What is Veryfi?
Veryfi offers powerful OCR APIs tailored for extracting data from invoices, receipts, checks, and various unstructured documents in real-time. Designed to enhance data capture and minimize manual input, Veryfi's solutions streamline operations across multiple industries, ensuring accuracy and speed. Their mobile SDK and document capture tools facilitate swift data liberation, providing businesses with the essential visibility needed to make informed decisions.
What are the features of Veryfi?
- Comprehensive OCR Solutions: Support for a multitude of documents, including receipts, invoices, W-2s, checks, and bank statements.
- Real-Time Data Extraction: Process documents in real-time, significantly reducing the time spent on data entry.
- Mobile SDK: Easily implement camera functionalities in mobile applications with Veryfi Lens, enhancing document quality.
- Fraud Detection: Robust algorithms that help identify and prevent fraudulent activities, ensuring a secure data environment.
- Business Rules Engine: Customize and implement line-level policies to align with your business’s specific needs.
- Chatbot Capabilities: Leverage WhatsApp ChatBot for seamless document extraction, enhancing user interaction and experience.
- Intelligent Document Processing: Utilize AI and ML for advanced data handling and extraction efficiency.
What are the characteristics of Veryfi?
Veryfi's offerings stand out due to their modular architecture, allowing users to pick and choose which features best suit their needs. The platform is built on bank-grade security protocols, ensuring compliance with the highest standards, including SOC 2 Type 2, GDPR, HIPAA, and CCPA. This comprehensive security model not only protects sensitive data but also builds trust with users and clients.
What are the use cases of Veryfi?
- Accounts Payable Automation: Dramatically reduce manual data entry in accounts payable through automated document processing.
- Expense Management: Ideal for finance teams to efficiently track and manage expenses with real-time validations and capture capabilities.
- Construction and Real Estate: Streamlines processes by managing bills, invoices, and receipts that are pivotal in these sectors.
- FinTech Solutions: Perfectly integrates into financial service applications, enhancing features related to expense reporting and bill payments.
- Healthcare Finance Management: Manages claims and receipts, ensuring the healthcare finance process is efficient and compliant.
- Consumer Loyalty Programs: Enhances loyalty app functionality with real-time receipt validation and fraud detection capabilities.
How to use Veryfi?
Implementing Veryfi's services is straightforward. Developers can start by accessing the Well-Documented SDKs for numerous programming languages such as Python, Java, and PHP. Here’s a simplified usage example in Python:
from veryfi import Client
my_client = Client("api-key")
receipt_doc = my_client.doc_from_path("/path/to/receipt.jpg")
parsed_receipt = receipt_doc.parse("receipt")
This snippet demonstrates the process of initializing a Veryfi client, uploading a receipt document, and extracting data seamlessly.
