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Parashift VS SMAC Cloud

Compare Parashift VS SMAC Cloud and see what are their differences

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Parashift logo Parashift

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

SMAC Cloud logo SMAC Cloud

SMAC Cloud offers cloud storage service along with fast & secure file sharing.
  • 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.

  • SMAC Cloud Landing page
    Landing page //
    2021-10-13

Parashift

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

SMAC Cloud

Website
smaccloud.com
Pricing URL
Official SMAC Cloud Pricing
Platforms
-
Release Date
-
Edit details

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.

SMAC Cloud features and specs

No features have been listed yet.

Parashift videos

+ Add

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

SMAC Cloud videos

+ Add

SMAC Cloud - Secure cloud storage and file sharing App

Category Popularity

0-100% (relative to Parashift and SMAC Cloud)

Parashift

SMAC Cloud

OCR
66 66%
OCR
34% 34
Accounting
0 0%
Accounting
100% 100
Data Extraction
100 100%
Data Extraction
0% 0
OCR API
100 100%
OCR API
0% 0

User comments

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What are some alternatives?

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

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

AutoEntry - AutoEntry automates data entry by accurately capturing all of your invoices, receipts, expenses and statements into your accounting solution

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

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.

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.

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

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