Software Alternatives, Accelerators & Startups

Procurify VS Parashift

Compare Procurify VS Parashift and see what are their differences

Procurify logo Procurify

Reinvent the way organizations spend to make the purchasing process more accessible, manageable and convenient.

Parashift logo Parashift

Parashift is a deep tech company focusing on the autonomization of document processing through artificial intelligence/machine learning.
  • Procurify Landing page
    Landing page //
    2023-09-24

Procurify enables maturing companies to be proactive about managing their spend culture by providing a combination of accessible data, convenient process and manageable controls.

Procurify is the go-to spend management solution for mid-sized companies. Across the world, hundreds of companies use Procurify to track, control and analyze their spending. With its comprehensive workflow and user-friendly interface, Purchasing, Procurement, and Finance teams have been able to implement Procurify across departments and teams, to create a better Spend Culture. Get set up in as little as two weeks and let us help you transform your procurement process.

  • 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.

Procurify videos

Procurify Complete Product Walkthrough - Request to Bill Process

More videos:

  • Review - Why Procurify? - Procurify Solutions Overview
  • Review - Purchasing Made Ridiculously Simple | Procurify

Parashift videos

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 Procurify and Parashift)
Procurement And Purchasing
Data Extraction
0 0%
100% 100
Small Business
100 100%
0% 0
OCR
0 0%
100% 100

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Procurify and Parashift

Procurify Reviews

Top 9 Procurement Tools for SMBs (2024)
Procurify also supports creating a workflow for automating and tracking every purchase journey step. You can also set purchasing permission based on department and location. The ability to sort all orders for a vendor is another highlighted feature of this tool.
Source: geekflare.com
10 Best Procurement Management Software Tools in 2023
Procurify is one of the most user-friendly and best tools for procurement teams. With Procurify, you get real-time visibility into all business processes, spend, and supplier management solutions all in one place.
Source: clickup.com

Parashift Reviews

We have no reviews of Parashift yet.
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What are some alternatives?

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

Ariba - Ariba is a software and information technology services platform providing companies with collaborative business commerce solutions.

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

Precoro - Precoro is a robust procure-to-pay system for your business. Automated purchasing, simple sourcing and spend analytics — all in one easy-to-use platform!

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.

ProcurementExpress - ProcurementExpress.com is a powerful, user-friendly online purchase order management system. End Your Wasted Spend. Simple. Fast & Effective.

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.