Parashift Document Center Pricing, Features, Reviews & Comparison of Alternatives

Parashift Document Center

Document classification, extraction, and validation solution

4.8/5 (5 reviews)

Parashift Document Center overview

What is Parashift Document Center?

Parashift enables automated classification and data extraction of various business documents. No setup, no configuration, no follow-up validation, and no basic fee. Customers simply integrate the functionalities via REST API and can start processing from the get go.

The first product, the Purchase to Pay Suite, comes with the most important document types and extraction fields that allow for the following exemplary use cases:

- Automated data entry of delivery notes, orders, invoices, or credit notes (and more).
- Automated billing reconciliation against order data or contracts either on total amount or also detailed on the line items.
- Automated processing of of invoices enabled by order reconciliation and all data for entire accounting data respectively suggestions.

Empowered by our machine learning technologies, companies benefit from significant time and cost reductions in document management processes. Moreover, Parashift unlocks completely new business opportunities that were yet untapped, allowing for greater value generation for customers.
parashift.io

Pricing

Starting from
$0.35
Pricing options
Free trial
Value for money
View Pricing Plans

Devices

Business size

S
M
L

Markets

United States, Canada, Germany

Supported languages

English, French, German
Parashift Document Center screenshot: Parashift Document Center API keysParashift Document CenterParashift Document Center screenshot: Parashift Document Center address listParashift Document Center screenshot: Parashift Document Center receipt viewParashift Document Center screenshot: Parashift Document Center documents database

Parashift Document Center reviews

Excellent
4

Very good
1

Average
0
Poor
0
Terrible
0
Value for money
Features
Ease of use
Customer support
  4.8
  4.6
  4.8
  5.0
Max Wirz, PhD

Document extraction on property management platform

Used daily for 6-12 months
Reviewed 2020-04-30
Review Source: Capterra

Pros
Fairwalter is a property management software. We use Parashift to extract and understand data from scanned documents so that processes (such as paying customers or reacting to tenant queries) can be automated. This is a hugely popular feature and the integration with the Parashift API was accomplished within a few days.

Cons
Data extraction works great for accounting related documents. Further property management-related use cases would bring great additional value for our company.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 9/10

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Mattia Rüfenacht

Finally a flexible and intelligent document processing software that gets my documents done!

Used weekly for 6-12 months
Reviewed 2020-03-31
Review Source: Capterra

Pros
Parashift provides users with a comprehensive test environment that allows for fast and extensive testings of the functionalities. This way, we as a company were able to act quickly and speed up the evaluation process to eventually get to a final decision. Today, thanks to a different approach in terms of the underlying technology and complementary validation processes at Parashift, we can scan everything from offers to accounts payable vouchers, receipts, and other documents and get back correct data for an affordable price. Really rad! And all this without any ramp up phase or expensive setup costs. We simply integrated the well documented API into our existing software and workflows ourselves and we were good to go. With the fully validated meta data, we are now capable of gradually increasing the automation rate of our shadow processing across accounts which resulted in significant time and cost reductions after a few months of software usage already.

Cons
I actually can’t identify any disadvantages so far.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Fabian Wilhelm

Review from service integration experience

Used occasionally for less than 6 months
Reviewed 2020-07-24
Review Source: Capterra

Pros
Parashift offers us a cutting edge service solution portfolio for document data extraction which is steadily evolving. With a combination of KI and shared service human review and correction of extracted data they seem to be able to deliver more accurate data as we have seen with other similar services. Lightweight JSON based API allows fast integration into our RPA solutions.

Cons
Could need some improvement with their interface and data structure documentation.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 8/10

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Martin Jentzsch

Parashift for invoice recognition

Used daily for less than 6 months
Reviewed 2020-07-06
Review Source: Capterra

We use Parashift for the extraction of invoices for a better workflow management and faster processing all over the company. With parashift we save working time on distributing the invoice to the reponsible employee and also on transmitting invoice details in our backoffice system. With the given details of the invoices also our accounting will save time on allocation, because we can automate it.

Pros
It is an easy to implement API, so we get started really fast. The first results we had after some hours and in a week we were ready with the API communication. (Most time we needed to change our internal workflows and for automation processes) All results are validated and within our tests they all were fine. Support ist fast but not really needed.

Cons
All is ok for us, but you need to accept, that Parashift use external cloud services and external agents for validation. Because of validation it is also not a live-API, so you can not use it for instant billing.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 9/10

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Anonymous

Best software for document processing

Used daily for 6-12 months
Reviewed 2020-05-11
Review Source: Capterra

Pros
- No need to take any actions regarding the correction of extraction results - First-Class support

Cons
We have nothing to complain about. We are looking forward to have even more document types.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Parashift Document Center pricing

Starting from
$0.35
Pricing options
Free trial
View Pricing Plans

We provide customers with an on demand and a package model. Pricing for fully validated header data starts at $0.35 for a single document. The higher the volume, the more attractive the pricing.

Parashift Document Center features

API
Activity Dashboard
Collaboration Tools
Third Party Integration

Access Control (161 other apps)
Activity Tracking (114 other apps)
Alerts / Escalation (115 other apps)
Auditing (115 other apps)
Automatic Notifications (163 other apps)
Compliance Management (120 other apps)
Data Import/Export (151 other apps)
Data Visualization (112 other apps)
Drag & Drop Interface (117 other apps)
Monitoring (263 other apps)
Real Time Data (107 other apps)
Real Time Monitoring (139 other apps)
Reporting & Statistics (174 other apps)
Role-Based Permissions (101 other apps)
Search Functionality (101 other apps)
Workflow Management (136 other apps)

Security and privacy

Encryption

Encryption of sensitive data at rest
HTTPS for all pages

Access control

Multi-factor authentication options
This will ask you to sign in with LinkedIn

Videos and tutorials

Additional information for Parashift Document Center

Key features of Parashift Document Center

  • Access Controls/Permissions
  • Aging Tracking
  • Collaboration
  • Compliance Tracking
  • Data Duplication
  • Data Entry
  • Disparate Data Collection
  • Distributed Capture
  • Document Archiving
  • Document Assembly
  • Document Capture
  • Document Extraction
  • Document Retention
  • Drag & Drop
  • Electronic Signature
  • File Sharing
  • File Storage
  • File Type Conversion
  • IP Address Extraction
  • Image Capture
  • Image Extraction
  • OCR
  • Optical Character Recognition
  • Pricing Extraction
  • Process/Workflow Automation
  • Reporting/Analytics
View All Features

Benefits

- Open and expandable Cloud-first solution that can easily be integrated into existing software landscapes and workflows
- "Out-of-the-Box" solution that enables template free document processing with various pre-configurated document types and pre-trained field types
- Customers receive fully validated data and therefore, save on internal follow-up validation work processes
- The setup and processes are all strictly GDPR compliant