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What is Parashift?

Eliminate the monotonous chore of manual invoice data entry entirely with Parashift, which enables you to instantly eradicate all of your data entry tasks. There’s no need for any initial setup, complicated infrastructure, or intricate licensing agreements; we charge you solely based on the number of documents processed, with no minimum requirements, allowing you to easily start on a small scale. Our highly adaptable cloud infrastructure provides you with the flexibility to modify your usage as needed, whether that involves scaling up or down. Parashift goes beyond conventional OCR and data capture solutions by also verifying the extracted data, giving you confidence in its accuracy. This groundbreaking approach significantly streamlines your accounts payable processes, promoting a more efficient workflow. We manage the most commonly utilized purchase-to-pay documents such as offers, orders, order confirmations, delivery notes, pro-forma invoices, receipts, credit notes, and dunning notices, including those with overdue fines. Additionally, Parashift integrates effortlessly with your current Purchase to Pay systems, ensuring a seamless and stress-free transition. By implementing this solution, you'll witness a striking enhancement in both operational efficiency and overall productivity while freeing up valuable time for your team to focus on more strategic tasks. The result is a transformative improvement in your business processes that can drive long-term success.

What is Amazon Textract?

Amazon Textract is an advanced, fully managed machine learning service that surpasses standard optical character recognition (OCR) by automatically extracting text and information from scanned documents, such as forms and tables. In the current fast-paced business landscape, numerous organizations find themselves caught between labor-intensive manual data entry, which is both expensive and prone to mistakes, and basic OCR solutions that often require frequent manual tweaks with every form update. To overcome these tedious challenges, Textract employs cutting-edge machine learning methodologies to efficiently read and interpret a variety of document types, facilitating accurate extraction of text, forms, tables, and other data without the need for manual input or bespoke programming. By implementing Textract, companies can optimize and automate their document processing workflows, enabling them to process millions of pages within hours and significantly improving operational effectiveness. This transformation not only accelerates workflows but also minimizes the potential for human error, leading to more precise and trustworthy data management. Furthermore, as businesses increasingly embrace automation, they can redirect their focus towards strategic initiatives, fostering innovation and growth.

Media

Media

Integrations Supported

Axon Ivy
UiPath

Integrations Supported

AWS AI Services
AWS App Mesh
Amazon Augmented AI (A2I)
Amazon Quick Suite
Bika.ai
Camunda
Datasaur
ElectroNeek
FormKiQ
Kognitos
Mantium
n8n

API Availability

Has API

API Availability

Pricing Information

Pricing not provided
Free Trial Offered?

Pricing Information

Pricing not provided
Free Version

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub

Company Facts

Organization Name

Parashift

Date Founded

2017

Company Location

Switzerland

Company Website

parashift.io

Company Facts

Organization Name

Amazon

Date Founded

1994

Company Location

United States

Company Website

aws.amazon.com/textract/

Categories and Features

Accounts Payable

Approval Process Control
Duplicate Payment Alert
Fraud Detection

Data Entry

Data Capture and Transfer
Data Entry Verification
Duplicate Detection
Image Entry

Data Extraction

Disparate Data Collection
Document Extraction
Email Address Extraction
IP Address Extraction
Image Extraction
Phone Number Extraction
Pricing Extraction
Web Data Extraction

Electronic Data Capture

Audit Trail
Data Entry
Data Verification
Distributed Capture
Document Imaging
Document Indexing
Remote Capture

OCR

Not specified

Categories and Features

Data Extraction

Not specified

OCR

Not specified

Text Mining

Not specified

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