Veryfi's Contract-to-Cash Automation Journey
Veryfi, a leading OCR and document processing platform serving thousands of businesses worldwide, eliminated manual invoice creation entirely, reducing billing cycles from days to minutes with 99.9% accuracy through JustPaid's contract intelligence.
Book a demo
How Veryfi Achieved Contract-to-Cash Automation
Veryfi faced a challenge many high-growth SaaS companies encounter: their sales contracts weren't translating smoothly into invoices.
Since September 2024, Veryfi uploads contracts to JustPaid to instantly generate accurate, scheduled invoices — eliminating manual invoice creation entirely.
| Metric | Before JustPaid | After JustPaid |
|---|---|---|
| Billing Accuracy | Error-prone manual entry | 99.9% accuracy |
| Billing Cycle Time | Days of spreadsheet work | Minutes (automated) |
| Manual Invoice Creation | Hours per month | 100% eliminated |
| Pricing Precision | Rounded estimates | 4-decimal precision |
Contract Intelligence That Understands Your Pricing
Veryfi's enterprise contracts feature unique, complex pricing for nearly every customer. JustPaid's AI-powered contract intelligence auto-extracts terms, schedules, pricing, and custom discount structures from any contract format — handling 4-decimal precision pricing that manual processes simply can't match.
Amendments Without the Headaches
When enterprise contracts get amended, traditional billing systems break. JustPaid handles amendments seamlessly — updating existing agreements without breaking contracts, maintaining PO numbers on every invoice, and ensuring billing continuity through complex pricing changes.
Real-Time Collaboration via Slack
Integration with Slack means Veryfi's team gets real-time support and invoice status updates directly where they work. No more switching between tools or waiting for email responses — issues get resolved in minutes, not days.
Implementation Timeline
Initial Setup
Configured JustPaid platform and integrated with existing systems
Contract Migration
Migrated enterprise contracts and configured pricing structures
Full Automation
Achieved full contract-to-cash automation with Slack integration
The Results
One year later, the impact is clear. Veryfi's finance team has eliminated manual invoice creation entirely.
Key Benefits Achieved
- Engineers can focus on building cutting-edge OCR technology instead of troubleshooting billing issues
- What used to take days of careful spreadsheet work now happens automatically
- Custom PO numbers appear on every invoice as required
- Contract amendments handled seamlessly without breaking existing agreements
- Real-time support through Slack integration
- Eliminated billing delays and improved cash flow
"The accuracy with which we are able to run our operations has been made exponentially easier through the adoption of JustPaid. Their attention to detail and commitment to precision billing has transformed how we manage our complex contract structures."
What's Next for Veryfi
- Scaling to more enterprise customers with complex pricing
- Expanding automation to usage-based billing components
- Leveraging analytics for revenue forecasting
- Further integration with internal systems
Ready to Automate Your Contract-to-Cash Workflow?
Join companies like Veryfi who've eliminated manual invoice creation with JustPaid. Let's discuss how AI-powered contract intelligence can transform your billing.
