Invoice OCR API
for Real-Time
Data Extraction

 

 

 

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.

 

How It Works

 
How Veryfi OCR API for Invoices Works
 

What is Invoice OCR

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.

Ready to Go out of the box!

Pre-Trained Machine Model · No Templates · 100% AI · Try It Now

Industries

Industries

Using Veryfi, your organization saves money, speeds up business processes, improves data quality, and reduces compliance risks.
Try our online demo below and see for yourself.

ERP Systems

Enterprise resource planning systems gain new Superpowers freeing employees from data entry for expense management, accounts payable and reimbursements.

Finance & Expense Management

From accounts payable to expense management with rich vendor detail, line-item from invoices. Users will never have to do data entry again.

Construction Firms

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

Audit the financial information of your clients entities with accuracy and speeds surpassing human labor multiple fold with ease.

“Implementing the API was straight-forward and based on the demo feature on your website I could tell that Veryfi’s results are much more complete and accurate than those of other providers I tried.”
Amsterdam, Netherlands, Business Owner

“Veryfi’s Intelligent OCR (Optical character recognition) made scanning over 2,000 handwritten/printed receipts simple, convenient, and accurate data extraction effortlessly.”
Jamie S., IT Consultant

“Veryfi was the complete package, providing API access, OCR and data extraction that’s fast, accurate and cost-effective.”
Amer Siddiq, Founder of Landlord Vision

 

Why Veryfi OCR API ~ The Expert in Real-Time Data Extraction

Why Veryfi

Economical Pricing

Ideal for scaling businesses and those wanting to dramatically reduce cost through AI automation.

Superior Accuracy


Leapfrogs humans-in-the-loop solutions 10x fold. 27% human error rate vs. 3% AI error rate.

Secure & Compliant

Protects your PII with Veryfi Shield and complies with Data Privacy bills in a changing world.

 eg. CCPA, HIPAA, GDPR & ITAR.

 
Real-time Invoice Scanning & Results

No waiting for invoice processing; it’s done in real-time. Get instant results, build new modern tools to inspire your customers.

No Templates or Regex

Veryfi API is 100% Artificial Intelligence using Machine Models from millions of invoices to instantly recognize context in new & existing invoices.

No Humans-in-the-Loop

Veryfi API is 100% machines end-to-end. Unlike Cloudfactory which employs error prone offshore human labor for competitors, Veryfi is 100% AI machine processing from a secure 24×7 VPC cloud.

Superior Superpowers at your Fingertips

RESTful JSON API

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.

Line-Item SKU Extractions

SKU-level purchase level data is extracted at scale with ease from every invoice you sent to Veryfi API.

Veryfi Lens for Mobile

Veryfi Lens is a Custom Camera you can drop into your own iOS & Android app to give your app the superpowers of data extraction in minutes.

Image & Processing Corrections

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.

 

Unmatched Data Extraction Capabilities

Veryfi Invoice OCR API extracts a wealth of information (shown below) from each invoice in 3 seconds.
If a data field you need is missing then please let us know and we can often accommodate it.

Veryfi.com - Invoice OCR API for Real-Time Data Extraction
  • Vendor name
    • Name
    • Address
    • Logo
    • Phone
    • Fax
    • latitude
    • longitude
    • website url
    • VAT Number
    • ABN Number
  • Subtotal
  • Discount
  • Cashback
  • Shipping cost
  • Tax (VAT, GST)
  • Tip
  • Total
  • Rounding
  • Category
  • Payment Method
    • Card Type
    • Card Number
  • Document Type (receipt vs bill)
  • Currency
  • Currency Exchange Rate
  • Invoice Number
  • Purchase Order Number
  • Reference 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
  • Bill To
    • Name
    • Address
    • VAT Number
  • Ship To
    • Name
    • Address
  • Tracking Number
  • SKU level Line Items
    • Date
    • SKU
    • Description
    • Quantity
    • Unit of Measure
    • Price
    • Tax
    • Discount
    • Total
    • Type (food, product, alcohol,..)
  • Tax lines breakdown
    • Tax name
    • Tax rate %
    • Tax amount
  • Bank information
    • Bank name
    • Routing number
    • Account number
    • IBAN
    • SWIFT / BIC

Competitors

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

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
 

Try It Now

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

 
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