Veryfi Features
Veryfi is an AI-powered OCR and data extraction platform that transforms unstructured documents into structured data in seconds.
View MoreKey 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
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