Veryfi OCR API extracts, categorizes and enriches all the detail from unstructured invoices, bills and consumer purchase receipts down to line-items (SKU-level purchase data) at scale; without the use of traditional limitations like templates or humans-in-the-loop.
Invoice OCR is the process of extracting data fields from an invoice. When someone says “Invoice OCR” they usually refer to a process which consists of 3 Steps.
Step 1: OCR (optical character recognition) is the conversion of an Image or a PDF to text. Text inside the image file can be either typed font or handwritten.
Step 2: The process of extracting fields from the text. Some invoices can contain over 50 different fields that need to be extracted. Also each product or service line on the invoice can be structured using 5-10 columns.
Step 3: Data Enrichment and Fraud Detection. Many Invoice OCR APIs simply skip this very important step, but not Veryfi. Veryfi APIs do all these 3 steps with accuracy rates surpassing humans.
Using Veryfi, your organization saves money, speeds up business processes, improves data quality, and reduces compliance risks.
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Enterprise resource planning systems gain new intelligence freeing employees from data entry for expense management, accounts payable and reimbursements.
Automate recording the costs of a manufacturing job for job costing and inventory tracking in a blink. Gain access to real-time data 247, not at the end of the month.
Audit the financial information of your clients entities with accuracy and speeds surpassing human labor multiple fold with ease.
Line item level detail inc billing information enables Level 3 Data Processing reduces payment processor fees.
Ready to Go out of the box — No training or data required.
SOC2 Type 2, GDPR (EU), HIPAA (Healthcare), CCPA (California)
Real-time. No waiting for invoice processing. Get instant results, build new modern tools to inspire your customers.
Veryfi API is 100% Artificial Intelligence using Machine Models from millions of invoices to instantly recognize context in new & existing invoices.
Veryfi API is a modern RESTful API so you can be up and running fast. Comes with detailed API docs, code samples and a strong DPA.
SKU-level purchase level data is extracted at scale with ease from every invoice you sent to Veryfi API.
Veryfi Lens is a Custom Camera you can drop into your own iOS & Android app to give your app the intelligence of data extraction in minutes.
Powerful Veryfi Algorothms automatically correct image distortions like pin/barrel & skews, detects blur & adjusts perspective issues, rotates images and even splits receipts from single page into multiple.
Veryfi AI is trained to extract out-of-the-box a wealth of fields from documents like invoices, bills and receipts.
Missing field? If you need a field which Veryfi doesn’t support yet, then let us know. Training for new fields is a free service.
We spent 18 months looking worldwide for a real-time data extraction solution which doesn’t use humans-in-the-loop. I’m glad we finally found Veryfi.US Largest Federal ERP Provider
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