Veryfi is an AI document processing platform that turns unstructured financial documents into clean, structured data, automatically, in real time, and without anyone having to touch them manually.
At the core is our OCR and machine learning engine, which reads any document - invoices, receipts, purchase orders, bank statements, expense reports, W-9s, EOBs, checks, extracts 150+ data fields in under 3 seconds. Not just the basics like vendor name and total amount, but line items, tax breakdowns, payment terms, GL codes, and document-level metadata that actually makes the data usable downstream.
Here's what that looks like in practice:
Accounts payable teams stop manually keying invoices and route them straight into their ERP or approval workflow
Expense management becomes hands-off – employees snap a photo, Veryfi reads the receipt, and the data is ready for reimbursement without the back-and-forth
Banks and lenders use Veryfi to process bank statements and financial documents during underwriting, without waiting on manual review
Insurance and healthcare companies extract data from EOBs and claims documents at scale
Enterprises with high document volume replace outsourced data entry operations with Veryfi's API, keeping data in-house and cutting processing costs significantly
Beyond extraction, Veryfi also handles:
Fraud detection – flagging duplicate documents, altered fields, mismatched vendor data, and suspicious patterns before anything gets approved or paid
Document classification – automatically identifying what type of document came in so it gets routed to the right workflow without manual sorting
Data validation – cross-checking extracted fields against business rules so errors get caught at the source, not three steps later
Compliance and audit trails – every document processed leaves a structured, timestamped record that holds up during audits
How teams connect to Veryfi:
Veryfi is built API-first, so it drops into existing tech stacks without requiring teams to rip anything out. Engineering teams integrate directly via API. Non-technical teams use Veryfi's web dashboard or mobile apps. And for companies already using QuickBooks, Xero, or major ERPs, native integrations handle the data flow automatically.
The bottom line: Veryfi takes the most manual, error-prone part of finance operations and makes it disappear. The documents still come in – Veryfi just handles everything that happens next.