Parashift Document Center

Document classification, extraction, and validation solution

4,8 /5 (5 reviews) Write a Review!

Parashift Document Center Overview

What is Parashift Document Center?

Parashift enables automated classification and data extraction of various business documents. No setup, no configuration, no follow-up validation, and no basic fee. Customers simply integrate the functionalities via REST API and can start processing from the get go.

The first product, the Purchase to Pay Suite, comes with the most important document types and extraction fields that allow for the following exemplary use cases:

- Automated data entry of delivery notes, orders, invoices, or credit notes (and more).
- Automated billing reconciliation against order data or contracts either on total amount or also detailed on the line items.
- Automated processing of of invoices enabled by order reconciliation and all data for entire accounting data respectively suggestions.

Empowered by our machine learning technologies, companies benefit from significant time and cost reductions in document management processes. Moreover, Parashift unlocks completely new business opportunities that were yet untapped, allowing for greater value generation for customers.

Parashift Document Center Overview

Pricing

Starting from
US$0,35

Pricing options

Free Trial
Value for money

We provide customers with an on demand and a package model. Pricing for fully validated header data starts at $0.35 for a single document. The higher the volume, the more attractive the pricing.


Parashift Document Center Features

Devices
Business size
S M L
Markets
United States, Canada, Germany
Supported Languages
English, French, German

Media

Parashift Document Center API keys
Parashift Document Center address list
Parashift Document Center receipt view
Parashift Document Center documents database
Parashift Document Center video Parashift Document Center screenshot: Parashift Document Center API keys Parashift Document Center screenshot: Parashift Document Center address list Parashift Document Center screenshot: Parashift Document Center receipt view Parashift Document Center screenshot: Parashift Document Center documents database

Parashift Document Center Reviews

Parashift Document Center Reviews

Overall rating
4,8
/
5
Excellent
4

Very good
1

Average
0

Poor
0

Terrible
0

Value for Money
4,8
Features
4,6
Ease of Use
4,8
Customer Support
5
100% recommended this app
Max W.

Document extraction on property management platform


Martin J.

Parashift for invoice recognition

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.


Fabian W.

Review from service integration experience


Mattia R.

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


Verified Reviewer

Best software for document processing


Max W.
Industry: Real Estate
Company size: 2-10 Employees

Document extraction on property management platform

Used Daily for 6-12 months
Reviewed on 2020/04/30
Review Source: Capterra

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.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 9.0/10

Martin J.
Industry: Leisure, Travel & Tourism
Company size: 51-200 Employees

Parashift for invoice recognition

Used Daily for 1-5 months
Reviewed on 2020/07/06
Review Source: Capterra

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.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 9.0/10

Fabian W.
Industry: Information Technology & Services
Company size: 2-10 Employees

Review from service integration experience

Used Other for 1-5 months
Reviewed on 2020/07/24
Review Source: Capterra

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.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 8.0/10

Mattia R.
Industry: Venture Capital & Private Equity
Company size: 2-10 Employees

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

Used Weekly for 6-12 months
Reviewed on 2020/03/31
Review Source: Capterra

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.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

Verified Reviewer
Industry: Financial Services
Company size: 11-50 Employees

Best software for document processing

Used Daily for 6-12 months
Reviewed on 2020/05/11
Review Source: Capterra

Pros

- No need to take any actions regarding the correction of extraction results
- First-Class support

Cons

We have nothing to complain about. We are looking forward to have even more document types.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

User recommendation
9,2/10
Based on 5 user ratings
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Parashift Document Center Pricing

Parashift Document Center Pricing

Starting from
US$0,35
Free Trial
Value for money

We provide customers with an on demand and a package model. Pricing for fully validated header data starts at $0.35 for a single document. The higher the volume, the more attractive the pricing.

We provide customers with an on demand and a package model. Pricing for fully validated header data starts at $0.35 for a single document. The higher the volume, the more attractive the pricing.

Value for Money
4,8/5
Based on 5 user ratings
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Parashift Document Center Features

Parashift Document Center Features

API
Access Control
Activity Dashboard
Activity Tracking
Alerts / Escalation
Auditing
Automatic Notifications
Collaboration Tools
Compliance Management
Data Import/Export
Data Visualization
Drag & Drop Interface
Monitoring
Real Time Data
Real Time Monitoring
Reporting & Statistics
Search Functionality
Third Party Integration
User Management
Workflow Management
Features
4,6/5
Based on 5 user ratings
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Categories

Additional information for Parashift Document Center

Additional information for Parashift Document Center

Key features of Parashift Document Center

  • Approval Process Control
  • Archiving & Retention
  • Audit Trail
  • Collaboration Tools
  • Data Capture and Transfer
  • Data Entry Verification
  • Data Verification
  • Document Imaging
  • Document Indexing
  • Document Storage
  • Duplicate Payment Alert
  • Email Address Extraction
  • Fraud Detection
  • Full Text Search
  • Invoice Processing
  • Phone Number Extraction
  • Remote Capture
  • Third Party Integration
  • Web Data Extraction

Benefits

- Open and expandable Cloud-first solution that can easily be integrated into existing software landscapes and workflows
- "Out-of-the-Box" solution that enables template free document processing with various pre-configurated document types and pre-trained field types
- Customers receive fully validated data and therefore, save on internal follow-up validation work processes
- The setup and processes are all strictly GDPR compliant

Parashift Document Center FAQs

Parashift Document Center FAQs

Below are some frequently asked questions for Parashift Document Center.

Q. What type of pricing plans does Parashift Document Center offer?

Parashift Document Center offers the following pricing plans:

Starting from: US$0,35

Free Trial: Available

We provide customers with an on demand and a package model. Pricing for fully validated header data starts at $0.35 for a single document. The higher the volume, the more attractive the pricing.

Q. What are the main features of Parashift Document Center?

Parashift Document Center offers the following features:

  • Approval Process Control
  • Archiving & Retention
  • Audit Trail
  • Collaboration Tools
  • Data Capture and Transfer
  • Data Entry Verification
  • Data Verification
  • Document Imaging
  • Document Indexing
  • Document Storage
  • Duplicate Payment Alert
  • Email Address Extraction
  • Fraud Detection
  • Full Text Search
  • Invoice Processing
  • Phone Number Extraction
  • Remote Capture
  • Third Party Integration
  • Web Data Extraction

Q. Who are the typical users of Parashift Document Center?

Parashift Document Center has the following typical customers:

Large Enterprises, Public Administrations, Mid Size Business

Q. What languages does Parashift Document Center support?

Parashift Document Center supports the following languages:

English, French, German

Q. What type of pricing plans does Parashift Document Center offer?

We do not have any information about what Parashift Document Center pricing plans

Q. Does Parashift Document Center support mobile devices?

We do not have any information about what devices Parashift Document Center supports

Q. What other apps does Parashift Document Center integrate with?

Parashift Document Center integrates with the following applications:

UiPath Robotic Process Automation

Q. What level of support does Parashift Document Center offer?

Parashift Document Center offers the following support options:

Phone Support, Online Support, Forum, Knowledge Base