Top Veryfi Alternatives & Competitors For 2024

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Looking for alternatives to Veryfi? Many users crave user-friendly and feature-rich solutions for tasks like Accounts Payable, Accounts Receivable, and Banking and Cash Management. Leveraging crowdsourced data from over 1,000 real Accounting Software selection projects based on 400+ capabilities, we present a comparison of Veryfi to leading industry alternatives like NetSuite Accounting, Tipalti, Vena, and Concur.

Veryfi Software Tool
NetSuite Accounting Software Tool
Tipalti Software Tool
Vena Software Tool
Concur Software Tool

Product Basics

Veryfi offers a sophisticated software solution designed to streamline accounting tasks, making it particularly beneficial for industries such as construction, retail, and finance. It excels in automating data entry, managing expenses, and processing receipts with remarkable accuracy. The platform is tailored for businesses seeking efficiency in financial management, providing unique benefits like real-time data extraction and seamless integration with existing systems. Users appreciate its powerful features, including OCR technology and AI-driven insights, which significantly reduce manual workload and enhance productivity. Compared to similar products, Veryfi is praised for its user-friendly interface and robust performance. Pricing details are not explicitly available, so it's advisable for potential users to contact SelectHub for a personalized quote. This ensures that businesses can align the software's capabilities with their specific accounting needs, making Veryfi a compelling choice for those looking to optimize their financial operations.
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Netsuite Accounting assists financial leaders in designing and modifying operations by pairing bookkeeping with robust compliance management to increase business performance and close proficiency. Immediate access to information offers users full visibility to study all the nooks and crannies and expeditiously fix issues. This visibility enables users to draft thorough statements and disclosures that conform to ASC 606, GAAP, SOX and other compliance requirements.

Its key accessories include tax management, general ledger, accounts receivable and payable and cash management.
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Tipalti is an accounting solution that automates payables and invoice-to-pay-to-reconciliation procedures, allowing companies to adapt and thrive with updated practices while keeping payables hassle-free, safe and more efficient. Its scalability enables users to pay a large population of suppliers for digital goods and services.

Supplier and invoice management, payment reconciliation, tax and value-added tax (VAT) compliance and self-billing are its top features.
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Vena is a cloud-based platform designed to streamline financial close and consolidation processes for businesses. It caters to mid-sized and large organizations, particularly those with complex account structures and diverse reporting requirements. Key benefits include centralized data management, automated workflows, and real-time reporting capabilities, which contribute to improved accuracy, efficiency, and transparency in financial operations. Popular features include its user-friendly interface, robust data reconciliation tools, and flexible reporting formats. User reviews highlight Vena's ability to significantly reduce manual tasks, improve collaboration between finance teams, and generate consolidated reports quickly. However, some users note the occasional occurrence of technical glitches and limited customization options. Pricing is based on a subscription model, with varying tiers depending on the number of users, functionality required, and data volume. Costs are typically in the range of $5,000 to $25,000 per year, billed annually.

Pros
  • Streamlines financial close and consolidation
  • Improves accuracy and efficiency
  • User-friendly interface
  • Robust data reconciliation tools
  • Flexible reporting formats
Cons
  • Occasional technical glitches
  • Limited customization options
  • Relatively high cost
  • Learning curve for new users
  • May not be suitable for small businesses
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SAP Concur is a Software-as-a-Service company that provides travel and expense management solutions. Created by a merger of the two companies in 2014, it effortlessly guides employees through every trip by populating charges into expense reports and automating invoice reports.

It automates data capture and accounts payable, uses real-time data and AI to audit transactions. It helps businesses keep an eye on what they are spending and there are no blind spots in the budget.
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$500
Undisclosed
$129
$5,000
$8
Monthly
Annually, Quote-based
Monthly
Annual
Per User, Monthly
No
Small
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Large
Small
Medium
Large
Small
Medium
Large
Small
Medium
Large
Small
Medium
Large
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Chromebook
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Chromebook
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Android
Chromebook
Windows
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Chromebook
Cloud
On-Premise
Mobile
Cloud
On-Premise
Mobile
Cloud
On-Premise
Mobile
Cloud
On-Premise
Mobile
Cloud
On-Premise
Mobile

Product Assistance

Documentation
In Person
Live Online
Videos
Webinars
Documentation
In Person
Live Online
Videos
Webinars
Documentation
In Person
Live Online
Videos
Webinars
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Documentation
In Person
Live Online
Videos
Webinars
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Phone
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FAQ
Forum
Knowledge Base
24/7 Live Support
Email
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Chat
FAQ
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Knowledge Base
24/7 Live Support
Email
Phone
Chat
FAQ
Forum
Knowledge Base
24/7 Live Support
Email
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Forum
Knowledge Base
24/7 Live Support
Email
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Knowledge Base
24/7 Live Support

Product Ranking

#223

among all
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#5

among all
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#11

among all
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#24

among all
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#32

among all
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User Sentiment Summary

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Good User Sentiment 2235 reviews
Great User Sentiment 487 reviews
Great User Sentiment 304 reviews
Great User Sentiment 10098 reviews
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78%
of users recommend this product

NetSuite Accounting has a 'good' User Satisfaction Rating of 78% when considering 2235 user reviews from 4 recognized software review sites.

