Synthetic Intelligence emerges as client receipt seize know-how of alternative
SAN MATEO, Calif., June 2, 2022– Veryfi, utilizing synthetic intelligence (AI) know-how to rework paperwork into structured information in simply seconds, has added marquee prospects within the client packaged items (CPG)/Loyalty resolution market – together with a big retail property administration firm and a number one client rewards market – because the main receipt seize know-how for buyer loyalty packages.
Veryfi Lens is the world’s solely cellular receipt know-how that features digicam AI for receipt detection and lengthy receipt stitching, together with line merchandise extraction. Because of this, main retail, CPG, and advertising and marketing organizations have chosen Veryfi for his or her buyer loyalty and client insights packages.
“After so many thrilling conversations on the current RICE22 occasion, we’re seeing super curiosity in capturing SKU-level receipt information to extend loyalty program participation and drive invaluable client insights,” stated Ernest Semerda, co-founder and CEO of Verfyi. “For a lot of CPG manufacturers and retailers, ‘do nothing’ is the established order for making receipt information actionable, and we’re offering a brand new path in the direction of higher buyer and model loyalty. I’m trying ahead to persevering with these conversations at our upcoming webinar.”
The AI-driven Veryfi OCR API platform offers industry-leading accuracy on day one to seize, extract, and remodel receipt information into invaluable client insights. Veryfi Lens consists of the distinctive capability to sew lengthy receipts right into a single picture, dramatically enhancing picture high quality and the accuracy of SKU-level information extraction. By offering a cellular software program improvement equipment (SDK) and Receipts OCR API, Veryfi offers modern capabilities that unlock new alternatives for client advertising and marketing and insights. Retail and CPG organizations can leverage Veryfi know-how to boost personalization and enhance buyer loyalty of their Direct-To-Shopper (DTC) advertising and marketing campaigns and apps.
A number one house enchancment firm is utilizing Veryfi to seize SKU-level information throughout its personal and rivals’ shops to achieve higher insights into consumers’ conduct and value elasticity.
One of many largest international retail property administration organizations is utilizing Veryfi to help loyalty packages, encouraging consumers to return to bodily shops because the world transitions out of the pandemic.
An industry-leading loyalty advertising and marketing company is utilizing Veryfi receipt seize know-how to boost buyer expertise and enhance loyalty program membership for a big meals and beverage franchise.
A number of consumer-facing funds and rewards corporations in South America have adopted Veryfi for in-store and post-purchase loyalty and rewards packages.
“As a specialist in loyalty program schooling and consulting for over 15 years, I do know from seeing Veryfi’s know-how in motion that it is a wonderful addition to the loyalty marketer’s portfolio for constructing sensible purposes that may be efficiently deployed within the market,” stated Invoice Hanifin, CEO, Clever Marketer Group, proprietor of the Loyalty Academy.
Within the first quarter of 2022, Veryfi received globally-recognized prospects together with the biggest retail property group within the southern hemisphere with $22 billion in retail property underneath administration, the biggest house enchancment retailer within the U.S., and one of many largest market analysis and client perception organizations.
Eliminating handbook information entry, Veryfi permits organizations to precisely seize, extract and remodel paperwork comparable to receipts, invoices, buy orders, checks, bank cards, and W-2s into structured information, at scale. Veryfi makes use of superior AI/ML know-how, educated by thousands and thousands of paperwork over the previous 4 years, to extract information and remodel it right into a structured format for 85 currencies, 39 languages, and 90 outlined fields comparable to complete, tax, VAT, SKU, vendor, bill quantity, which may then be accessed for all kinds of enterprise purposes.
Be taught extra about Veryfi DTC options right here. Strive the Veryfi receipt seize know-how in a internet demo and register for June 7 webinar “Flip Paper Receipts Into Priceless Shopper Insights, Now.”
About Veryfi
Veryfi empowers organizations to seize, extract and remodel unstructured paperwork together with receipts, invoices, buy orders, checks, bank cards, and W-2s into structured information at scale. The corporate’s know-how reduces or eliminates handbook information entry and unlocks invaluable enterprise intelligence in seconds. Trusted by enterprises and software program corporations alike, Veryfi’s AI-driven platform delivers quick, correct, and safe information to lots of of corporations globally. Be taught extra at www.veryfi.com.
