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About Veryfi Receipts OCR & Expenses
Modern mobile products for your team to automate bookkeeping, meet statutory tax obligations, and gain real-time business insights.
Saves time with OCR capturing vital info from receipt or invoice. Allowed us to enter the project, job cost codes, etc for job costing when other exp mgmt solutions did not offer job costing options.
They all came in, but the information was lost unfortunately.
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Excellent Support
Comments: I can't say enough how responsive, friendly, and efficient their customer/technical support has been.
Pros:
Not only is the app fantastic, easy to organize and easy to use, but technical support and customer service is A+++! Any issues at all are handled promptly and professionally. It's premium features are also really reasonably priced!
Cons:
The OCR and AI could use some work. I constantly am having to update the vendor due to missing or wrong information. I also had a bit of an issue importing documents from my previous solution. They all came in, but the information was lost unfortunately. It could have been done if Neat would allowed multiple CSV exports of my PDF Files, so it's not really Veryfi's fault. Neat secures you as a customer as if your documents are a prisoner. Veryfi helped free me from them!
Veryfi Response
6 years ago
Matthew, thank you for your detailed review of Veryfi inc. your experience coming onboard from another provider. Love the feedback and ratings you left us. Thank you so much for the ongoing support :-) PS. Check out our referral program https://hub.veryfi.com/referrals/ Best, Ernest (cofounder)
Automated and simple-to-use, compatible with practically everything
Comments: After using it for a couple of years, the only difficulty I had was accurately recording revenue to construct a P&L. My CPA and I had a number of difficulties with the software, and the developers worked with us to fix them. In general, I was encouraged to make the transfer to QuickBooks by my CPA.
Pros:
The quickest and most efficient approach to keep track of your receipts is to scan them as soon as you receive them. Excellent OCR and alignment correction are provided by Veryfi. Taking images and uploading receipts is simple. It was convenient to be able to utilize the spending category names that I desired. If I wanted to monitor a specific customer, for example and figure out how much money I spent on that individual, I could add "tags" to my spreadsheet.
Cons:
Income was inverting figures and not appropriately displaying P&L reporting back when I used it frequently Since then, I believe this bug has been fixed.
Veryfi Response
2 years ago
Thanks for your review! We really appreciate your detailed feedback, and hearing that we were able to work with you to resolve issues with income and P&L reporting. It sounds like perhaps you moved on to QuickBooks, which is a fantastic tool as well. We're here for you if you need to return to using Veryfi! Cheers, The Veryfi Team
Practical but expensive
Pros:
Easy to take pictures of receipts, the software reads well the data on it. Organisation is good.
Cons:
The cost is high for a small business like mine. I am using it for receipt that can be tax deductible as I am self employed. I wish there was a smaller fee for lower usage.
Veryfi Response
2 years ago
Thanks for your review! We appreciate your feedback, and will take it under consideration. Cheers, The Veryfi Team
Alternatives Considered:
A Virtual Assistants review
Comments: I like the product, but the if I can't get joy from the sales department, it makes me wonder about the support when I have a technical problem.
Pros:
Veryfi is easy to use as a bookkeeping tool. Removes hours of manual capturing of documents, which in turn saves my clients who pay by the hour, money.
Cons:
I found trying to speak to someone in sales a problem, the Technical person was quick to assist on Zoom, but he could not assist me with sales, the Live Chat doesn't work if and when you find it.
Veryfi Response
7 months ago
Thank you for your review. We are delighted you enjoy using this product! Please Contact Us for further assistance with sales. We are eager to help you get more value out of Veryfi.
Alternatives Considered:
Superb piece of software
Pros:
The receipt management makes expense tracking no longer feel like a tedious task when reconciling numbers and makes it easy to understand which card expenses came from.
Cons:
I am yet to further explore the product but so far it does what I need it to do
Veryfi Response
2 years ago
Thanks for your review! We appreciate your comments, and are happy to see that our software is making your life and work easier. Cheers, The Veryfi Team
Veryfi review from Theo
Comments: 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.
It is an excellent tool for extracting information from receipts
Comments: My experience was positive; I find it to be an expensive product, and perhaps it could have a more affordable or free interface with fewer monthly documents. It helped me streamline my expense control, especially with supermarket purchases that have many items.
