Parashift
About Parashift
Parashift Intelligent Document Processing helps organizations to minimize the time spent manually processing all documents across all use cases by continuously learning from all data processed. This is driven by Parashifts proprietary Document Swarm Learning® technology, which ensures robust AI-based learning while maintaining utmost Information Security and Compliance.
Experience Immediate Value: Parashifts secure and cutting-edge cloud-based AI document processing delivers immediate results. Parashift represents a new generation of Intelligent Document Processing platforms, harnessing the power of thousands of AI models in parallel to provide extensive document data capabilities right out of the box.
Key benefits of Parashift
Unlimited use-cases: 400+ Document-types out of the box. Create your own specific use-case.
Intelligent Document Separation: Separate batch-documents into single documents intelligently.
Document Classification: Identify & Sort standard or individual documents according to their type.
AI Data Extraction: Read data from your documents using Document Swarm Learning® AI.
Automate & Route: Use AI and sophisticated rules to automate & route document content.
Seamless Integration: Integrate our Document AI capabilities seamlessly into your existing applications and processes, simplifying your workflow.
While Parashift is excellent for invoices, your Intelligent Document Processing journey is not limited to them. With Parashift you can intelligently process any kind of document.
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Reviews
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- Industry: Information Technology & Services
- Company size: 2–10 Employees
- Used Daily for 1-5 months
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Data extraction with simple and well documented API
Reviewed on 5/10/2021
Pros
Parashift does the job we need it to. Our business processes thousands of invoices, we needed an AI solution to keep up with the demand, but we needed all the data and line items to be verified as well. That is what Parashift does. After integrating with their API, our new processing capabilities were up and running.
Cons
We run into few technical questions while integrating with the API that was not yet covered by the documentation. Luckily, the support staff is very responsive, and everything was resolved quickly.
Alternatives Considered
Rossum- Industry: Leisure, Travel & Tourism
- Company size: 51–200 Employees
- Used Daily for 1-5 months
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 9.0 /10
Parashift for invoice recognition
Reviewed on 6/7/2020
We use Parashift for the extraction of invoices for a better workflow management and faster...
We use Parashift for the extraction of invoices for a better workflow management and faster processing all over the company. With parashift we save working time on distributing the invoice to the reponsible employee and also on transmitting invoice details in our backoffice system. With the given details of the invoices also our accounting will save time on allocation, because we can automate it.
Pros
It is an easy to implement API, so we get started really fast. The first results we had after some hours and in a week we were ready with the API communication. (Most time we needed to change our internal workflows and for automation processes)
All results are validated and within our tests they all were fine.
Support ist fast but not really needed.
Cons
All is ok for us, but you need to accept, that Parashift use external cloud services and external agents for validation. Because of validation it is also not a live-API, so you can not use it for instant billing.
Reasons for Switching to Parashift
There are no high starting and fixed costs. It was easy to implement in existing processes. We stay independent, we can always stop using or switch over to another product, if we need. (We do not hope so)- Industry: Information Technology & Services
- Company size: 2–10 Employees
- Used for 1-5 months
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 8.0 /10
Review from service integration experience
Reviewed on 24/7/2020
Pros
Parashift offers us a cutting edge service solution portfolio for document data extraction which is steadily evolving. With a combination of KI and shared service human review and correction of extracted data they seem to be able to deliver more accurate data as we have seen with other similar services. Lightweight JSON based API allows fast integration into our RPA solutions.
Cons
Could need some improvement with their interface and data structure documentation.
- Industry: Furniture
- Company size: 11–50 Employees
- Used Daily for 6-12 months
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Only tool for SMEs to realize reliable and cost effective digital workflows for document...
Reviewed on 17/5/2021
Sympathetic team which thankfully has decided to focus on one of the most important aspects of...
Sympathetic team which thankfully has decided to focus on one of the most important aspects of digital document processing: Realiable extraction of document meta data.
Pros
Parashift offers accurate character recognition, extraction of document meta data and document categorisation at a cost which finally makes it attraktive for SMEs to use pure digital workflows.
With Parashift we experience a 100% acceptance of our users with newly digitalised work flows. The reason: The data is reliable and manual work of extracting meta data completely eliminated. Thus providing real improvement to the document handling experience for our users.
Great API documentation which allowed us to connect SharePoint without any support.
Cons
Areas of improvement are:
- Automated OCR switches to manual OCR when there is text in an embedded picture file in an otherwise text-based PDF. This creates room for transcription errors.
- On-site feedback system raising flags for Parashift developers and linking to a particular document would be great
- Industry: Real Estate
- Company size: 2–10 Employees
- Used Daily for 6-12 months
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 9.0 /10
Document extraction on property management platform
Reviewed on 30/4/2020
Pros
Fairwalter is a property management software. We use Parashift to extract and understand data from scanned documents so that processes (such as paying customers or reacting to tenant queries) can be automated. This is a hugely popular feature and the integration with the Parashift API was accomplished within a few days.
Cons
Data extraction works great for accounting related documents. Further property management-related use cases would bring great additional value for our company.
Parashift FAQs
Below are some frequently asked questions for Parashift.Q. What type of pricing plans does Parashift offer?
Parashift offers the following pricing plans:
- Pricing model: Subscription
- Free Trial: Available
We provide customers with four tiers, tailored to their individual document automation needs. For those who just want to jump in and play with document AI, the monthly entry price is 75 (charged annually) and includes a document volume of 500 per month.
Q. Who are the typical users of Parashift?
Parashift has the following typical customers:
51–200, 201–500, 501–1,000, 1,001–5,000
Q. What languages does Parashift support?
Parashift supports the following languages:
English, German
Q. Does Parashift support mobile devices?
Parashift supports the following devices:
Q. What other apps does Parashift integrate with?
Parashift integrates with the following applications:
DocuWare, ELO ECM Suite, JobRouter, M-Files, Office 365 Document Management, Salesforce Platform, Scanmarket, ServiceNow, UiPath, docuvita
Q. What level of support does Parashift offer?
Parashift offers the following support options:
Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, Chat
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