Software Alternatives, Accelerators & Startups

Parashift VS DocParser

Compare Parashift VS DocParser and see what are their differences

Parashift logo Parashift

Parashift is a deep tech company focusing on the autonomization of document processing through artificial intelligence/machine learning.

DocParser logo DocParser

Extract data from PDF files & automate your workflow with our reliable document parsing software. Convert PDF files to Excel, JSON or update apps with webhooks.
  • 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.

  • DocParser Landing page
    Landing page //
    2023-10-10

Parashift

Pricing URL
-
Platforms
Browser REST API
Release Date
2019 May

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.

DocParser features and specs

  • Ease of Use
    DocParser provides an intuitive and user-friendly interface, making it accessible for users with varying technical expertise to set up parsing rules and extract data.
  • Customization
    Users can create highly customized parsing rules, allowing for precise data extraction tailored to specific needs and document structures.
  • Automation
    The tool supports automatic processing of documents through integrations with cloud storage services and APIs, improving workflow efficiency.
  • Integration Capabilities
    DocParser integrates with various third-party applications such as Salesforce, Zapier, and Google Drive, enabling seamless data transfer and workflow automation.
  • Data Accuracy
    The advanced parsing technology ensures high accuracy in data extraction, minimizing errors and reducing the need for manual correction.

Possible disadvantages of DocParser

  • Pricing
    The cost of DocParser can be relatively high for smaller businesses or infrequent users, potentially limiting accessibility for those with limited budgets.
  • Learning Curve
    While the interface is user-friendly, setting up complex parsing rules can still have a learning curve, requiring users to invest time in understanding the tool’s full capabilities.
  • Document Complexity
    Parsing highly complex or non-standardized documents might pose challenges, and achieving perfect results could require extensive rule adjustments.
  • Limited Offline Functionality
    DocParser relies heavily on internet connectivity for data processing and integrations, potentially limiting its usability in offline environments.
  • Support for Certain File Types
    Although DocParser supports a wide range of file formats, some less common file types may not be supported, which could be a limitation for certain users.

Parashift videos

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

DocParser videos

Extract Tables From PDF to Excel, CSV or Google Sheet with Docparser

More videos:

  • Review - PDF Forms and Contracts Data Extraction - Docparser Screencast #4
  • Review - PDF Data Extraction with Docparser PDF Parser

Category Popularity

0-100% (relative to Parashift and DocParser)
OCR
7 7%
93% 93
Data Extraction
6 6%
94% 94
OCR API
11 11%
89% 89
AI
6 6%
94% 94

User comments

Share your experience with using Parashift and DocParser. For example, how are they different and which one is better?
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Social recommendations and mentions

Based on our record, DocParser seems to be more popular. It has been mentiond 14 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Parashift mentions (0)

We have not tracked any mentions of Parashift yet. Tracking of Parashift recommendations started around Mar 2021.

DocParser mentions (14)

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What are some alternatives?

When comparing Parashift and DocParser, you can also consider the following products

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

Nanonets - Worlds best image recognition, object detection and OCR APIs. NanoNets’ platform makes it straightforward and fast to create highly accurate Deep Learning models.

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

Docsumo - Extract Data from Unstructured Documents - Easily. Efficiently. Accurately.

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.

Parseur.com - Automate text extraction from emails and PDFs by using our powerful email and document parser.