Veryfi

What is Veryfi?

Veryfi is a powerful suite of multimodal APIs and SDKs designed to transform unstructured documents into actionable, structured data. Specializing in OCR (Optical Character Recognition) technology, Veryfi excels at extracting information from invoices, receipts, checks, bank statements, and more with an impressive 99.9% accuracy rate. Whether you're dealing with paper-based forms or digital uploads, Veryfi's AI-driven platform automates data capture and processing, making it ideal for businesses looking to streamline operations without the hassle of manual entry.

Founded in Silicon Valley, Veryfi has been pioneering document automation long before it became a mainstream trend. Trusted by leading organizations across fintech, healthcare, and retail, it boasts high ratings on platforms like G2 (4.6 stars) and Capterra (4.8 stars). Its enterprise-grade security, including SOC 2 Type II certification and compliance with GDPR, HIPAA, CCPA, and ITAR, ensures your data remains protected while being processed at lightning speed.

How Does Veryfi Work?

At its core, Veryfi leverages advanced AI and machine learning models to handle multimodal inputs—meaning it processes images, PDFs, and even live camera feeds from mobile devices or browsers. The process is straightforward and efficient:

1. Document Capture: Use Veryfi's Lens SDKs for seamless integration. The Mobile SDK captures documents via smartphone cameras, while the Browser SDK works directly in web interfaces. For specialized needs, there's even a Credit Card SDK and a PDF Capture + Splitter tool to handle multi-page files effortlessly.

2. Data Extraction: Once captured, Veryfi's RESTful APIs kick in. For example, extracting data from a receipt involves a simple API call:

   from veryfi import Client
   my_client = Client().config_receipt("api-key")
   receipt_doc = my_client.doc_from_path("/path/to/receipt.jpg")
   parsed_receipt = receipt_doc.parse("receipt")
   

   This returns structured JSON with details like vendor name, total amount, taxes, and line items. It supports 38+ document types, including bank checks, W-2s, W-9s, and hotel folios.

3. Value-Added Processing: Beyond basic extraction, Veryfi offers services like Document Classification (to categorize files automatically), Fraud Prevention Suite (detecting anomalies in real-time), and a Business Rules Engine for custom validations. The GenAI Detector identifies AI-generated content, while Product Intelligence analyzes items for deeper insights.

The platform's no-code options, such as the Embedded AI Experience Builder and Workflow Automation tools, allow non-technical users to set up automations via drag-and-drop interfaces. Integration is a breeze with SDKs available in languages like Python, Java, Node.js, and Swift, plus ready-to-use GitHub samples and Postman collections.

Key Features of Veryfi

Veryfi stands out with its comprehensive feature set tailored for high-volume, real-world applications:

• High-Accuracy OCR: Achieves 99.9% precision on unstructured data, handling faded prints, handwritten notes, and multilingual documents.
• Real-Time Processing: APIs respond in seconds, enabling instant validation for loyalty programs or expense approvals.
• Mobile and Web SDKs: Capture documents on-the-go with features like WhatsApp ChatBot integration for user-friendly submissions.
• Fraud Detection: A two-tier engine flags suspicious activities, crucial for fintech and CPG sectors.
• Scalable Automation: Workflow tools connect to ERPs, RPAs, and accounting software, reducing manual tasks by up to 90%.
• Global Coverage: Supports documents from over 100 countries, with localized processing for currencies and formats.

These features are backed by a robust developer hub, including API docs, status monitoring, and tech articles on topics like bleed-through text segmentation and multimodal AI extraction.

Use Cases and Applications

Veryfi's versatility shines across industries, addressing pain points from data silos to compliance challenges. Here are some primary use cases:

Accounts Payable and Bill Pay

Automate invoice processing to speed up payments and reduce errors. Extract line-level details for granular matching against POs, eliminating three-way matching delays.

Expense Management

Employees snap photos of receipts via the mobile app, and Veryfi instantly categorizes expenses, enforces policies, and syncs with tools like Expensify or QuickBooks.

Fintech and KYC/KYB

For banking and insurance, process checks, IDs, and statements with fraud checks. Level 3 data from credit cards enhances transaction security.

CPG & Loyalty Programs

Capture long receipts in real-time for instant rewards, detect fraud in promotions, and analyze shopping behaviors to boost customer engagement—as seen in campaigns for PepsiCo and Crem Helado.

Healthcare and Insurance Claims

HIPAA-compliant extraction from superbills, insurance cards, and claims forms streamlines reimbursements and reduces administrative burdens.

Construction and Real Estate

Handle blueprints, timesheets, and rental invoices to improve project tracking and compliance, saving hours on data entry.

Customer stories highlight real impact: HIT’s back-to-school campaign succeeded with Veryfi's instant recharges, while LALA's nationwide promotion relied on its multi-channel OCR for seamless engagement.

Who is Veryfi For?

Veryfi is perfect for mid-to-large enterprises needing reliable document automation. Target users include:

• Finance Teams: AP clerks and accountants tired of manual entry.
• Developers: Building apps in fintech, ERP, or e-commerce with easy API integrations.
• Business Owners in Retail/Healthcare: Seeking fraud-proof loyalty or claims processing.
• IT Leaders: Prioritizing secure, scalable solutions compliant with global standards.

If you're in construction managing vendor bills or in real estate tracking leases, Veryfi's accuracy and speed will transform your workflows.

Why Choose Veryfi Over Competitors?

In a crowded OCR market, Veryfi differentiates with its end-to-end platform: from capture to automation, all under one roof. Unlike basic scanners, it offers AI-powered insights like product intelligence and no-code builders. Its blazing-fast APIs (processing in under a second) and proven track record—powering successes for brands like PepsiCo—make it a day-one ready solution. Plus, the free 14-day trial lets you test without commitment.

Security is non-negotiable: SOC 2 Type II certification means audited controls for data handling, giving peace of mind for sensitive industries.

How to Get Started with Veryfi

Getting up and running is simple:

1. Sign up for a free account—no credit card needed.
2. Grab an API key from the Dev Hub.
3. Integrate via SDKs or test with the online demo.
4. Customize workflows using the no-code builder.
5. Scale with enterprise support and global coverage.

For deeper dives, explore resources like the Veryfi Book, videos, or schedule a demo. With headquarters in San Mateo, CA, Veryfi is committed to liberating data for human potential across finance, healthcare, and beyond.

In summary, Veryfi isn't just an OCR API—it's a complete ecosystem for turning documents into data-driven decisions. Whether optimizing expense management or preventing fraud in loyalty programs, its AI precision and ease of use deliver tangible ROI, making it the go-to choice for modern businesses.