Veryfi Receipts OCR & Expenses

RATING:

4.8

(162)

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 ...

Awards and Recognition

FrontRunner 2023
Software Advice's FrontRunners report ranks top products based on user reviews, which helps businesses find the right software.

Veryfi Receipts OCR & Expenses Pricing

- 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/

Starting price: 

$500.00 per month

Free trial: 

Available

Free version: 

Available

Veryfi expenses
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Veryfi Receipts OCR & Expenses Reviews

Overall Rating

4.8

Ratings Breakdown

Secondary Ratings

Ease-of-use

5

Customer Support

5

Value for money

4.5

Functionality

5

Most Helpful Reviews for Veryfi Receipts OCR & Expenses

1 - 5 of 162 Reviews

User Profile

Matthew

Verified reviewer

Veterinary, 2-10 employees

Used daily for less than 12 months

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed October 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!

Vendor Response

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 October 2018

User Profile

Maddie

Verified reviewer

Information Technology and Services, 10,000+ employees

Used daily for more than 2 years

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

4

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed May 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.

Reasons for switching to Veryfi Receipts OCR & Expenses

I appreciate how simple it is to capture a receipt, how quickly it can be processed, and how accurate it is.

Vendor Response

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 April 2023

Rachel

Hospital & Health Care, 1 employee

Used weekly for less than 6 months

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

4

VALUE FOR MONEY

2

FUNCTIONALITY

4

Reviewed November 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.

Vendor Response

Thanks for your review! We appreciate your feedback, and will take it under consideration. Cheers, The Veryfi Team

Replied April 2023

Coy

Health, Wellness and Fitness, 2-10 employees

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed November 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.

Reason for choosing Veryfi Receipts OCR & Expenses

Al and Machine learning. Fast, reasonably exact.

Vendor Response

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 June 2021

Lou Ann

Accounting, 1 employee

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

4

EASE OF USE

5

CUSTOMER SUPPORT

2

FUNCTIONALITY

4

Reviewed September 2023

A Virtual Assistants review

I like the product, but the if I can't get joy from the sales department, it makes me wonder about the support when I have a technical problem.

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.

Reason for choosing Veryfi Receipts OCR & Expenses

The free trial and the pricing. I wanted to know what Veryfi offered me.

Vendor Response

Thank you for your review. We are delighted you enjoy using this product! Please Contact Us for further assistance with sales. We are eager to help you get more value out of Veryfi.

Replied April 2024