Compare Amazon Textract vs. Parashift

Amazon Textract is a sophisticated, fully managed machine learning service that goes beyond basic optical character recognition (OCR) to automatically extract text and data from scanned documents, including forms and tables. In today's fast-paced business environment, many organizations rely on either time-consuming manual data entry, which is both costly and error-prone, or on basic OCR software that requires frequent manual adjustments whenever forms are updated. To eliminate these cumbersome processes, Textract leverages advanced machine learning techniques to swiftly read and analyze various document types, delivering precise extraction of text, forms, tables, and additional data without necessitating any manual input or custom programming. By using Textract, businesses can streamline and automate their document processing tasks, allowing them to handle millions of pages in just a matter of hours, significantly enhancing operational efficiency. This shift not only saves time but also reduces the likelihood of human error, paving the way for more accurate and reliable data handling.

Eliminate the tedious task of manual invoice data entry altogether by using Parashift, which allows you to remove 100% of your data entry workload immediately. There’s no need for initial setup, infrastructure, or complicated licensing; we only bill you based on the volume of documents processed, with no minimum consumption required, making it easy to start small. Our highly scalable cloud infrastructure lets you adjust your usage flexibly, whether you need to scale up or down. Parashift surpasses traditional OCR and data capture solutions by also validating the extracted data, so you can have peace of mind knowing that accuracy is ensured. This innovation significantly enhances the efficiency of your accounts payable processes, allowing for a streamlined workflow. We handle the most frequently used purchase-to-pay documents, including offers, orders, order confirmations, delivery statements, pro-forma invoices, receipts, credit notes, and dunning notices, complete with overdue fines. Furthermore, Parashift seamlessly integrates with your existing Purchase to Pay software, making the transition smooth and hassle-free. By adopting this solution, you can expect a remarkable improvement in your operational efficiency and overall productivity.