Veryfi Introduction
Veryfi is an AI-powered OCR and data extraction platform that transforms unstructured documents into structured data in seconds.
View MoreWhat 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.
How does Veryfi work?
Veryfi's technology combines optical character recognition (OCR), computer vision, and machine learning to automatically capture, extract, and categorize data from documents. Its OCR API Platform allows developers to easily integrate document processing capabilities into their applications with just a few lines of code. For mobile apps, Veryfi Lens provides a document capture SDK that enhances image quality and accuracy. The platform is pre-trained on millions of documents, enabling Day 1 Accuracy without human intervention. Extracted data is returned as standardized JSON, which can be seamlessly integrated into existing workflows and systems. Veryfi also offers additional features like vendor enrichment, business ID lookup, fraud detection, and a business rules engine to further enhance and validate the extracted data.
Benefits of Veryfi
By using Veryfi, businesses can dramatically reduce manual data entry, eliminate human error, and automate document processing workflows. This leads to significant time and cost savings, improved accuracy, and the ability to scale operations efficiently. The platform's bank-grade security and compliance with standards like SOC 2 Type 2, GDPR, and HIPAA ensure data privacy and regulatory compliance. Veryfi's solutions enable companies to unlock valuable business insights from their documents, enhance customer experiences, and drive innovation across various use cases from expense management to loyalty programs. With its extensive SDK support and developer-friendly approach, Veryfi allows for rapid integration and deployment, helping businesses bring their data-driven applications to market faster.
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