Last Updated
Overview
Veryfi turns receipts, invoices, checks, and bank statements into automated expense tracking and fraud-protected workflows. While the admin panel lacks multi-language support, its Document AI and multi-modal APIs deliver enterprise-grade extraction in minutes via SDKs or APIs.
Veryfi Specifications
- Invoice Management
- Expense Tracking
- Billing and Invoicing
- Financial Reporting
What Is Veryfi?
Veryfi is a cloud-based document intelligence platform that automates the capture and processing of business documents. The software offers features such as Accounts Payable, BillPay, Expense Management, Insurance Claims, and KYC & KYB. It helps teams and developers convert receipts, invoices, checks, and identity documents into structured, actionable data.
Veryfi accelerates workflows and reduces manual data entry, making it ideal for fintechs, enterprises, and organizations managing high volumes of transactional documents.
How Much Does Veryfi Cost?
Veryfi pricing starts at $500+/month for its Starter plan. It also offers two additional plans listed below:
- Free - $0
- Growth - Custom pricing
The software also offers a free 14-day trial as well.
In addition to the Veryfi pricing plans, extra costs may apply and can vary based on document processing volume, AI extraction features used, API call usage, data retention requirements, and optional capabilities such as advanced fraud detection, integrations, and enterprise support, generally aligning with industry standard ranges for intelligent document processing platforms.
- High-volume document processing: $0.05–$0.10/additional document - Lower per-document rates often apply as monthly processing volumes increase
- Advanced data extraction and AI models: $200–$1,500/month - Enhanced capabilities such as line-item extraction, document classification, or specialized models for invoices, bank statements, or IDs
- Enterprise security, compliance and support: $500–$3,000+/year - Includes SLA-backed support, extended data retention, compliance features, and priority assistance
Disclaimer: The pricing is subject to change.
Veryfi Integrations
The software integrates with the following third-party applications, including:
Who Is Veryfi For?
Veryfi software serves a wide range of industries, including:
- Accountants
- Banking
- Construction
- CPG and FMCG
- Fintech
- Healthcare
- Real estate
Is Veryfi Right For You?
Are you looking for a secure, scalable platform that accelerates document processing while reducing manual work and compliance risk? Veryfi solves pain points such as slow accounts payable workflows and error-prone compliance checks by delivering automated data extraction at scale.
Veryfi offers SOC 2 Type II certification with support for GDPR, HIPAA, and CCPA, ensuring your data handling meets modern privacy and security standards.
Still not sure if Veryfi is right for you? Contact our customer support team at (661) 384‑7070, who will help you make the best decision.
Veryfi Features
Accounts Payable
Veryfi automates accounts payable by capturing and extracting invoice and purchase order data instantly. This reduces manual entry, minimizes errors, accelerates vendor payments, and streamlines your entire AP workflow. Teams can scale processing, improve compliance, and focus on strategic financial tasks rather than repetitive data entry.
BillPay Automation
The software transforms billpay workflows by capturing and extracting invoice and payment data instantly. This automation reduces manual processing, prevents invoice fraud, accelerates payments, and ensures compliance. Organizations can scale operations, improve accuracy, and provide users with a seamless, efficient billing experience across multiple currencies and vendors.
Expense Management
Veryfi streamlines expense management by capturing receipts, bank statements, and travel documents instantly. Automated data extraction reduces manual entry, enforces policy compliance, accelerates reconciliation, and improves accuracy. Teams gain real-time visibility into spending, minimize errors, and deliver a seamless, efficient expense workflow for employees and finance departments.
Insurance Claims
The software automates insurance claim processing by capturing and extracting policy, coverage, and claim documents instantly. This reduces manual data entry, accelerates approvals, prevents fraud, and ensures regulatory compliance. Agencies gain faster claim turnaround, improved accuracy, and a seamless experience for customers across health, auto, pet, and property insurance.
