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

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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.


Parashift Alternatives

The best Parashift alternatives based on verified products, votes, reviews and other factors.
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  1. Basware is an all-in-one Billing, and Invoicing Solution that offers scale and reaches for organizations of all sizes allows them to grow their business and unlock values across their operations by simplifying and streamlining financial processes.

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

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

  4. ABBYY's leading AI and machine learning technology solutions range from process analysis, data capture, pdf editor, text and content recognition (OCR) and extraction, combining process and content insights to deliver digital intelligence.

  5. Gmelius is the first collaboration platform designed for G Suite and your company's daily tools.

    freemium $9.0 / Monthly

  6. Receipt Bank converts key information from your bills, receipts and invoices into data you and your company can use! No obligation Free Trial available.

    paid $12.5 / Monthly (1 user, 50 items*/month)

  7. Ekiga (formely known as GnomeMeeting) is an open source VoIP and video conferencing application for...

  8. Online software for automated accounting.

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

  10. doxo helps you organize and pay your bills, manage your paperless documents and store your account...

  11. 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.

  12. Officewise offers online software and other back office solutions like accounting and inventory management for business.

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This article was published on | Author of Parashift's details: | Publisher: SaaSHub
Categories: Artificial Intelligence, Document Automation, OCR API