Pros:
Scans documents quite accurately, you can categorize them, reads the date and time of the document, the associated number, and the issuer. It has helped me streamline my expense control process.
Cons:
It lacks support for subcategories; some documents were not understood in the best way. It could recognize an item and assign it a category that was assigned in another document. The web interface needs more development to be more user-friendly
Veryfi Response
7 months ago
Thank you for your review. We are delighted you enjoy using this product! Please Contact Us if you need any further assistance, and thanks for subscribing.
Great product
Pros:
After testing over 60 different product, this one was by far the best
Cons:
The trial was too short but we ended up subscribing
Veryfi Response
7 months ago
Thank you for your review. We are delighted you enjoy using this product! Please Contact Us if you need any further assistance, and thanks for subscribing.
Fantastic
Pros:
Exactly what I needed for managing and logging paper receipts
Cons:
Occasionally on those that are faded it can be hard to read, but at no fault of the app.
Veryfi Response
4 months ago
Thank you for enjoying our product! Reach out for support whenever you need!
Great OCR/AI capoabilities
Comments: Fantastic so far. The AI accuracy when extracting information is far superior to many others I have tried.
Pros:
I have a small business and receipt entry is a PITA. I have tried several OCR apps and Veryfi was by far the fastest, most accurate, and thorough when extracting information.
Cons:
It would be great if one could select multiple receipts/expenses and sum up the total to match a bank transaction when doing reconciliations.
Was skeptical at first; now convinced it's the best receipts / expense manager for small business
Comments: My overall experience with Veryfi has exceeded expectations. As a small business owner with invoices and receipts of all different shapes and sizes, I was quite impressed by how quick and accurate the OCR software was in Veryfi. I was originally skeptical of using Veryfi as it wasn't a proven name in the industry like Expensify, however I am glad I made the choice to use Veryfi as it's far better than its competitors for my purposes.
Pros:
The software is highly intuitive and easy to learn. The process of uploading receipts, editing previous entries, or changing a vendor name, follows a familiar flow nearly all smartphone users will feel accustomed to. What I enjoyed the most about Veryfi are the certain features I never had on my list of requirements (or thought to be important) in an expense manager but turns out to be extremely helpful. For example, extracting the vendor address from a receipt is something I thought of as a "nice to have" but not a requirement. Now this feature is something I can't live without as it helps automate my purchases based on the proximity to my business. This is helpful for large chains and big box stores with many locations, I can now split out personal and business expenses far more easily. This is what distinguishes good software from great software. Good software completes a task in a way you wanted it to; great software completes the job in a better way than what you had in mind, and that's what Veryfi does with receipts.
Cons:
Not sure if this is Veryfi's issue, however the integration with QuickBooks online can be improved. I never get the confidence of whether a receipt has been uploaded and matched on QB, aside from the green QB logo being red. If there was a better way to bulk manage expenses and how it's uploaded into QB, and what it's QB status is (ie. matched, no match, amounts not matching, etc) that would be helpful.
Veryfi Response
6 years ago
Jason, thank you for your feedback! I'd love to understand what we can do more to improve QBO experience for you. Please reach out to us on [email protected] so we can connect for a quick phone call and improve your QBO experience :-) Ernest
Alternatives Considered:
Has made my accounting life 100% easier
Comments: Best OCR easiest entry customizable reports secure interaction (machine only) can run it all from my cellphone has made my accounting so much easier no more dread.
Pros:
I use to dread the hours spent with a huge pile of receipts trying to enter them into software and then fixing all the mistakes that the OCR made this software helps me to do all my accounting from my cellphone as I go and at the end of the month I just generate a report so simple and easy and far more accurate than anything I have ever used plus the security I didn’t want my accounting and receipts left unsecured and they have the best security.
Cons:
Some of the merchant names make multiple names for the same merchant you can fix it by hand but is time consuming.
Veryfi Response
3 years ago
Joseph, I love this detailed feedback! Thank you so much for your support. Best, Ernest (cofounder)
Fantastic software, desire personal version
Comments: Overall a fantastic experience. I hope that they will include a personal finance option. I know that they will continue to improve the OCR with each update to the mobile software.
Pros:
I love this software, it is fantastic with keeping up with receipts, the software pulls most if not all of the information off the receipt automatically, which is a great feature. The overall OCR function works great, and it works great for tracking certain transaction categories to keep an eye on spending. It’s been great to use for reimbursement itemization while I was interviewing.
