Parashift

4.9 (14)
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Document classification, extraction, and validation solution

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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Parashift Software - Parashift Platform - Intelligent Document Processing
Parashift Software - Parashift Document Capture Process
Parashift Software - Parashift - Swarm Learning
Parashift Software - Parashift - Compliance
Parashift Software - Parashift processes all your business documents
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Parashift Software - Parashift Document Capture Process
Parashift Software - Parashift - Swarm Learning
Parashift Software - Parashift - Compliance
Parashift Software - Parashift processes all your business documents

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Parashift

4.9 (14)
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Starting Price

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US$50.00
month

Pricing Options

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Ease of Use

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Value for Money

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Customer Service

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Reviews

Overall rating

4.9 /5
(14)
Value for Money
4.8/5
Features
4.7/5
Ease of Use
4.8/5
Customer Support Software
4.9/5

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Software buyers need your help! Product reviews help the rest of us make great decisions.

Showing 5 reviews of 14
Michal
Michal
Overall rating
  • Industry: Information Technology & Services
  • Company size: 2–10 Employees
  • Used Daily for 1-5 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support Software
  • Likelihood to recommend 10.0 /10

Data extraction with simple and well documented API

Reviewed on 2021-10-05

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
Martin
Overall rating
  • Industry: Leisure, Travel & Tourism
  • Company size: 51–200 Employees
  • Used Daily for 1-5 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support Software
  • Likelihood to recommend 9.0 /10

Parashift for invoice recognition

Reviewed on 2020-07-06

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.

Alternatives Considered

ELO ECM Suite and JobRouter

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)
Fabian
Overall rating
  • Industry: Information Technology & Services
  • Company size: 2–10 Employees
  • Used for 1-5 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support Software
  • Likelihood to recommend 8.0 /10

Review from service integration experience

Reviewed on 2020-07-24

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.

Hendrik
Overall rating
  • Industry: Furniture
  • Company size: 11–50 Employees
  • Used Daily for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support Software
  • Likelihood to recommend 10.0 /10

Only tool for SMEs to realize reliable and cost effective digital workflows for document...

Reviewed on 2021-05-17

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

Mattia
Overall rating
  • Industry: Venture Capital & Private Equity
  • Company size: 2–10 Employees
  • Used Weekly for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support Software
  • Likelihood to recommend 10.0 /10

Finally a flexible and intelligent document processing software that gets my documents done!

Reviewed on 2020-03-31

Pros

Parashift provides users with a comprehensive test environment that allows for fast and extensive testings of the functionalities. This way, we as a company were able to act quickly and speed up the evaluation process to eventually get to a final decision. Today, thanks to a different approach in terms of the underlying technology and complementary validation processes at Parashift, we can scan everything from offers to accounts payable vouchers, receipts, and other documents and get back correct data for an affordable price. Really rad! And all this without any ramp up phase or expensive setup costs. We simply integrated the well documented API into our existing software and workflows ourselves and we were good to go. With the fully validated meta data, we are now capable of gradually increasing the automation rate of our shadow processing across accounts which resulted in significant time and cost reductions after a few months of software usage already.

Cons

I actually can’t identify any disadvantages so far.

Showing 5 reviews of 14 Read all reviews

Parashift FAQs

Below are some frequently asked questions for Parashift.

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.

Parashift has the following typical customers:

51–200, 201–500, 501–1,000, 1,001–5,000

Parashift supports the following languages:

English, German

Parashift supports the following devices:

Parashift integrates with the following applications:

DocuWare, ELO ECM Suite, JobRouter, M-Files, Office 365 Document Management, Salesforce Platform, Scanmarket, ServiceNow, SharePoint, UiPath, docuvita

Parashift offers the following support options:

Email/Help Desk, FAQs/Forum, Knowledge Base Software, Phone Support, Chat

Related categories

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