Veryfi Receipts OCR & Expenses

Expense, receipt capture, and project management tool

About Veryfi Receipts OCR & Expenses

Veryfi is a cloud-based platform for managing expenses, receipt collection, and more, automatically. The solution can be used across various industries including construction, property investment, speciality trades, and more, to automate data entry, manage projects, report on key metrics, and more.

Veryfi helps users to focus their time on other tasks by automating the repetitive parts of accounting including data entry, categorization, and reconciliation using emerging technologies such as OCR and machine learning engines.

Veryfi's OCR and Machine Learning engine can consume unstructured receipts, invoices, and purchases and turn them into a structure data format. Veryfi helps businesses to manage tax obligations in line with IRS standards, maximize tax deductions, and eliminate manual data entry.

Pricing starting from:

US$15.00/month

  • Free Version
  • Free Trial
  • Subscription

Top 5 alternatives to Veryfi Receipts OCR & Expenses

Key benefits of Veryfi Receipts OCR & Expenses

  • Veryfi is both HIPAA: Health Insurance Portability and Accountability Act and The General Data Protection Regulation (GDPR) compliant.

  • The iOS and Android expense apps allow users to capture photographs of receipts and automatically extracts data and logs it within the system.

  • Business-related travel can be logged with the Veryfi Logbook Mileage Tracker app which automatically tracked and records mileage while the app is running in the background of any mobile device.

  • Veryfi integrates with many third party apps including Sage One, Rippling, Dropbox, Office 365,Slack, Box, QuickBooks, Saasu, and more, to provide a synchronized experience.

  • Categorization habits are recognized and recorded through machine learning so that categorization can be automated to maximize tax deductions and avoid tax audits.

  • Devices

    Business size

    S M L

    Markets

    Argentina, Australia, Brazil, Canada, Chile, Colombia, United Kingdom, Peru, United States

    Supported Languages

    English, Spanish

    Pricing starting from:

    US$15.00/month

    • Free Version
    • Free Trial
    • Subscription

    Top 5 alternatives to Veryfi Receipts OCR & Expenses

    Images

    Veryfi Receipts OCR & Expenses Software - Field worker scanning a receipt from hardware shop which extracts data in 3 seconds flat!
    Veryfi Receipts OCR & Expenses Software - Veryfi Mobile app to manage Expenses, Receipts & Projects available on iPhone & Android.
    Veryfi Receipts OCR & Expenses Software - Logbook Mileage Tracker by Veryfi used in the field by Uber driver.
    Veryfi Receipts OCR & Expenses Software - Timesheets & Employee Scheduling app by Veryfi. App includes floor detection, geofencing & employee beacons.
    Veryfi Receipts OCR & Expenses Software - 5
    Veryfi Receipts OCR & Expenses Software - HUB by Veryfi is a web interface to provide 30K feet visibility on user data.
    Veryfi Receipts OCR & Expenses Software - HUB by Veryfi showing the scanned receipt vs data extracted. In total 73 data points are extracted inc. OCR line by line detail.
    Veryfi Receipts OCR & Expenses Software - Accounting Practice Management by Veryfi for CFOs, CPAs & Bookkeepers. Accountants can earn revenue share by bringing on board clients to the Veryfi platform.
    View 9 more
    Veryfi Receipts OCR & Expenses video
    Veryfi Receipts OCR & Expenses video
    Veryfi Receipts OCR & Expenses video
    Veryfi Receipts OCR & Expenses video
    Veryfi Receipts OCR & Expenses video
    Veryfi Receipts OCR & Expenses video
    Veryfi Receipts OCR & Expenses Software - Field worker scanning a receipt from hardware shop which extracts data in 3 seconds flat! Veryfi Receipts OCR & Expenses Software - Veryfi Mobile app to manage Expenses, Receipts & Projects available on iPhone & Android. Veryfi Receipts OCR & Expenses Software - Logbook Mileage Tracker by Veryfi used in the field by Uber driver. Veryfi Receipts OCR & Expenses Software - Timesheets & Employee Scheduling app by Veryfi. App includes floor detection, geofencing & employee beacons. Veryfi Receipts OCR & Expenses Software - 5 Veryfi Receipts OCR & Expenses Software - HUB by Veryfi is a web interface to provide 30K feet visibility on user data. Veryfi Receipts OCR & Expenses Software - HUB by Veryfi showing the scanned receipt vs data extracted. In total 73 data points are extracted inc. OCR line by line detail. Veryfi Receipts OCR & Expenses Software - Accounting Practice Management by Veryfi for CFOs, CPAs & Bookkeepers. Accountants can earn revenue share by bringing on board clients to the Veryfi platform.

