Veryfi, using artificial intelligence (AI) technology to transform documents into structured data in just seconds, has announced continued strong business momentum and growth in the second quarter. As economic concerns increase, many companies begin to reduce their staff to control costs; 88 percent of job loss in routine occupations occurs within 12 months of a recession. While economic uncertainty continues, Veryfi has emerged as a trusted, reliable partner for companies seeking greater efficiency and stronger customer relationships, continuing its strong annual recurring revenue (ARR) growth. In the second quarter, Veryfi added over a dozen new logos and major accounts including a top supplier of enterprise resource planning software and one of the world's largest CRM/Direct Marketing Network companies. "As companies seek new ways to increase efficiency and manage costs to position themselves for a challenging economy, Veryfi is leading the way, applying AI to automate routine data entry and streamline business processes," said Ernest Semerda, co-founder and CEO of Veryfi.

As economic concerns increase, many companies begin to reduce their staff to control costs; 88 percent of job loss in routine occupations occurs within 12 months of a recession. While economicda uncertainty continues, Veryfi has emerged as a trusted, reliable partner for companies seeking greater efficiency and stronger customer relationships, continuing its strong annual recurring revenue (ARR) growth. In the second quarter, Veryfi added over a dozen new logos and major accounts including a top supplier of enterprise resource planning software and one of the world's largest CRM/Direct Marketing Network companies. "As companies seek new ways to increase efficiency and manage costs to position themselves for a challenging economy, Veryfi is leading the way, applying AI to automate routine data entry and streamline business processes," said Ernest Semerda, co-founder and CEO of Veryfi. "In Q2, we welcomed over a dozen new customers and multiple strategic accounts spanning key use cases from loyalty marketing to intelligent automation for accounts payable. We are seeing cross-market demand for our Veryfi technology."

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