IDP vendor Parashift partners with Swisscom Conextrade

With this partnership, Swisscom Conextrade is now using Parashift’s Intelligent Document Processing (IDP) platform to process scanned invoices in a more efficient and accurate manner.

Parashift, an Intelligent Document Processing (IDP) vendor, announced May 16 that it has partnered with Swisscom Conextrade, a leading B2B platform in Switzerland for digitized procurement and invoice processing. Through this partnership, Parashift and Swisscom Conextrade look forward to helping more companies in Switzerland make their invoice processing more efficient and accurate.

According to Parashift, and while Swisscom Conextrade is using Parashift in an integrated way, it is also possible to connect existing Parashift installations with Conextrade. The two companies also work together at the sales level.

Eros Merlini, Head of Conextrade, commented: “We are convinced that we have found the right partner in Parashift and are pleased to be able to offer companies an end-to-end digital invoice receipt process.”

Alain Veuve, founder and CEO at Parashift, said: “We are proud to have our technology deployed at Swisscom Conextrade. With our expertise in data extraction and Swisscom Conextrade’s experience in invoice exchange and eBill, we are convinced that this collaboration can generate a lot of value for customers in Switzerland.”

Last week, the IDP vendor announced the availability of its Intelligent Document Processing platform on the Google Cloud Marketplace.

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.

You can find the full press release here.

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