The world is changing. Consumers demand to know what personal data is collected about them, who is looking at it and where it’s traveling.
If you are looking at solutions for data extraction at volume from financial documents and landed on this page then you are most likely comparing Veryfi to CloudFactory. On the outside, both companies provide data extraction capabilities, but when you look at the detail the 2 are vastly different. The chart below demonstrates these differences.
| Veryfi | CloudFactory | |
|---|---|---|
| 100% software. 100% machine data extraction without humans in the loop. | 100% humans. Sweatshops based in Nepal and Africa. | |
| RESTful API | Yes | No |
| Speed of Results | 3 seconds | From minutes to hours (depends how much you pay) |
| Error Rate | 3% | 27.5% |
| Data Extracted | See below. A lot! | Depends what you pay for. |
| Scaling Capabilities | Instant. Unlimited. | Slow. More labor has to be thrown at it. |
| CCPA compliant? | Yes | No |
| GDPR compliant? | Yes | No |
| Free Test Drive | Yes | No |
Veryfi API
Cloudfactory
Vendor name
- Name
- Address
- Logo
- Phone
- Fax
- Subtotal
- Discount
- Shipping cost
- Tax (VAT, GST)
- Tip
- Total
- Rounding
- Category
- Bill To Name
- Bill To Address
- Bill To VAT #
- Document Type (receipt vs bill)
- Currency
- Currency Exchange Rate
- Invoice Number
- Purchase Order Number
- Reference Number
- Company VAT Number
- Company ABN Number
- Invoice Date
- Due Date
- Payment Terms
- Service Start Date (or arrival in hotel folio)
- Service End Date (or departure in hotel folio)
- Account Number
- Ship To Name
- Ship To Address
- Tracking Number
Payment Method
- Card Type
- Card Number
SKU level Line Items
- Date
- SKU
- Description
- Quantity
- Tax
- Discount
- Total
- Unit of Measure
Tax lines breakdown
- Tax name
- Tax rate %
- Tax amount
Bank information
- Bank name
- Routing number
- Account number
- IBAN
- Vendor name
- Total
- Tax
- Payment method
- Date
The choice is clear..
If you care about data privacy, speed and accuracy of your data extraction then see the Veryfi experience below.
