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Document data extraction

Parchment ✓

Transform documents into actionable data in seconds.

Source rating 1.0 (1) 1.2k views 16 saves Free Trial
DataExtraction DocumentProcessing ArtificialIntelligence
More categories (4)
DocumentConversion MachineLearning OCR Document data extraction
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Trial; then from $26

Verdict

A quick read before you dig into the full page.

Best if
Transform documents into actionable data in seconds
Skip if
Limited custom field options
Pick this when
Effortless data extraction

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Overview

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.

Parchment website

Access & connections

Where you can use Parchment, and what it plugs into.

Platforms

Web

Integrations

Excel

Capabilities

What this tool accepts, produces, and is strongest at.

Input

  • API
  • Image
  • Text

Output

  • Tabular
  • API
  • Text

Supported features

  • Crawling & Scrapping

Pros & cons

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
Show 23 more
  • OCR technology
  • Robotic Process Automation integration
  • Eliminates manual data entry
  • Increases data accuracy
  • Supports PDF, scanned images, invoices
  • Structured output formats (Excel, CSV, JSON)
  • Can process different document types
  • PDF, PNG, JPG, Excel, TIFF, TXT, Emails support
  • Review and enrich data using custom fields
  • Downloadable extracted data in structured formats
  • User-friendly interface
  • Fast & efficient bulk processing
  • Supports multiple formats
  • Precise extraction of structured and unstructured data
  • Supports integration with CRM, ERP systems
  • Advance OCR for scanned documents, images
  • High accuracy in data extraction
  • Private and secure data processing
  • Customizable data fields for extraction
  • Robust API integration
  • Delete files after processing
  • Live chat customer support
  • Help center for troubleshooting

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
Show 2 more
  • Single extraction technology
  • No role-based access control

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Releases 1

Initial release February 26, 2024 Current
Initial release of Parchment.

FAQ 12

What kind of documents can Parchment process?
Parchment can process a wide range of documents such as PDFs, scanned images, invoices, receipts, forms, contracts, and reports among others.
Does Parchment offer bulk processing capabilities?
Yes, Parchment offers bulk processing capabilities that allow processing thousands of documents at once efficiently.
How does Parchment ensure the security of the data processed?
Parchment ensures the security of the processed data by implementing end-to-end encryption. This means the data is encrypted from the moment it is uploaded until it is downloaded, making it secure from any potential threats.
Can we tell Parchment to extract specific fields from our documents?
Yes, with Parchment, users can define specific fields to extract from the documents. This flexible customization offers users the ability to either specify the fields they want to extract or let Parchment's AI do the work automatically.
Can Parchment integrate with other systems, like CRMs?
Yes, Parchment can be seamlessly integrated with other systems such as CRM and ERP solutions. This ensures that the data extracted can be directly used in other business applications enhancing productivity and workflow.
Does Parchment use OCR technology?
Yes, Parchment incorporates OCR (Optical Character Recognition) technology. This technology converts scanned documents and images into editable and searchable text, further enhancing data extraction capabilities.
Can Parchment be integrated with Robotic Process Automation (RPA) tools?
Yes, Parchment facilitates seamless integration with robotic process automation (RPA) tools. This integration can further enhance productivity by automating repetitive tasks.
How does Parchment handle unstructured data like scanned images or PDFs?
Parchment handles unstructured data like scanned images or PDFs using its AI and machine learning-base. It can automatically extract important data from these unstructured documents, eliminating the need for manual data entry.
Will Parchment improve data accuracy by eliminating manual data entry?
Yes, Parchment improves data accuracy by eliminating manual data entry. The AI-based tool automatically extracts important data from documents thus minimizing the risk for human error and ensuring higher data accuracy.
Can the data extracted by Parchment be made available in structured formats like Excel, CSV, or JSON?
Yes, the data extracted by Parchment can be made available in structured formats like Excel, CSV, or JSON. This allows easy integration of data with other systems or the automation of workflows.
Is the interface of Parchment user-friendly and easy to use?
Yes, Parchment's platform is designed with an easy, self-serve interface. The interface is user-friendly and designed for users of all technical levels.
Can Parchment automatically extract important data from documents?
Yes, Parchment has the capability to automatically extract important data from documents. This helps to save time and increase efficiency by reducing the need for manual data entry.
Parchment Trial; then from $26
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