Parashift

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.

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

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.

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

Parashift offers accurate character recognition, extraction of document meta data and document categorisation at a cost which finally makes it attraktive for SMEs to use pure digital workflows.

With Parashift we experience a 100% acceptance of our users with newly digitalised work flows. The reason: The data is reliable and manual work of extracting meta data completely eliminated. Thus providing real improvement to the document handling experience for our users.

Great API documentation which allowed us to connect SharePoint without any support.

Areas of improvement are:

- Automated OCR switches to manual OCR when there is text in an embedded picture file in an otherwise text-based PDF. This creates room for transcription errors.
- On-site feedback system raising flags for Parashift developers and linking to a particular document would be great

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.

I actually can’t identify any disadvantages so far.