Veryfi Receipts OCR & Expenses

Pros

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!

Cons

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.

Alternatives Considered

Reasons for Choosing Veryfi Receipts OCR & Expenses

Switched From

Reasons for Switching to Veryfi Receipts OCR & Expenses

Pros

Veryfi is easy to use as a bookkeeping tool. Removes hours of manual capturing of documents, which in turn saves my clients who pay by the hour, money.

Cons

I found trying to speak to someone in sales a problem, the Technical person was quick to assist on Zoom, but he could not assist me with sales, the Live Chat doesn't work if and when you find it.

Alternatives Considered

Reasons for Switching to Veryfi Receipts OCR & Expenses

Pros

I love the software and systems, but receipt images are corrupted, meaning as an archival DB this is useless. The software cannot be relied on to keep your receipt images.

Cons

As above, customer services is hopeless. Software images corrupted and no one at veryfi seems to care much.

Pros

I have a small business and receipt entry is a PITA. I have tried several OCR apps and Veryfi was by far the fastest, most accurate, and thorough when extracting information.

Cons

It would be great if one could select multiple receipts/expenses and sum up the total to match a bank transaction when doing reconciliations.

Pros

The quickest and most efficient approach to keep track of your receipts is to scan them as soon as you receive them. Excellent OCR and alignment correction are provided by Veryfi. Taking images and uploading receipts is simple. It was convenient to be able to utilize the spending category names that I desired. If I wanted to monitor a specific customer, for example and figure out how much money I spent on that individual, I could add "tags" to my spreadsheet.

Cons

Income was inverting figures and not appropriately displaying P&L reporting back when I used it frequently Since then, I believe this bug has been fixed.

Pros

I wanted something simple: take a picture, let the app sort out all the details and allow me to check my expenses in one place. Verify does that!

Cons

I wish they had a free version if you just want to keep a record of your receipts and not add any other services in.

Pros

Easy to use and works so well for getting things organized

Cons

Reporting features i have not tried much but seems overwhelming for now

Pros

Scans documents quite accurately, you can categorize them, reads the date and time of the document, the associated number, and the issuer. It has helped me streamline my expense control process.

Cons

It lacks support for subcategories; some documents were not understood in the best way. It could recognize an item and assign it a category that was assigned in another document. The web interface needs more development to be more user-friendly

Pros

Exactly what I needed for managing and logging paper receipts

Cons

Occasionally on those that are faded it can be hard to read, but at no fault of the app.

Pros

After testing over 60 different product, this one was by far the best

Cons

The trial was too short but we ended up subscribing

Pros

I love how easy it is to use and how well it picks expenses up from the receipts you provide.

Cons

I wish theres was an easier way to track miles from the app itself.

Pros

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.

Cons

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!

Pros

The thing I like most is the ease of use.

Cons

I do feel as with all apps, there’s room for improvement. Currently I feel like the refresh rate on the receipts page could be improved. As is the split function as well.

Pros

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!

Cons

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

Pros

Being able to take a photo of the receipt on the go and view and approve it later.

Cons

Few issues with the camera software and doesn't always take a clear picture the first time.

Pros

Scanning your receipt right away is the easiest way to do bookkeeping. Veryfi has superb OCR, and alignment correction.

Cons

nothing yet. This is not an accounting software, but it can track time, add projects. It is amazing.

Pros

The owners have been great to respond personally to issues and provide support.
Just testing but it seems like the perfect solutions for a small distributed business like us to collect and categorize expenses.
Intuitive easy to use interface.

Cons

Some functionality could be improved and would like to see some controls in place that aren't currently there but in discussion with management team have plans to implement much of my wish list in the near future. It's a new app and they continue to develop but have been very impressed by there responsiveness and desire to improve.

Pros

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!

Cons

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.

