Arcplace and Parashift bring Swarm Learning to Input Management
Parashift, a provider of advanced machine learning-based software for extracting data from documents, is partnering with Arcplace, a leading Swiss IT service provider for document management and archiving. This new partnership will allow companies of different sizes and various industries to obtain access to unique document extraction technologies. When combined with Arcplace's local validation services in Switzerland, these technologies enable end-to-end automation of Input Management.
The combination of Arcplace's Input Management services and expertise with Parashift's Intelligent Document Processing platform increases the speed and quality with which new digitization projects can be implemented. "The flexible and automatic classification of small- and high-volume document types as well as extraction of workflow-relevant data combined with the possibility to have important data points manually validated by Arcplace in Switzerland is unique," explains Mattia Rüfenacht, Head Business Development at Parashift. "The potential applications range from invoice and incoming mail processing to the digitization of archives."
Parashift complements Arcplace's solutions and services with its proprietary Document Swarm Learning technology that learns across document types, customers and industries enabling versatile out-of-the-box features. Companies benefit from access to flexible and high-performance extraction capabilities that allow them to cost-effectively integrate document data into IT systems and business processes. This results in significant cost savings and fundamentally new opportunities for operating digitized business models.
"The combination of Arcplace's expertise and solutions with Parashift's technology is a game-changer for the manner in which businesses work with documents. As the number of documents circulating increases with digitization, a high degree of processing automation is essential. This partnership will allow us to accelerate the adaptation of solution approaches and lay the foundation for the continued digital transformation of companies," says Alain Veuve, CEO of Parashift.
"The need to process documents quickly, easily and cost-effectively has become an integral part of every organisation's digitization strategy. To meet this need, Parashift is developing technologies that are unparalleled in the industry and have the potential to forever change Input Management," adds Roger Egli, Solution Owner Input Management at Arcplace.
Swiss company Arcplace AG is a specialized IT service provider that supports organizations in the digitization and automation of document related processes as well as in electronic archiving.
Since its founding in 2006, Arcplace has implemented solutions for more than 900 customers across a wide range of sectors. Arcplace is a privately owned and independent company with a professional team of over 90 employees.
Arcplace offers its services via datacenters located in Switzerland and is certified to the ISO 27001 standard for information security.
Parashift AG, founded in 2018, is a deep-tech company focused on the autonomization of document extraction through machine learning. Parashift is based near Basel (Switzerland) and employs some 40 people in machine learning engineering, development and sales. Forbes named Parashift as one of 30 promising AI start-ups in Europe.