Katie Nguyen Katie Nguyen

In a world increasingly driven by automation, the battle for operational efficiency hinges on one critical factor: the accuracy of extracted data. For industries from fintech to healthcare, inaccurate document processing introduces errors, rework, compliance risks, and financial losses. Yet, traditional OCR models have hit a ceiling when it comes to processing the messy, crumpled, […]

We are thrilled to share some exciting news — Veryfi has been ranked #1 in Forbes’ Best Receipt Scanner Apps of 2025! In a rapidly evolving digital landscape where automation, accuracy, and security are paramount, this recognition from Forbes is a proud moment for our team, customers, and partners. It affirms what we have been […]

As organizations strive to eliminate inefficiencies, traditional automation tools—RPA bots, rule-based systems, and static workflows—are reaching their limits. We’re entering the Agentic AI era, a new class of intelligent systems designed to act independently, adapt in real time, and make decisions without being told what to do. This shift marks a major leap in automation. […]

Let’s be honest—most OCR providers barely scratch the surface when it comes to fraud detection. They mention “security” or “confidence scores,” but rarely explain how they detect fraud—if at all. At Veryfi, we believe fraud prevention deserves more than a footnote. That’s why we’ve embedded field-level, behavioral, and image-aware fraud detection directly into our APIs. […]

Expense management is undergoing a major transformation—and AI is at the heart of it. Once a tedious, error-prone process, expense reporting is being reimagined through intelligent document processing (IDP), driven by breakthroughs in optical character recognition (OCR), machine learning, and natural language processing (NLP). Finance teams, controllers, and CFOs from startups, small businesses, and enterprises […]

From headlines about trade policies to sudden rate hikes, tariffs are back in the spotlight — and the pressure is rising. As of early April 2025, proposed tariff hikes between major global economies are targeting key categories like electronics, software, and certain services. Businesses in sectors like manufacturing, logistics, and tech are already experiencing ripple […]

In a world flooded with unstructured data, the ability to extract accurate, structured information is no longer a luxury — it’s a competitive necessity. Traditional OCR and template-based extraction tools helped businesses make the first leap toward automation. But they fall short in dynamic, real-world use cases. Enter context-aware AI — a new generation of […]

Manual invoice processing is outdated. Finance teams today are under pressure to reduce costs, minimize fraud, and speed up accounts payable (AP) workflows. That’s where OCR APIs for invoice automation come in — and not all are created equal. In this post, we compare leading OCR APIs—Veryfi, AWS Textract, Nanonets and Open-Source OCR tools—to help […]

When TechCrunch reported that ChatGPT’s new image model could create hyper-realistic fake receipts, it sparked a much-needed conversation across finance and tech: if AI can now generate believable documents, how do we protect our systems from them? For companies processing thousands of receipts, invoices, and financial documents every day, this isn’t a theoretical concern. It’s […]

Previously, busy healthcare administrators were drowning in paperwork and juggling between different tasks. Processing patient records, managing insurance claims, and ensuring compliance with industry regulations took up most of the team’s time. Faced with inefficiencies and potential errors, they needed a better solution—one that leveraged technology to automate these processes while maintaining the highest security […]

Medical billing is a complex, time-consuming process that can lead to significant financial strain when errors occur. Billing departments are overwhelmed with paperwork, reimbursements are delayed, and claim rejections are common. A simple typo or missing digit in an insurance policy number can result in weeks of back-and-forth corrections. What if you could scan an […]

Healthcare professionals face an overwhelming administrative burden. In fact, a 2016 study published in the Annals of Internal Medicine found that for every hour physicians spend with patients, they dedicate nearly two additional hours to administrative tasks. Consequently, this inefficiency contributes to clinician burnout, increased operational costs, and delayed patient care. Moreover, the financial impact […]

The healthcare industry is undergoing a digital transformation, with Intelligent Document Processing (IDP) at the forefront. Advancements in AI-driven automation and blockchain technology are poised to revolutionize medical coding, compliance, and fraud prevention. However, as healthcare organizations adopt these innovations, they must navigate evolving regulatory and security challenges, including HIPAA, GDPR, and fraud mitigation strategies. […]

