HubDoc vs Veryfi
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.
If you are looking at solutions for expense management and data extraction at volume from financial documents and landed on this page then you are most likely comparing HubDoc to Veryfi. On the outside, both companies provide data extraction capabilities, but when you look at the detail of the 2, they are world apart in quality, speed and accuracy. The chart below demonstrates these differences.
|Summary||100% software with real-time machine data extraction end-to-end.||Humans-in-the-loop software with up to 1 hour for data extraction processing.|
|Speed of Processing Data Extraction||3-5 seconds||1-8 hours|
|Data Extracted||A lot! See below||3 fields only|
|Uses Humans-in-the-Loop||No||Yes (terms)|
|Scaling Capabilities||Instant. Unlimited.||Slow. More human labor has to be thrown at it.|
|GDPR (EU) compliant?||Yes||No|
|Mobile App Rating|
4.9 star rating on App Store
1.9 star rating on App Store
Data Extraction: Veryfi vs HubDoc
- Vendor name
- Shipping cost
- Tax (VAT, GST)
- Payment Method
- Card Type
- Card Number
- Bill To Name
- Bill To Address
- Bill To VAT #
- Document Type (receipt vs bill)
- 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
- Unit of Measure
- Tax lines breakdown
- Tax name
- Tax rate %
- Tax amount
- Bank information
- Bank name
- Routing number
- Account number
- Vendor name
Few concerning data privacy points about HubDoc
The following are all available from HubDoc’s terms page.
HubDoc uses humans-in-the-loop
HubDoc uses humans for data extraction. This explains why it is so slow to process ie. when human labor is available.
However there is no mention of this in their GDPR or CCPA sub-processors. Why?
HubDoc stores your login credentials
When you share your login credentials with HubDoc from your bank, PG&E, Telstra/Verizon account etc… HubDoc will store those login credentials instead of using a secure OAuth integration. Why?
The choice is clear..
If you care about data privacy, speed and accuracy of your data extraction then see the Veryfi experience below.
Test Drive The Veryfi Experience
Contact firstname.lastname@example.org to schedule a call for more information