Veryfi
Veryfi pulls structured data from receipts, invoices, and bank statements so your team stops keying figures by hand.
Independent overview by new Mantra · updated July 22, 2026
- Category
- Finance
- Pricing
- Free up to 100 documents/mo; pay-as-you-go $0.08 per receipt and $0.16 per invoice with $500/mo minimum; enterprise volume pricing
- Implementation
- 1-2 weeks
- Adoption risk
- Low
- Integrates with
- QuickBooks, Xero, Zapier, Sage Intacct, NetSuite, Google Drive
What Veryfi does
Veryfi is an API-based service that reads financial documents — receipts, invoices, bank statements, and more — and returns structured, line-item data in seconds. It uses machine learning to handle the extraction without any human reviewer in the loop, which keeps turnaround fast and consistent. The output feeds directly into accounting and expense workflows rather than landing in a spreadsheet for someone to clean up.
On the capture side, businesses can use a mobile or browser SDK to turn a phone camera into a document scanner, or send files programmatically through the API. Extracted data can flow into QuickBooks, Xero, Sage Intacct, NetSuite, or Google Drive, and Zapier connections open the door to a wider range of workflow solutions. Implementation is typically estimated at one to two weeks.
Veryfi holds SOC 2 Type II certification and states compliance with GDPR, HIPAA, CCPA, and ITAR standards — relevant if your business handles sensitive financial or personal data and needs a documented security posture before onboarding a new vendor.
Key capabilities
Receipt and invoice extraction
The API reads receipts and invoices and returns line-item data — not just totals — without manual review. This covers the core documents that drive most expense and accounts-payable workflows.
Bank statement processing
Bank statements can be submitted to a dedicated API endpoint and returned as structured data, reducing the effort of reconciliation and bookkeeping tasks.
Mobile and browser document capture
SDKs for mobile and browser let users scan documents with a phone or laptop camera, so field staff or remote employees can submit paperwork without a dedicated scanner.
Fraud detection on documents
Veryfi includes an AI-based fake document detection capability, which can flag suspicious invoices or receipts before they move further into an approval workflow.
Accounting platform integrations
Native connections to QuickBooks, Xero, Sage Intacct, and NetSuite mean extracted data can reach your books without a custom middleware layer.
Pay-as-you-go pricing with a free tier
Up to 100 documents per month are free, and beyond that the service charges per document — $0.08 per receipt, $0.16 per invoice — with a $500 monthly minimum on pay-as-you-go plans.
Best for
- Finance and accounting teams processing a steady volume of receipts and invoices who want to eliminate manual data entry
- Businesses already using QuickBooks, Xero, Sage Intacct, or NetSuite and looking for a direct feed of captured document data
- Companies that need documented security compliance (SOC 2 Type II, HIPAA, GDPR) before connecting a document solution to financial systems
- Development teams that want an API or SDK they can embed into an existing product or internal workflow solution
- Organizations processing enough documents each month to justify automation but not yet at the scale requiring a full enterprise AP platform
Worth knowing
- The pay-as-you-go tier carries a $500 per month minimum, so businesses with low or irregular document volumes may find the free 100-document tier too small but the next tier too expensive to justify.
- This is an API-first product — getting full value typically requires developer involvement for initial setup, even with the one-to-two-week implementation estimate.
- Veryfi focuses on financial documents (receipts, invoices, bank statements, and related types). If your main need is contracts, HR forms, or general business documents, the fit is narrower.
- Zapier is listed as an integration, but more complex workflow requirements beyond the named accounting platforms may need additional configuration or custom development.
- If you have no immediate need for document data extraction and your volume is well below 100 documents per month, the solution may be more infrastructure than the problem currently demands.
Related solutions
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