Veryfi

What is Veryfi AI

Veryfi AI is a document intelligence platform that uses OCR and machine learning to convert unstructured documents into structured, actionable data in real time. With developer-ready OCR APIs and mobile capture SDKs, it accurately extracts key fields and line items from invoices, bills, receipts, purchase orders, and checks. Designed for accounts payable automation, bill pay, expense management, and CPG loyalty programs, Veryfi helps teams reduce manual data entry, improve cycle times, and maintain enterprise-grade privacy and accuracy across industries like banking, construction, fintech, healthcare, and real estate.

Main Features of Veryfi AI

• OCR + ML Data Extraction: Real-time extraction of headers, totals, taxes, line items, vendors, and payment details from invoices, receipts, and POs.
• Developer-Friendly APIs: RESTful OCR APIs with JSON outputs for easy integration into ERP, AP, and expense systems.
• Mobile Capture SDKs: iOS and Android SDKs for on-device document capture with guided framing and auto-crop to improve image quality.
• Wide Document Coverage: Supports invoices, bills, receipts, purchase orders, checks, and similar unstructured business documents.
• Real-Time Processing: Low-latency processing for time-sensitive workflows like bill pay, loyalty validation, and point-of-sale receipt capture.
• Enterprise-Grade Privacy: Built with strong privacy controls and data protection for regulated industries.
• Normalization and Validation: Standardized field mapping, currency/locale handling, and confidence scores to streamline downstream automation.
• Scalable Architecture: Handles production volumes and bursty workloads without sacrificing accuracy.

Who Can Use Veryfi AI

Veryfi AI suits finance and operations teams, developers, and product managers who need reliable invoice OCR and receipt data extraction. Common users include accounts payable teams, expense management providers, fintech apps, CPG brands running receipt-based loyalty programs, construction firms processing vendor bills, healthcare organizations managing reimbursements, and real estate companies capturing invoices for property operations.

How to Use Veryfi AI

1. Sign up and obtain API credentials from the Veryfi dashboard.
2. Integrate the OCR API into your backend or use the mobile SDKs in your iOS/Android apps for document capture.
3. Capture or upload documents (invoices, receipts, POs, checks) via API or SDK with recommended image quality settings.
4. Send documents to the extraction endpoint and receive structured JSON with fields and line items.
5. Validate key fields, apply business rules, and route data into your ERP, AP automation, expense platform, or data warehouse.
6. Monitor performance, map fields to your schema, and scale usage as document volumes grow.

Veryfi AI Use Cases

- Accounts Payable Automation: Capture vendor invoices and extract line items for 2/3-way matching and faster approval cycles.
- Expense Management: Turn receipts into categorized transactions for policy checks and reimbursement.
- Bill Pay Workflows: Enable real-time bill capture and payment initiation in banking and fintech apps.
- CPG Loyalty Programs: Validate purchase details from receipts to power promotions and rewards.
- Field Operations: Construction and real estate teams digitize bills and POs from the job site for timely cost control.
- Healthcare and Insurance: Streamline intake of bills and receipts for audits, compliance, and claims-related processes.

Veryfi AI Pricing

Veryfi typically offers usage-based pricing that scales with document volume, API calls, and SDK usage, with options for enterprise features and SLAs. Plans and packages may vary by use case and scale. For current pricing, available tiers, and any trials or demos, consult the official Veryfi website or contact sales for a tailored quote.

Pros and Cons of Veryfi AI

FAQs about Veryfi AI

• Does Veryfi support line-item extraction from invoices and receipts?

  Yes. Its OCR + ML engine extracts header fields and detailed line items for downstream automation.

• Can I use Veryfi on mobile?

  Yes. Mobile SDKs for iOS and Android enable guided document capture and seamless API submission.

• Which industries is Veryfi designed for?

  It serves banking, construction, fintech, healthcare, real estate, and CPG loyalty programs, among others.

• What output format does the API return?

  The API returns structured JSON with standardized fields and confidence scores for integration.

• Is manual review required?

  Veryfi provides high-accuracy automated extraction; teams can add optional validation rules based on risk and compliance needs.