Imagine a consumer buying their favorite snacks, beverages, and household essentials at a corner store. They grab a few promotional items, take advantage of a limited-time discount, and leave with a receipt in hand. For the brand behind these products, this simple purchase holds critical insights—but without the right technology, these insights remain untapped. Consumer […]

The Critical Role of Document Capture in Modern Applications In today’s digital world, capturing document data quickly and accurately is no longer just a nice-to-have. It’s now essential for staying competitive. Organizations in finance, construction, healthcare, and expense management are adding mobile document capture tools to their workflows. This change helps them cut down on […]

Duplicate Document Fraud: A Growing Threat to Business Operations It started with a routine audit. The accounts payable manager at a mid-sized manufacturing company saw something odd. The same vendor got paid twice for what looked like the same shipment. The only difference was the invoice numbers. Investigation showed a pattern over several months. Small […]

The Ethical Imperative in AI Data Extraction The rapid evolution of AI data extraction technology has transformed how organizations collect, process, and leverage information from documents and digital sources. For businesses implementing intelligent document processing, ethical considerations aren’t just compliance checkboxes but critical foundations for building trustworthy AI systems that deliver sustained value. Organizations that […]

Understanding the Integration Landscape Implementing check OCR technology requires a strategic approach that aligns with your institution’s technology stack, security requirements, and customer experience goals. This guide provides a roadmap for successful implementation while avoiding common pitfalls. Key Components of Veryfi’s Check Processing Solution Veryfi’s Bank Checks OCR solution consists of integrated components designed to […]

The Growing Challenge of Check Fraud in Banking Despite the digital transformation in banking, check fraud remains a persistent and costly threat to financial institutions. According to recent industry data, check fraud attempts have surged by 30% in the past year alone, with “check washing” schemes becoming increasingly sophisticated. For banks and financial institutions, this […]

The Commercial Banking Challenge: Balancing Tradition and Innovation Commercial banking stands at a pivotal transformation point. Despite the surge in digital payment methods, check payments remain a significant component of B2B transactions, representing nearly 40% of payment volume for many mid-market businesses. However, client expectations have fundamentally shifted – today’s commercial clients demand the same […]

The SALT (State and Local Tax) deduction is a federal tax benefit that allows taxpayers who itemize their deductions to reduce their federally taxable income by deducting certain state and local taxes they have paid. With the State and Local Tax (SALT) deduction cap potentially facing significant changes in 2025, organizations need robust systems to […]

In today’s fast-paced financial landscape, the gap between document processing and payment execution has been a persistent challenge for businesses. We’re excited to announce Veryfi’s new Payment Links Extraction feature, an innovative solution that automatically identifies and extracts payment URLs from documents, streamlining the journey from invoice processing to payment completion. How Payment Links Extraction […]

Tax software providers face a critical challenge in 2025: users demand intelligent document processing that can handle the complexity of multi-state tax requirements. While states like Wyoming and South Dakota maintain simple structures with no corporate or individual income taxes, others like New Jersey impose complex requirements with corporate tax rates as high as 11.5%. […]

Small businesses face a critical challenge as 2025 tax changes approach: managing increasingly complex Qualified Business Income (QBI) documentation requirements while maintaining operational efficiency. With the Tax Cuts and Jobs Act (TCJA) provisions evolving, traditional document processing methods no longer suffice. Research shows that businesses spend an average of 15-20 hours monthly on QBI documentation—time […]

The tax landscape is undergoing its most significant transformation in decades. As traditional document processing methods become obsolete and staffing challenges persist, organizations face a critical decision point: evolve or fall behind. Let’s explore how intelligent document processing is revolutionizing tax operations in this new era. Strategic Impact at a Glance: This strategic guide helps […]

