer Support
0

5
Reviewed on 27/02/2023

Superb piece of software

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

Expensify and Xero

Reasons for Switching to Veryfi Receipts OCR & Expenses

Because it seemed more user-friendly and straightforward

Response from Veryfi

Thanks for your review! We appreciate your comments, and are happy to see that our software is making your life and work easier.
Cheers,
The Veryfi Team

Replied 05/04/2023

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