Cons:
Their OCR could be slightly improved as I’ve had issues with the camera recognizing the receipt for more than a second, cycling through shapes and having issues with taking a photo and having it select a shape other than the one in the last cycle. I also wish that they had a personal finance option as I would love to manage my own finances without some of the selections or details of a company.
Veryfi Response
5 years ago
Hi Aidan, Thank you for the great review and awesome feedback! Since you posted this we have dramatically improved the OCR. Hope you noticed it with every scan of a receipt. Regarding a personal option - you can add up to 3 profiles (accounts) per subscription. So your 2nd one can be personal and then used in a different way than your business account. Recently we also launched a bunch of new videos on Veryfi features and how to turn things on and off. Hope this helps => https://www.youtube.com/playlist?list=PLkA-lFc8JUY5WXYFxFrHTvzFybcCR918r Best, Ernest (cofounder)
Easiest and fastest way I've seen yet for my team to enter receipts
Comments: Saves time attaching receipts to Quickbooks Online software. Hoping for better receipt recovery with this app.
Pros:
Prior to trying Veryfi, I was scanning and attaching all paper receipts to Quickbooks Online after team members piled them on my desk after a week of being on the road. Now team members can quickly snap a photo of the receipt, choose the expense category and customer and within 10 seconds it has arrived in my Quickbooks Online. I was worried that Quickbooks would duplicate the entries, but it doesn't. Quickbooks recognizes the entries and matches them up from the bank feeds seamlessly. We tried Expensify last year and it just wasn't quite what we needed and team members thought it was too complicated. Veryfi is simple. From my desktop or the mobile app, I can create jobs and customers, edit expense categories, send text messages to team members (WHAT?? Yassss!) Track mileage. I'm still discovering many of the features that are available. Time tracking - We currently use T-Sheets, so not sure if we will switch or not. Maybe. So far I'm really loving it!
Cons:
The price is going to be our only negative so far. Would like the whole team to be able to use it, but not sure if it would be cost effective.
For capturing receipts, head and shoulders above everything out there so far.
Pros:
The receipt capture is by far the most compelling feature this app offers. Not having to wait 24 hours to have my receipts captured (ReceiptHog lol) is a huge deal. It's instant with this app. Another huge plus is that my receipts aren't being sent to some offshore sweatshop exposing my data to god knows who? (Expensify which I used previously) These guys are using AI, which is cool, machines aren't going to sell my data or do anything nefarious. The other pro for us is that it integrates with our existing accounting software, it was an easy sell to us.
Cons:
The app looks a little ugly ? Maybe that's just the nature of boring accounting software but it's a minor quibble.
Veryfi Response
7 years ago
Awesome! Thanks for the feedback. Yap an ugly duckling :P which product do you think needs UI love - android, ios or web? ~ Ernest (founder)
Best app I have every used. It went above and beyond the competition.
Comments: Tracking all your finances is super easy now. As well as budgeting. I plan on starting a business in the next year and I'm sure this will be a huge help.
Pros:
There's so much about it I love it's hard to say. I love that they worked hard to get it fully certified across the board. I love the budget section. I love how you can backup all your information for free without having to pay a monthly fee. I love to user interface.
Cons:
Honestly I can't think of anything I don't like. I do hope that they continue building on what they already have but to be honest I can't even imagine what they would do.
I was searching for the correct. app to use and tried quite a few, but this is the best
Comments:
I have only just started using it. After my 1:1 with Dimitri yesterday it all became quite clear. It is sorting out the economic side of my life very nicely.
Right now I am using this for my personal use and now that I understand it more I will also include my rental properties (all long term).
Pros:
The ease of use and the support which is more than I would have expected. I took the advantage of the 1/1 support to go through how to use the app, and that made everything crystal clear. Other than that, any time that you have a question, you just type it in and you immediately get a response. All receipts are very easily captured by your phone, and hey presto! is immediately added to the app unlike other apps that take a lot longer.
Cons:
There is nothing I dislike about this software. If there is anything I found it a bit harder to find than all the other apps that are similar. I wish Verifi would come up first. I can also use it on my phone, my iPad and computer and it syncs seamlessly with all. Veryfi need to be on top of the list of apps. It also works with all the other apps as well.