Pros

Love being able to track and place receipts for each job and tracking the spending. Gives us time to do other important tasks instead of having to go through hundreds of receipts

Cons

I wish the users were able to add their own specific jobs to the app. They have to wait for an admin to add it in

Pros

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. Quickbooks recognizes the entries and matches them up from the bank feeds seamlessly. We tried Expensify last year and it just wasn't quite what we needed and team members thought it was too complicated. Veryfi is simple. From my desktop or the mobile app, I can create jobs and customers, edit expense categories, send text messages to team members (WHAT?? Yassss!) Track mileage. I'm still discovering many of the features that are available. Time tracking - We currently use T-Sheets, so not sure if we will switch or not. Maybe. So far I'm really loving it!

Cons

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.

Pros

Auto Expense tracking is so easy and love the fact they give you a personal email to use on all your expenses.

Cons

Can’t do everything on the mobile app yet

Pros

great and simple experience setting up and using this app. I love how simple it is to set up and use. it makes my business expense tracking really simple and straightforward and easy and that's pretty wonderful.

Cons

So far there is not a single thing I can think of that I would change. it's all great to use and all very easy easy easy!

Pros

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.

Cons

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.

Pros

We use VeryFi to scan foreign currency receipts because it then converts them to USD before uploading them with Quickbooks

Cons

The software does appear to be a bit "Beta" in terms of the back-end.

Pros

This app is great in integrating other software so that it can accomplish the goal in a much smoother process. It makes it very convenient to have a hub for reimbursements.

Cons

I wish it would push data to Rippling to fill in reimbursements for employees. I am still exploring many of the customizations/rules, but I haven't been able to find a way to truly automate some of the processes that I expected.

Pros

1. OCR is accurate and fast compare to others
2. Friendly UI, easy to understand without tutorial
3. Auto Generating Reports

Cons

Their OCR tech still has room for improvement.

Pros

it is easy to use and give me the required info

Cons

i would like it to be less expensive it will encourage me to use it more

Pros

The receipt management makes expense tracking no longer feel like a tedious task when reconciling numbers and makes it easy to understand which card expenses came from.

Cons

I am yet to further explore the product but so far it does what I need it to do

Alternatives Considered

Reasons for Switching to Veryfi Receipts OCR & Expenses

Pros

Great product for tracking and keeping up with expenses.

Cons

Haven’t found anything that I don’t like yet.

Pros

Veryfi is very easy to use and has some great features. I love how easy it is to scan paper store receipts, or email web based receipts. It uses the latests security protocols (Yodlee handles all the bank/credit card integrations, they use 2FA to log in) and has saved me a ton of time managing my expenses.

Cons

In cases where a receipt has multiple expenses which are considered separate purchases (Amazon does this a lot), the software requires multiple steps to separate them. When I'm matching credit card charges from linked accounts to my Veryfi receipts, I have to leave the bank feed section, go into the documents section, and clone the receipt to separate the charges, then go back to the bank feed section to match the receipts. I hope they can design a shortcut within the bank feed to accomplish this, to cut down on steps.

Alternatives Considered

Reasons for Choosing Veryfi Receipts OCR & Expenses

Reasons for Switching to Veryfi Receipts OCR & Expenses

Pros

I used this software for a couple of years, and the only issues I had were logging income so that an accurate P&L could be created. The developers worked with me and my CPA to correct the issues we were having and I really appreciated their responses to our concerns. Overall, my CPA recommended that I switch to QuickBooks. I did, but it's been not easy to use, has poor customer service and is overpriced and too "busy/cluttered" for what I need which is simplicity because my business is simple. I wish I had kept up with Veryfi's expense tracker, because changing programs is not easy to do even in a simple business. I would recommend Veryfi for sure! I think they even resolved the issues I had in the past.

Cons

Back when I was using it regularly, the income option was reversing numbers and not accurately representing P&L reports. I think the developers corrected this since then.

Alternatives Considered

Reasons for Choosing Veryfi Receipts OCR & Expenses

Switched From

Reasons for Switching to Veryfi Receipts OCR & Expenses

Pros

The OCR, AI, ability to connect outside applications (ex: Quickbooks), add bank feeds,

Cons

The tags and categories a bit confusing.

Pros

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 have been.

Its also very useful when I get emailed receipts (which is happening more and more) as I can forward then directly to verify for auto entry into the system. Finally having somewhere to be able to store and search for all my old receipts is very handy when clients accounting departments ask to see the documents.

i haven't had the need for support much (which is a testament to the product) but when I did they were very prompt in responding and solving my issues. Great work guys!

