Receipt Bank vs Veryfi
How we tested
We used the same receipts on both apps and found the 2 apps a world apart.
iTunes comments speak more depth into our findings and confirm what we are showing you here.
Summary of findings
Veryfi is FASTER. Faster means you can throw away those receipts vs wait around for processing. It also means in a team environment you can make faster and better business decisions when all your material purchases information is available.
Veryfi is SAFER. Your Uber receipts have your home address and your medical bills have your whole life history which insurance companies would love to get their hands on. If you use Veryfi only machines see this. No humans. But with Receipt Bank, their offshore data extraction teams see it. Yes they have humans processing your receipts. It’s public information here: https://www.receipt-bank.com/privacy-policy/ ~ furthermore, the more someone knows about you the higher the chance of a social engineering opportunity you present to them.
Veryfi is CHEAPER. Using machines to process documents from unstructured to structured form is far cheaper than using humans. That’s why Veryfi Prime plan has Unlimited document processing using Veryfi proprietary OCR API platform while Receipt Bank will limit you to a set of fixed documents per month.
If you want to learn more how to identify apps/products that use humans vs machine you can read this great post on Medium: https://medium.com/the-road-to-silicon-valley/bookkeeping-automation-whos-looking-at-your-data-f9de9d6f4da0
Veryfi vs Receipt Bank Chart
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