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DOKKA.com VS Parashift

Compare DOKKA.com VS Parashift and see what are their differences

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DOKKA.com logo DOKKA.com

The Future has Arrived: Accounting Process Automation

Parashift logo Parashift

Parashift is a deep tech company focusing on the autonomization of document processing through artificial intelligence/machine learning.
  • DOKKA.com Landing page
    Landing page //
    2023-05-10

DOKKA is a platform streamlining bookkeeping for businesses and accounting companies. We don’t do the accounting software. We integrate with the different packages, such as Xero, QBO & SAGE, and streamline all the areas around it such as document collection, document management, messaging collaboration, AI powered bookkeeping entry creation, bookkeeping entry & document push into the Accounting Software.

  • Parashift Landing page
    Landing page //
    2023-08-23

Parashift built a software with artificial intelligence to handle documents. Unlike its competitors, Parashift offers 100% correct extraction of data from paper documents. Further, they shifting paradigm how documents are handled in future. After 2 years of science basic research with PhD in mathematics, Engineers etc. they launched this year their platform.

Today, many companies are still processing most of their daily document inflow manually. This is not only very time consuming and expensive, but not necessary any-more. Parashift provides companies sophisticated solutions based on machine learning technologies for their individual needs. Empowered by these technologies, companies benefit from time and cost reduction by up to 80% related to document management processes. In the process of getting product-market fit, Parashift has built a proprietary artificial intelligence data extraction engine that enables customers to send random, unprepared receipts and invoices to a developed platform which then undergoes a quality enhancement before the engine makes document classifications and full data extractions with implemented confidence checks. Customers then have the optionality to do either a self-validation process on low confidence documents or make us of Parashift’s offer to validate GDPR compliant results, using a combination of technological and human measures.

DOKKA.com

Website
dokka.com
Pricing URL
Official DOKKA.com Pricing
$ Details
freemium $149.0 / Monthly (Connect up to 10 clients)
Platforms
Browser iOS Android Windows Mac OSX
Release Date
2017 January
Edit details

Parashift

Website
parashift.io
Pricing URL
-
$ Details
-
Platforms
Browser REST API
Release Date
2019 May
Edit details

DOKKA.com features and specs

  • Automation
    DOKKA automates many of the tedious tasks involved in bookkeeping, such as data entry, invoice management, and document organization. This can save businesses a significant amount of time and reduce errors.
  • Cloud-Based
    Being a cloud-based platform, DOKKA allows users to access their accounting data from anywhere at any time, provided they have an internet connection. This adds a layer of flexibility and convenience.
  • Integration
    DOKKA integrates with various accounting software like QuickBooks, Xero, and others. This makes it easier to sync data and maintain consistency across different platforms.
  • Collaboration
    The platform offers features that facilitate collaboration among team members, including file sharing and real-time updates. This can enhance communication and teamwork within a company.
  • Secure Storage
    DOKKA provides a secure way to store financial documents and sensitive data. With advanced encryption and backup solutions, it ensures that data is safe from unauthorized access and loss.

Possible disadvantages of DOKKA.com

  • Cost
    The platform might be costly for small businesses or startups with limited budgets. The pricing model might not fit into everyone's financial plans.
  • Learning Curve
    New users might find it challenging to get accustomed to the platform. It may require some time and training to fully understand and utilize all its features.
  • Dependency on Internet
    As a cloud-based service, DOKKA requires a stable internet connection for access. Any internet outages could disrupt workflow and access to important documents.
  • Customization Limitations
    While DOKKA offers a variety of features, some users might find the customization options limited. This can be a downside for businesses with unique needs that require tailored solutions.
  • Support and Reliance
    Users are reliant on DOKKA's customer support for troubleshooting and assistance. Any delays or issues in receiving support could impact the user experience and workflow.

Parashift features and specs

  • Automation
    Parashift offers advanced automation capabilities that can significantly streamline document processing tasks, reducing manual input and the potential for human error.
  • AI-Driven
    The platform utilizes AI and machine learning to improve document recognition and data extraction accuracy over time, enhancing efficiency and reliability.
  • Scalability
    Parashift's cloud-based solution allows businesses to easily scale their document processing operations according to demand, without the need for significant infrastructure investment.
  • Integration
    Seamless integration with existing systems and workflows is possible, ensuring that companies can adopt Parashift without extensive changes to their current processes.
  • Time Savings
    Automating document processing can lead to considerable time savings, allowing employees to focus on more strategic tasks rather than routine paperwork.

Possible disadvantages of Parashift

  • Initial Setup Complexity
    Setting up the system and ensuring smooth integration with existing workflows may require some technical expertise and support, which can be a barrier for smaller businesses.
  • Cost
    The subscription-based model and potentially high initial setup costs may not be feasible for all companies, particularly small enterprises with limited budgets.
  • Dependence on Cloud
    As a cloud-based solution, Parashift relies on internet connectivity and external server reliability, which may pose risks or challenges in areas with poor network infrastructure.
  • Customization Limits
    While Parashift offers some level of customization, there may be limitations in tailoring the service beyond its predefined options, which could be a downside for businesses with unique needs.
  • Data Privacy Concerns
    Handling sensitive documents requires stringent adherence to data privacy regulations, and some companies may have concerns about entrusting their data to a third-party service.

DOKKA.com videos

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Parashift videos

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Google Cloud Meetup #5 - How parashift uses GCP and ML to solve doc extraction at scale by T. Rossa

Category Popularity

0-100% (relative to DOKKA.com and Parashift)

DOKKA.com

Parashift

Accounting
100 100%
Accounting
0% 0
OCR
0 0%
OCR
100% 100
Bookkeeping
100 100%
Bookkeeping
0% 0
Data Extraction
0 0%
Data Extraction
100% 100

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What are some alternatives?

When comparing DOKKA.com and Parashift, you can also consider the following products

Dext - Remove the effort of collecting and processing invoices and expenses. With bookkeeping automation from Dext, you can free up time to grow your business.

Mindee - Extract any data point, from any document, in a second

Datamolino - Process all invoices without retyping. We turn your invoices into structured electronic documents, that you can import directly into your accounting system.

Alphamoon.ai - Say Hi to the future of document processing

EntryRocket - Simplify your bookkeeping by automating file imports into Xero.

Rossum - Rossum is AI-powered, cloud-based invoice data capture service that speeds up invoice processing 6x, with up to 98% accuracy. It can be easily customized, integrated and scaled according to your company needs.

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