Sissach, 20.06.2023
Parashift is pleased to announce a technology partnership with tangro Software Components, a leading provider of innovative inbound document management solutions in SAP. This collaboration aims to advance the applications of artificial intelligence in automated document processes and explore new possibilities of AI in process automation.
With a strong dedication to optimizing business processes over the past 25 years, tangro has focused on SAP ERP and S/4HANA. Leveraging their own innovative AI algorithms, tangro has maximized the automation potential for detecting, interpreting, and validating business documents within SAP.
With this partnership, customers using Parashift get an easy way to automate the invoice processing process in connection with SAP. The primary objective of this collaboration is to seamlessly integrate Parashift’s AI cloud platform into tangro’s document processing capabilities, resulting in even higher automation rates through intelligent data extraction.
Parashift’s Intelligent Document Processing (IDP) platform extends automated document processing with its innovative Document Swarm Learning™ approach. Through the power of machine learning algorithms Parashift’s system continuously learns from every document across different companies and industries. By leveraging Parashift’s Swarm Learning approach, customers can further improve data extraction from their business documents, further accelerating document processing. The time and resources required to capture, check and post business documents are reduced to a minimum and the digital transformation in the company is further advanced.
“We are delighted about the technology partnership with Parashift. This collaboration is another building block for tangro to fully utilize the potential of AI in optimizing intelligent document processing and employing it in the best interest of our customers,” says Patrick Etter, one of the two managing directors of tangro. “We are continuously investing in new innovative solutions and the further development of our products. Our focus lies in combining and integrating technologies that deliver genuine added value to our customers.”
Patrick Etter, one of the two managing directors of tangro: “The collaboration with Parashift is another building block for tangro to fully utilize the potential of AI in optimizing intelligent document processing and employing it in the best interest of our customers.”
Stefan Wagner, Head Partner Management at Parashift: “We are proud that our technology is being used by tangro and thus in the SAP environment. With our expertise in document classification and data extraction, and tangro’s experience and competence in automating document processes in SAP, we are convinced that this collaboration can generate a lot of value for customers.“
About tangro
tangro (www.tangro.de) specializes in inbound document management in SAP ERP and S/4HANA. tangro solutions are deployed at over 400 customers in more than 28 countries. tangro supports companies in digitizing document-based processes through automated processing of incoming documents. Solutions from the tangro Inbound Suite handle all relevant document types in procurement, finance, and customer service, supporting various input channels such as postal mail, fax, email, EDI, as well as ZUGFeRD, XRechnung, and many more. End-to-end digitalization is achieved for purchase-to-pay and order-to-cash processes.
tangro software is SAP and S/4HANA embedded and certified, eliminating costly investments in upstream systems. Access to SAP master and transactional data is direct and in real-time. tangro users work within the familiar SAP environment, minimizing maintenance and training efforts. tangro solutions are characterized by the highest usability, flexibility for customization, and unbeatable fast implementation.
Press Contact tangro
Gesine Liskien
Speyerer str. 4
D-69115 Heidelberg
Tel.: +49 (0)6221 13 336-38
Fax: +49 (0)6221 13 336-21
info@tangro.de
Web: www.tangro.de
About Parashift
Parashift AG, founded in 2018, is a deep-tech company focused on autonomizing document extraction through machine learning. Parashift is domiciled near Basel, in Switzerland, and employs about 40 people in machine learning, engineering, and development. Forbes named Parashift as one of 30 promising AI startups in Europe.
Press Contact Parashift
Emma Lebat
Marketing Manager
Hauptstrasse 134
CH – 4450 Sissach
Phone: +41 61 508 77 77
emma.lebat@parashift.io