With January’s 1099-NEC deadline behind us, accounting firms now face the March 31 electronic filing deadline for remaining 1099 forms. For firms processing thousands of 1099-MISC, INT, and DIV forms, this creates a critical window to evaluate and implement automation solutions. Understanding Your 1099 Processing Load Types of 1099 Forms Due March 31 Common Processing […]

In today’s digital-first business environment, intelligent document processing (IDP) has become essential for managing tax documentation efficiently. As organizations prepare for tax season, the ability to accurately extract and process W-2 and W-9 forms can significantly impact operational efficiency and compliance. Modern W-2s and W-9s OCR API are revolutionizing how businesses handle these critical tax […]

In the rapidly evolving landscape of business automation, two technologies are emerging as powerful allies: Optical Character Recognition (OCR) and agentic AI. I’m Jasneil Nat, and as a Solutions Engineer at Veryfi, I’ve witnessed firsthand how combining these technologies can transform manual document processing into intelligent, automated workflows. Let’s explore how this partnership is reshaping […]

Manual W2 processing costs extend far beyond basic labor expenses. Industry analysis shows firms face significant costs per W2 through processing time, error correction, compliance penalties, and hidden operational inefficiencies. Time-Intensive Tasks Draining Resources Section Purpose: Identifies specific manual processes that consume excessive time and resources. Data Entry Burden Quality Control Challenges Compliance Risks and […]

For tax professionals preparing for 2025’s W-2 requirements, critical changes from the Trump administration demand immediate attention: The New Tax Landscape: 2025’s Processing Demands Section Purpose: Establishes context and urgency by outlining major regulatory changes affecting W-2 processing in 2025. Helps readers understand why immediate action is necessary. The sunsetting of TCJA provisions combined with […]

Modern tax document processing requires a delicate balance between automation and professional judgment. Subsequently, the most effective approach combines AI-powered processing with strategic human oversight at key decision points. As a result, measuring tax document processing ROI has become crucial as accounting firms navigate digital transformation. A well-designed hybrid system should support both automated processing […]

As AI transforms tax document processing, a crucial question emerges: What is the optimal balance between automation and human expertise? While full automation promises efficiency, the most successful accounting firms are discovering that maintaining professional oversight creates superior outcomes. This guide explores how accountants can scale effectively during busy seasons and evolve their role alongside […]

Discover how Veryfi’s comprehensive security framework protects sensitive financial information through advanced encryption, rigorous certifications, and automated processing. Setting the Gold Standard in Data Security In today’s digital landscape, protecting sensitive financial information requires more than basic security measures. To ensure security compliance, Veryfi’s enterprise data security framework sets new standards for protecting sensitive financial […]

Data security standards have become the cornerstone of modern business operations. As organizations face increasingly complex threats, implementing robust data security standards and compliance measures is critical for protecting sensitive information. This comprehensive guide explores how different industries maintain security standards while ensuring regulatory compliance. The Evolution of Data Security Standards Today’s digital landscape demands […]

Year-end financial automation has become critical as finance teams face mounting pressure to close books accurately and efficiently. As December approaches, teams without automation scramble to process mountains of financial documents, racing against unforgiving deadlines. With 40% of accounting teams reporting significant accuracy issues during year-end closing, it’s clear that modernizing through year-end financial automation […]

Document processing has historically required dedicated apps and complex workflows. Today, Veryfi transforms this landscape by introducing document extraction through the world’s most widely used messaging platform – WhatsApp. Reimagining Document Processing Traditional document extraction faces critical challenges in today’s fast-paced business environment. Organizations juggle multiple platforms while users struggle with complex submission processes. Veryfi’s […]

Holiday expense management automation has become critical for modern businesses navigating year-end complexities. According to recent research from the Global Business Travel Association (GBTA), with 86% of organizations reporting increased business travel activity, the need for automated expense management during the holiday season has never been greater. As we approach year-end closing, organizations leveraging holiday […]

Holiday loyalty program automation is becoming crucial as retailers face unique challenges in 2024. According to McKinsey’s latest holiday shopping report, despite 6% annual growth in holiday spending, low consumer confidence is impacting shopping behavior. With consumers being more selective but willing to splurge on meaningful purchases, automated loyalty programs are becoming essential for capturing […]