KYC & KYB
Veryfi features KYC and KYB that automate identity and business verification by extracting data from personal IDs, passports, and corporate documents. This reduces manual compliance workflows, accelerates onboarding, ensures AML and regulatory adherence, and scales effortlessly, providing financial institutions and enterprises with fast, secure, and reliable verification processes.
Loyalty Programs
Using Veryfi Embedded™ you can build a comprehensive loyalty platform that seamlessly integrates receipt validation and fraud protection into a self-service no-code solution. Launch sophisticated, real-time customer loyalty programs in minutes—not months—leveraging both zero-party and first-party data without requiring development resources. Powered by Veryfi's AI technology, it delivers enterprise-grade loyalty capabilities with unmatched speed and simplicity.
Pros And Cons of Veryfi
Pros
Reduces manual data entry, saving significant time
Delivers highly accurate OCR and data extraction
Streamlines accounts payable and invoice workflows efficiently
Cons
Receipt scanning could be faster and smoother
Limited multi-currency support for global operations
Veryfi Reviews
Total 10 reviews
4.5
All reviews are from verified customers
Rating Distribution
5
Stars60%
4
Stars30%
3
Stars10%
2
Stars0%
1
Stars0%
Share your experience
Ailen S.
Computer Software, 1-10 employees
More than a year
“Clean app with regex and json functionality”
Pros
The whole user experience is just great. The app looks really clean with big readable fonts and colors that are soft on the eyes. Dark Mode is excellent and honestly vital when you're staring at it for long stretches. The Rules feature with Regular Expressions is super useful for grabbing data the OCR might miss. And the JSON tab is beautifully simple, the color palette makes it easy to see all your data at a glance.
Cons
My experience has been really good honestly. Just some thoughts on how it could get even better. The loading speed when I'm searching for a specific ID and trying to open documents could definitely be faster. The native OCR needs to be more precise so I don't have to keep going back to fix things manually. And just generally searching and moving between files feels a little slow.
Rating Distribution
Ease of use
10
Value for money
8
Customer Support
8
Functionality
8
Ramin K.
Program Development, 1-10 employees
Less than 6 months
“automated data entry saves time”
Pros
Having this whole data entry process automated saves so much time it's ridiculous. Frees up resources that me and my business would otherwise waste on manual entry which is such a tedious drag and so easy to mess up. Just snap a photo of a document and boom, all the relevant data including every single line item gets extracted almost instantly. That's the kind of thing that keeps coming up in reviews and for good reason.
Cons
Everything is actually great. The processing, the security, the prices and the customer support is excellent. I'm completely happy with it.
Rating Distribution
Ease of use
10
Value for money
10
Customer Support
10
Functionality
10
Paul H.
Public Relations and Communications, 1-10 employees
Free trial
“Perfect for small business”
Pros
It is super easy to use. I'll be straight with you I haven't even touched all the features yet but for what I need as a small business owner it looks absolutely perfect.
Cons
Nothing yet. It looks exactly like what I needed. Really easy to use and being able to sort different expenses into categories makes end of month reporting so simple.
Rating Distribution
Ease of use
10
Value for money
10
Customer Support
10
Functionality
10
Frequently Asked Questions
What types of pricing plans does Veryfi offer?
Veryfi pricing starts at $500+/month for its Starter plan, with additional Free and Growth (custom-priced) tiers. Request a custom Veryfi price quotation.
What other apps does Veryfi integrate with?
Veryfi integrates with Slack software, Box, Rippling, QuickBooks, Zapier software, Google Drive, and Xero accounting solution.
Who are the typical users of Veryfi?
Veryfi serves industries including accountants, banking, construction, CPG and FMCG, fintech, healthcare, and real estate.
What languages and currencies does Veryfi support?
Veryfi supports 91+ currencies and 40+ languages.
How accurate is Veryfi's AI-powered data extraction tool?
Veryfi’s AI-powered extraction achieves over 98% accuracy on most document types.