Parashift

RATING:

4.9

(14)

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 Parashift proprietary Document Swarm Learningยฎ 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 Features Include: Unlimited use-cases: 400+ Document-types out...
Parashift Platform - Presentation

Parashift Reviews

Overall Rating

4.9

Ratings Breakdown

Secondary Ratings

Ease-of-use

5

Customer Support

5

Value for money

5

Functionality

4.5

Most Helpful Reviews for Parashift

1 - 5 of 14 Reviews

User Profile

Michal

Verified reviewer

Information Technology and Services, 2-10 employees

Used daily for less than 6 months

Review Source: Capterra

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed October 2021

Data extraction with simple and well documented API

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.

Martin

Leisure, Travel & Tourism, 51-200 employees

Used daily for less than 6 months

Review Source: Capterra

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed July 2020

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.

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.

Reason for choosing 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

Information Technology and Services, 2-10 employees

Used less than 6 months

Review Source: Capterra

OVERALL RATING:

4

EASE OF USE

4

VALUE FOR MONEY

4

CUSTOMER SUPPORT

5

FUNCTIONALITY

3

Reviewed July 2020

Review from service integration experience

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.

Reason for choosing Parashift

A) The post KI humand verification service, B) the KI seems to be better trained for typical Central Europe documents than other similar KI products eg. from US

Reasons for switching to Parashift

Ease of use, data quality

Hendrik

Furniture, 11-50 employees

Used daily for less than 12 months

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

4

FUNCTIONALITY

4

Reviewed May 2021

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

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

Reason for choosing Parashift

1. By very far best results when it comes to extracting document meta data 2. Ability to connect MS SharePoint with Parashift 3. Value-for-money

Mattia

Venture Capital & Private Equity, 2-10 employees

Used weekly for less than 12 months

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed March 2020

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

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 canโ€™t identify any disadvantages so far.