enio and Parashift transform the accounts payable workflow in Swiss SMEs

Sissach, Switzerland 13.04.2021 – enio, a Swiss software vendor based out of Einsiedeln, and Parashift, a provider of machine learning-based software for extracting any document, have announced a solution partnership. The partnership aims to help Swiss SME businesses achieve greater efficiency in their accounts payable workflows.

The team behind enio brings many years of hands-on experience in digital invoice processing. Accordingly, InvoiceR builds on valuable insights and provides customers from a wide range of industries with an easy-to-use invoice receipt solution that comes with a fully comprehensive standard, yet can be quickly customized to meet individual needs. InvoiceR is ERP and ECM vendor-independent. Existing solutions can be easily connected.

InvoiceR allows companies to implement a digital business process for invoice processing in a short time. The account assignment person/group is automatically determined and the invoice is digitally assigned. Account assignment items can be automatically created according to cost type, account, cost center, or other parameters. Afterward, approvals are requested based on the account assignment information using a configurable set of ICS-compliant rules. Once the approvals have been completed, the invoice can be posted to the ERP system.

“The invoice receipt solution InvoiceR convinced us. The team at enio has brought their years of experience to a solution that is second to none in the SME sector” says Alain Veuve, CEO of Parashift.

“Thanks to Parashift, our customers can quickly and cost-effectively integrate incoming invoice reading with InvoiceR. This saves manual work and results in significantly more efficient business processes. And that right from the start” says Thomas Kohler, CEO of enio.

About enio:

enio AG, founded in 2016, is a Swiss software developer based out of Einsiedeln. The team of technology experts brings many years of experience in complex accounts payable processes from various industries. The developed solution InvoiceR embodies this experience as well as the accompanying learnings and helps Swiss SME businesses to optimize the accounts payable workflow.

About Parashift:

Parashift AG, founded in 2018, is a deep-tech company focusing on the autonomization of document extraction through machine learning. Parashift is based near Basel (Switzerland) and employs around 30 people in the field of machine learning engineering and development. Forbes named Parashift 2019 as one of 30 promising AI startups in Europe.

enio AG
Thomas Kohler
CEO
Langrütistrasse 33
CH – 8840 Einsiedeln

thomas.kohler@enio.ch

https://www.enio.ch/

Parashift AG
Mattia Rüfenacht
Business Development & Press Manager
Hauptstrasse 134
CH – 4450 Sissach

Phone: +41 61 508 77 77
mattia.ruefenacht@parashift.io

www.parashift.io