AI Document Automation Insights • Page 38 of 44 • Parashift.AI

The costs of manual and software-supported invoice extraction Part 2

This blog post follows on from the last article, where we looked at the various cost positions that are usually incurred in manual invoice processing. We will now calculate these costs for the sample company Musterfirma AG. Note: Like the company,...

September 22, 2020

News

The costs of manual and software-supported invoice extraction Part 1

Many companies still process incoming invoices manually. According to rough estimates, this is a proud 90% of companies. This despite the fact that even with a relatively small number of invoices, the required effort quickly becomes expensive and, with increasing volume,...

September 17, 2020

News

Handwritten text recognition (HTR) in 2020

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...

September 15, 2020

News

Never miss cash discounts again thanks to faster throughput times

Does your company receive all sorts of cash discounts that you can take advantage of on a regular basis? If so, according to a survey by Levvel Research, you are one of the 33% of companies that do. Around 16% of...

September 10, 2020

Partners

Abraxas and Parashift enter into a strategic partnership

St.Gallen, September 9, 2020 – The two IT companies Abraxas and Parashift have agreed on a strategic partnership. Thanks to Parashift’s Machine Learning-based software, Abraxas will be able to offer its customers a powerful service for reading and digitizing all...

September 9, 2020

News

Automation as job killer in accounting: Fact or myth?

When people talk about automation, digitalization and robots, they quickly come to the idea that human labor is being replaced by modern technology. While this may certainly be the case for certain technologies and industries, automated document extraction does not...

September 8, 2020

Parashift

Parashift at the Google Cloud Zurich Meetup #5

On the 25th of August 2020, the Google Cloud Meetup #5 took place in the cafeteria of Nine in Zurich. Since the beginning of the year, the Nine team has been recording all their Meetups and publishing them on the official...

September 4, 2020

News

Cloud document management vs. cloud file sharing: Differences and advantages

Documents and forms are a core aspect of today’s business life. However, the omnipresence and tendency towards an increase in the number of documents also results in increasing complexity. One’s overview can quickly get lost. Especially when some documents are...

September 3, 2020

News

Digital transformation; How to make PDF searchable and GDPR compliant

“Going Paperless” is a frequently encountered buzzword in the era of digital transformation. An important aspect of this is archiving. In the course of progressive digitization, organizations are thus faced with the question of the extent to which documents can...

September 1, 2020

News

Document imaging vs. document scanning

As mentioned in a previous article, Machine Learning-driven document extraction can be used to optimize processes. In concrete terms, you have the opportunity to significantly reduce throughput times, costs and error-proneness. And what company doesn’t want that? In the course of...

August 25, 2020

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