Veryfi
Veryfi is an AI-powered OCR and data extraction platform that transforms unstructured documents into structured data in seconds.
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https://veryfi.com/
Product Information
Updated:09/09/2024
What is Veryfi
Veryfi is a leading provider of OCR APIs and document capture SDKs for mobile and web applications. It offers fast, accurate, and secure AI-driven data extraction solutions that instantly transform documents like receipts, invoices, purchase orders, checks, W2s and other business documents into valuable structured data. Founded in 2017 and headquartered in Silicon Valley, Veryfi aims to eliminate manual data entry and liberate human potential by making data readily available and actionable across various industries including fintech, CPG loyalty programs, insurance, and accounts payable automation.
Key Features of Veryfi
Veryfi is an AI-powered document capture and data extraction platform that provides fast, accurate, and secure OCR APIs and mobile SDKs for processing various types of documents including receipts, invoices, W-2s, and more. It offers automated data entry, fraud detection, and integration capabilities to streamline financial processes and unlock business insights across industries.
AI-Driven OCR API: Extracts data from documents with high accuracy using advanced AI and machine learning technologies.
Mobile Capture Framework: Provides SDKs for easy integration of document scanning capabilities into mobile apps.
Fraud Detection: Automatically flags potential fraud in receipts and invoices using proprietary technology.
Multi-Document Support: Processes various document types including receipts, invoices, W-2s, checks, and more.
Security Compliance: SOC2 Type2 certified and compliant with GDPR, HIPAA, CCPA and ITAR standards.
Use Cases of Veryfi
Expense Management: Automate receipt capture and data extraction for streamlined expense reporting and reimbursement processes.
Accounts Payable Automation: Extract data from invoices to automate AP workflows and integrate with existing ERP systems.
CPG Loyalty Programs: Capture and validate receipts in real-time for instant rewards in consumer loyalty apps.
Insurance Claims Processing: Automate data extraction from claim forms and supporting documents to accelerate claims processing.
Financial Document Digitization: Convert paper documents like W-2s, W-9s, and bank statements into structured digital data.
Pros
High accuracy and speed in data extraction
Extensive document type support
Strong security and compliance certifications
Easy integration with multiple SDKs and APIs
Cons
May require customization for specific use cases
Pricing can be high for large-scale implementations
How to Use Veryfi
Create a free account: Sign up for a free 14-day trial on the Veryfi website. No credit card is required.
Choose your integration method: Decide whether to use the OCR API Platform or the Mobile Capture Framework, depending on your needs.
Get API credentials: Once your account is created, obtain your API key from the Veryfi dashboard.
Install SDK: Install the Veryfi SDK for your preferred programming language (e.g. Python, Node.js, etc.).
Initialize the client: Use your API key to initialize the Veryfi client in your code.
Upload document: Use the SDK to upload the document you want to process (e.g. receipt, invoice, etc.).
Parse document: Call the appropriate parsing method to extract data from the uploaded document.
Access extracted data: Retrieve and use the structured data returned by the Veryfi API in your application.
Implement additional features: Explore other Veryfi capabilities like fraud detection, product matching, or business rules engine as needed.
Monitor usage: Keep track of your API usage through the Veryfi dashboard and upgrade your plan if necessary.
Veryfi FAQs
Veryfi is a company that provides OCR (Optical Character Recognition) APIs and document capture SDKs for mobile and web applications. Their technology allows for fast, accurate, and secure data extraction from various types of documents like receipts, invoices, W-2s, checks, and more.
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Analytics of Veryfi Website
Veryfi Traffic & Rankings
60.2K
Monthly Visits
#544886
Global Rank
#337
Category Rank
Traffic Trends: Jun 2024-Aug 2024
Veryfi User Insights
00:02:03
Avg. Visit DTabsNavuration
2.84
Pages Per Visit
41.31%
User Bounce Rate
Top Regions of Veryfi
IN: 13.16%
US: 13.02%
GB: 5.72%
CA: 5.45%
AU: 4.11%
Others: 58.53%
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