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 […]
Real-time Data Extraction: Why Speed is Essential in Expense Management September 13, 2024 - Speed is not just a luxury—it’s a necessity for maintaining control over your financial operations and minimizing risk. This is where real-time data extraction comes into play, offering a powerful tool to keep your business ahead of the curve. In today’s rapidly evolving business landscape, the ability to process financial data quickly and accurately is […]
Overcoming Common Challenges in Invoice Data Extraction September 12, 2024 - Invoice data extraction is a game-changer for businesses looking to streamline their invoice management and improve accounts payable processes. However, even with automation, there are specific challenges that many companies face, including vendor name inconsistencies, currency conversion errors, date formatting issues, and dealing with multi-page invoices. Let’s break down how to overcome these hurdles. 1. […]
Localization Matters: Best Practices for Adapting AP Processes Globally September 11, 2024 - Localization is the process of adapting a product or service to meet the language, cultural, and regulatory needs of a specific region. It’s more than just translating text—it involves modifying content and features to align with local customs, laws, and user expectations. For businesses, localization is essential for several reasons: it enhances user experience, improves […]
Enhancing Mall Shopper Experience with Digital Loyalty Programs September 10, 2024 - Shopping malls are more than just a collection of storefronts—they are conglomerates of brands, retailers, and distributors. Which means that each of them competes for customer attention. As malls increasingly adopt digital strategies to engage with shoppers, loyalty programs have emerged as key tools to retain customers and drive repeat visits. However, managing loyalty programs […]
Which Is Right for Your Business? Regular OCR versus AI-Driven OCR September 4, 2024 - OCR (Optical Character Recognition) has evolved from simple text extraction to advanced AI-powered systems capable of far more. Regular data extraction and AI-driven data extraction serve the same basic purpose: converting printed text into digital format. But the methods, accuracy, and applications of these two technologies are vastly different. This post delves into how AI-driven […]
How Veryfi Decodes the Expense Management Mystery September 4, 2024 - In the world of expense management, receipts are like cryptic messages, hiding valuable information in plain sight. But the truth is out there, waiting to be uncovered. Veryfi’s AI-driven data extraction technology powers companies like Brex to reveal all the hidden secrets in their financial documents and to transform secrets into actionable insights that drive […]
Dive into Veryfi Culture: Where Work Meets Play August 22, 2024 - At Veryfi, we believe that a great work environment is more than just a place to get things done—it’s a community where work and play blend seamlessly. Our culture is all about working hard and playing hard, creating a dynamic and exhilarating atmosphere that keeps us energized and engaged every day. One of the best […]
Business Bank Statements Reveal Spending Habits…but not everything August 22, 2024 - Bank statements offer a broad view of your business’s financial health, tracking every transaction, payment, and expense. They highlight spending habits and trends, but they don’t capture the full picture. Essential details—like how much you’re spending on specific supplies, services, or even individual vendors—are hidden in the receipts and invoices, not on your bank statements. […]
Why Insurance Claims Processing is Slower Than It Should Be (And How to Fix It) August 22, 2024 - Insurance claims processing often feels like a never-ending wait. For those dealing with chronic illnesses, the painfully slow pace of processing claims can be more than just an inconvenience—it can impact their health and well-being. Let’s dive into why processing insurance claims is so sluggish and explore how we can turn this around. What makes […]
How to Travel for Work: Organizing Documents and Paperwork August 22, 2024 - Traveling for work can be an exciting opportunity, but it also comes with its fair share of challenges, especially when it comes to managing the multitude of documents and paperwork involved. From booking flights and hotels to keeping track of receipts and expenses, the process can quickly become overwhelming. However, with the right tools and […]