Easy Travel Expense Reporting with Navan and Veryfi May 12, 2023 - Traveling for business can be both enjoyable and productive, but the hassle of manually entering travel expenses can put a damper on the experience. In this light-hearted and entertaining demo that was featured live on stage at Money 20/20 in 2022, Navan (formerly Trip Actions) and Veryfi showcase how their innovative solutions can eliminate the […]
How to Detect Document Fraud: The Guide Other OCR APIs Don’t Want You to Read April 16, 2025 - Let’s be honest—most OCR providers barely scratch the surface when it comes to fraud detection. They mention “security” or “confidence scores,” but rarely explain how they detect fraud—if at all. At Veryfi, we believe fraud prevention deserves more than a footnote. That’s why we’ve embedded field-level, behavioral, and image-aware fraud detection directly into our APIs. […]
How AI is Automating Expense Management: From Receipt Submission to Reimbursement April 15, 2025 - Expense management is undergoing a major transformation—and AI is at the heart of it. Once a tedious, error-prone process, expense reporting is being reimagined through intelligent document processing (IDP), driven by breakthroughs in optical character recognition (OCR), machine learning, and natural language processing (NLP). Finance teams, controllers, and CFOs from startups, small businesses, and enterprises […]
How Rising Tariffs Are Impacting Expense Management and AP Workflows April 14, 2025 - From headlines about trade policies to sudden rate hikes, tariffs are back in the spotlight — and the pressure is rising. As of early April 2025, proposed tariff hikes between major global economies are targeting key categories like electronics, software, and certain services. Businesses in sectors like manufacturing, logistics, and tech are already experiencing ripple […]
Context-Aware AI: The Next Frontier in Data Extraction April 10, 2025 - In a world flooded with unstructured data, the ability to extract accurate, structured information is no longer a luxury — it’s a competitive necessity. Traditional OCR and template-based extraction tools helped businesses make the first leap toward automation. But they fall short in dynamic, real-world use cases. Enter context-aware AI — a new generation of […]
Best OCR API for Invoice Processing & AP Automation (Veryfi vs. AWS Textract vs. Nanonets vs. Open Source) April 7, 2025 - Manual invoice processing is outdated. Finance teams today are under pressure to reduce costs, minimize fraud, and speed up accounts payable (AP) workflows. That’s where OCR APIs for invoice automation come in — and not all are created equal. In this post, we compare leading OCR APIs—Veryfi, AWS Textract, Nanonets and Open-Source OCR tools—to help […]
Detecting the Fakes: How Veryfi Is Combating AI-Generated Receipts April 4, 2025 - When TechCrunch reported that ChatGPT’s new image model could create hyper-realistic fake receipts, it sparked a much-needed conversation across finance and tech: if AI can now generate believable documents, how do we protect our systems from them? For companies processing thousands of receipts, invoices, and financial documents every day, this isn’t a theoretical concern. It’s […]
A Guide to Using Veryfi API Portal: Essential Tips for Healthcare Providers & IT Teams April 2, 2025 - Previously, busy healthcare administrators were drowning in paperwork and juggling between different tasks. Processing patient records, managing insurance claims, and ensuring compliance with industry regulations took up most of the team’s time. Faced with inefficiencies and potential errors, they needed a better solution—one that leveraged technology to automate these processes while maintaining the highest security […]
How AI-Powered OCR Reduces Medical Billing Errors and Accelerates Claims Processing April 1, 2025 - Medical billing is a complex, time-consuming process that can lead to significant financial strain when errors occur. Billing departments are overwhelmed with paperwork, reimbursements are delayed, and claim rejections are common. A simple typo or missing digit in an insurance policy number can result in weeks of back-and-forth corrections. What if you could scan an […]
Building an Effective Healthcare Automation Ecosystem: Integrating Document Capture, Processing and Analytics March 24, 2025 - Healthcare professionals face an overwhelming administrative burden. In fact, a 2016 study published in the Annals of Internal Medicine found that for every hour physicians spend with patients, they dedicate nearly two additional hours to administrative tasks. Consequently, this inefficiency contributes to clinician burnout, increased operational costs, and delayed patient care. Moreover, the financial impact […]
The Future of IDP in Healthcare: AI, Blockchain, and Compliance March 24, 2025 - The healthcare industry is undergoing a digital transformation, with Intelligent Document Processing (IDP) at the forefront. Advancements in AI-driven automation and blockchain technology are poised to revolutionize medical coding, compliance, and fraud prevention. However, as healthcare organizations adopt these innovations, they must navigate evolving regulatory and security challenges, including HIPAA, GDPR, and fraud mitigation strategies. […]