About Veryfi OCR API & SDK
Veryfi OCR API & SDK turns unstructured data, such as receipts, bills, invoices, and other documents, into structured data (with line items) in seconds using machine-based data extraction. The platform offers features including a drag and drop processor, document inbox, data export, and more. The Veryfi technology is ready to use out-of-the-box and requires no training, no humans in the loop, and no templates. All documents are processed in real-time using Veryfis pre-trained machine models to provide instant time to value.
Veryfi OCR API & SDK facilitates OCR (optical character recognition) for receipt images, receipt paper, and handwritten or printed text and the system can automatically extract key information for bookkeeping. The receipt OCR tools can be used for processes including machine translation, text-to-speech, text mining, cognitive computing, pattern recognition, and more. Veryfi OCR API & SDK ensures data security via SOC2 TYPE2 compliance and businesses can also opt to have their data automatically deleted after processing within the system.
Key benefits of Veryfi OCR API & SDK
* Fast, real-time with no humans-in-the-loop data processing
* Secure, with bank-grade security and SOC2 Type2 compliance
* Scalable, with no templates required and a turnkey API solution
* Highly accurate, leveraging AI and machine learning to surpass human solutions, constantly get better and handle even unknown documents out of the box
* Powerful in its ability to extract line-item data (commonly referred to as level III data in payments and SKUs in CPG/FMCG markets)
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Reviews
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- Industry: Internet
- Company size: 2–10 Employees
- Used Daily for 6-12 months
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Frictionless from start to finish.
Reviewed on 09/07/2021
Six months and thousands of documents later, we're impressed at Veryfi's ability to accurately and...
Six months and thousands of documents later, we're impressed at Veryfi's ability to accurately and quickly process documents. It's the best end-to-end data extraction software we've experienced, and they're constantly improving. The founders [SENSITIVE CONTENT] + their team are very responsive and quick to help. We couldn't be happier with our collaboration!
Pros
Accuracy, speed, and reliability in data extraction from a receipt to JSON. Veryfi's ability to accurately interpret data on poor-quality images and damaged documents is the industry's best. Additionally, the API docs are clear and concise, making them easy to set up.
Cons
I'd like to see more column options added to the CSV exports.
Response from Veryfi
Luis, Love the feedback! Thank you so much for your support. It's a pleasure working with you and your team.
PS. Plz email me or s[email protected] to get those extra fields into the CSV export.
- Industry: Internet
- Company size: 2–10 Employees
- Used for 1-5 months
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Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Just works
Reviewed on 17/09/2020
Overall our experience has been great. Getting instant results simplifies development a lot, since...
Overall our experience has been great. Getting instant results simplifies development a lot, since it's not needed to keep track of submitted items and fetching results later. The process from signup to development and using the product has been very streamlined. Support is awesome, too.
Pros
Simple, straight-forward API that is well-documented. It didn't take much effort to get started. Processing is instant - a far cry from other solutions that we used that involved humans, supposedly needed for accuracy. It turns out that's not the case: I found Veryfi's results more accurate and consistent. Very accurate in our experience. Another big pro for us is that processing is done by machines only, which means sensitive documents are not shared with anonymous contractors. Documents can be deleted via the API after processing, seconds after submitting. This means little to no concern about data security and privacy. Support has been stellar and snappy, although rarely needed.
Cons
Pricing per document is reasonable and even competitive, even more so considering the pros mentioned earlier. The one improvement I currently wish for is an entry-level processing tier for lower volumes. That would make it more attractive for companies who don't have enough volume yet for the current entry-level tier. But I understand that's ultimately more a positioning decision or consideration for customer support loads than an actual product improvement.
Response from Veryfi
Wow! Wow! Thank you . Love the feedback. I have shared it with the team and smiles all around. Thank you for the detailed feedback and for becoming a Veryfi customer.
- Industry: Telecommunications
- Company size: 201–500 Employees
- Used Daily for 1-5 months
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Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 7.0 /10
Time saver
Reviewed on 23/07/2020
We used it to cover our invoice OCR needs, saved us a bunch of time on that.
We used it to cover our invoice OCR needs, saved us a bunch of time on that.
Pros
Easy to integrate to our software, great support, nice features.
Cons
Rules functionality could be more robust.
