Accounts Payable Automation
Optimize your accounts payable processes with automated document processing. Capture and extract invoice data efficiently to streamline payments, reduce errors, and ensure timely processing.
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AP Automation Tools
Stop drowning in invoices. Veryfi’s AI-powered accounts payable automation extracts, validates, and processes vendor bills instantly – no manual data entry needed. From purchase orders to payments, transform your entire AP workflow into a streamlined digital operation. Cut processing costs by 80%, eliminate errors, and let your team focus on strategy instead of data entry. Whether you process hundreds or millions of invoices, Veryfi scales with your business while maintaining bank-grade security and accuracy.
Instant Benefits
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Accuracy & Compliance
Reduce error rates from 3.6% to 0.3% (IOFM) and catch 92% reduction in duplicate payments (AFP).
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Team Impact
Get back 68% of your day (Goldman Sachs Payment Research 2023) and eliminate 91% of lost invoices (Levvel AP Automation Study 2024)
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3x your AP Team’s Capacity
Process 15,000 invoices per employee versus 5,000 manually (Institute of Finance & Management Benchmark Report, 2023)
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Business Efficiency
Cut per-invoice costs by 80%: from $14.93 to $2.94 (APQC, 2023)
instantly processed a backlog of
70,000 invoices
by integrating Veryfi with their RPA system.
instantly processed a backlog of
Features
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Supported Invoice Types
– Purchase Orders (POs)
– Expense Invoices
– Contract-Based Invoices
– Credit Invoices/Memos
– International Invoices
– Freight/Shipping Invoices -
Automated Extraction
– Multi-language support
– Currency conversion
– Tax calculation
– Line item detail
– Payment terms -
Validation Rules
– PO matching
– Price verification
– Quantity validation
– Tax calculation
– Currency conversion -
Integrations
– ERP systems
– Accounting software
– Payment systems
– Approval workflows
– Archive systems
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Enterprise-Grade Security
Veryfi is SOC 2 Type 2 certified and 100% automated, ensuring that your sensitive data stays in your control.
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Mobile Capture Framework
Add Veryfi Lens to your mobile enterprise apps to support business processes that include remote workers, such as freight and delivery personnel.
Frequently Asked Questions
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How fast are the API responses for data extraction?
On average it takes about 3 seconds per page to extract all the data from a document and return a structured JSON with enrichments.
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What international languages do the Veryfi APIs support?
With support for 110+ data fields, 91+ currencies, and 38+ languages, you can effortlessly extract line item details from every critical document. See worldwide coverage page for the detail.
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Can I get line item data for policy controls?
Yes. We specialize in extracting line items and enriching the product level information so you can enable 2-way and 3-way matching and reconciliation.
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Can I use a RPA solution with this?
Yes. Veryfi works with all RPA solutions on the market.
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Can I train the machine model for a specific field/use case?
Yes. This option is available on all our Platinum Support plans. We have our own Nvidia DGX H100 machines located in Santa Clara data center in the heart of Silicon Valley allowing us to rebuild our foundation models anytime with ease.
