Veryfi Receipts OCR & Expenses Reviews

I like the ability to integrate credit cards. Not only from the 4-5 largest banks but from hundreds of banks. This is not seen from competitors. For example, I have a Amazon Visa but also have an Amazon Store Credit card (no visa/mastercard). I also have a best buy store credit card (again only good at that business. I was floored to see that Veryfi integrated with these too!

So far, I am a couple of months last the 30 day free trial. Other than using the software have not taken the time to really customize it to my business and automate to.many tasks. No complaints this far and I hope that will stay the same.

Love it! Thank you David for your lovely feedback. btw, we have volume discounts if your employees want access as well :-)

The OCR feature for capturing and organizing receipts is incredibly accurate. I love that it saves me so much time over manually entering all my expenses!

At $15 per month, it was almost more than I was willing to pay as a small business owner. However, I think it makes up for the price in the amount of time it saves me.

Accuracy in reading receipts.

Integration steps (which may not really be unique to this software).

Jake, thank you for your great feedback and support. We now have web app tool for accountants & bookkeepers to manage your clients from the 1 place. Check it out => https://www.veryfi.com/accounting-practice-management/ PS. IQBoxy has a new name! VERYFI ~ Read the announcement => https://www.veryfi.com/news/iqboxy-is-now-veryfi/ Best, Ernest (cofounder)

This software makes financial administration so much easier and less time consuming. It is a pleasure to us and this powerful technology will make your life a lot easier and give you your time back.

There were not really any cons but it would be good to have a folder system for supplier monthly account receivable statements that can be forwarded by email directly to them if that function is not already available.

Thank you so much for the lovely feedback Justin! ~ Ernest

Ease of use. Out of the box solution. Implementation is extremely simple. User friendly. Our CPA firm is overjoyed! They continue to evaluate Veryfi expense management and other product offerings.

The 300 receipt limitation is bothersome for new users, but I understand Veryfi rationale.

Coy, great feedback! Thank you so much. Re unlimited data extraction, check out the Veryfi OCR API which has no limits using per scan model. All the best! Rusty

Veryfi’s Intelligent OCR (Optical character recognition) made scanning over 2,000 handwritten/printed receipts simple, convenient, and accurate data extraction effortlessly.

When using the column filters or a specific date range the filter is not saved.

Jamie, Thank you so much for the lovely feedback! I have shared it with the team and there were smiles all round. We are grateful for the lovely private note you left. Thank you again for the support! Best, Ernest (cofounder)

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!

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!

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)

Cost, ability to hold backup files in Dropbox or Google Drive. Instant review and verification,

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.

We needed a tool that would eliminate wasted time spend scanning and catagorizing receipts. Does exactly that.

Price is a little on the high side, maybe we need to dig deeper into functionality.

Brian, Thank you for your positive feedback and support. ps. don't forget to schedule a free 1:1 training session with us => https://www.veryfi.com/schedule-complimentary-demo/

Fast. Accurate. Easy. Straight forward application.

The long receipt function may need a little more work. It took four hours of practice to scan one receipt.

Ronni, thank you for the nice feedback! Re the long receipt, it has came a long way since Nov 2020. Give it a spin and let us know what you think :-) // Rusty

Very easy to use. It saves me a lot of time especially when i am on the road. The scanning or recipts is right most of the time and its great how it links into my accounting package and bank feeds. It also "guesses" what the accounting classification should be. I travel overseas a lot so the multi currency ability of verify is also fantastic. Saves me trying to work out what the conversion rates should...

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Which the OCR and allocation of expenses to my expenses ledgers is good it could still be better.I am sure thats something the verify team are working on. Also when I sign up (which was quite a while ago) It took me some time to work out how to use the product, but when I did I was away. I believe they now offer 1 to 1 training online which is great, but I think they should also add some more "how to" video's to help new users get up to speed quicker.

Dan, Thank you so much for a detailed review. Love it! I totally agree on more help videos. The product is getting complex and we are constantly looking at ways to simplify. Saying that we just released our 1st onboarding checklist video https://www.youtube.com/watch?v=E_T-rRK0dzE and more are coming this week on our youtube channel https://www.youtube.com/channel/UC15iI-2ujjOOQsit1To-IJA

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...

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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.

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 support@veryfi.com so we can connect for a quick phone call and improve your QBO experience :-) Ernest

By far the best feature of this solution is the ability to track expenses and organize them for ease of use later. I have never felt so organized then when I started using this product! As a business owner of three different companies, Veryfi not only allows me to utilize this solution for one, but ALL of my businesses in one easy to navigate experience via my web browser either at the office or on the go! With the mobile applications available to not only Apple iOS but also Android, I am SO glad that I decided to use Veryfi for my expense tracking needs!

If it weren't for my AMAZING tech-guru guy I think this solution at first is a little complicated, but it literally only took one *focused* afternoon to learn the ins and out, and I now have the hang of how to enter data in and hardly ever need to ask for assistance! The best advice I can give is that the information is overwhelming at first, so if you cannot take the one-on-one FREE on-boarding consultation meeting they give you, PLEASE find someone in your team that you trust to take it. YOU WON'T BE SORRY (and its only about 30 minute of time)!!!

