Today, consumers have many choices when it comes to selecting software to use. The wrong product at the right price often ends up being a disaster. This is why the right product at the right product for their needs. However, with choice comes noise. A noisy world of software is challenging to navigate and feel comfortable with a decision. At Veryfi, we understand that and want to make your experience choosing the right software to automate your workload and make you more productive, a breeze. This post is intended to help you compare Veryfi vs NanoNets and make the right decision.
| NanoNets | Veryfi | |
|---|---|---|
| NanoNets is a platform to help developers build Machine Learning models. | Veryfi is a market leader in real-time Data Extraction from Receipts, Invoices and other financial documents. | |
| Speed of OCR Processing (Time to Value) | Mixed. Fast to extract small subset of fields but everything else requires HITL. | Seconds |
| Uses Humans-in-the-Loop (HITL) | Mixed. AI to extract small subset of fields but everything else requires HITL which is slow. | No |
| Extracts Line-Items (inc. SKUs) | No | Yes |
| International Language Support | Yes | Yes |
| Global Currency Detection | No | Yes |
| International Taxes (GST, HST, VAT) | No | Yes |
| Allows Annotations/API For ML Training | Only on Enterprise plan | On all plans |
| DOCUMENT CAPTURE | NanoNets | Veryfi |
| iOS App SDK | No | Yes |
| Android App SDK | No | Yes |
| SDKs | No | Yes (SDKs for Go, Python, C#, Java, NodeJS & Ruby) |
| PRICING | NanoNets | Veryfi |
| Pricing Model | 10c per page (5 fields) then 1c for every field. | 8-16c per API call (up to 10 pages per API call) |
| Per Page Pricing | Per Page (charged for every page even if Invoice has 2+ pages) | Flat Rate (even if Invoice has 2+ pages) |
| Field Based Pricing | Yes (1c per field) | No (all you can eat buffet) |
| Pre-Trained Fields | 5 | 50+ (and growing) |
| COMPANY | NanoNets | Veryfi |
| SOC2 Type2 Certified | No (only type 1) | Yes |
| Locations | San Francisco, CA, Bengaluru, IN and Mumbai, IN | San Mateo, CA and Sydney, AU |
| Funding | $1.5M | $12.7M |
| Customer Reviews | 25 Reviews on Capterra | 143 Reviews on Capterra and shortlisted as top performer & emerging favorite (see below) |
NanoNets UI |
Veryfi UI |
|---|---|
 |
 |
| Merchant_Name & Merchant_Address are incorrect. Receipt_Number should have been Invoice_Number. 66% right out of 6 fields. | Flawless! 50+ fields with line-items extracted in seconds. |
[
{
"label": "Date",
"ocr_text": "08/04/20",
"score": 0.991618,
"xmin": 2366,
"xmax": 2624,
"ymin": 146,
"ymax": 193
},
{
"label": "Merchant_Name",
"ocr_text": "RUMPKE OF OHIO INC",
"score": 0.99988437,
"xmin": 381,
"xmax": 914,
"ymin": 3764,
"ymax": 3801
},
{
"label": "Merchant_Address",
"ocr_text": "PO BOX 538710\nCINCINNATI OH 45253-8710\n1234 CUSTOMER\nCLEVELAND OH 44114",
"score": 0.989266,
"xmin": 358,
"xmax": 2345,
"ymin": 3814,
"ymax": 3919
},
{
"label": "Merchant_Phone",
"ocr_text": "8008288171",
"score": 0.99970895,
"xmin": 2152,
"xmax": 2595,
"ymin": 353,
"ymax": 401
},
{
"label": "Receipt_Number",
"ocr_text": "0998811",
"score": 1,
"xmin": 2452,
"xmax": 2685,
"ymin": 714,
"ymax": 754
},
{
"label": "Total_Amount",
"ocr_text": "329.74",
"score": 0.99952495,
"xmin": 2511,
"xmax": 2718,
"ymin": 3404,
"ymax": 3445
}
]
|
{
"account_number": "1234987650",
"bill_to_address": "1234 CUSTOMER AVE\nCLEVELAND OH 44114",
"bill_to_name": "JOHN DOE",
"category": "Job Supplies",
"created": "2021-09-17 17:59:40",
"currency_code": "USD",
"date": "2020-08-04 00:00:00",
"default_category": "Job Supplies",
"document_reference_number": "515151515",
"document_type": "invoice",
"due_date": "2020-08-19",
"invoice_number": "0998811",
