Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
Invoice processing has long been recognized as one of the most labor-intensive and error-prone activities within organizations. Each day, invoices totaling billions are handled, which complicates the task for accounts payable departments as they must manually verify, extract information, download, and ultimately prepare data for payment processing. The rise of digital transformation has significantly expedited the automation of this procedure, leading to enhancements in efficiency and effectiveness while simultaneously minimizing human errors and allowing companies to reduce costs. HCL’s EXACTO™ Invoice is a unique platform that utilizes patented artificial intelligence, deep learning, and natural language processing to streamline the extraction of data from invoices, receipts, and purchase orders. It integrates effortlessly with a variety of sources and is capable of processing documents in over 13 languages, offering advanced AI and machine learning features for document classification and digitization. This innovative technology not only saves time but also empowers businesses to focus on strategic initiatives rather than tedious administrative tasks.
Description
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.
API Access
Has API
No
API Access
Has API
Yes
Integrations
Axon Ivy
No
UiPath
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
No price information available.
Free Trial
Yes
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
Yes
In Person
No
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
Yes
In Person
Yes
Vendor Details
Company Name
HCL Software
Founded
1976
Country
Italy
Website
www.hcltechsw.com/exacto
Vendor Details
Company Name
Parashift
Founded
2017
Country
Switzerland
Website
parashift.io
Product Features
Product Features
Accounts Payable
Approval Process Control
Yes
Bank Reconciliation
No
Cash Management
No
Check Writing
No
Duplicate Payment Alert
Yes
Fraud Detection
Yes
General Ledger Entry
No
Vendor Management
No
Data Entry
Abbreviation Detection
No
Data Capture and Transfer
Yes
Data Cleansing
No
Data Entry Verification
Yes
Data Search Flexibility
No
Duplicate Detection
Yes
Flexible Search
No
Image Entry
Yes
Library Conversion
No
Mis-Keyed Variation Detection
No
Phonetic Variation Detection
No
Data Extraction
Disparate Data Collection
Yes
Document Extraction
Yes
Email Address Extraction
Yes
IP Address Extraction
Yes
Image Extraction
Yes
Phone Number Extraction
Yes
Pricing Extraction
Yes
Web Data Extraction
Yes
Electronic Data Capture
Audit Trail
Yes
CRF Tracking
No
Data Entry
Yes
Data Verification
Yes
Distributed Capture
Yes
Document Imaging
Yes
Document Indexing
Yes
Forms Management
No
Remote Capture
Yes
Study Management
No
OCR
Batch Processing
No
Convert to PDF
No
ID Scanning
No
Image Pre-processing
No
Indexing
No
Metadata Extraction
No
Multi-Language
No
Multiple Output Formats
No
Text Editor
No
Zone Selection Tool
No