Parashift Insights

Early vs. Late Scanning: How to optimize your business processes with early scanning

Companies process a huge amount of documents every day. Nowadays, most of these documents are digitally archived and no longer stored in paper format. However, many companies still use the physical documents for processing the information on the documents and...

July 23, 2020

Transport & Logistics

Multichannel document processing through processing in the cloud

Employees of all types of organizations deal with documents and text data on a daily basis. The most common types are pdf documents such as correspondence, invoices, purchase orders, etc. However, many organizations still have to deal with paper-based and...

July 14, 2020

Finance & Insurance

Robotic process automation trends and possible implications for the insurance industry

A few years ago, Robotic Process Automation (RPA) was a brand new technology. McKinsey already predicted in 2013 that technologies for automating knowledge work will be extremely important in the future. A few years later, the first companies were then already starting...

July 9, 2020

Accounting & Business Services

The advantages of automated invoice processing in your accounts payable department

When it comes to the question of which business area would tolerate an upgrade, accounts payable departments in particular should be examined more closely. After all, there is often plenty of scope there to generate disproportionate impact with only marginal...

July 7, 2020

General

Mean value and variance: Potentially misleading KPIs

“Statistics are like bikinis. What they show is stimulating, but what they hide is the main thing” – Aaron Levenstein.In view of the enormous amounts of data, it is impossible to imagine life without statistics these days. Statistical calculations are...

July 2, 2020

General

Business process outsourcing: Competitive advantages through the outsourcing of document extraction

What is Business Process Outsourcing? Business Process Outsourcing (BPO) has its origins in the manufacturing industry, where soft drink manufacturers have outsourced some stages of the supply chain to other companies. Although these stages were not the core business, as...

June 30, 2020

General

Machine learning model drifts and benchmarks

Industries and workplaces have already changed considerably with the advent of data science, data analytics, big data, machine learning and artificial intelligence (AI). Over the past decade, these new technologies have helped us to largely automate and improve processes such...

June 25, 2020

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Early vs. Late Scanning: How to optimize your business processes with early scanning

More automation in logistics with intelligent document capture

Robotic process automation trends and possible implications for the insurance industry

The advantages of automated invoice processing in your accounts payable department

Mean value and variance: Potentially misleading KPIs

Business process outsourcing: Competitive advantages through the outsourcing of document extraction

Machine learning model drifts and benchmarks

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