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:
Don't reduce manual invoice data entry, skip it entirely
Parashift helps you eliminate 100% of your invoice data entry work.
Parashift helps our solution InvoiceR to read the invoice data in perfection and to feed it into the incoming invoice process. This allows us to achieve a very high degree of automation and data accuracy as a basis for further processing.
CEO at enio
The idea of Parashift is groundbreaking! OCR without tedious configurations will revolutionize our business. We can finally integrate paper-based documents without apprehension.
CEO at Wertschöpfer IT
Thanks to Parashift, we were able to automate 100% of invoice reconciliation for our customers in purchasing down to the line item level within a short implementation time with inorder.de. We can thus offer our customers a process without media discontinuity from ordering to invoice processing. In other words, Parashift gives us a clear customer advantage.
CEO at eldurado
Parashift’s OCR solution is a perfect fit for our serverless approach. In combination with Parashift's great team, we are able to iterate quickly and realize all kinds of awesome projects.
CEO at enlogen
With help of the innovative recognition technology from Parashift, we complement our products and services in order to map customer-specific requirements for the automation of business processes in the sense of Business Process-as-a-Service. Where traditional recognition components reach their limits, Parashift's AI recognition enables us to automate complex end-to-end business processes in our Business Processing Cloud or through the use of software robots.
Manager Sales at bc-competence
With Parashift, we were able to build a new and modern module for docuvita, the DMS solution we sell, which makes it much easier for the end-user to store documents and partially automates invoice processing with an interface to the ERP SelectLine. The end-user always works in his familiar docuvita and SelectLine environment and simply gets the extracted data automatically from Parashift's intelligent document processing in the background. The interface to Parashift also enables us to tackle completely new processes and exploit optimization potential at our customers.
Managing Director at Froschhäuser IT
Parashift convinced us because of the high quality of the extracted data, the flexible options for data extraction from a wide variety of documents, and the always accessible and helpful team behind the solution.
Managing Partner at IKAVA
The Parashift Platform allows us and our customers to rethink document-centric business processes and unlock more potential from existing infrastructure.
CEO at simplyfile
The Parashift partnership allows us to provide significant cost savings to our customers in the Healthcare space by minimizing the time it takes to process the hundreds of daily applications and change forms they receive about Providers and Practitioners in their healthcare networks. There are mandated turnarounds times dictated by government agencies to make the data available to their membership, and Parashift enables them to do this more quickly and with fewer errors.
Managing Director Healthcare Practice at Symfact
The Parashift Platform, through its integration with alabus solutions, provides us with a simple and consistent solution to automatically capture business documents and avoid media breaks. We are convinced that we will be able to achieve a great added value for our customers.
Co-CEO alabus
With the help of Parashift, we astound our customers. We now can automate day-to-day bookkeeping on a daily basis and without an on-site presence, reduce costs and create new capacity. Our fiduciaries are thus able to expand their range of services for SMEs, improve margins, and take advantage of scaling opportunities.
Co-CEO at Accounto
Parashift combines various new technologies with concepts previously unused in document extraction and thus, offers companies completely new possibilities.
Head of Business Consulting at inacta
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.
Learn more
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.
General information chevron_right
General information gives you context and helps with automatic processing.
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.
Moreover, we also deliver the following amount relevant fields:
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 details chevron_right
To immediately and accurately initiate corresponding invoice payments, we provide recognized bank data.
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:
Readout line item data of the highest quality (>98%)
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!
Quality assurance, error correction and the first steps
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
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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