Introduction
When we think about document automation, many immediately picture invoice processing. However, the scope of document processing is far broader, especially with a solution like Parashift Platform. Unlike other IDP (Intelligent Document Processing) solutions, Parashift stands out by handling not just invoices but all types of business documents across various sectors. In this article, we’ll explore how Parashift exceeds traditional expectations, addresses key document processing challenges, and delivers unparalleled value.
Challenges in modern Document Processing
Manual document processing presents significant challenges for many organizations. It often involves high time and resource consumption, with teams engaged in repetitive and tedious tasks. Beyond the time and cost, this approach is prone to a high error rate. Manual handling inevitably leads to errors, from typos to omissions, which can impact management and accounting.
Additionally, many businesses still rely on outdated OCR (Optical Character Recognition) solutions that lack efficiency and fail to adapt to new document formats or variations in scan quality. Coupled with a general unawareness of modern document processing needs, many organizations remain unaware of the advanced solutions available to enhance their processing efficiency.
Parashift redefining Intelligent Document Processing
A few years ago, Alain Veuve, while leading another company, faced a recurring problem: there was no ideal solution for intelligent document processing. Existing solutions were neither intelligent, nor user-friendly, nor versatile enough. Realizing the urgent need for innovation, Alain, along with his dedicated team, set out to create a solution that would meet these needs perfectly. Thus, Parashift was born, with the mission to simplify document processing for businesses.
Parashift is designed to automate document processing, thereby reducing reliance on manual handling. By automating these tasks, Parashift enables the rapid and efficient processing of large volumes of documents, resulting in significant time and cost savings. Leveraging artificial intelligence and machine learning through Document Swarm Learning®, the platform continuously adapts, minimizing errors and ensuring accurate, reliable data.
A Comprehensive and Intelligent Solution
Parashift goes beyond invoice processing. The platform is capable of managing a wide range of document types, meeting the varied needs of businesses across different sectors. Whether it’s contracts, purchase orders, HR documents, or any other type of commercial document, Parashift offers a complete solution. The platform handles various stages: document batch separation, classification, data extraction, and validation. Its ability to learn and adapt quickly, combined with easy integration and a modern cloud-based solution, fundamentally transforms document processing for businesses.
Discover more about the Platform.
Unmatched Value
With Parashift, companies gain not only intelligent automation but also a significant reduction in errors. The platform is user-friendly, thanks to its no-code solution, and integrates seamlessly with existing systems. Parashift also ensures regulatory compliance and data security, safeguarding your business’s sensitive information. Even organizations handling sensitive data, such as banks and insurance companies, rely on and endorse Parashift for its robust information security and reliability.
The flexibility and rapid implementation of Parashift modernize outdated systems and offer unparalleled capability, handling over 100 document types and surpassing most IDP solutions available in the market.
Conclusion
For decision-makers seeking a modern and effective solution for processing all their documents, Parashift stands out as a clear choice. By providing intelligent automation, cost and time savings, and seamless integration, Parashift transforms document processing. With Parashift, organizations reduce the time spent manually processing documents across all use cases, continuously learning from all processed data to enhance efficiency and accuracy.
Follow us on LinkedIn to get the latest IDP News.