Alternatives Considered
DatamolinoReasons for Choosing Veryfi OCR API & SDK
Palette was very rigid, took a lot of time to adapt to our needs and did not process mexican invoices the way we needed them to, so we decided to develop our own software. We realized it would take us a lot of time to develop decent OCR functionality, so we started looking for a third party solution.Reasons for Switching to Veryfi OCR API & SDK
Language support, invoices can be corrected via API and it learns from those corrections. The team was very willing to adapt to our needs even before we decided to go for it and have proven it since.Response from Veryfi
David, thank you for the great feedback and support! // Rusty
- Industry: Entertainment
- Company size: Self Employed
- Used for 6-12 months
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Review Source
Overall rating
- Ease of Use
- Customer Support
- Likelihood to recommend 8.0 /10
Easy to Implement, Fast and Accurate Processing
Reviewed on 18/08/2020
Really easy to implement, responsive team, worked with us for over a year to meet our business...
Really easy to implement, responsive team, worked with us for over a year to meet our business needs. We were waiting for the right time to release an OCR feature (a customer request), and we are thrilled with the result!
Pros
Veryfi is super fast at processing information from receipt to JSON, and it has a lot of accuracy---including recognizing pretty terrible hand writing!!
Cons
Wish their pricing model incorporated multiple platforms within the subscription, instead of separating out the APIs between iOS/Android.
Reasons for Switching to Veryfi OCR API & SDK
We were able to get the price right for our company to invest in this API. Specifically, we didn't have the bandwidth to implement our own OCR functionality within our iPhone app which we were considering trying out with CoreML functionality by Apple, or Google Cloud Vision. Weren't as thrilled with the Textract option from Amazon. For the sake of time and getting accurate results, we went with Veryfi and have been very happy with the results!! Thank you, Veryfi!!!Response from Veryfi
Love it! Thank you so much for your beautiful feedback and support! We are thrilled to support you and your team.
Best, Ernest
- Industry: Construction
- Company size: 2–10 Employees
- Used Daily for 1-5 months
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Powerful software for real time bookeeping
Reviewed on 27/10/2022
Amazing!
Amazing!
Pros
Veryfi OCR API allows to connect a lot of financial data in real time to our CRM trough a simple technology. All the blocks for the different code languages are already built and allow us to keep track of pretty much all our banking data.
Cons
The only thing I didn't like is the fact that I had to convince my accountant to work on this software.
Response from Veryfi
Thanks for your review! We appreciate your feedback, and are happy to see that our software is making your bookkeeping easier. Hopefully your accountant is now a satisfied and more productive user as well!
Cheers,
The Veryfi Team
Veryfi OCR API & SDK FAQs
Below are some frequently asked questions for Veryfi OCR API & SDK.Q. What type of pricing plans does Veryfi OCR API & SDK offer?
Veryfi OCR API & SDK offers the following pricing plans:
- Starting from:
- Pricing model: Free Version, Subscription
- Free Trial: Available
Transparent no-contract pricing, ready-to-go out of the box data extraction. [Plan] STARTER: Starter plan for companies to 25,000 transactions / month . Minimum: $500 includes 6,250 receipts and/or 3,125 invoices Then pay per Receipt: $0.08 Invoice: $0.16 [Plan] GROWTH: Growth plan is for companies doing more than 25,000 transactions / month Sliding Price Rates when you reach scale.
Q. Who are the typical users of Veryfi OCR API & SDK?
Veryfi OCR API & SDK has the following typical customers:
Self Employed, 2–10, 11–50, 51–200, 201–500, 501–1,000, 1,001–5,000
Q. What languages does Veryfi OCR API & SDK support?
Veryfi OCR API & SDK supports the following languages:
English
Q. Does Veryfi OCR API & SDK support mobile devices?
Veryfi OCR API & SDK supports the following devices:
Android (Mobile), iPhone (Mobile), iPad (Mobile)
Q. What other apps does Veryfi OCR API & SDK integrate with?
Veryfi OCR API & SDK integrates with the following applications:
Box, Dropbox Business, Google Drive, Quickbooks Online, Slack, Xero
Q. What level of support does Veryfi OCR API & SDK offer?
Veryfi OCR API & SDK offers the following support options:
Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, 24/7 (Live rep), Chat
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