What is Veryfi?
Veryfi is a sophisticated AI-powered OCR (Optical Character Recognition) platform that specializes in automated data extraction from various business documents. The platform leverages deterministic AI models trained on state-of-the-art Nvidia H100s and A100s hardware to ensure accurate and reliable document processing.
The platform offers comprehensive document processing capabilities, including invoice processing, receipt scanning, business card recognition, and bank statement analysis. With support for 38 languages and 91 currencies, Veryfi maintains SOC 2 Type 2 certification and ensures compliance with major data privacy regulations including HIPAA, GDPR, and CCPA.
Features
- Deterministic AI Models: Trained in-house on H100s and A100s for reliable data extraction
- Multi-Document Support: Processes receipts, invoices, W-2s, W-9s, and business cards
- International Coverage: Supports 38 languages and 91 currencies
- Security Compliance: SOC 2 Type II certified with HIPAA, GDPR, and CCPA compliance
- Advanced Processing: Automatic document categorization and duplicate detection
- Mobile Integration: Lens framework for iOS, Android, and web browsers
- Document Management: Automatic rotation and splitting capabilities
- Real-time Processing: High-speed API with 99.995% uptime
Use Cases
- Accounts Payable Automation
- Expense Management
- CPG Loyalty Programs
- Construction Documentation
- Healthcare Document Processing
- Real Estate Document Management
- FinTech Integration
- Business Card Data Capture
FAQs
-
How are API Transactions defined?
An API Transaction is a request to extract data from a single document that spans no more than 15 pages. Documents with more than 15 pages require custom account configuration. -
How does Veryfi's deterministic AI compare to LLMs?
Veryfi's ML models are deterministic and trained in-house, providing reliable JSON results, unlike LLMs which can be non-deterministic and prone to hallucinations, making them unreliable for financial numbers. -
What is your uptime / availability?
Veryfi offers 99.995% uptime through a blue/green process for automated deployments, with real-time status monitoring of all Web and API services.
Related Queries
Helpful for people in the following professions
Veryfi Uptime Monitor
Average Uptime
100%
Average Response Time
740 ms
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