CloudFactory vs Veryfi API

The world is changing. Consumers demand to know what personal data is collected about them, who is looking at it and where it’s traveling.

Data extraction at scale

If you are looking at solutions for data extraction at volume from financial documents and landed on this page then you are most likely comparing Veryfi to CloudFactory. On the outside, both companies provide data extraction capabilities, but when you look at the detail the 2 are vastly different. The chart below demonstrates these differences.

WARNING: During COVID-19 isolation, the labor workforce CloudFactory employs are now working from home; looking at US PII. - Receipt OCR API for Real-Time Data ExtractionCloudFactory
100% software. 100% machine data extraction without humans in the loop.100% humans. Sweatshops based in Nepal and Africa.
Speed of Results3 secondsFrom minutes to hours (depends how much you pay)
Error Rate3%27.5%
Data ExtractedSee below. A lot!Depends what you pay for.
Scaling CapabilitiesInstant. Unlimited.Slow. More labor has to be thrown at it.
CCPA compliant?YesNo
GDPR compliant?YesNo
Free Test DriveYesNo

Veryfi Data Extraction vs CloudFactory - Invoice OCR API for Real-Time Data Extraction
  • Vendor name
    • Name
    • Address
    • Logo
    • Phone
    • Fax
  • Subtotal
  • Discount
  • Shipping cost
  • Tax (VAT, GST)
  • Tip
  • Total
  • Rounding
  • Category
  • Payment Method
    • Card Type
    • Card Number
  • Bill To Name
  • Bill To Address
  • Bill To VAT #
  • Document Type
 (receipt vs bill)
  • Currency
  • Currency Exchange Rate
  • Invoice Number
  • Purchase Order Number
  • Reference Number
  • Company VAT Number
  • Company ABN Number
  • Invoice Date
  • Due Date
  • Payment Terms
  • Service Start Date (or arrival in hotel folio)
  • Service End Date (or departure in hotel folio)
  • Account Number
  • Ship To Name
  • Ship To Address
  • Tracking Number
  • SKU level Line Items
    • Date
    • SKU
    • Description
    • Quantity
    • Tax
    • Discount
    • Total
    • Unit of Measure
  • Tax lines breakdown
    • Tax name
    • Tax rate %
    • Tax amount
  • Bank information
    • Bank name
    • Routing number
    • Account number
    • IBAN


  • Vendor name
  • Total
  • Tax
  • Payment method
  • Date

The choice is clear..



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