89%
of users recommend this product

Tipalti has a 'great' User Satisfaction Rating of 89% when considering 487 user reviews from 5 recognized software review sites.

86%
of users recommend this product

Vena has a 'great' User Satisfaction Rating of 86% when considering 304 user reviews from 6 recognized software review sites.

81%
of users recommend this product

Concur has a 'great' User Satisfaction Rating of 81% when considering 10098 user reviews from 5 recognized software review sites.

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4.9 (19)
4.8 (14)
4.4 (13)
4.7 (11)
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3.9 (1127)
4.5 (204)
4.6 (106)
4.0 (6137)
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4.4 (13)
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4.3 (2100)
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4.1 (715)
4.7 (129)
4.1 (19)
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4.0 (2)
4.9 (9)
4.2 (234)
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3.5 (374)
4.2 (138)
4.1 (144)
4.0 (1616)

Synopsis of User Ratings and Reviews

Automated Data Extraction: User reviews consistently praise Veryfi for its ability to automate the often tedious process of manual data entry from receipts and invoices. This feature streamlines accounting workflows and saves valuable time for businesses.
Accurate OCR Technology: Users highlight the impressive accuracy of Veryfi's Optical Character Recognition (OCR) engine. The software effectively extracts data from receipts, minimizing the need for manual review and correction.
User-Friendly Interface: Reviewers consistently describe Veryfi as intuitive and easy to use, even for those unfamiliar with expense management software. The platform's design simplifies expense tracking and reporting, making it accessible to a wide range of users.
Centralized Document Storage: Veryfi provides a secure, centralized repository for storing financial documents, eliminating the need for paper-based systems and reducing the risk of lost or misplaced receipts.
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Overall Performance: Of the users who discussed the performance of this solution, 58% said it was outstanding because it has automatic updates, simplifies accounting tasks and provides accurate data.
Customizable: Precisely 68% of users who addressed this program's customization said it is easy to configure to their business needs.
Accessories: Of the users who mentioned this application's accessories, 52% said they are effective, praising specifically the customizable dashboard, search engine that saves searches and customizable accounting reports.
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Implementation: Of the users who addressed this solution's implementation process, 58% said it was fast, easy and pleasing.
Customer Support: Approximately 69% of users who mentioned this program's customer support said employees were reliable and quick to respond.
Performability: Of the users who spoke of the application's overall performance, nearly 82% said it was user friendly, easy to use and centralized payable options in one location.
Functionality: Roughly 54% of users who discussed this solution's functionality revved about the easy transfer management, invoicing and various payment methods such as ACH, e-check, PayPal and wire.
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Customer Support: Approximately 80% of users who mentioned customer support said the team was helpful and quick in troubleshooting issues.
Performability: Of the users who discussed this solution's performance, 67% stated it's easy to use, provides top-notch financial information and is SOX compliant.
Modules: Nearly 59% of users who addressed this platform's modules said they're easy to use and offer superb financial planning and analysis information in a timely fashion.
Integrations: Of the users who discussed this program's integrations, 80% of users said it seamlessly merges with Power BI, Netsuite and other ERP systems.
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Streamlined Expense Reporting: Concur simplifies the often tedious process of creating expense reports, allowing users to easily track and submit expenses, which can then be quickly approved and reimbursed. This can save both employees and the accounting department significant time and effort.
Mobile Accessibility: The Concur mobile app enables users to manage expenses on-the-go, offering convenience and flexibility for business travelers. Users can capture receipts, track mileage, and submit reports directly from their mobile devices.
Integration with Accounting Systems: Concur integrates seamlessly with popular accounting software, such as QuickBooks and Xero. This integration streamlines the financial workflow by automatically syncing expense data with the accounting system, reducing manual data entry and the risk of errors.
Policy Compliance: Concur helps organizations enforce travel and expense policies by automatically flagging any out-of-policy expenses during the submission process. This feature promotes compliance and reduces the risk of unauthorized spending.
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Receipt Limits: User reviews mention a 300 receipt limit for new users, which could be problematic for businesses with high transaction volumes.
Splitting Expenses: Some users have reported difficulties splitting expenses within a single receipt, particularly for purchases from online retailers like Amazon where multiple items are grouped.
Pricing: A few users found the monthly subscription fee a bit expensive for their small business budget, even though they acknowledged the time-saving benefits.
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System Performance: Approximately 41% of the users who mentioned this program's overall performance said it was slow and experienced crashes.
Functionality: Of the users who discussed this solution's functionality, roughly 47% said it was lacking features including budget forecasting, fixed assets and support for .xlsx and .xls files.
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Interface: Of the users who addressed this solution's interface, 41% said it was clunky.
Reporting: Approximately 45% of users who discussed this software's modules said the reporting function either couldn't customize reports or duplicates reports unnecessarily.
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Limited Customization Options: While Vena offers some customization features, they might not be sufficient for highly specific needs or complex workflows.
Occasional Technical Glitches: Some users report experiencing occasional technical glitches and bugs, which can disrupt workflows and impact productivity.
Relatively High Cost: Vena's subscription fees can be expensive for small businesses or those with limited budgets.
Learning Curve for New Users: Although Vena has a user-friendly interface, it may require some time and training for new users to become fully proficient.
May Not Be Suitable for Small Businesses: Vena's features and functionalities might be overkill for small businesses with simple accounting needs.
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Clunky User Interface: Users frequently report that Concur's interface feels outdated and cumbersome, making simple tasks like submitting expense reports or booking travel more time-consuming than necessary.
Mobile App Issues: The mobile app is often criticized for being buggy and unreliable, with features that are limited compared to the desktop version. This can be frustrating for users who rely on their mobile devices for managing expenses on the go.
Integration Challenges: Integrating Concur with other business systems, such as accounting software or HR platforms, can be a complex and technically challenging process, requiring significant IT resources and expertise.
Customer Support Concerns: Some users have expressed dissatisfaction with the quality and responsiveness of Concur's customer support, citing long wait times and difficulty resolving issues effectively.
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Is Veryfi truly very fine for managing business expenses? User reviews from the past year suggest it might just live up to its name. Across platforms like G2, SoftwareAdvice, GetApp, and Capterra, Veryfi consistently receives high praise for its ease of use, robust functionality, and responsive customer support. Users highlight Veryfi's automated data extraction from receipts and invoices as a major strength, saving them significant time and effort compared to manual entry. For instance, one user raved about how Veryfi "pulls most if not all of the information off the receipt automatically." This automation, coupled with centralized document storage and expense tracking, makes it particularly valuable for accountants and property investors. However, some users expressed that while the software integrates well with platforms like QuickBooks and Netsuite, connecting it with Sage Cloud Accounting has proven difficult. Overall, Veryfi emerges as a reliable solution for businesses, especially those seeking to streamline expense management. Its strength lies in its automation capabilities, making it a perfect fit for busy professionals who need a quick and efficient way to manage their expenses.