Expense management just got simpler. Veryfi introduces WhatsApp integration, enabling instant receipt submission through the world’s most popular messaging platform. This new feature eliminates the need for additional apps while maintaining enterprise-grade security and accuracy. The Evolution of Receipt Capture Traditional expense tracking often creates friction in the user experience: WhatsApp integration directly addresses these […]

In today’s fast-paced business environment, automation isn’t just a luxury—it’s a necessity. Veryfi is taking another significant step forward in empowering organizations to achieve greater efficiency with the launch of our new Import and Export capabilities for Business Rules. Business Rules Engine (BRE) automates and enhances document post-processing by applying customizable conditions and actions. By […]

In our previous article, we explored the evolution of Intelligent Document Processing, from its origins in basic OCR to today’s AI-powered solutions. We examined how technological advances in machine learning, computer vision, and natural language processing have revolutionized document handling. Building on this foundation of understanding IDP’s capabilities and trends, let’s explore how different industries […]

Discover how Intelligent Document Processing (IDP) is revolutionizing document handling through AI and machine learning, delivering unprecedented accuracy and efficiency. Understanding Intelligent Document Processing Intelligent Document Processing (IDP) represents a sophisticated software solution that captures, transforms, and processes data from various document types – including emails, text files, Word documents, PDFs, and scanned materials. By […]

In today’s digital transformation era, AI expense management is revolutionizing how businesses handle financial documentation. Learn how the strategic blend of artificial intelligence and human expertise is creating more accurate, efficient, and reliable expense processing systems. The Evolution of Expense Management Gone are the days of manual receipt processing and spreadsheet-based expense tracking. Today’s AI-powered […]

Unlock the power of unstructured data management to drive business growth and innovation. Learn how to effectively manage and analyze the 80% of enterprise data that exists outside traditional databases. What Is Unstructured Data and Why Does It Matter? In today’s digital landscape, unstructured data has become the dominant force in business intelligence, accounting for […]

In Brazil’s diverse payment landscape, Boleto Bancário (commonly known as Boleto) stands as a cornerstone of financial transactions. This comprehensive guide explores how this unique payment system works and its significance in Latin America’s largest economy. What is Boleto? Boleto, established in 1993, is Brazil’s bank payment system that facilitates cash and online transactions. The […]

Financial institutions face increasingly complex check processing challenges in today’s digital banking environment. Before the era of digital banking and OCR technology, check processing was an intricate maze of manual operations and complex routing systems. The process was mainly with workers physically sorting checks and using mechanical adding machines for “listing” (adding up check values). […]

The annual W-2 processing rush brings a familiar headache to accounting firms and tax professionals alike. With studies showing that manual data entry can have error rates as high as 4%, and each mistake potentially costing hundreds in resolution time, finding efficient solutions isn’t just convenient – it’s crucial for business survival. Understanding and solving […]

Additional information fields in W2 forms provide valuable supplementary data about employee benefits, special compensation arrangements, and other critical details. These fields offer important context for tax treatment and benefits administration. While often complex, accurate extraction of this information is essential for comprehensive tax reporting and compliance. Applications of Additional Information Extraction Supported Additional Information […]

The wage and tax information fields in W2 forms represent the core financial data that employers, employees, and tax authorities rely on for accurate income reporting and tax compliance. These fields, including wages, federal withholdings, Social Security, and Medicare information, form the backbone of payroll tax reporting and verification. While critical, manual extraction of this […]

State and local tax information fields in W2 forms are essential components that ensure accurate regional tax reporting and compliance. These fields track wages and withholdings at state and local levels, making them crucial for multi-jurisdictional tax reporting. With varying tax requirements across different localities, automated extraction of this data becomes vital for maintaining accuracy […]

Checkbox fields in W2 forms, while appearing simple, carry crucial information about employee status, retirement plans, and benefits. These checkboxes in Box 13 provide essential insights for tax treatment and benefits administration, making accurate checkbox extraction vital for proper tax reporting and employee benefits management. Applications of Checkbox Information Extraction Supported Checkbox Fields As of […]

