Receipt OCR API
for Real-Time
Data Extraction
Veryfi OCR API extracts, categorizes and enriches all the detail 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
What is Receipt OCR?
Receipt OCR (optical character recognition or optical character reader) is the electronic or mechanical conversion of receipt images, receipt paper, handwritten or printed text into machine-encoded text using software. Typically a picture is taken using Veryfi’s Lens app (a scanned document), a photo of a receipt document, emailed receipt or a PDF of receipt or receipts and then having the OCR software pull out (transform) into text avoiding the labor work that’s often required to use such data for bookkeeping (in accounting) or business intelligence.
Receipt OCR is a part of successful machine based data extraction in data transformation automation to save costs, remove labor burdens and create 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 transformative ways.
The Expert in Real-Time Data Extraction
Ready to Go out of the box!
Use Cases
Finance & Expense Management
From accounts payable to expense management with rich vendor detail, line-item from receipts. 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.
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.
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 inc. those related to COVID-19 grants.
Amsterdam, Netherlands, Business Owner
Jamie S., IT Consultant
Amer Siddiq, Founder of Landlord Vision
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 or document.
Veryfi Lens for Mobile
Veryfi’s custom camera for iOS & 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 & barrel, detects blur & adjusts perspective issues, rotates images and even splits receipts from single page into multiple.
Unmatched Data Extraction Capabilities
Veryfi Receipt 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.
- Vendor
- Name
- Address
- Logo
- Phone
- Fax
- Latitude
- Longitude
- Website Url
- VAT Number
- ABN Number
- Store 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.
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Have Questions? Email us sales@veryfi.com
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