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.
Overall Rating
Based on 70 users reviews
4.5
Rating Distribution
Positive
90%
Neutral
10%
Negative
0%
Starting Price
$500
/month
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
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.
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.
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.
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.
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.
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.
Top Recommended Software