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Netsuite Accounting is a thorough accounting ERP that superintends all bookkeeping tasks. Users are most fond of its performance with automatic updates, potent workflows and precise data collection as well as its string of features-including, tax management, general ledger, accounts payable and receivable, CRM, multicurrency and more-to boost productivity. It's also adjustable, so users may tailor it to meet their company needs. Although some users were disappointed with the system's sluggishness, occasional crashes and lack of budget estimating, fixed assets and support for .xlsx and .xls files, the majority find it an adequate bookkeeping software.

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Tipalti is a robust accounting ERP that streamlines all workflows and bookkeeping needs. Its implementation is comfortable and pleasing to users. Its performance is impeccable because it provides a centralized location for various payment options and its modules — tax compliance, billing, invoicing, payment management and more — offer efficient bookkeeping needs. Users also agree that the customer support team is quick to respond and resolve problems. Despite some users' sentiments about the clunky interface and non-flexible reporting apparatus, most find this solution as a handy asset.

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Reviews for Vena present a mixed bag, highlighting both its strengths and weaknesses in comparison to similar products. Users praise its user-friendly interface, robust data reconciliation tools, and flexible reporting capabilities. One user remarked, "Vena feels like Excel, but with the power to handle our complex financial data without breaking a sweat." However, some users bemoan limited customization options, stating, "We wanted to tailor Vena to our specific workflows, but the customization tools felt restrictive." Additionally, occasional technical glitches and a relatively high cost compared to competitors like Adaptive Insights and Oracle Cloud EPM were points of concern. Despite these drawbacks, many users believe Vena's strengths outweigh its weaknesses. They appreciate the ease of use, improved accuracy, and streamlined financial processes it offers. One user noted, "Vena has helped us reduce our closing time by 50%, which frees up valuable time for analysis and strategic planning." Ultimately, Vena seems best suited for medium to large organizations with complex financial needs who prioritize ease of use and powerful functionalities. For smaller businesses or those with simpler requirements, alternative solutions might be a better fit.

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Overall, Concur has garnered a reputation as a comprehensive and reliable solution for managing expenses, travel, and invoices. Users frequently praise its ability to streamline expense reporting, automate tasks, and provide real-time visibility into spending. The mobile app receives kudos for its user-friendly interface and offline functionality, making it easy for employees to capture receipts and submit expenses on the go. Concur's integration with travel booking platforms and credit cards is a major plus, simplifying the process of reconciling expenses and ensuring accuracy. However, some users find the initial setup and configuration to be complex, requiring significant time and effort. Additionally, the system's flexibility can be a double-edged sword, as extensive customization options may overwhelm some users. Concur's pricing structure, often based on the number of users and transactions, can be a concern for smaller businesses. Despite these drawbacks, Concur's strengths in automation, integration, and mobile accessibility make it a top choice for mid-sized to large organizations with complex expense management needs and a desire to enhance efficiency and control over spending.

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