Veryfi Receipts OCR & Expenses

RATING:

4.9

(156)

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 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

4.9

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 156 Reviews

User Profile

Theo

Verified reviewer

Graphic Design, 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 August 2018

Veryfi review from Theo

Really good experience. Much, much happier than my previous service (SquirrelStreet). Their prices kept creeping up, and we would only know our final cost after the processed. Also if we were a few days late, we would still pay the minimum fee for the month and then get whacked with a huge surcharge—that doesn't happen with veryfi.

PROS

Cost, ability to hold backup files in Dropbox or Google Drive. Instant review and verification,

CONS

Not much. Yes I have to verify each transaction, and sometimes correct, but then I know that the information is there ready to use and accurate—no waiting a few weeks and hopping it was done correctly. It's a con which turns into a pro! On some surfaces the auto detect doesn't work correctly or randomly. especially at Coles self serve checkouts. I tend to have auto detect off and then sometimes crop the image to reduce file size.

Chris

Hospital & Health Care, 2-10 employees

Used daily for less than 6 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 July 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.

Reason for choosing Veryfi Receipts OCR & Expenses

The functionality and third-party syncing features seem superior in Veryfi.

Reasons for switching to Veryfi Receipts OCR & Expenses

Expensify was slightly more expensive, and it could not sync with Quickbooks Desktop software.

Vendor Response

Chris, Thank you for the nice detailed feedback and support. Best, Ernest (cofounder)

Replied September 2021

Jake

Accounting, 2-10 employees

Used weekly for less than 6 months

Review Source: Capterra

OVERALL RATING:

4

EASE OF USE

4

VALUE FOR MONEY

4

CUSTOMER SUPPORT

4

FUNCTIONALITY

4

Reviewed November 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).

Vendor Response

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 December 2017

Robert

Industrial Automation, 1 employee

Used daily for more than 2 years

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 August 2021

Indispensable

PROS

Point of Sale disposition of bookkeeping chores. Finished before I hit the door.

CONS

I can't resist getting into conversations with random people when they see me use it.

Reasons for switching to Veryfi Receipts OCR & Expenses

Quicken a d QuickBooks meant piles of receipts waiting for me. Now it's done before I get to the car.

Vendor Response

Robert, Love your feedback! Thank you so much for your support. PS. Don't forget to use your code in the referral program (https://hub.veryfi.com/referrals/) so we can credit your account for every user you share Veryfi with Best, Ernest

Replied September 2021

Jamie

Internet, 2-10 employees

Used daily for less than 6 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 January 2020

Smarter, not harder

[SENSITIVE CONTENT HIDDEN], answered questions/concerns, provided 1:1 training, amazing customer support, and treated our 2 employees business like we are just as important as their big construction company clients.

PROS

Veryfi’s Intelligent OCR (Optical character recognition) made scanning over 2,000 handwritten/printed receipts simple, convenient, and accurate data extraction effortlessly.

CONS

When using the column filters or a specific date range the filter is not saved.

Reason for choosing Veryfi Receipts OCR & Expenses

Customer Support Simplicity of uploading receipts Accurate data extraction - including handwritten receipts Price/Cost

Vendor Response

Jamie, Thank you so much for the lovely feedback! I have shared it with the team and there were smiles all round. We are grateful for the lovely private note you left. Thank you again for the support! Best, Ernest (cofounder)

Replied February 2020