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.
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.
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.
Drive shopper marketing programs with real-time receipt capture across any retailer and geography.
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 inc. those 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.
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.
SKU-level purchase data extracted at scale with ease from every receipt, bill or document.
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
Automatically corrects image distortions like pin & barrel, detects blur & adjusts perspective issues, rotates images and even splits receipts from single page into multiple.
Veryfi AI is trained to extract out-of-the-box a wealth of fields from documents like invoices, bills and receipts.
Missing field? If you need a field which Veryfi doesn’t support yet, then let us know. Training for new fields is a free service.
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.Largest US Federal ERP Provider
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