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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 Innovo API?

Incorporate our solution into your systems to enhance your applications significantly. By utilizing our robust infrastructure and advanced functionalities, you can achieve remarkable improvements. The Innovo API is designed to effortlessly integrate with your company's web or mobile apps, allowing for a smooth transition. Leveraging Innovo42's cutting-edge OCR and machine learning technologies, the API efficiently extracts data from invoices and receipts. This data can be tailored to fit the specific requirements of your application, ensuring optimal performance. The innovative data extraction technology within the Innovo API transforms receipts into structured data seamlessly. This achievement stems from our sophisticated multi-layered framework that effectively employs machine learning algorithms alongside OCR capabilities. Furthermore, our system incorporates a series of validation processes to enhance the management of expenses and invoices. With our solution, it is as simple as capturing an image with your smartphone and sending it to us, paving the way for a hassle-free experience. In conclusion, our API not only streamlines data handling but also boosts overall efficiency in your financial processes.

Media

Media

Integrations Supported

Axon Ivy
UiPath

Integrations Supported

MYOB
QuickBooks Online
Xero

API Availability

Has API

API Availability

Pricing Information

Pricing not provided
Free Trial Offered?

Pricing Information

$6.00/month/user
Free Version
Free Trial Offered?

Supported Platforms

SaaS

Supported Platforms

SaaS
Android
iPhone
iPad

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
On-Site Training

Company Facts

Organization Name

Parashift

Date Founded

2017

Company Location

Switzerland

Company Website

parashift.io

Company Facts

Organization Name

Innovo42

Date Founded

2018

Company Location

Singapore

Company Website

www.innovo42.com

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

Expense Report

Approval Process Control
Multi-Currency
Receipt Management
Workflow Management

OCR

Not specified

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