We support the most important Procure to Pay (P2P) documents
Increase efficiency of your accounts payable (AP) department in a meaningful way.
With Parashift, you can process most common procurement documents:
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.
Returning the complete address and tax ID of a sender and receiver lets you immediately match documents with the correct supplier or tenant.
General information gives you context and helps with automatic processing.
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.
Moreover, we also deliver the following amount relevant fields:
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.
To immediately and accurately initiate corresponding invoice payments, we provide recognized bank data.
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:
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!
We focus on constantly improving our processes to deliver high quality results.
If unreadable documents are submitted or missing pages are detected, we provide a corresponding error message, including “document unreadable” or “document incomplete”.
We work closely with new customers to make sure the Parashift Platform quickly and efficiently adapts to new documents from their respective industry. We also take great care to ensure that all documents are processed correctly.
Trusted by companies worldwide
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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