Parashift and redIT partner to boost M365 ecosystem with IDP

Through this collaboration, the two companies aim to address the challenges of document processing by combining Parashift’s Intelligent Document Processing (IDP) expertise with redIT’s expertise in the Microsoft 365 ecosystem.

Parashift, an Intelligent Document Processing (IDP) vendor, announced February 27 that it has entered into a business partnership with IT solutions provider redIT. Through this partnership, redIT will now implement Parashift’s IDP solution, improving efficiency and technological capabilities for organizations.

Stefan Wagner, Head of Partner Management at Parashift, explained: “Our partnership with redIT represents a significant achievement in our mission to extend Intelligent Document Processing (IDP). redIT’s expertise in Microsoft 365 and its innovative approach make it an ideal partner for us. Together, we are responding to current market demands and looking to set new standards for what companies can achieve with the right technology support.”

André Schär, IT Solution Sales at redIT, commented: “Thanks to Parashift, we are able to elevate our self-developed solutions to a new level, meeting the growing need among our customers in the Intelligent Document Processing sector. We’re investing in our customers’ future, opening up new business areas and inspiring new customers with the limitless possibilities of IDP.”

Last November, Parashift was named an ‘Enterprise Innovator’ by analyst firm HFS Research in its HFS Horizons: Intelligent Document Processing Products, 2023 report.

Based in Sissach, Switzerland, Parashift is a cloud-native Intelligent Document Processing (IDP) platform focused on autonomizing document extraction through machine learning. With its proprietary Document Swarm Learning technology, the company pursues an innovative approach.

You can find the full press release here.

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