Basic information fields form the cornerstone of W2 documentation, containing essential identification and organizational data. These fields, including employee and employer details, provide the fundamental context for all tax and wage reporting. Accurate extraction of this information is crucial for maintaining compliance and ensuring proper tax filing. Applications of Basic Information Extraction Supported Basic Information […]

Quality Assurance Documentation serves as a crucial roadmap in software development, protecting against errors and managing defects systematically. These documents facilitate clear communication between developers, testers, and stakeholders while ensuring consistent quality standards throughout the development lifecycle. However, companies struggle daily with managing test plans, defect reports, compliance records, and performance metrics – all while […]

Ever wonder why bank statements are such a big deal? You’re not alone. In today’s digital age, efficient and scalable bank statement data extraction software is becoming increasingly crucial for businesses. Let’s dive into the world of bank statements and discover how they’re being used in ways you might not expect. Why Do Bank Statements […]

In today’s digital-first financial world, AI fraud detection solutions are transforming how businesses handle documents. The growing threat of financial fraud, combined with the sheer volume of documents from invoices to compliance reports, demands intelligent document processing systems. Failure to implement AI and computer vision solutions for financial documents can lead to costly errors, delayed […]

Bank information fields on statements, such as bank names, addresses, and websites, play a vital role in financial operations and compliance. These details are essential for verifying transactions, managing correspondent banking relationships, and conducting anti-money laundering (AML) checks. As the volume of financial data grows, manual processing of this information becomes increasingly challenging. We’ll examine […]

Transaction line-items are the most granular and data-rich components of bank statements. These fields, including transaction dates, amounts, descriptions, and card numbers, offer detailed insights into financial activities. Analyzing this data manually is not only labor-intensive but also limits the depth of insights that can be gleaned. We’ll explore how automated extraction of transaction line-items […]

Total fields in bank statements, including beginning balances, ending balances, and minimum due amounts, are critical for financial analysis and cash flow management. These figures provide a snapshot of an account’s financial health and are used in everything from reconciliation to credit risk assessment. However, manually tracking and analyzing these numbers across multiple accounts and […]

Account information fields in bank statements are crucial data points that financial institutions, auditors, and businesses rely on for various operations. These fields, including account holder details, statement periods, and account types, form the foundation of financial record-keeping and analysis. However, the manual extraction of this data is often prone to errors and inefficiencies. This […]

In today’s digital-first financial landscape, businesses are grappling with an overwhelming volume of paper checks. Despite the rise of electronic payments, the Federal Reserve reports that in 2022, over 14 billion checks were processed in the United States alone, representing a significant portion of financial transactions. For businesses processing thousands of checks daily—from banks to […]

The accurate extraction of bank information from checks remains a critical yet challenging task for many organizations. Particularly, the bank name and address fields on checks contain valuable data that, when properly leveraged, can significantly enhance financial operations, compliance efforts, and customer insights. However, manual extraction of this information is often time-consuming, error-prone, and resource-intensive. […]

In the intricate world of financial transactions, checks continue to play a significant role despite the rise of digital payment methods. However, the true value of checks lies not just in their monetary amount, but in the wealth of meta information they contain. Meta data, including OCR text, date, payer name, payer address, receiver name, […]

Extracting data from bank checks, particularly check number fields, has long been a thorn in the side of financial institutions and businesses alike.  Consider this: a medium-sized business processing 1,000 checks per month. With manual data entry, each check takes an average of 2 minutes to process, and the error rate hovers around 4%. That’s […]

Harnessing structured data from bank checks, particularly the MICR (Magnetic Ink Character Recognition) fields, offers tremendous potential for understanding financial transactions and optimizing banking processes. With Veryfi’s advanced OCR APIs for check MICR fields at your disposal, extracting this valuable information becomes a matter of seconds. By simply uploading check images to the Veryfi portal, […]