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Why Challenger Banks Use OCR and Machine Learning

Challenger Banks are not called challenger banks for nothing. With their contemporary thinking and actions, they challenge not only established banks but…

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Automatic Reconciliation of Credit Card Statements With Receipts or Invoices

Happy employees = higher productivity = more successful company. A successful company is progressive, which can be seen in the way it handles its…

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Why Your Marketing Should Design Loyalty Programs

Loyalty programs are an integral part of offline marketing and have been for years. They create a bond between the brand and the customer. Buy a product,…

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    Transform Your KYC Process With AI-OCR

    Many of today's "Know your Customer" (KYC) process designs at banks and other firms are inefficient, cost-intensive due to manual processing and are…

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    Modern Document Extraction for Cost-Efficient Contract Processing

    Regardless of the size of the company, contracts and their specific conditions practically always form the basis of existing and future business…

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    Document Processing in the Insurance Industry

    Since it has been common practice in the insurance industry to receive a huge amount of documents every day, one might well think that in 2020, document…

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    Even With Legacy Software Can Be Digitized Without a Major Project

    In the course of digitalization, customer requirements have changed significantly. Everything must be available and retrievable immediately. Whenever…

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    Parashift Announces US Market Expansion

    Switzerland, 30.10.2020 – Parashift, provider of a first of its kind modern, machine learning-powered document extraction cloud platform, has just…

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    The Advantages of Fully Validated Position Data in Accounting

    Modern OCR solutions are becoming increasingly relevant and popular. Consequently, the estimated annual growth rate of this market is correspondingly…

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    The Costs of Manual and Software-Supported Invoice Extraction Part 2

    This article is the last in our mini-series on the costs of manual and software-based invoice extraction. But first a short recap. In the first article,…

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