Thank you Pika for your lovely review and suggestion for the free onboarding consultation. We are working on improving the onboarding experience. Yesterday we launched our 1st onboarding video https://www.youtube.com/watch?v=E_T-rRK0dzE and more videos are coming to our youtube channel. PS. Check out our new referral program https://hub.veryfi.com/referrals/ Best, Ernest (cofounder)

The app has a very easy interface and is very fast. When you need to scan a receipt, is just one click to open the app e other to click on the camera icon! The AI take car to get all data correctly about the vendor, values and taxes. I tested a lot of apps and Veryfi is the best in document recognition for receipts. and I almost forgot the great feature that I already use in other apps for travelling that is to directly send the receipts to my @veryfi account. Thank you Veryfi team.

This is not a con but a new feature that can help a lot. I really need to export all documents to sent to my tax consultant and it will be very easy if we have this option to select when we create the expense reports, like on option (x) include document images as a zip file. And the other thing, of course, is the name! I always try or write the correct one "Verify". Here is my suggestion for this one ... Just get this domain "http://verify.io/", add AI, Blockchain and ML to the project, do and ICO... and be very rich!

Thank you for your detailed review and support! Helps us improve the product to meet our customer needs. Regarding the export data as zip/reports/csv.. we have all that. It's outlined here https://www.veryfi.com/howto/expense-reporting/ but please feel free to email us support@veryfi.com if you need help finding something etc... Thank you again for the feedback! Best, Ernest (cofounder)

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.

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.

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)

As a small business owner, I LOVE that my receipts are digitally captured, categorized, optionally tagged & saved in my cloud storage... all on the go! No more piles of receipts! Makes tax time a breeze!

Honestly, nothing. Every update just improves the app, and they seem to really listen to their users’ suggestions for improvements and additional features.

Love it love it love it! Thank you so much for the nice feedback and ongoing support.

Multiple ways to easily input expenses: snap a photo with your phone, drag & drop via the web interface, or forward receipts by email to a dedicated email address. Also have the ability to connect Dropbox (among other third party apps) so that all my receipts are instantly backed up to a designated DB folder. I've tried several apps out there to track both personal and business expenses, and VeryFi is my favorite to date, by far. Really excellent stuff. The customer support staff have also been very helpful when needed. Keep it up, guys!

While I'm sure some things could always be enhanced, nothing comes to mind that I would call a "dislike." So long as the team continues to tweak, update, and listen to their customers, they'll be just fine.

Ori, love your feedback! Thank you so much for the ongoing support. Best, Ernest

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....

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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.

easy and quick to use, accurately pulls expenses into Quickbooks and allows for multiple companies.

I haven't found anything yet that I don't like about the software

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.

The app looks a little ugly ? Maybe that's just the nature of boring accounting software but it's a minor quibble.

Awesome! Thanks for the feedback. Yap an ugly duckling :P which product do you think needs UI love - android, ios or web? ~ Ernest (founder)

The receipt counter and organizer. It makes life easy! It made bookkeeping actually fun! I look forward to it now. I get real-time data like a real-time video game. It's awesome!

Cannt say just yet because I still have to use it fully. I just hope setting up a time sheet for my guys is as easy as the rest of the app.

Jacques, thank you for your feedback and your experience so far with Veryfi. Love it! PS. Please send any feedback where we can improve to support@veryfi.com so we can make sure it ends up in future builds. Best, Ernest (cofounder)

The best thing is the on-boarding one on one demo available, and the responsiveness of the support folk. I was tearing my hair out entering all my receipts each Quarter the manual way. Veryfi allowed me to get through what was several nights worth of work, in just under an hour. It is all cloud, but does save a copy of all receipts back to your DropBox. Lots of interaction between Xero, Dropbox, and...

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There were few UI glitches and weird workflow choices, but the team have been very responsive and fixed up most of them within a few days of me bringing them to their attention.

Veryfi is so easy to use for receipt collection - just snap a pic in the app or forward an email receipt and it's in Veryf and your connected apps within seconds, very impressive turnaround time. I love that it will automatically match up my business receipts with my transactions in Quickbooks, bookkeeping is a breeze. And I especially enjoy that I no longer have to hang on to stacks of paper receipts anymore!

Occasionally the software will parse the receipt information incorrectly, or part of an email receipt will get cut off when it's reformatted. Most of the time it's pretty good though. I also would like to see more user-friendly/visually appealing reports, that's the main reason I haven't switched over entirely from Mint for my personal finances.

First and foremost, the real time (almost) processing of data. Unlike other services (and I have used/tried most every one), the machine learning excels at a VERY quick turn around. Second, the accuracy of the product is OUTSTANDING! Third, Integration to other platforms, though VERY, VERY GOOD shows errors at times. Likely I caused these errors, but could be a little better. Lastly, the customer service has been great

As a newcomer to the market, I believe it needs a little more options, especially with reports. I realize that each of us users have different needs, thus it would be nice to have some better filters, etc when sifting through the data. I am coming from a competing product, and though I asked for an import, it is still a work in progress. CAVEAT here, I am importing data going back to 2014 as I want all my data stored in one place - at this is the BEST place for it!

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.

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.