Cons

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.

Pros

I love the ease of capturing the receipt, the swiftness of it's processing and the accuracy!

Cons

I would like to capture more than one receipt at a time without having to always press the capture button.

Pros

Saves time with OCR capturing vital info from receipt or invoice
Allowed us to enter the project, job cost codes, etc for job costing when other exp mgmt solutions did not offer job costing options
Reliable sync to QB online
Easy document management report of all receipts and invoices

Cons

A little difficult to locate filters when searching for receipts or invoices
When set to autosync, it sent info to QB online before finalized

Alternatives Considered

Reasons for Switching to Veryfi Receipts OCR & Expenses

Pros

I use to dread the hours spent with a huge pile of receipts trying to enter them into software and then fixing all the mistakes that the OCR made this software helps me to do all my accounting from my cellphone as I go and at the end of the month I just generate a report so simple and easy and far more accurate than anything I have ever used plus the security I didn’t want my accounting and receipts left unsecured and they have the best security.

Cons

Some of the merchant names make multiple names for the same merchant you can fix it by hand but is time consuming.

Alternatives Considered

Pros

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!

Cons

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)!!!

Pros

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!

Cons

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.

Alternatives Considered

Reasons for Choosing Veryfi Receipts OCR & Expenses

Switched From

Reasons for Switching to Veryfi Receipts OCR & Expenses

Pros

The mobile receipt scanning is my favorite feature. The rule based options are unlimited on how you set things up to run for your workflow. Fast and efficient across any platform.

Cons

The only issue I have ever had is when there is an update for the software. The app will crash after taking a pic of a receipt. It’s easily fixed by downloading the new version but is frustrating at times.

Pros

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 helpful. For example, extracting the vendor address from a receipt is something I thought of as a "nice to have" but not a requirement.

Now this feature is something I can't live without as it helps automate my purchases based on the proximity to my business. This is helpful for large chains and big box stores with many locations, I can now split out personal and business expenses far more easily.

This is what distinguishes good software from great software. Good software completes a task in a way you wanted it to; great software completes the job in a better way than what you had in mind, and that's what Veryfi does with receipts.

Cons

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.

Pros

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!

Cons

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!

Pros

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

Cons

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.

Pros

Point of Sale disposition of bookkeeping chores. Finished before I hit the door.

Cons

I can't resist getting into conversations with random people when they see me use it.

Pros

This app does everything I need that many apps can’t do. Receipt capture, data collection of price, time and business name, automatically changes the file name to what you need it to say (date/business name/price) and automatically uploads it to Google drive organized and easy during tax season to match my statements with the proof of receipt.

Cons

Wish they had discounted prices for loyal customers. I’ve been using this app for over 2+ years and have helped with bugs since I was an initial user

Pros

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

Cons

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!

Pros

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!

Cons

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.

Pros

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 other apps to link everything together. A couple of small clicks to use, one giant leap closer to going paper-less!

The iPhone app (they also have android, I believe) makes it really easy to capture my receipts as soon as I receive them. I take a couple of extra moments at the counter/checkout and capture the receipt with my phone. Saves losing receipts and running around looking for receipts, in my car, glovebox and various places around the house at the end of each month.

Cons

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.

Pros

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.

Cons

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.

Pros

Easy to use, very automated. Integrates with almost everything. Only took me 10 minutes to actually set up, but the more I detail the better it gets.

Cons

So far, haven't ran into any cons yet. I am fairly new to it, and for the price I don't plan on complaining!!

Alternatives Considered

Reasons for Switching to Veryfi Receipts OCR & Expenses

Pros

Love this app. I capture my paper receipts within minutes of receiving them. That way I don't lose them or they don't fade. Once a month I edit the record and tag the receipts to upload to QB. The categories b/w Veryfi and QB are nearly 100%. Also, sending e-receipts to my Veryfi email address works as advertised. Love the feature that they recognize most vendors and attach vendor logos. A+ rating from me!

Cons

Occasional hiccup and I have to take photo of receipt twice.