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Readout invoice data and automate workflows

Save on all keystrokes & OCR data verification. Parashift automatically captures data and takes care of validation, so you can focus on your most important work.

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Capture

Get back structured and fully validated data from all your Procure to Pay documents.

Automate

Provide workflows with actionable data to increase straight-through processing (STP).

Innovate

Build end-to-end automation faster and help your AP staff to get more stuff done.

Procure to pay

Automate AP invoice capturing & other Procure to Pay (P2P) processes

Increase efficiency of your accounts payable (AP) department in a meaningful way.

With Parashift, you can process the most common procurement documents:

  • Receipt/invoice
  • Pro-forma invoice
  • Offer/quote
  • Order/purchase order
  • Order confirmation
  • Delivery statement/note
  • Credit note
  • Dunning documents
  • Dunning fees
Discuss your requirements

Why using Parashift’s P2P solution?

Fast and easy implementation

Using AI-based Accounts Payable processing has never been easier. It just works – no setup or training required. Simply integrate our REST API to your preferred software or use a third-party plugin and immediately start processing invoices and delivery notes.

Zero post-processing

The solution for invoice data: no templates, no document setup and no post-validation of OCR results. AP data extraction that simply works. Parashift allows you to save valuable time for your AP staff instead of wasting it on mundane manual tasks of data entry and validation.

Low cost & Pay-as-You-Go

We do not charge a base fee. Instead, you simply pay for AP automated data capture and intelligent invoice processing on a document volume basis. This results in a positive ROI on day one. It’s never been easier to start automating and scaling your AP process.

Procure to pay solution
Process invoices automatically and with perfect accuracy. Parashift’s AI OCR with human validation revolutionizes your Accounts Payable. Never think about data veracity on your invoices again.
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Process invoices without verifying OCR extraction results

Process invoices automatically, with guaranteed accuracy.

Parashift’s AI OCR combined with human validation revolutionizes your accounts payable process. So you can say goodbye to manual document processing, for good.

  • Immediately cut out 100% of human interaction
  • Allocate saved resources on value-adding tasks
Learn more
Invoice data
Addresses chevron_right

Returning the complete address and tax ID of a sender and receiver lets you immediately match documents with the correct supplier or tenant.

  • Name
  • Street
  • Zip code
  • City
  • Country
  • VAT ID
General information chevron_right

General information gives you context and helps with automatic processing.

  • Document date
  • Document number
  • Delivery date
  • Order number
  • Reference
Amounts chevron_right

To process invoices and order confirmations automatically, or to deliver accounting record suggestions with header data only, we always extract a total amount. Depending on the tax rate, we can also extract at least one partial amount.

  • Net amount (total + partial amount for each tax rate)
  • Tax amount (total + partial amount for each tax rate)
  • Total amount (total + partial amount for each tax rate)

Moreover, we also deliver the following amount relevant fields:

  • Tax rate(s)
  • Currency
  • Total discount in %
  • Total discount as amount
Payment conditions and payment methods chevron_right

We return one or more payment conditions. For example, when there’s a combination of payment conditions like «10 days 2% discount or otherwise 30 net». If the invoice was already paid, we also provide the payment method, including credit card, cash, PayPal, or any other.

  • Payment conditions (one or several)
  • Payment method
Payment details chevron_right

To immediately and accurately initiate corresponding invoice payments, we provide recognized bank data.

  • IBAN
  • BIC
  • Account number (old)
Line items chevron_right

To conduct a detailed order reconciliation, or compare existing agreements from suppliers, many use cases rely on exact line item data. Where needed, we extract the following line item data:

  • Corresponding order
  • Corresponding delivery note
  • Delivery date
  • Article numbers
  • Description
  • Quantity
  • Unit
  • Unit amount
  • Item total amount
  • Tax rate
  • Discount in %

Readout invoice line item data, in perfect quality

Make your manual data entry work instantly obsolete. Automatically read P2P documents using AI-based OCR. Invoice scanning and data capture are easy and affordable even for very low volumes. Don’t just reduce manual invoice data entry, skip it altogether - also OCR validation!

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Superfast return on investment on your invoice automation project

Secure a fast return on investment (ROI)! We do not charge a base fee. Instead, you simply pay for intelligent invoice processing and AP automation on a document volume basis. Get started today!

Invoice

Sharepoint

M-Files

UiPath

Integrate Parashift with the software of your choice

Use pre-built interfaces into the most popular enterprise software or integrate Parashift into your specific software landscape and workflows.

Find yours

Trusted by companies worldwide

Ready to transform your P2P processes?

Integrate Parashift to skip manual invoice data entry and dramatically cut costs.

Parashift helps you automate Procure to Pay documents processing. From offer to dunning documents, we easily integrate with your existing software.

Ready-to-use document types make it easy to get started. Or, quickly create new document types with our user-friendly document type editor.

Stop wasting valuable time and resources on manual data entry. Let Parashift power your automated document processing with fast, reliable results.

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