Software Alternatives, Accelerators & Startups

Wave Financial VS Parashift

Compare Wave Financial VS Parashift and see what are their differences

Wave Financial logo Wave Financial

Award-winning financial software designed for entrepreneurs.

Parashift logo Parashift

Parashift is a deep tech company focusing on the autonomization of document processing through artificial intelligence/machine learning.
  • Wave Financial Landing page
    Landing page //
    2023-09-06
  • 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.

Wave Financial

Platforms
-
Release Date
2009 January
Startup details
Country
Canada
State
Ontario
City
Toronto
Founder(s)
James Lochrie
Employees
100 - 249

Parashift

Pricing URL
-
Platforms
Browser REST API
Release Date
2019 May

Wave Financial videos

Wave - Free Invoicing App!! Is it Right for You?

More videos:

  • Review - UFO361 - WAVE | Review | Kritik | Comeback | Zwischen Drip & Depri

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 Wave Financial and Parashift)
Accounting
100 100%
0% 0
Data Extraction
0 0%
100% 100
Small Business
100 100%
0% 0
OCR
0 0%
100% 100

User comments

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Reviews

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

Wave Financial Reviews

8 Best QuickBooks Alternatives You Can Use in 2021
Similar to ZipBooks, Wave is also an accounting software alternative to Quickbooks. It contains enough features needed to run a small business. They provide paid payment processors and payrolls to generate money. Above all, it comes completely free of charge.
Source: techdator.net
10 of the Best FreshBooks Alternatives That Will Make Bookkeeping Easier
Wave is another free FreshBooks alternative that syncs your bank account, expense statement, and balance sheet. And there’s no catch.
Source: shanebarker.com
10 Best accounting software for Salesforce businesses
Automation features that are triggered in Wave with the Salesforce integrations include new customer records and invoice creation. In the opposite direction, Wave can trigger record updates in Salesforce when specific actions have been taken. In addition, Wave includes automatic bank feeds and a streamlined reconciliation process. Wave also handles bulk transaction uploads...
The Top 11 Cloud-Based Accounting Solutions for Small Businesses
Wave is a great solution for freelancers or small businesses with just a few employees. The best part about Wave is that you can get most of the features for free.
Source: navitance.com
7 Best QuickBooks Alternatives 2018 [Free & Paid]
Wave is easier to use than QuickBooks and absolutely free. It doesn’t contain all the features available in QuickBooks Online, such as tracking inventory and assigning income and expenses to classes, locations, and projects. However, Wave does contain some features like connecting to your bank account and creating transactions from uploaded receipts. If you don’t need...

Parashift Reviews

We have no reviews of Parashift yet.
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Social recommendations and mentions

Based on our record, Wave Financial seems to be more popular. It has been mentiond 42 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.

Wave Financial mentions (42)

  • First freelancing gig, need advice
    If you need CC processing for yourself, go to waveapps.com and go create an account. Source: 12 months ago
  • Proposal, Invoice, and Payment Solutions
    I use waveapps.com. It's free and keeps track of everything all in one spot. You can even accept credit cards through them. Source: about 1 year ago
  • Time to say goodbye to Quickbooks
    You know that Quicken comes from the same company as Quickbooks, right? Personally I would go back to a #2 and ledger paper before I give Intuit another nickel. Quicken For Small Business looks inexpensive at the moment, but it is also SaaS and they will still have you by the short hairs just like they do now. Take a look at waveapps.com . It's free for the basic accounting software. Source: about 1 year ago
  • Just confirming for others that QB 2022 did indeed die at end of subscription
    You can dig for my other post if you want, short story is that I was tricked into upgrading from QB Desktop 2019 to 2022 because "2019 will stop working". I was not told QBD 2022 was subscription based. They hit me up 30 days before end of subscription and jacked my annual fee from $220 to $549. After 15 years I'm done with this. Solo Freelancer. Don't need to pay for something that I don't use all the features.... Source: about 1 year ago
  • Payroll expense tracking?
    Wave does all of this. I only use the invoicing product, but I know they also offer bookkeeping and even payroll services. Source: about 1 year ago
View more

Parashift mentions (0)

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

What are some alternatives?

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

FreshBooks - The ideal accounting software for small business owners.

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

Xero - Xero is online accounting for your small 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.

QuickBooks Online - QuickBooks Online is a Cloud Accounting for small business that can be used on iPad, mobile phone or computer to do invoicing, billing, run reports, or even pay employees online.

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.