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Community > App Reviews >

Veryfi

Started by Xero API -   in App Reviews |Bills + Expenses

4.3 out of 5 stars
 
Based on 10 user ratings
If you are a user of Xero and Veryfi, tell us how you are getting on and your experience so far. Any tips?

About Veryfi


Extracts all the data from your receipts in real-time categorizes and pushes them into your Xero Purchases, Bank Transactions or Expense Claims. For more information, check out Veryfi.

Tip

Remember if you have questions or need assistance with Veryfi, this is not the best place to ask - this forum is for reviews and feedback only.

For general support, check out the Veryfi support center or email support@veryfi.com.

One of the main problems we have when we go shopping is that the guarantee of the clothes we buy is linked to the receipts they give us, these receipts are some strips of paper that are usually made with an ink that does not exist in the days or it disappears. Therefore, the probability of losing our warranty is very high since the receipt is easily wrinkled, the ink is erased and the most frequent option that often happens is that we lose or lose it.

Now in case I need to ask for a guarantee of my purchase or change a product because it does not fit my size, it is a completely easy task for me since the receipt is already registered in Veryfi at any time I can access it from the mobile application what guarantees me not to deal with headaches when looking for my receipt. To look for my receipt is as simple as searching for the name of the store or search for a category or tag that you have put.

To conclude recommend 100% this accounting application that has a free version which makes it an option at hand for all who like to take a shopping without headaches
 

Laura Gallego  

I'm in the Construction industry, started using Veryfi about a year ago when it was a simple and easy to use tool that allowed me to capture my receipts and submit those to my Xero account.
Since then Veryfi moved from being a good app to The Best tool for expense tracking and time tracking for my whole workforce. I got all my 14 guys on the field scaninning all the purchase confirmations when they buy material and I will never miss a receipt again.

Their OCR with Machine Learning captures all the information correctly in 99% of my scanns.
I'm now saving thousands of dollars every month with theyr apps. + I have full transparance my guys are now have no excute to loose their receipts.

I tried many different recipt scanning apps before, but chose Veryfi simply because their service is the Fastest and the most Accurate.

5-Stars app and SuperB Support team!

- David
 

David Moorelow  

I started using Veryfi a few days ago and I'm already in love ❤️❤️❤️
Onboarded all my 18 employees to it already.

Here is my little "pre-Veryfi" story:
"Previously I tried many different expense apps, but to be honest they all sux... Those other apps advertise automation, AI and other buzz words but 'cmon AI that takes hours to process receipts and bills 😳? And when I asked those companies why it takes hours to extract data from receipts, the answer that I was always given stated that they have a long queue of documents and machines take time to process (HOURS!) and then real person has to validate that data. So basically someone in other country (they said it's India or Philippines) is looking into my Financial documents? I was shocked once I found that.... + they were still making mistakes when transcribing my receipts. In the epoch of Self-Driving cars we have people transcribing receipts + I have a huuuge security concern about their approach. I'm not going to call the names of those companies, but be aware that if it takes longer than a minute to process your receipt or bill, then it is done by human...."

Anyway with Veryfi it takes up to 5 seconds to process bills and receipts, that's the real Innovation!

Pros:
- Super fast, under 5 seconds to process bills
- Super Accurate, so far I didn't need to make any corrections, the AI gets it all right
- Love the cropping feature in the app that removes the background and only leaves the document in the picture
- Secure and HIPPA, GDPR compliant
- UI/UX of the mobile app is Awesome
- I'm not comfortable to give all my employees access to Xero, but they are all using Veryfi and our corporate cards, and now all the transactions flow seamlessly to our Xero account

Cons:
- Only deals with Expenses, I wish I could also push my income transactions from Veryfi to Xero

Good job guys!! Hope my review will help you to get more happy customers like me :)

-Ken
 

Ken Westlin  

I started using veryfi free version to start with. After a while though I chose to subscribe (mainly for storage of records). I have found them to be a lot cheaper than SquirelStreet, and yes I have to do a little work myself, but it is worth it.
I look at every transaction I record. I make sure its category is relevant at the time of posting. And that I have used the correct payment method. My data is correct each day.
And I love just emailing any receipts I receive by email off for processing—and they are processed almost immediately.
And the fact that I have data stored in my dropbox for anytime access is fabulous and reassuring knowing I have a second cloud backup.
I don't use the XERO integration YET! But I think that will be great to.
I put everything through it, work expenses, groceries, cash at the markets—letting me look at my spending. (it's a bit frightening sometimes, but enlightening as well.
I thoroughly recommend veryfi and Xero. Would love to squeeze in an extra star if I could. It has saved my a lot of money and has been a great way to capture small cash expenditures easily and reduce the risk of losing them.
 

Theo Levonis  

I have been using Veryfi now for over 6 months and to sum up my experience "I LOVE IT".

This product saves me approx. 3 hours per month of data entry and reconciliation. Get a receipt, capture it with the app and add the description in the notes field... simple!

The log book app is a must for anyone who wants to track milage that can be charged to customers, some further development of this so transfer of charges to Xero is still required, but I have found the developers both responsive and interested.