"is_document": 1,
"line_items": [
{
"date": "2020-08-01",
"description": "2YD FL/MONTH-MSW",
"discount": 0,
"id": 86070203,
"order": 0,
"price": 116.32,
"quantity": 1,
"reference": "",
"section": "",
"sku": "",
"tax": 0,
"tax_rate": 0,
"total": 116.32,
"type": "product",
"unit_of_measure": "",
"weight": ""
},
{
"date": "2020-08-01",
"description": "FL CASTER SVC",
"discount": 0,
"id": 86070204,
"order": 1,
"price": 5,
"quantity": 2,
"reference": "",
"section": "",
"sku": "",
"tax": 0,
"tax_rate": 0,
"total": 10,
"type": "product",
"unit_of_measure": "",
"weight": ""
},
{
"date": "2020-08-01",
"description": "FUEL SURCHARGE FL",
"discount": 0,
"id": 86070205,
"order": 2,
"price": 29.89,
"quantity": 1,
"reference": "",
"section": "",
"sku": "",
"tax": 0,
"tax_rate": 0,
"total": 29.89,
"type": "fuel",
"unit_of_measure": "",
"weight": ""
},
{
"date": "2020-08-03",
"description": "2YD FL/MONTH-MSW",
"discount": 0,
"id": 86070206,
"order": 3,
"price": 116.32,
"quantity": 1,
"reference": "",
"section": "",
"sku": "",
"tax": 0,
"tax_rate": 0,
"total": 116.32,
"type": "product",
"unit_of_measure": "",
"weight": ""
},
{
"date": "2020-08-03",
"description": "FL CASTER SVC",
"discount": 0,
"id": 86070207,
"order": 4,
"price": 5,
"quantity": 1,
"reference": "",
"section": "",
"sku": "",
"tax": 0,
"tax_rate": 0,
"total": 5,
"type": "product",
"unit_of_measure": "",
"weight": ""
},
{
"date": "2020-08-03",
"description": "FUEL SURCHARGE FL",
"discount": 0,
"id": 86070208,
"order": 5,
"price": 28.74,
"quantity": 1,
"reference": "",
"section": "",
"sku": "",
"tax": 0,
"tax_rate": 0,
"total": 28.74,
"type": "fuel",
"unit_of_measure": "",
"weight": ""
}
],
"ocr_text": "RUMPLE\n\tDate: 08/04/20 Page 1 of 1\n\tService Period: AUGUST\n\tFor Service & Billing Call\n3800 STRUBLE RD\t\t\t\t(800) 828-8171\nCINCINATTI OH 45251\t\t\t\tService Address:\nCustomer #:\t1234987650\t1234 CUSTOMER AVE\nAccess Code:\t515151515\tCLEVELAND OH 44114\n\tInvoice #:\t0998811\n\tInvoice Total:\t329.74\nJOHN DOE\t\t\t\tDue Date:\t08/19/20\n1234 CUSTOMER AVE\nCLEVELAND OH 44114\n\nDate\tDescription\t\tQty\tPrice\tTotal\n08/01/20\t2YD FL/MONTH-MSW\t1.00\t116.32\t116.32\n08/01/20\tFL CASTER SVC\t2.00\t5.00\t10.00\n08/01/20 FUEL SURCHARGE FL\t1.00\t29.89\t29.89\n08/03/20\t2YD FL/MONTH-MSW\t1.00\t116.32\t116.32\n08/03/20\tFL CASTER SVC\t\t1.00\t5.00\t5.00\n08/03/20\tFUEL SURCHARGE FL\t1.00\t28.74\t28.74\nTAXES:\t\t\t\t\t\t23.47\nTOTAL:\t\t\t\t\t\t329.74\n\nCurrent\tOver 30 Days\tOver 60 Days\tOver 90 Days\tUnapplied\n329.74\t329.74\t1.00\t1.00\t.00\nFOLD HERE\tAND THEN SEPARATE\tRETURN THIS PORTION WITH PAYMENT. DO NOT ATTACH CHECK TO STUB\nRUZZLE\nDate:\tCUSTOMER NUMBER\tINVOICE\tINVOICE AMOUNT\tDUE DATE\n08/04/20\t1234987650\t0998811\t329.74\t08/19/20\n\nRUMPKE OF OHIO INC\t\t\tJOHN DOE\nPO BOX 538710\t\t\t1234 CUSTOMER AVE\nCINCINNATI OH 45253-8710\t\tCLEVELAND OH 44114\n\n8438320082027800204160090135",
"phone_number": "(800) 828-8171",
"reference_number": "VCDCE-8868",
"rounding": 0,
"shipping": 0,
"subtotal": 306.27,
"tax": 23.47,
"total": 329.74,
"vendor": {
"address": "3800 Struble Rd, Cincinnati, OH 45251",
"fax_number": "",
"lat": 39.265171,
"lng": -84.6004198,
"name": "Rumpke",
"phone_number": "(800) 828-8171",
"raw_name": "RUMPKE",
"vendor_logo": "https://cdn.veryfi.com/logos/us/777855076.png",
"vendor_type": "recycling center,junk removal & hauling"
}
}
|
Veryfi has been named by Capterra (a Gartner company) a Top Performer: highest scoring products in both popularity and user ratings which are loved by their users. Read more >
If you care about data privacy, speed, and accuracy of your data extraction then see the Veryfi experience below.
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