The Optical Character Recognition (OCR) respectively Document Capture software market size is expected to be USD 12.6 billion by 2027 with a year on year growth of approx. 10%. The increasing demand for document extraction software solutions is mainly due to compliance initiatives, the digitalization of document management and intentions to optimize operational costs. But also because of the increasingly mobile workforce and the often associated need for document processing via mobile devices. Although OCR has been considered a solved problem by a wide range of people, there are yet many challenges to solve. Handwriting Recognition or Handwritten Text Recognition…
Robotic Process Automation is a powerful technology to automate tedious and repetitive tasks. To unleash its full potential, however, accurate, fast and cheap document extraction is indispensable. The partnership of Parashift with industry leader UiPath is therefore set to drive further adoption.
Sissach, Basel-Landschaft (Switzerland), 22.09.2020 — Parashift, a provider of modern, machine learning-powered document extraction software, has just announced an advanced technology partnership with UiPath, the leading enterprise Robotic Process Automation (RPA) software company, meant to improve end-to-end automation across industries worldwide. …
In the course of digitalization, customer requirements have changed significantly. Everything must be available and retrievable immediately. Whenever possible, things should be in realtime. Speed and adaptability to individual preferences are other essential trends. In order to keep pace with these developments and the needs of customers, companies must live through these changes and be at the cutting edge of technology.
This is easier for young companies whose offerings are based on modern technology and the latest software and hardware. For larger companies, on the other hand, especially those that have been in business for several decades and often work…
Switzerland, 30.10.2020 — Parashift, provider of a first of its kind modern, machine learning-powered document extraction cloud platform, has just announced its formal entry to the US market.
The worldwide market for Document Capture generates roughly $6 billion in revenue per year and is projected to grow around 10% annually over the next seven years. Together, Europe and the US accounted for more than 50% market share in 2019. The US market, specifically, known for its maturity in digital transformation and technological innovation, is set to outperform the projected global growth significantly.
Parashift, whose name implies a revolutionary “paradigm shift”…
Sissach, Basel-Landschaft, Switzerland, 03.11.2020 — alabus ag is a leading Swiss manufacturer of standard software for the insurance market. A large number of well-known customers trust in the expertise of alabus, especially when it comes to optimizing their document centered business processes.
The alabus team, which consists of IT and process management experts, combines many years of experience in the areas of process optimization and automation as well as information technologies with profound industry knowledge. Thus, alabus clients receive holistic consulting and close support and guidance in order to successfully navigate the digital transformation.
A comprehensive number of processes modeled…
This article was originally posted on https://parashift.io/.
The way in which we handle the purchase and sale of services and products has changed considerably in recent years. Especially the restrictions and extraordinary circumstances caused by COVID-19 have clearly shown in many places what a complex, scalable and resilient logistics infrastructure has been developed parallel to that of stationary trade to satisfy our needs as consumers.
The purchasing behaviour and the expectations we have of a retailer or supplier in this context have of course changed just as significantly. When we buy something, at least most of us want to have…
This article was originally posted on https://parashift.io/.
Countless documents such as orders, delivery notes and invoices are issued on a daily basis. These documents must then be captured in corporate IT systems in some way. Nowadays, technological developments have led to efficient methods of passing these documents on to downstream processes in a machine-readable and structured form. At Parashift, we mainly use machine learning for this purpose. Because this type of technology allows us to reduce the necessary human intervention to a minimum. This offers numerous advantages. Not only does it save time and money, but it can also avoid…
Every year, the TOP 100 Swiss Startup Award presents the 100 most innovative and promising Swiss start-ups selected by a 100-member jury of leading investors and experts. The TOP 100 Swiss Startup Award Public Voting runs parallel to the ranking of the expert jury and highlights an outstanding Swiss startup, which will also be celebrated on the stage of the Award Night on September 9, 2020. This year, we want to be part of it. And to do so, we now need your vote.
How to vote for Parashift in less than 1 minute
This article was originally published on https://parashift.io/.
The way in which companies work together and communicate is changing fundamentally. Beetroot accompanies companies on their way to digitalization: with individual solutions for internal communication and the digital working environment.
Beetroot focuses on strategy development and consulting in the area of IT renewal. The specialists develop digitization strategies, create IT assessments and evaluate new applications for their customers. Beetroot supports the implementation of these strategies through coaching and IT project management and assists companies in change management initiatives.
The second area is organization and cooperation in companies. Here, the “Digital Workplace” is…
This article was originally published on https://parashift.io/.
The companies Forschhäuser IT and Sartissohn have jointly developed an OCR software module for the docuvita document management system (DMS). The module is based on the machine learning technologies from Parashift, which offer end customers a solution for automated classification and data extraction of incoming invoices without any costly setup, configuration and training projects. This not only opens up opportunities for productivity gains and cost savings, but also for the development of new use cases and process designs.
docuvita is a modern and powerful DMS that allows customers to easily merge data from…
Mattia Rüfenacht
Interested in the hard problem and kind of fascinated by humans, plants & technologies. Sometimes having difficulties with formalizing thoughts properly.