Support is nothing other than superb!

Give this app a go if you are a road warrior and want to track your expenses easily when you are travelling. I'm converted!!!
 

Mat Watkins  

This company now goes by the name Veryfi. Worth looking at, if they continue to enhance it, I believe it will be superior to every other expense app out there.

Pros:
- Amazing speed on pictures/scans of receipts and amazing auto-recognition of all details (price, vendor, even hand written tips!) all of which get entered automatically. Truly in a class by itself.
- Integration with Xero blows away most other apps such as Expensify. For instance Expensify exports all transactions to Xero bank/credit accounts so the "to" and description" shows up as "Expensify". Veryfi does it so much better, every transaction has the "To" to the actual vendor and the description of what it actually was, and it even attached the receipt in Xero!
- Entries show up in Xero in seconds or minutes!
- Xero integration was crazy easy, I had it running in 2 minutes.
- Fantastic integration with a number of services, for instance all receipts can be synced with services such as DropBox for storage.

Cons
- Unless I am missing something, if a user has added an expense that came in on the bank feed without adding a receipt, there is no column to show whether a receipt has or hasn't been attached on the "My Team" or "My Documents" screen. Very bizarre and a huge issue.
- Bank feeds are nowhere as powerful as Expensify at this point. Expensify has evidently sunk a lot of money linking with corporate bank feeds such as Amex small business, where they are able to pull every card in on our account separately. Veryfi can only pull the owners card in with every transaction for the company, even if the company has 10 cards (Xero and QB bank feeds are no better at this, so this limitation is not unique to Veryfi). However it can still pull in other employees cards separately, it is only the owners card that presents an issue.
- Price seems a little high at $15 a user per month, and is 3x what they were charging just 6 months ago. IMO it should be less than $10 per user based on other market offerings.

FYI this is more of a receipt bank competitor at this point than an expense report management app. It lacks the advanced expense controls of a product like Expensify. But for a lot of small businesses, I think this will compete with Receipt Bank at a fraction of the price.

Conclusion - incredible potential but at least for our company we won't be able to use it until they add some more features. But for a lot of companies this may already be the perfect solution.
 

David Haddad  

I have tried IQBOXY, but first of all - integration with Xero fails each time.

But even the core functionality is not working properly. I have scanned 2 receipts, each in different currency. They were not recognized, not even a single detail from each receipt was registered in IQBOXY. Moreover, when I tried to edit the details manually, system was losing my edits.
So I have entered the amount (which was not recognized), then changed the currency. And noticed that the amount is again 0.00. So I have entered it again. Only to see that the currency returned to the base currency (which is actually set automatically based on my location, which is not the base currency for my business and not the main currency I have expenses in...).

Took me few minutes playing cat&mouse before I managed to edit this one receipt. It would be 10 times faster to enter it manually to Xero.

Perhaps it can improve in time, but my first impression is quite negative.
 

Bartłomiej Wasiewski  

We recently switched to Xero from MYOB, and are very happy with this. As part of the switch I researched methods of uploading receipts etc into Xero, and felt that IQBoxy was worth a try. We are extremely happy with it, and the multiple ways in which documents can be imported. The specialised email address for sending/forwarding invoices etc is really good, and the photo/scanning technique also works very well.

We are also extremely happy with the speed and quality of the support we have received.
 

John Watson  

I like IQBoxy very much. At first I had some problems with the currency conversion, but it is now working perfectly. Honestly, I cannot even estimate how much time this has saved me. If I had to manually enter each receipt and then make a currency conversion and then separately import each transaction into Xero? My god, the administration work would be crazy. Instead, I just snap a photo and IQBoxy does everything else. Since I'll be abroad for my business quite a bit, I cannot live without this app.
 

Rachel Wilson  

IqBoxy has saved us incredible amounts of time from traditional scanning and upload processes. The automatic tag feature for frequent vendors is a huge time saver and the google drive sync is awesome. It just works.
 

Nicholas O'Connor  

iqBoxy is now an indispensable tool for my business accounting. As a self-employed individual, I started using iqBoxy in early 2015 in order to capture receipt images while traveling and out of the office. The goal was to find a user-friendly option to provide the receipt capture functionality at point of sale, integrate with Xero, and do these things without creating an ongoing IT headache. I had previously used Concur in my old W2 corporate job, which has been my basis for comparison.
IqBoxy was good in the beginning but the Xero integration wasn't quite where I needed it to be. I communicated with the iqBoxy team and received meaningful communication regarding my needs. Product enhancements began very quickly and I have watched iqBoxy continually improve. Almost one year later, I can say that that iqBoxy has now gone from good to great. Xero integration is tight and each individual receipt can be allocated to various accounts within Xero. For example, one receipt can be allocated as an expense claim within Xero while another may be allocated to checking or a corporate credit card. In addition, all receipts are backed up with Dropbox for safekeeping, the app improves continually, and the accuracy of receipt image OCR has done the same.
I am now comfortable enough with iqBoxy that I discard paper receipts immediately after capturing them with the iPhone app. IqBoxy is that good and highly recommended to anyone considering it as a solution for their needs.
 

Craig Borden