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Smartbills vs Veryfi

Veryfi is a very good part of a receipt product, and you build the rest around it. Smartbills is the finished product, with capture, matching, approvals and the sync to your accounting system.

At a glance

Smartbills vs Veryfi, in one screen

Veryfi sells document extraction as an API: receipt images go in and structured JSON comes out, with low latency and no human in the loop. Engineering teams build with it, and a finance team would need an application built on top.

Smartbills

Best for

Companies that want the finished workflow from capture to ledger and have no plans to build one.

Where it's stronger

  • A finished workflow. Your engineers have nothing to build.
  • Where the merchant is connected there is no extraction step at all.
  • Transaction matching, policy and approvals come with the document.
  • Payables, receivables and tax categories in the same product.

Veryfi

Best for

Engineering teams building their own expense feature who need extraction delivered as a service.

Where it's stronger

  • Its extraction quality and latency on arbitrary images are better than ours.
  • It is a genuine developer product, with documentation, SDKs and predictable API behavior.
  • Coverage is universal: any document from any merchant can be read, with no dependency on a network.
  • If you are building your own expense product, buy Veryfi.

Every comparison on this site names what the other product does better. If we couldn't think of anything, we didn't publish the page.

Side by side

Smartbills and Veryfi, feature by feature

These are structural differences, not plan checkboxes. Capabilities change, so check the vendor's own documentation before deciding on any single row.

Document extraction as an API

SmartbillsAvailable, not the product
VeryfiTheir entire product

Extraction speed and accuracy on images

SmartbillsGood
VeryfiTheir benchmark, and better

Digital receipts issued by the merchant

Smartbills
Veryfi—

Matching documents to card transactions

Smartbills
Veryfi—

Expense policy, approvals and reimbursement

Smartbills
Veryfi—

Syncing to your accounting system

Smartbills
Veryfi—

Developer documentation and SDKs

SmartbillsGrowing
VeryfiMature

Moving from Veryfi

None of this needs a big-bang cutover. Most teams run both tools for one cycle and compare capture rates before switching anyone off.

  1. Are you building software?

    If you are, an extraction API is the right purchase and this comparison matters less.

  2. List what you'd have to build

    Matching, policy, approvals, ledger sync and a mobile app all come after extraction, and each is its own project.

  3. Pilot on real spending

    Run one cost centre for a full month. Benchmarks on sample images won't show how the workflow holds up.

  4. Keep the API where it fits

    An extraction service can still handle a document type the network doesn't reach.

FAQ

Frequently asked questions

What people ask us before they sign up.

Yes. Embedded receipts are sold as an API product, but what Smartbills mainly sells is the finished workflow around the receipt.

On an arbitrary photo, probably not. Smartbills aims to remove the photo, since a digital receipt issued by the merchant needs no reading.

Yes, if you process a specialized document type at volume. Most finance teams never need to.

Get started

Ready to see it against Veryfi?

Bring one month of your own receipts and card transactions, and we'll show you the capture rate on both sides instead of a slide deck.