Veryfi
Document management software
OCR software
Accounting software
Expense management software
Mileage tracking software
Travel & expense software
Data extraction tools
Intelligent document processing (IDP) software
Accounting & finance software
Process automation software
- Features
- Ease of use
- Ease of management
- Quality of support
- Affordability
- Market presence
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$19.99 per active user per month
Free TrialFree version
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What is Veryfi
Veryfi is an intelligent document processing platform focused on extracting structured data from receipts, invoices, and other business documents using OCR and machine-learning-based field capture. It is used by finance, operations, and product teams to automate expense capture, accounts payable workflows, and document-driven data entry in web and mobile applications. The product is commonly delivered via APIs and SDKs so developers can embed capture and extraction into existing systems rather than replacing them.
API-first data extraction
Veryfi provides APIs and mobile/edge capture components designed for embedding receipt and invoice extraction into existing apps and workflows. This approach fits organizations that want to automate document-driven data entry without deploying a full document repository. It also supports programmatic integration patterns that are typical for process automation and finance workflows.
Receipt and invoice focus
The product is oriented around common finance documents such as receipts and invoices, with field-level extraction that supports expense and AP use cases. This specialization can reduce the amount of custom configuration needed compared with general-purpose document management tools. It is particularly relevant for high-volume, small-format documents generated by employee spending.
Developer tooling and SDKs
Veryfi offers SDKs intended to streamline capture, image handling, and extraction from mobile devices and web apps. This can shorten implementation time for teams building expense capture, reimbursement, or bookkeeping features. The developer-centric delivery model can be easier to operationalize than deploying broad enterprise content management suites when the goal is data extraction.
Not a full DMS suite
Veryfi’s core value is extraction and automation rather than end-to-end document management (e.g., complex retention policies, matter-centric filing, or deep content governance). Organizations looking for a centralized repository with extensive collaboration and lifecycle controls may need a separate document management platform. This can add integration and administration work if both are required.
Extraction accuracy varies by input
As with OCR/IDP tools generally, results depend on image quality, document layouts, and edge cases such as handwritten notes or unusual receipt formats. Teams often need validation steps, exception handling, or human review for certain document types and vendors. This can limit straight-through processing rates for heterogeneous document streams.
Finance features may be limited
While it supports expense and accounting-related workflows through extracted data, it is not a complete accounting system with full general ledger, payables, and financial reporting capabilities. Companies may still require separate accounting/ERP and expense management systems for approvals, policy enforcement, and audit workflows. The product’s value is typically strongest when paired with downstream systems via integrations.
Plan & Pricing
Expense Management (tiered / per-seat)
| Plan | Price | Key features & notes |
|---|---|---|
| Free | $0 — limited | Expense Management free plan: 10 scans per month; 6 months document retention; limited web portal access; simple reporting (CSV export only). |
| Paid (Active user) | $19.99 per active user/month (monthly) — $17.50 per active user/month (if billed annually) | Full Expense Management features: OCR receipts, line-item extraction (limited to 10 SKUs per document for the expense app), mobile apps (iOS & Android), QuickBooks & Xero sync, expense reporting, support options; contact sales for enterprise/seat discounts. |
OCR API Platform (usage-based)
Pricing model: Pay-as-you-go (transaction-based) Free tier/trial: Free tier available — process up to 100 documents per month at $0. Starter (pay-as-you-go with minimum): $500/month minimum (covers 6,250 receipts or 3,125 invoices at listed per-document rates). Per-document example costs (Starter): Receipt: $0.08 per receipt; Invoice (with line items): $0.16 per invoice; W-2 / W-9: $0.16 per form. Volume / Enterprise: Volume discounts available for 10k+ and custom pricing for 25,000+ documents/month — contact sales for Growth/Enterprise plans and add-ons (Lens, Fraud Detection, Product Matching, Workflows, Embedded). Add-ons & notes: Embedded, Fraud Detection, Product Intelligence, Document Capture (Lens) and other add-ons available (many by contact/custom pricing). Starter plan offers email support and limited storage; Growth offers unlimited storage, SLA options, SSO, model training, and quarterly reviews.
(Information taken from Veryfi’s official pricing pages and help center.)
Seller details
Veryfi, Inc.
San Mateo, CA, USA
2016
Private
https://www.veryfi.com/
https://x.com/veryfi
https://www.linkedin.com/company/veryfi/
