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.
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.
From accounts payable to expense management with rich vendor detail and line items from receipts. Users will never have to do data entry again.
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.
Build loyalty by verifying purchases and immediately reward users with our on-device purchase validation. More
Drive shopper marketing programs with real-time receipt capture across any retailer and geography. More
HIPAA-compliant data capture & data extraction tools for your HSA and FSA customers to capture receipts for reimbursement of their out-of-pocket expenses.
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.
Ideal for scaling businesses and those wanting to dramatically reduce cost through AI automation using a modern Restful JSON API.
Leapfrogs humans-in-the-loop solutions 10x fold. 27% human error rate vs. 3% AI error rate.
Protects your PII with Veryfi Shield and complies with Data Privacy bills in a changing world. eg. CCPA, HIPAA, GDPR & ITAR.
No waiting for processing. Done in 3 seconds. Instant results for modern businesses on the edge of innovation.
Veryfi API is 100% AI using machine learning models from 30M+ receipts. This means new receipts are instantly recognized.
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.
SKU-level purchase data extracted at scale with ease from every receipt, bill, and document.
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
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.
Data Extraction IntelligenceRight out of the box, Veryfi AI is trained to extract numerous data fields from documents such as invoices, bills, and receipts.
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
Have Questions? Email us at sales@veryfi.com
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