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About

Millions of envelopes that contain checks and payment coupons arrive to businesses every week, all of which need to be processed in a timely manner. Traditionally, processing large amounts of payments have required many bureaucratic decisions to review and process each payment. This labor-intensive task is extremely time-consuming and often requires the addition of temporary employees to complete the job. What if you could accelerate your remittance process by cutting down human interactions significantly? With the Informa Remittance Processing solution, you can realize true efficiency. We have seen some of our clients achieve straight-through-processing (touchless) rates as high as 80 to 90%. It all adds up to fewer errors, greater efficiency, lower costs, more information, and faster payments.

About

Veryfi is software that takes the work, error and frustration out of construction bookkeeping while enabling real-time field intelligence. Starting with automation of time & materials to digitize and end 90% of the time wasted doing it by hand and chasing records. Traditionally, bookkeeping is a monthly ritual. At Veryfi we have seen exceptional businesses reach financial prosperity when they steer in real-time, not at the end of the month. Hence, Veryfi as a mobile-first bookkeeper built for teams. This makes it easy, fast and reliable for teams to get information from the field (physical world) and into a system of record (digital world) with minimal user intervention. Veryfi is building the next generation of construction bookkeeping automation software with pure tech, and without the restrictions of legacy technology or methods.

Platforms Supported

Windows Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Supported
iPad Supported
Android Supported
Chromebook Not Supported

Audience

Companies that need a remittance processing automation solution

Audience

Architecture, Engineering & Construction (AEC) workforce, Subcontractors, Specialty Trade

Support

Phone Support Supported
24/7 Live Support Not Supported
Online Supported

Support

Phone Support Not Supported
24/7 Live Support Supported
Online Supported

API

Offers API Not Supported

API

Offers API Not Supported

Screenshots and Videos

Screenshots and Videos

Pricing

No information available.
Free Version Not Supported
Free Trial Not Supported

Pricing

- Mobile Expense app /w OCR
- Store documents indefinitely
- Integrates with QuickBooks and Xero
- Bank and credit card import
- Bills Fetch, Bulk Uploader, et al.
- 3 x Profiles per user
- Share your data with your bookkeeper or accountant
Free Version Supported
Free Trial Supported

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

This software hasn't been reviewed yet. Be the first to provide a review:

Review this Software

Reviews/Ratings

Overall 4.9 / 5
ease 4.7 / 5
features 4.7 / 5
design 4.5 / 5
support 4.7 / 5

Pros & Cons from Real Users

Pros

  • Velocity in adding tickets, an easy way to integrate all the information from previous sales into your accountability reports and expenses.
  • Administrators can test it out with drag and drop ease, team support, and of course the API for OCR scanning with machine learning, so results get better. Our users could also send their receipts to VeryFi (white-label email solution).
  • So easy to scan and organize receipts, expenses for business and personal, easy to categorize. Can scan or send from email.
  • This app is easy to use, efficient for my roofing business' processes, and all around just a great app. I'm not good at leaving reviews but I am good at telling the truth and thats the app is great for business.
  • The app has a brilliant ocr, it’s accurate and very easy to capture your receipts. The app tells you when an invoice is unclear. There is no limit to how you can manipulate your data, the greatest plus point is that it can be tailored to your own needs. You have the ability to add your clients and your projects, which has converted my accountant to use the app as well. For the ease of use, the look, the feel and functionality, I would give these guys fifteen stars if I could. If you were looking for an app that makes data capturing easier than taking a photo, look no further, this is the best app I have had the pleasure to use!

Cons

  • It takes time to understand rules and to create ones, as in every new thing. It is still difficult to copy data into Excel as it is not prepared as an easy step.
  • For the API they expect an annual contract, but as a startup we prefer a pay as you go model.
  • Only con is the cost. But still worth it for the time saved.
  • Nothing. I love everything about this app. It is the best.
  • It’s been very good so far, it might have a glitch or two when you are too hasty and then you take too many pictures at once, and it then resets itself. Other than that, it does what YOU need it to, it’s easy to understand and it’s easy to use.

Training

Documentation Supported
Webinars Not Supported
Live Online Not Supported
In Person Not Supported

Training

Documentation Supported
Webinars Supported
Live Online Supported
In Person Supported

Company Information

Informa Software
Founded: 2001
United States
www.informasoftware.com/remittance-processing/

Company Information

Veryfi
Founded: 2017
United States
www.veryfi.com

Alternatives

EXACTO Invoice

EXACTO Invoice

HCL Software

Alternatives

Eagle Doc

Eagle Doc

S2Tec GmbH
InboxDoc

InboxDoc

Techarenabg LTD
Tungsten MarkView

Tungsten MarkView

Tungsten Automation
TELCOR RCM

TELCOR RCM

Telcor
AQ2 Remittance

AQ2 Remittance

AQ2 Technologies

Categories

Receipt Scanner Supported

Categories

Accounting Supported
Bookkeeping Supported
Expense Report Supported
Finance Supported
Receipt Scanner Supported

Accounting Features

Accounts Payable Supported
Accounts Receivable Supported
Bank Reconciliation Supported
Billing & Invoicing Not Supported
Cash Management Supported
CPA Firms Supported
Cryptocurrency Support Not Supported
Expense Tracking Supported
Fixed Asset Management Not Supported
Fund Accounting Not Supported
General Ledger Supported
Government Supported
Multi-Currency Supported
Nonprofits Supported
Payroll Management Supported
Project Accounting Supported
Purchase Orders Supported
Tax Management Supported

Accounting Practice Management Features

Approval Workflow Supported
Billing & Invoicing Not Supported
Client Management Supported
Client Portal Supported
Document Management Supported
Due Date Tracking Supported
For CPA Firms Supported
Project Management Supported
Staff Management Supported
Time Tracking Supported

Bookkeeping Features

Accounts Payable Supported
Accounts Receivable Supported
Bank Reconciliation Supported
Billing & Invoicing Supported
Cash Management Supported
Collections Supported
Expense Tracking Supported
Fixed Asset Management Supported
General Ledger Supported
Payroll Supported
Revenue Recognition Supported
Spend Management Supported
Tax Management Supported

Expense Report Features

Approval Process Control Supported
Invoice Management Not Supported
Multi-Currency Supported
Receipt Management Supported
Reimbursement Management Supported
Spend Control Supported
Time Tracking Supported
Workflow Management Supported

Integrations

Box Not Supported
Dropbox Not Supported
Evernote Not Supported
Google Drive Not Supported
Microsoft 365 Not Supported
Microsoft OneDrive Not Supported
QuickBooks Online Not Supported
QuickBooks Online Advanced Not Supported
Rippling Not Supported
Saasu Not Supported
Sage Accounting Not Supported
Slack Not Supported
Xero Not Supported

Integrations

Box Supported
Dropbox Supported
Evernote Supported
Google Drive Supported
Microsoft 365 Supported
Microsoft OneDrive Supported
QuickBooks Online Supported
QuickBooks Online Advanced Supported
Rippling Supported
Saasu Supported
Sage Accounting Supported
Slack Supported
Xero Supported
Claim Informa Remittance Processing and update features and information
Claim Informa Remittance Processing and update features and information
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Claim Veryfi and update features and information