Receipt OCR API
for Real-Time
Data Extraction

 

 

 

 

Veryfi OCR API extracts, categorizes, and enriches all the details from unstructured consumer purchase receipts, invoices, and bills down to line items (SKU-level purchase data) at scale, without the use of traditional limitations like templates or humans-in-the-loop.

 

How Receipt OCR Works

How Veryfi OCR API for Receipts Works

What is Receipt OCR?

Receipt OCR (optical character recognition or optical character reader) is the electronic or mechanical conversion of receipt images, receipt paper, and handwritten or printed text into machine-encoded text using software. This work traditionally required manual human labor but that was inefficient and ripe for mistakes. With Veryfi, a picture/scan of a document like a receipt is taken using the lens app (a scanned document) and the OCR software then pulls out data the user has deemed relevant. This can also happen with existing photo files or PDFs that are emailed to your Veryfi account. Once the transformation happens, the data is available for bookkeeping or business intelligence.

Receipt OCR is a crucial part of successful machine-based data extraction in data transformation automation and saves tons of money, eliminates labor burdens, and creates new product offerings. Veryfi uses Receipt OCR with machine processes such as cognitive computing, machine translation, (extracted) text-to-speech, key data and text mining, pattern recognition, artificial intelligence, and computer vision to automate accounting in new and transformative ways.

The Expert in Real-Time Data Extraction

Ready to Go out of the box!

Receipt OCR API for Real-Time Data Extraction

Use Cases

Finance & Expense Management

From accounts payable to expense management with rich vendor detail and line items from receipts. Users will never have to do data entry again.

Construction Firms

Automate the recording of costs for a manufacturing job for job costing and inventory tracking. Gain access to real-time data 24/7, not at the end of the month.

Loyalty & Rewards Programs

Build loyalty by verifying purchases and immediately reward users with our on-device purchase validation. More

 
Shopper Marketing & Cash Back

Drive shopper marketing programs with real-time receipt capture across any retailer and geography. More

FSA and HSA

HIPAA-compliant data capture & data extraction tools for your HSA and FSA customers to capture receipts for reimbursement of their out-of-pocket expenses.

Healthcare

HIPAA-compliant tools to keep track of all healthcare-related investments, expenses, and money spent on research such as that related to COVID-19 grants.

“Implementing the API was straightforward, 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

The Veryfi Receipts OCR API Advantage

The Veryfi OCR API helps you leap over your competitors with the most advanced and intelligent OCR (optical character recognition) and ICR (intelligent character recognition) data extraction API platform available today.

Economical Pricing

Ideal for scaling businesses and those wanting to dramatically reduce cost through AI automation using a modern Restful JSON API.

Superior Accuracy


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

Shield Secure

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

 eg. CCPA, HIPAA, GDPR & ITAR.

 
Real-time Receipt Scanning & Results

No waiting for processing. Done in 3 seconds. Instant results for modern businesses on the edge of innovation.

No Templates or Regex

Veryfi API is 100% AI using machine learning models from 30M+ receipts. This means new receipts are instantly recognized.

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% machines in a secure VPC cloud.

Superpowers at Your Fingertips

Line-Item SKU Extractions

SKU-level purchase data extracted at scale with ease from every receipt, bill, and document.

Veryfi Lens for Mobile

Veryfi’s custom camera for iOS and Android abstracts the complexity of integration with a drop in framework for your mobile app. Be running in minutes! Learn more

Image & Processing Corrections

Automatically corrects image distortions like pin and barrel, detects blur and adjusts perspective issues, rotates images and even splits receipts from single page into multiple.

 

Veryfi Logo Data Extraction Intelligence

Right out of the box, Veryfi AI is trained to extract numerous data fields from documents such as invoices, bills, and receipts.

  • Vendor
    • Name
    • Address
    • Logo
    • Phone
    • Fax
    • Email
    • Latitude
    • Longitude
    • Website Url
    • VAT Number (Value-Added Tax)
    • ABN Number (Australian Business Number)
    • Store Number
  • Values
    • Subtotal
    • Discount
    • Cashback
    • Shipping cost
    • Tax (VAT, GST)
    • Tip
    • Total
    • Rounding
    • Currency
    • Currency Exchange Rate
    • Insurance Amount
  • Meta
    • Document Type (receipt, bill, check & purchase order)
    • Document Title
    • Category
    • Package Weight (eg. kg/lb)
  • Date
    • Invoice Date
    • Due Date
    • Payment Terms
    • Order Date
    • Ship Date
    • Delivery Date
    • Start Date (or arrival in hotel folio)
    • End Date (or departure in hotel folio)
  • Identifiers
    • Account Number
    • Invoice Number
    • Purchase Order Number
    • Reference Number
  • Bill To
    • Name
    • Address
    • Phone Number
    • Email
    • VAT Number
  • Ship To
    • Name
    • Address
    • Tracking Number
  • Line Items
    • Date
    • SKU (Stock keeping unit)
    • Section
    • Description
    • Quantity
    • Unit of Measure
    • Price
    • Tax
    • Tax Rate
    • Discount
    • Discount Rate
    • Total
    • Type (food, product, alcohol,..)
    • Weight (eg. kg/lb)
    • Start/End Date
    • HSN (Harmonized System Code/Number)
  • Tax Lines Breakdown
    • Tax name
    • Tax rate %
    • Tax amount
  • Bank Information
    • Bank name
    • Routing number
    • Account number
    • IBAN (International Bank Account Number)
    • SWIFT / BIC
  • Payment Method
    • Card Type
    • Card Number

Missing a field? If you need a field that Veryfi does not support, let us know. Training for new fields is a free service.

 

We spent 18 months looking worldwide for a real-time data extraction solution that doesn’t use humans-in-the-loop. I’m glad we finally found Veryfi.

Largest US Federal ERP Provider
 

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