Best receipt software out there
Comments: Saved me so much Time!
Pros:
I love the receipt tracking feature so much. It has saved me so many days of tax preparation. My favorite is the ability to tag everything as a schedul C expense and have all the receipts total with the click of a button.
Cons:
I wish the interface was slightly more user-friendly. It has improved - I’ve been using it since it was OneReceipt.
Veryfi Response
3 years ago
Brigid, Thank you for your feedback and support! I'd love to hear what we could improve on the user-friendly side. Is it a mobile or web app and which parts. Please let us know at [email protected] so we can make these changes for the better :-) Best, Ernest
Excellent receipt management
Pros:
Love being able to track and place receipts for each job and tracking the spending. Gives us time to do other important tasks instead of having to go through hundreds of receipts
Cons:
I wish the users were able to add their own specific jobs to the app. They have to wait for an admin to add it in
Veryfi Response
3 years ago
Rich, Thank you for your feedback and support! I'd love to hear more about your need to allow users to add specific jobs to the app. Can you please reach out to [email protected] and mention this post so we can make this work for you? Cheers, Ernest (cofounder)
Eager To Please, Stellar Support
Pros:
How easy and fast it is to capture receipts before they are lost
Cons:
Sometimes updates and feature might come too fast
Veryfi Response
6 years ago
Thank you for your review and feedback! :-)
The customer service is excellent! If you have any confusion, there is always help available!
Pros:
It has all the features that I require and it looks very professional. Again, the customer service is amazing!
Cons:
I found the learning curve was a little much, but any confusion was due to my own negligence. If you put the time in, the results will be there.
Best Expense Capture App
Comments: We recently in-sourced the accounting and HR/Payroll function which was previously outsourced. I am in the process of reviewing and recommending the most efficient way of capturing reimbursable expenses without having to increase overheads by employing an extra staff member. So far Verifi is far ahead :)
Pros:
The ease of use and the speed at which the captured slips are processed and a report generated is astounding. I am also impressed with the accuracy of the captured data.
Cons:
I struggled, and I am still struggling to connect this app with my Sage Cloud Accounting Solution.
Veryfi Response
5 years ago
Neo, Thank you for the feedback and lovely review of Veryfi. I've shared it with the team and they love it and would love to help out with the Sage integration. Please reach out on [email protected] and ATT it to Rusty/myself (Ernest). Best, Ernest (Veryfi cofounder)
Use it for 6 months and save my time on tax preparation. Well done, guys.
Pros:
Because it categorizes and transfer to Excel and other formats. So instead of collect each receipt and keep it physically and spend a half day before Tax day, you can just open Excel and everything is ready for your Tax preparer person.
Veryfi Response
7 years ago
Thank you for your support Nick! Great review & feedback.
Super easy and....
Comments: So far so excellent. One minor tweak as mentioned above is my only ask.
Pros:
Great app, very quick in getting all the data scanned and loaded. Able to tag customers, get reports and organize by category. Really easy to use and great value.
Cons:
Adding jobs/customers is a bit of a tad as oppose to having the option to select while uploading.
Veryfi Response
5 years ago
Michael, thank you for your lovely feedback and ratings. Veryfi mobile app now has the ability to add jobs/customers during scan/upload (Veryfi Lens). Just enable it inside the settings of Veryfi Lens. Instructions how to access Veryfi Lens settings => https://faq.veryfi.com/en/articles/3082242-veryfi-lens-explained Best, Ernest (cofounder)
The easiest way to save receipts!
Comments:
I use IQ BOXY for both personal and business, I started with the free subscription and after trying it out for a couple of weeks I decided to get the paid subscription.
Their customer service is outstanding, emails are answered in less than 24 hours.
Extremely helpful, looking to improve and add other features all the time.
It is easy to use and a very clean looking app.
Pros:
Easy to use, very responsive customer service. Modestly priced.
Cons:
Their web version needs some improvements which they are working on.
Veryfi Response
7 years ago
Marie, thank you so much for your lovely feedback and support! Much appreciated. PS. IQBoxy has a new name! VERYFI ~ Read the announcement => https://www.veryfi.com/news/iqboxy-is-now-veryfi/ Best, Ernest (cofounder)