Pricing for OCR API Data Extraction Solution
Data Extraction Expert You Can Trust
Veryfi is a more economical solution than using offshore labor, especially during COVID-19 era. Moving to a secure & reliable backoffice solution is now a priority for most innovative firms.
Veryfi leapfrogs humans-in-the-loop solutions multiple times in accuracy & reliability. While human solutions yield an average error rate of 27% for data extraction, Veryfi is a tiny 3%. And soon, will be 0 (machines learn).
Leader in Data Extraction
Veryfi OCR extracts a wealth of information (as shown below) from each bill, receipt or invoice; returning results in a nice clean JSON files in seconds. It’s faster, cheaper and more accurate than human labor.
- 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
- Payment method
Additional FAQs (Frequently Asked Questions): https://faq.veryfi.com/
Which languages do you support?English. Swedish, Spanish, Portuguese, Dutch, Italian, French, German, Danish, Chinese, Norwegian Bokmal, Russian, Malay, Thai, Vietnamese.
What do we do if my geography isn’t supported?This is most likely due to low volume of data (receipts / invoices) from that geographic region. If you are willing to share data with us we will train our machine model to support your geography.
Is this really 100% machines end-to-end?Yes. We have not seen humans capable of such feats extracting dozens of fields in seconds. Rule of thumb for identifying human-in-the-loop solutions is the SPEED and QUANTITY of data extracted from each document.
What data-privacy laws do you honor?CCPA, HIPAA, & ITAR in the US, GDPR in EU and PIPEDA for Canada.
How do you differ from Competitors?
- Veryfi OCR API is a fully baked solution. We do not need your data to train the system (unless it’s a region outside our support) and will honor any data processing agreement (DPA).
- Veryfi OCR API accuracy surpasses our competitors. This is a hard problem to solve.
- Veryfi OCR API extracts much more data than our competitors. Look at the chart above.
- Veryfi OCR API is more economical than what’s being offered by competitors.
What can I build using Veryfi OCR API?
- Expense Management product with real-time data extraction from receipts.
- Real-time Bill Payment ( Snap2Pay demo)
- Give your ERP Superpowers by eliminating data entry for your customers.
- Supercharge your Loyalty programs with personalized Coupons (vouchers) based on purchase behavior.
- Invoice analytics to optimize company costs in real-time.
- Automate your Accounting practice by automating bookkeeping.
Can I resell Veryfi OCR API in my country (outside of US)?We assess each case on an individual basis. Please reach out to email@example.com with your proposal including your background in sales and your idea for distribution in that geography.
Can I sell the Veryfi OCR API as an independent agent in the US?Yes. We offer lucrative commission structures, provide sales material and help you succeed. Please send your resume to firstname.lastname@example.org