Veryfi Receipts OCR & Expenses

Veryfi is a certified application that is dedicated to protecting customer data. It is now SOC2 Type2 certified, which shows their commitment to safeguarding customer information. The application is able to extract various types of data, such as vendor information, payment details, totals, taxes, and even line items, in just a matter of seconds. It is also compliant with various regulations, including CCPA, HIPAA, GDPR, and ITAR.

One of the most impressive features of Veryfi is its ability to recognize vendors from their logos using machine learning technology. It can also extract handwritten information, such as transaction totals, subtotals, tips, and even dates and times. The application is also able to detect different types of currencies and automatically convert them based on the date on the receipt or invoice. It also categorizes receipts based on regional accounting and tax codes.

Veryfi is packed with a variety of features that make it a valuable tool for businesses. Its fast OCR technology allows for quick digitization of receipts, bills, and invoices. It also has a project management feature that allows for the precise recording and automation of purchase activity. The application also has a secure vault for storing important business documents, such as W2s, 1099s, and EINs. Custom reporting options are also available, as well as the ability to connect and sync with popular accounting and payroll software.

For teams, Veryfi offers the ability to add team members to the account, providing real-time field intelligence data and insights. The application is also compliant with various regulations, such as CCPA, HIPAA, and GDPR, and all data is encrypted for added security. Veryfi is particularly useful for the construction industry, as it offers a separate app for tracking time and materials with minimal data entry.

Overall, Veryfi is a cutting-edge application that is revolutionizing bookkeeping and data entry. Its use of machine learning technology allows for quick and accurate extraction of data, saving businesses valuable time and resources. With its various features and compliance with regulations, Veryfi is a valuable tool for businesses of all sizes.