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#92

Veryfi is ranked #92 in the Bank Accounting Software product directory based on the latest available data collected by SelectHub. Compare the leaders with our In-Depth Report.

Veryfi Benefits and Insights

Why use Veryfi?

Key differentiators & advantages of Veryfi

  • Accessibility: Gain access to data 24/7. Decentralize bookkeeping and keep track of macro and micro changes to make a well-informed decision. 
  • Minimize Risk: Reduce risk associated with data and knowledge loss due to employee turnover. 
  • Ensure Safety: Guarantee security, availability, confidentiality and privacy with SOC2 Type 2 certified system. Ensure compliance with GDPR, HIPAA and CCPA. 
  • Maximize Tax Deductions: Avoid tax audits and maximize tax deductions by recognizing and recording segregation habits through machine learning and automate categorization. 
  • No Hidden Charges: Start using this value-based approach in 30 seconds. With no hidden prices, get all the features in every product. 

Industry Expertise

It’s suitable for companies and developers who want to create applications for business intelligence, bookkeeping automation, and expense management.

Key Features

  • Expense Management: Put receipt collection and expense management on auto-pilot mode. Take a picture and automate data entry, labeling and categorization with I/OCR technology in real time. Check expenses and income for projects and customers. Create comprehensive job cost reports for the project. Get unlimited reports on costs, profit and loss, monthly activity, outlook 24/7. Benefit from the support of 15K institutions for fetching bank feeds and reconciling transactions. Directly collect or forward emailed invoices, bills, receipts to the inbox. Keep tabs on job costs from one place and check invoices, purchase orders and employee time cards. Centralize all the data and minimize paperwork by tracking, managing and storing any document in the field. Access reports, documents, budgets, expenses from mobile devices. 
  • Time Tracking: Automate payroll and track time for projects without any manual data entry. Integrate with the Sonim smartphone to automate clocking in and clocking out. Get actionable real-time data from the field to make better decisions. Enhance transparency with project scheduling and crew communication. Speed up payroll management and send accurate invoices directly to QuickBooks. Put clock in and clock outs, job allocations and more on auto-pilot mode. Build confidence by ensuring accuracy and transparency with floor-by-floor detection. Get access to the app and ecosystem with a Single Sign-On portal. Track and report employee hours with Gusto Payroll integration. 
  • Practice Management: Manage client books, bank feeds, reconciliations, reporting and more in a centralized inbox. Simplify billing by controlling it as based on the company’s terms. Ensure fast, accurate and secure invoice and receipt management with I/OCR technology. Get access to discounted products for clients and businesses. 
  • Receipt OCR API: Extract SKU level purchase data from receipts, bills and documents. Automatically amend image issues like pin and barrel, detect blur, fix the perspective issue, rotate images or split them into multiple pages. Ensure protection and comply with data privacy bills. Get receipt scanning and results in real time. Instantly recognize new receipts without any template or regex. 
  • Invoice OCR API: Ensure accuracy in recognizing, extracting and converting date fields from the invoices. Minimize payment processor fees by enabling Level 3 data processing with line item level detail in the billing information. Get instant time value with any training or data. Identify the context in new and existing invoices with machine models. Create new modern tools and get instant results in real time. 
  • Mobile Data Capture: Enrich a customer’s data recording experience with a lens that accurately captures receipts and invoice quickly when installed in an iOS and Android app. Ensure fast integration by adding lenses into the app and representing data recording with minimal coding. 
  • AP Automation Toolkit: Ensure that the company being billed is authentic by checking vendors against the government company database. Avoid doubling up on payments and make sure that the bills are within the corporate guidelines. Instantly identify data without any template. Make well-informed decisions by gaining insights into the bills in real time. Ensure compliance in the back-office by eliminating man in the middle attack. 
  • Brand Marketing Tools: Enhance customer experience by identifying product insights, customer spending behavior and more and target with coupons, vouchers and loyalty programs. 

Limitations

At the time of this review, these are the limitations according to user feedback:

  •  Asks for human verification after every recording. 
  •  Plain and boring app interface. 
  •  Doesn’t allow customization for data extraction. 
  •  Integration can be challenging. 
  •  Expensive. 
  •  Issue with importing documents. 

Suite Support

mail_outlineEmail:[email protected].
phonePhone:No information available.
schoolTraining:Schedule 1:1 training sessions with API/OCR experts, accountants and bookkeepers.
local_offerTickets:No information available.