BillPay Automation
Transform your bill pay app into an intelligent powerhouse by integrating Veryfi's advanced document capture software and data extraction APIs. Turn tedious bill/invoice handling into instant snap-and-done automation that your users will love.
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How It Works
Benefits
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Invoice Fraud Reduction by 90%
Learn about Veryfi’s Fraud Detection data services.
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Higher Customer Retention
84% of businesses stay with automated bill pay providers vs 56% with manual (Forrester Research)
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Work Smarter, Not Longer
Reduce your user’s 3-5 minutes per invoice processing to seconds.
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Maximize Revenue
By providing Level 3 Data you keep 0.30-0.50% more per transaction for your platform.
Core APIs – Essential for Bill Pay Operations
Transform your bill pay platform with our core document processing APIs designed specifically for accounts payable workflows. These essential integrations automate the complete payment lifecycle from invoice receipt to bank reconciliation, eliminating manual data entry and reducing processing time by up to 90%. Build products like Bill.com, and custom AP automation solutions.
Core capabilities include:
Instant invoice digitization with line-item accuracy across 91+ currencies
Automated bank reconciliation and payment verification
Bank Statements OCR API
Accelerate loan underwriting and fraud detection. Extract transaction details, account balances, and financial patterns to automate credit decisions, reconcile accounts, and strengthen compliance reporting.
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.
Pro APIs – Advanced Bill Pay
Supercharge your bill pay platform with advanced document processing that ensures compliance and streamlines vendor management. These complementary APIs enable three-way matching, automated vendor onboarding, and international tax compliance – transforming your platform from basic bill pay to comprehensive financial operations management.
Advanced features include:
Purchase order matching for complete procurement oversight
Automated vendor tax document processing and compliance
International supplier onboarding with FATCA compliance
Enhanced audit trails and regulatory reporting capabilities
Seamless check processing with routing number extraction
Real-time vendor statement analysis and balance tracking
Bank Checks OCR API
Extract data from bank checks, including routing and account numbers. Process check amounts, payee information, dates, and memo fields to automate payment processing, fraud detection, and financial reconciliation workflows.
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.
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.
W-8BEN-E OCR API
Verify international tax withholding and ensure FATCA compliance. Extract entity information and tax identification numbers to automate international tax workflows and reduce compliance risks.
W9s OCR API
Automate HR workflows with intelligent form processing. Extract taxpayer identification, business information, and certification details to streamline vendor onboarding, contractor management, and tax reporting compliance.
Ultimate – Complete Platform
Capture Software and Fraud Detection APIs form the ultimate upgrade to your bill pay automation – capturing bills with crystal-clear scans regardless of lighting or angles, while automatically identifying altered bills, manipulated receipts, and suspicious activities. This powerful combination eliminates manual verification overhead and mitigates fraud risks, creating a seamless bill payment experience that most apps struggle to deliver.
Fraud Detection APIs
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.
Lens for Browser
Bring the same power of Lens for Mobile into your browser based application. Whether it’s on your desktop or mobile, Chrome, Firefox, or Safari, you can provide your customers with the best AI-Powered Browser Document Capture experience – embeddable using just HTML and requiring zero download. With machine vision interface designed for scanning financial documents, Lens for Browser is so intuitive even your mother will love it.
Mobile Document Capture
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.
Features
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Supported Invoice Types
– Purchase Order (PO) Based Invoices
– Non-PO Invoices
– Recurring Invoices
– 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.
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.
