AI-OCR: Read Invoices and Other Procure to Pay Documents
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Don’t reduce invoice manual data entry. Skip it entirely.

Use Parashift to instantly eliminate 100% of your invoice data entry work now.






configuration

No Setup.

No initial setup, infrastructure, licensing or difficult implementation.

pay-as-you-go

Pay-per-document.

We only charge variable costs for your processed document volume. No minimal consumption or monthly fees required.

scalability

Scale fast.

Start small. Thanks to an enormously scalable cloud infrastructure, you can scale up or down instantly.

fully validated data

Excellent data quality.

Parashift goes beyond OCR and Data Capture. We validate extracted data so you don’t have to.











We support the most important Procure to Pay (P2P) documents.






invoice

Improve your accounts payable (AP) processes tremendously.

We greatly increase the efficiency of the accounts payable department by processing the most common purchase/procurement to pay documents:

  • Invoice / Receipt
  • Pro-Forma invoice
  • Offer
  • Order / Purchase Order
  • Oder confirmation
  • Delivery statement / confirmation
  • Credit note
  • Dunning (with overdue fines)

You can always decide whether you want to use all of them or just a selection. Parashift easily integrates into your existing Purchase / Procurement to Pay (P2P) Software, including ERP and Accounting systems, via our flexible and full-featured API.











integration scenario






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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The advantages at a glance.






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 follow-up work.

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 of 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. This results in positive ROI on day one. It’s never been easier to start and scale your AP process.











Process invoices without verifying OCR extraction results.






Instantly reduce 100% of your manual data entry work. Automatically read delivery notes, order confirmations, invoices, receipts and other document types using machine learning-based OCR. Invoice scanning and data capture is easy and affordable even for very low volumes. Don’t reduce invoice manual data entry. Skip it entirely, today.






read invoice






addresses Addresses

By returning the complete address and tax id numbers of the sender and receiver, you can immediately match documents with the correct supplier or tenant.

  • Name
  • Street
  • Zip code
  • City
  • Postal code
  • Country
  • VAT ID

general information General information

General information gives you more context for the document and helps with automatic processing.

  • Document date
  • Document number
  • Delivery date
  • Order number
  • Reference

amounts Amounts

In order to process invoices and order confirmations automatically or to deliver accounting record suggestions with header data only, we always extract a total amount, and, depending on the tax amounts, 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 Payment conditions and payment methods

We return one or more payment conditions when, for example, there’s a combination of payment conditions like «10 days 2% discount or otherwise 30 net». In case the invoice was already paid, we additionally provide the payment method, such as credit card, cash, PayPal, and others.

  • Payment conditions (one or several)
  • Payment method

payment details Payment details

So that invoice corresponding payments can be initiated immediately and accurately, we also provide the recognized bank data.

  • IBAN
  • BIC
  • Account number (old)

item data Line items

In order to conduct a detailed order reconciliation or make a comparison of the existing basic agreements from suppliers, many use cases rely on exact line item data. Therefore, when relevant for your use case, we extract the following line item data:

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

addresses Addresses

By returning the complete address and tax id numbers of the sender and receiver, you can immediately match documents with the correct supplier or tenant.

  • Name
  • Street
  • Zip code
  • City
  • Postal code
  • Country
  • VAT ID

general information General information

General information gives you more context for the document and helps with automatic processing.

  • Document date
  • Document number
  • Delivery date
  • Order number
  • Reference

amounts Amounts

In order to process invoices and order confirmations automatically or to deliver accounting record suggestions with header data only, we always extract a total amount, and, depending on the tax amounts, 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 Payment conditions and payment methods

We return one or more payment conditions when, for example, there’s a combination of payment conditions like «10 days 2% discount or otherwise 30 net». In case the invoice was already paid, we additionally provide the payment method, such as credit card, cash, PayPal, and others.

  • Payment conditions (one or several)
  • Payment method

payment details Payment details

So that invoice corresponding payments can be initiated immediately and accurately, we also provide the recognized bank data.

  • IBAN
  • BIC
  • Account number (old)

item data Line items

In order to conduct a detailed order reconciliation or make a comparison of the existing basic agreements from suppliers, many use cases rely on exact line item data. Therefore, when relevant for your use case, we extract the following line item data:

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

read invoice










Quality assurance, error correction, and the first steps.

  • We highly value quality. That’s why we also focus on constantly improving our processes in order to deliver the best possible results in high quality.
  • If badly readable documents are submitted or missing pages are detected, we provide corresponding error messages such as “document unreadable” or “document incomplete”.
  • New customers are supported by Parashift to ensure that the platform quickly and efficiently adapts to new documents from the respective industry with all specialties, and that documents are always processed correctly.






Instantly reduce 100% of your manual invoice data entry work now.

Questions? Our team is happy to help you.

Talk to an Expert
Get a quote
Contact Us
Talk to an Expert
Get a quote

E. sales@parashift.io
T. +41 61 508 77 77

Contact Us

E. sales@parashift.io
T. +41 61 508 77 77