VerifyID
vs
ClearContract

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Company size

Number of employees

Microenterprises (1-10)
Small business (11-100)
Medium-sized enterprises (101-500)
Large companies (500+)
Microenterprises (1-10)
Small business (11-100)
Medium-sized enterprises (101-500)
Large companies (500+)

Platform

Cloud service
Mobile app
Cloud service
Mobile app

Price information

Free trial
Price model module
Subscription price model
Price model license
Free trial
Price model module
Subscription price model
Price model license

Product features in Compliance Management Software

API
Automatic notifications
Background checks
Completed regulations
DORA
ID identification
IFRS16
NIS2
Onboarding
PEP identifications
Real-time updates
Risk assessments
Watch list
API
Automatic notifications
Background checks
Completed regulations
DORA
ID identification
IFRS16
NIS2
Onboarding
PEP identifications
Real-time updates
Risk assessments
Watch list

Reviews

Based on 2 reviews

Based on 2 reviews

Ease of use
Cooperation with the supplier
Support and service
Range of functions
Customisation and flexibility
Integration
Value for money
How satisfied are you overall?
Ease of use
Cooperation with the supplier
Support and service
Range of functions
Customisation and flexibility
Integration
Value for money
How satisfied are you overall?

Reviews

Pros

The user-friendliness and how easy it is for us to build new KYC flows ourselves. We use the ‘build-it-yourself’ feature for many flows and love how easy it is to change them on the fly, so we don’t have to get in touch with a programmer or anyone else every time something needs adjusting. It gives us the freedom to manage everything ourselves in a system that’s just so easy to use. On top of that, it’s brilliant that there’s AI for case management, self-assessments and structure, so we spend almost no time on manual administrative work. But one of the best things is that we can easily send out contracts and link them to the client’s profile directly from the system, so we don’t need to use several different systems.
We’ve been using VerifyID for our KYC, and it’s been a really good experience. The system is easy to use and very straightforward from start to finish.
A small and highly agile company that does what the big players do, but embraces all the possibilities AI offers. This means that information is automatically extracted from contracts, we can negotiate contracts with AI to make changes and draft new contracts. So the CMS is only a small part.
It's clear to see that you're dealing with an ai-first company. Instead of AI coming in as a tool from the side, the site is built on a foundation of AI. This makes it intuitive to use AI in a very fluid way - where you totally forget that you're actually solving something in 5 minutes that used to take half an hour.

Reviews

Cons

The fact that there isn’t a mobile app yet. We mainly work on a computer, so it isn’t a problem in our day-to-day work, but when we’re out and about visiting clients, we do find ourselves wishing we could send out new verification links or manage cases a bit directly from our phones.
If my ID is down, so is VerifyID, but that’s the only thing
I do a lot of business with customers abroad, especially Germany, and here it would be nice if CC was more internationally orientated.
ClearContract is not yet on the European market, and I have a lot of transactions with Germany where I miss some features.