Parchment
Transform documents into actionable data in seconds.
Quick facts
- Best for
- Document data extraction
- Pricing
- Freemium
- Editor rating
- 4.5 / 5
- Community saves
- 0
About Parchment
Parchment is an AI and machine learning-based tool designed for intelligent document processing. It facilitates effortless data extraction from unstructured documents such as PDFs, scanned images, invoices, receipts, forms, contracts, reports, and more. The platform has an easy, self-serve interface that automatically extracts important data from documents, eliminating the need for manual data entry and thus increasing data accuracy. It can integrate the data, available in structured formats like Excel, CSV, or JSON, with other systems or automate your workflows. Parchment also offers support for a range of file formats and includes bulk-processing capability. The tool can be seamlessly integrated with other systems such as CRM and ERP solutions and comes with a customizable extraction feature for defining specific fields to extract or letting the AI do the work automatically. The tool uses end-to-end encryption to ensure security of the data processed. DocExtractor also includes OCR technology to convert scanned documents and images into editable text, and facilitates seamless integration with robotic process automation (RPA) tools to further enhance productivity.
Pros
- Effortless data extraction
- Supports range of file formats
- Self-serve Interface
- Automated workflows
- Bulk-processing capability
- Easy system integration
- Customizable extraction feature
- End-to-End encryption for security
- OCR technology
- Robotic Process Automation integration
- Eliminates manual data entry
- Increases data accuracy
Cons
- No multilingual support
- Limited OCR technology
- Doesn't categorize extracted data
- Lack of specific task optimization
- No offline capabilities
- Limited file format support
- Slow bulk processing
- Limited custom field options
- Single extraction technology
- No role-based access control