Accounts Payable Automation
Optimize your accounts payable processes with automated document processing. Capture and extract invoice data efficiently to streamline payments, reduce errors, and ensure timely processing.
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AP Automation Tools
Stop drowning in invoices. Veryfi’s AI-powered accounts payable automation extracts, validates, and processes vendor bills instantly – no manual data entry needed. From purchase orders to payments, transform your entire AP workflow into a streamlined digital operation. Cut processing costs by 80%, eliminate errors, and let your team focus on strategy instead of data entry. Whether you process hundreds or millions of invoices, Veryfi scales with your business while maintaining bank-grade security and accuracy.
instantly processed a backlog of 70,000 invoices by integrating Veryfi with their RPA system.
Instant Benefits
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Accuracy & Compliance
Reduce error rates from 3.6% to 0.3% (IOFM) and catch 92% reduction in duplicate payments (AFP).
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Team Impact
Get back 68% of your day (Goldman Sachs Payment Research 2023) and eliminate 91% of lost invoices (Levvel AP Automation Study 2024)
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3x your AP Team’s Capacity
Process 15,000 invoices per employee versus 5,000 manually (Institute of Finance & Management Benchmark Report, 2023)
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Business Efficiency
Cut per-invoice costs by 80%: from $14.93 to $2.94 (APQC, 2023)
Data Extraction APIs
Streamline accounts payable processing with intelligent document automation. Transform invoice processing from hours to minutes while eliminating manual data entry errors and accelerating vendor payments.
Freight Invoice OCR API
Automate freight billing and optimize supply chain costs. Extract transportation fees, cargo handling charges, and shipping costs to streamline accounts payable and reconcile carrier charges efficiently.
Invoices OCR API
Enable 3-way matching with line-item accuracy, transforming your P2P workflows. Supports 91+ currencies, 38+ languages. Extract vendor details, line items, taxes, and payment terms to automate accounts payable processes and improve financial accuracy.
Purchase Orders OCR API
Instant PO digitization across global currencies and languages, making procurement painless. Extract purchase order numbers, supplier information, item details, and delivery terms to streamline procurement workflows and enable automated three-way matching.
Receipts OCR API
Capture receipts with line item details for 91+ currencies and 38+ languages. Extract merchant information, itemized purchases, taxes, tips, and payment methods to automate expense management and financial tracking.
Vendor Statement OCR API
Track outstanding balances and reconcile payment histories automatically. Extract vendor data to monitor supplier relationships, ensure compliance with payment terms, and streamline procurement workflows.
API Features
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Supported Invoice Types
◦ Purchase Orders (POs)
◦ Expense Invoices
◦ Contract-Based Invoices
◦ Credit Invoices/Memos
◦ International Invoices
◦ Freight/Shipping Invoices -
Automated Extraction
◦ Multi-language support
◦ Currency conversion
◦ Tax calculation
◦ Line item detail
◦ Payment terms -
Validation Rules
◦ PO matching
◦ Price verification
◦ Quantity validation
◦ Tax calculation
◦ Currency conversion -
Integrations
◦ ERP systems
◦ Accounting software
◦ Payment systems
◦ Approval workflows
◦ Archive systems
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Enterprise-Grade Security
Veryfi is SOC 2 Type 2 certified and 100% automated, ensuring that your sensitive data stays in your control.
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Mobile Capture Framework
Add Veryfi Lens to your mobile enterprise apps to support business processes that include remote workers, such as freight and delivery personnel.
It’s Time To Build
3-Way Matching
Automatically match invoices against purchase orders and receipts to eliminate payment errors and unauthorized charges. Reduce invoice processing time by 85% while ensuring complete spend visibility and vendor compliance.
Invoice Processing & Approval
Streamline invoice workflows from receipt to payment with automated data extraction and routing. Eliminate manual data entry errors and accelerate approval cycles from weeks to hours with intelligent workflow automation.
Vendor Reconciliation
Automatically reconcile vendor statements against processed invoices and payments to identify discrepancies. Reduce month-end close time by 60% while maintaining accurate vendor relationships and payment tracking.
Freight & Shipping Cost Management
Automate freight invoice processing and cost allocation across shipments and purchase orders. Gain complete visibility into shipping expenses and identify cost optimization opportunities through automated freight audit workflows.
Purchase Order Management
Transform purchase order processing with automated creation, approval, and tracking workflows. Maintain complete procurement visibility and ensure budget compliance through intelligent purchase order automation and vendor coordination.
New Business Models
Here’s to the builders. The misfits. The rebels. The troublemakers. The ones who see things differently. They create new business models not yet seen on the market. They are the leaders. The contrarians. Because the people who are crazy enough to think they can change business forever… are the ones who do.Automate Your Industry with AI
Fintech & Banking
Streamline vendor payment processing with automated invoice verification and approval workflows. Real-time purchase order matching reduces payment disputes by 78%. Complete audit trails for regulatory compliance across all financial transactions and vendor relationships.Insurance
Automated claims vendor invoice processing with instant verification against purchase orders. Streamlined contractor payment workflows that reduce processing time from days to hours. Enhanced fraud detection through automated receipt validation and vendor statement reconciliation.
Real Estate
Instant property maintenance invoice processing with automated approval routing. Streamlined contractor payment workflows for construction and renovation projects. Automated utility and service invoice processing that reduces property management overhead by 65%.
Healthcare
Automated medical supplier invoice processing with instant purchase order verification. Streamlined pharmaceutical and equipment vendor payments through automated 3-way matching. Enhanced compliance workflows for medical device procurement and payment processing.Legal & Compliance
Automated legal vendor invoice processing for expert witnesses and court services. Streamlined discovery vendor payment workflows with automated receipt verification. Enhanced audit preparation through automated vendor statement reconciliation and compliance reporting.Government & Public Sector
Automated contractor invoice processing with mandatory purchase order compliance verification. Streamlined public procurement payment workflows that ensure regulatory compliance. Enhanced transparency through automated vendor statement reconciliation and public reporting requirements.Frequently Asked Questions
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Do you have Document Capture software?
Yes. Transform your app with an intelligent document scanner that just works. Our powerful camera framework SDK handles the hard stuff – bad lighting, tricky angles, messy backgrounds – so users can capture crystal-clear document scans anywhere, anytime and even offline. Learn more
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Do you Detect Fraud?
Yes. Identify altered bills, manipulated receipts & bills, suspicious activities, duplicate documents and more. Mitigate risks in your loyalty programs and bill payment solutions by proactively flagging potential fraud, eliminating risk and associated costs. Learn more
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How fast are the API responses for data extraction?
On average it takes about 3 seconds per page to extract all the data from a document and return a structured JSON with enrichments.
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What international languages do the Veryfi APIs support?
With support for 110+ data fields, 91+ currencies, and 38+ languages, you can effortlessly extract line item details from every critical document. See worldwide coverage page for the detail.
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Can I get line item data for policy controls?
Yes. We specialize in extracting line items and enriching the product level information so you can enable 2-way and 3-way matching and reconciliation.
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Can I use a RPA solution with this?
Yes. Veryfi works with all RPA solutions on the market.
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Can I train the machine model for a specific field/use case?
Yes. This option is available on all our Platinum Support plans. We have our own Nvidia DGX H100 machines located in Santa Clara data center in the heart of Silicon Valley allowing us to rebuild our foundation models anytime with ease.
