ApprovalMax vs Veryfi Invoices OCR API
ApprovalMax
approvalmax.com
Veryfi Invoices OCR API
veryfi.comSide by side
| Figure | ApprovalMax | Veryfi Invoices OCR API |
|---|---|---|
| Price from | — | $500/mo |
| Free plan | — | Yes |
| Free trial | Yes | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| macOS | — | Yes |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| API | Yes | Yes |
| Plans published | 10 | 3 |
| Spec score · Invoice OCR Software | 8.8 (#2) | 8.7 (#5) |
| Company headquarters | LinkedIn lists the primary headquarters at 86–90 Paul Street, London, England, with another location in Belgrade, Serbia. | Veryfi lists its headquarters at 210 S B St, San Mateo, California 94401. |
| Company size | LinkedIn lists ApprovalMax as a privately held company with 51–200 employees. | LinkedIn lists Veryfi's company size as 51-200 employees. |
| Founded | LinkedIn lists ApprovalMax as founded in 2016. | 2017 |
| Headquarters | ApprovalMax Limited lists its registered office in London, United Kingdom. | San Mateo, California, United States |
| Rating on Apple App Store | 4.9 out of 5 from 35 ratings | 4.9 out of 5 from 14 ratings |
| Rating on Capterra | 4.7 out of 5 from 30 reviews | 4.8 out of 5 from 191 reviews |
| Rating on G2 | 4.6 out of 5 from 100 reviews | 4.7 out of 5 from 57 reviews |
| Rating on GetApp | 4.7 out of 5 from 30 reviews | 4.8 out of 5 from 191 reviews |
| Rating on Google Play | 3.8 out of 5 from 240 reviews | 4.2 out of 5 from 875 reviews |
| Security | ApprovalMax states it is ISO 27001 certified and provides single sign-on, two-factor authentication, and automatic logout after 15 minutes of inactivity. | Veryfi states that it has SOC 2 Type 2 certification, uses TLS 1.2/1.3 and AES encryption, and supports GDPR, CCPA and HIPAA compliance with a BAA available on request. |
| Support | The Xero pricing page lists customer support 24/5 and describes a knowledge base, how-to videos, and guides. | The invoice API page offers API documentation, FAQs, human expert support, and a free demo. |
| What it does | ApprovalMax is a cloud approval and financial-control platform for bills, purchase orders, invoices, expenses and other finance documents. | Veryfi converts invoices supplied as PDFs or images into structured JSON data through an AI API. |
Plans
ApprovalMax
- AdvancedPrice not published
- Advanced (QuickBooks Online)Price not published
- Advanced (Xero)Price not published
- NetSuite planPriced on request
- PremiumPrice not published
- Premium (QuickBooks Online)Price not published
- Premium (Xero)Price not published
- StandardPrice not published
- Standard (QuickBooks Online)Price not published
- Standard (Xero)Price not published
Veryfi Invoices OCR API
- FreeFree
- Starter$500 a month
- GrowthPriced on request
In their own words
ApprovalMax
ApprovalMax automates accounts payable and receivable approvals and gives businesses controls for financial processes. Its accounts payable workflow covers capture, verification, approval, and payment, with multi-step workflows and configurable approval rules. Xero plans list unlimited workflows and approvals. Accounting integrations include Xero, QuickBooks Online, and Oracle NetSuite, with two-way data sync listed; Airwallex, Dext, and Slack are also supported. From Slack, users can approve, reject, or comment on documents. Plans range from unlimited workflows, users, and approval steps with a full audit trail to options adding bill-to-PO matching, budget checks, supplier onboarding, journal approvals, custom workflows, API access, and AI capture. iPhone and Android apps support submitting and approving requests, and web and API access are listed. ApprovalMax says it is ISO 27001 certified and offers single sign-on, two-factor authentication, and automatic logout after 15 minutes of inactivity. Customer data is processed in Microsoft Azure data centres in Ireland, with backups in the Netherlands. It is a paid service with no free plan, a 14-day trial, and pricing on request.
Veryfi Invoices OCR API
Veryfi Invoices OCR API extracts invoice information into structured JSON, including vendor details, line items, tax, and totals. It accepts documents such as PDFs and images, and the response includes OCR text for downstream applications. Veryfi says the API supports over 150 fields covering supplier, line-item, tax, and payment data. The product page describes checks for altered or duplicate invoices, including digital tampering analysis, PDF layer analysis, and duplicate detection. Developer resources include SDKs and code samples for Python, Node.js, PHP, C#, and Java, among other languages; n8n and Zapier are listed for workflow connections. Veryfi states that its platform is SOC 2 Type II certified and uses TLS 1.2 and 1.3, salted password hashing, and AES encryption at rest and in transit. It says it complies with GDPR, CCPA, and HIPAA, and will sign a BAA upon request. The API is described for accounts payable, bill pay, and three-way purchase-order matching. The free plan allows up to 100 documents monthly. Starter costs $500 a month, with a minimum commitment and a listed $0.16; each transaction covers a document up to 15 pages.