    Features

    Total features of Veryfi Receipts OCR & Expenses: 43

    • API
    • Accounting
    • Accounts Payable
    • Accounts Receivable
    • Activity Tracking
    • Approval Process Control
    • Audit Management
    • Audit Trail
    • Bank Reconciliation
    • Billing & Invoicing
    • Budgeting/Forecasting
    • Cash Management
    • Categorisation/Grouping
    • Collections Management
    • Core Accounting
    • Cost Estimating
    • Currency Conversion
    • Document Storage
    • Expense Claims
    • Expense Tracking
    • Financial Reporting
    • Fixed Asset Management
    • For Government
    • General Ledger
    • Mobile App
    • Mobile Receipt Upload
    • Multi-Currency
    • Progress Reports
    • Project Accounting
    • Project Billing
    • Projections
    • Real Time Data
    • Receipt Management
    • Reimbursement Management
    • Revenue Recognition
    • Sales Tax Management
    • Spend Control
    • Spend Management
    • Summary Reports
    • Tax Management
    • Third Party Integrations
    • Time & Expense Tracking
    • Workflow Management

    Alternatives

    Expensify

    4.4
    #1 Alternative to Veryfi Receipts OCR & Expenses
    Easily track your receipts and manage expenses on the go with Expensify. Just take a photo of your receipt and...

    Bill.com

    4.2
    #2 Alternative to Veryfi Receipts OCR & Expenses
    With Bill.com, get paid up to 2x faster. Accept flat-rate ACH payments, send recurring electronic invoices, and send...

    OfficeTools

    4.1
    #3 Alternative to Veryfi Receipts OCR & Expenses
    OfficeTools provides everything you need to run your tax and accounting practice from a single solution.

    Quickbooks Online

    4.3
    #4 Alternative to Veryfi Receipts OCR & Expenses
    QuickBooks Online is a complete small business accounting solution which allows users to manage all their financial...

    Reviews

    Overall rating

    4.9 /5
    (138)
    Value for Money
    4.7/5
    Features
    4.8/5
    Ease of Use
    4.9/5
    Customer Support
    4.8/5

    Already have Veryfi Receipts OCR & Expenses?

    Software buyers need your help! Product reviews help the rest of us make great decisions.

    Write a Review!
    Showing 5 reviews of 138
    David B. David B.
    Overall rating
    • Industry: Restaurants
    • Company size: 51-200 Employees
    • Used Daily for 1-5 months
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    After a long search, I finally found this gem!

    Reviewed on 28/2/2021

    Game Changer! I was with all popular Ex******* for several years when I received an email from fbe...

    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

    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!

    Response from Veryfi

    Love it! Thank you David for your lovely feedback.
    btw, we have volume discounts if your employees want access as well :-)

    Daniel R. Daniel R.
    Overall rating
    • Industry: Hospitality
    • Company size: Self Employed
    • Used Daily for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    The app I use every day. Highly recommend!

    Reviewed on 17/8/2021

    I used to have to spend an hour each month matching a shoebox filled with receipts to my credit...

    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)

    Jake D. Jake D.
    Overall rating
    • Industry: Accounting
    • Company size: 2-10 Employees
    • Used Weekly for 1-5 months
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 7.0 /10

    Solid Optical Reading

    Reviewed on 11/11/2016

    I have not used IQBoxy for long, but I do have some clients using it to track their business...

    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)

    Louis A. Louis A.
    Overall rating
    • Industry: Health, Wellness & Fitness
    • Company size: Self Employed
    • Used Daily for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    Best Receipt manager and expense tracjer

    Reviewed on 18/8/2021

    I love it and the overall customer service is outstandingly spectacular

    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

    Chris H. Chris H.
    Overall rating
    • Industry: Hospital & Health Care
    • Company size: 2-10 Employees
    • Used Daily for 1-5 months
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 9.0 /10

    A Must-Have for Small Business Owners

    Reviewed on 22/7/2021

    Veryfi has helped me to keep my books up-to-date in real-time. I now feel like I am on top of my...

    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

    Fyle and Expensify

    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)

    Showing 5 reviews of 138 Read all reviews

    Veryfi Receipts OCR & Expenses FAQs

    Below are some frequently asked questions for Veryfi Receipts OCR & Expenses.

    Veryfi Receipts OCR & Expenses offers the following pricing plans:

    • Starting from: US$15.00/month
    • Pricing model: Free Version, Subscription
    • Free Trial: Available

    - 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/

    Veryfi Receipts OCR & Expenses has the following typical customers:

    Self Employed, 2-10, 11-50, 51-200, 201-500, 501-1,000, 1,001+

    Veryfi Receipts OCR & Expenses supports the following languages:

    English, Spanish

    Veryfi Receipts OCR & Expenses supports the following devices:

    Android (Mobile), iPhone (Mobile), iPad (Mobile)

    Veryfi Receipts OCR & Expenses integrates with the following applications:

    Box, Dropbox Business, Evernote Teams, Google Drive, Microsoft 365, OneDrive, QuickBooks Online Advanced, Quickbooks Online, Rippling, Saasu, Sage Business Cloud Accounting, Slack, Xero

    Veryfi Receipts OCR & Expenses offers the following support options:

    Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, 24/7 (Live rep), Chat

    Related categories

    See all software categories found for Veryfi Receipts OCR & Expenses.