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.

		CloudFactory
	100% software. 100% machine data extraction without humans in the loop.	100% humans. Sweatshops based in Nepal and Africa.
RESTful API	Yes	No
Speed of Results	3 seconds	From minutes to hours (depends how much you pay)
Error Rate	3%	27.5%
Data Extracted	See below. A lot!	Depends what you pay for.
Scaling Capabilities	Instant. Unlimited.	Slow. More labor has to be thrown at it.
CCPA compliant?	Yes	No
GDPR compliant?	Yes	No
Free Test Drive	Yes	No

Data Extraction Intelligence

Veryfi.com - 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

3 seconds

CloudFactory

Vendor name
Total
Tax
Payment method
Date

minutes to hours

The choice is clear..

If you care about data privacy, speed and accuracy of your data extraction then see the Veryfi experience below.

Few concerning data privacy points about HubDoc

Test Drive The Veryfi Experience 👇

Contact sales@veryfi.com to schedule a call for more information

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