Veryfi Reveals Improved Mobile Receipt Capture for DTC Marketing Apps

At Retail Innovation Conference & Expo, Company Demonstrates Latest Artificial Intelligence-Based Capabilities for Consumer Packaged Goods and Retail Businesses

SAN MATEO, Calif., May 11, 2022– Veryfi, using artificial intelligence (AI) technology to transform documents into structured data in seconds, announces enhanced mobile receipt capture capabilities in the latest version of Veryfi Lens.

The Veryfi lens includes a unique ability to stitch long receipts into a single image, dramatically improving image quality and resulting SKU-level data retrieval. By providing a mobile software development kit (SDK) and Receipts OCR API, Veryfi provides innovative features that unlock new use cases for marketing and consumer insights. Retail and Consumer Packaged Goods (CPG) organizations can leverage Veryfi technology to improve personalization and customer loyalty in their Direct-To-Consumer (DTC) marketing campaigns and applications.

“Veryfi Lens is leading a new wave of innovative AI-powered capabilities for capturing mobile receipts in DTC use cases,” said Ernest Semerda, co-founder and CEO of Veryfi. “No more multiple photos or clunky guides – using Veryfi Lens, our customer users simply swipe the phone over a long receipt and you’re done, all stitched up.”

Key features include:

  • Mobile Capture: Native on-device camera capture with AI-enhanced edge and receiver detection
  • Long Receipts: User-friendly scrolling receipt capture with real-time stitching and smart image corrections
  • SKU Extraction: Industry-leading receipt data extraction for all line items, in 39 languages ​​and 85 currencies
  • Fraud prevention: intelligent image analysis combined with detailed receipt data can identify tampered or duplicate receipts

“The Veryfi Lens SDK (software development kit) provides innovative capabilities to capture SKU-level receipt data and provide better insights to the global brands we serve,” said Mike Ribero, CEO of Reach. “With a convenient, user-friendly experience for providing brands with their receipts, consumers get greater rewards while brands improve their understanding of consumer behavior.”

In the first quarter of 2022, Veryfi won globally recognized clients, including the largest commercial real estate group in the southern hemisphere with $22 billion in commercial assets under management, the largest home improvement retailer in the United States and the one of the largest consumer-focused groups. research organizations.

Veryfi’s technology enables organizations to capture, extract and transform documents such as receipts, invoices, purchase orders, checks, credit cards and W-2s into structured data, at scale. . Veryfi uses advanced AI/ML technology, formed by millions of documents over the past four years, extracts data and transforms it into a structured format for 85 currencies, 39 languages ​​and 90 defined fields such as total, tax, VAT, SKU, vendor, invoice number, which can then be viewed for a wide variety of business applications.

Learn more about Veryfi DTC here, try Veryfi’s receipt capture technology in a web demo, and register for the June 7 webinar here.

About Veryfi

Veryfi enables organizations to capture, extract and transform unstructured documents such as receipts, invoices, purchase orders, checks, credit cards and W-2s into structured data at scale. The company’s technology reduces or eliminates manual data entry and unlocks valuable business intelligence in seconds. Trusted by enterprises and software vendors, Veryfi’s AI-powered platform delivers fast, accurate and secure data to hundreds of businesses worldwide. Learn more at www.veryfi.com.






About Natalee Broderick

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