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

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






configuration

No Setup.

No initial setup, no infrastructure, licensing or troublesome implementation.

pay-as-you-go

Pay-per-document.

We only charge variable costs for your processed document volume. No minimal consumption is 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 for you so that you don’t have to.











We support the most important Purchase to Pay documents.






invoice

Improve your accounts payable processes tremendously.

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

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

You can always decide whether you want to use all of them or just a selection. Parashift integrates into your existing Purchase to Pay Software.











integration scenario






Read invoices automatically. With Parashift’s AI-OCR you revolutionize your accounts payable processing, because you can process invoices without having to verify them again.

Learn more











The advantages at a glance.






Easily & fast implemented.

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 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. With Parashift, you don’t waste the time of valuable AP staff entering data or checking AI OCR results.

Low cost & pay-as-you-go.

We do not charge a basic fee. Instead, you simply pay for AP automated data capture. This means ROI from day one by using intelligent invoice processing. It’s never been easier to start with accounts payable invoice processing.











Process invoices without verifying OCR extraction results.






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






read invoice






addresses Addresses

Through returning the complete address including sales tax numbers of the sender and receiver of a document, you can immediately match the 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 of the document and helps for 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 amount of tax rates 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 method

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». Should it be the case that the invoice was already paid, we additionally provide the payment method such as for example credit card, cash, PayPal, and others.

  • Payment conditions (one or several)
  • Payment method
payment details Payment details

So that invoices respectively payments can be done correctly immediately, we also provide you the recognized bank data.

  • IBAN
  • BIC
  • Account number (old)
item data Item data

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 item data. Therefore, when relevant for your use case, we extract the following 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

Through returning the complete address including sales tax numbers of the sender and receiver of a document, you can immediately match the 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 of the document and helps for automatic processing.

  • Document date
  • Document number
  • Delivery date
  • Order number
  • Reference
amounts Amounts

In order to process documents automatically or to deliver accounting record suggestions with header data only, we always extract a total amount and depending on the amount of tax rates 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 method

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». Should it be the case that the invoice was already paid, we additionally provide the payment method such as for example credit card, cash, PayPal, and others.

  • Payment conditions (one or several)
  • Payment method
payment details Payment details

So that invoices respectively payments can be done correctly immediately, we also provide you the recognized bank data.

  • IBAN
  • BIC
  • Account number (old)
item data Item data

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 item data. Therefore, when relevant for your use case, we extract the following 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” respectively “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