In its latest report, Orbis Research recognizes the Intelligent Document Processing provider for its innovative technology platform that enables organizations to quickly and accurately extract data from documents, improve efficiency and reduce errors.
Parashift, an Intelligent Document Processing (IDP) vendor, announced March 15 that it has been featured in analyst firm Orbis Research’s market report Global Automated Invoice Processing Software Market Growth (Status and Outlook) 2022-2028. In it, Orbis Research provides an overview of the market’s current status and future growth prospects and highlights the growing need for businesses to streamline their operations and improve performance through automation.
Besides Parashift, Orbis Research also considered the following companies in the report (in alphabetical order): Conexiom, Coupa, Datamolino, Datatron, Decison Inc., Hyland, InData Labs, Ivalua, Kofax, Nanonets, NexBotix, Oracle, OrangeMantra, PayTabs, ScienceSoft, TerraLink, Yokoy.
Parashift has been recognized by several analyst firms over the past twelve months, including in the HFS Research IDP market scan, the Everest Group PEAK Matrix 2022 IDP report, and the Quadrant Knowledge Solutions SPARK Matrix IDP 2022.
Parashift, headquartered in Sissach, Switzerland, offers a cloud-native Intelligent Document Processing (IDP) platform that leverages advanced machine learning-based document classification and data extraction. With its proprietary Document Swarm Learning technology, the deep-tech company pursues an innovative approach.
The full press release can be found here.
Get industry news distilled, every week: