tangro forms AI Technology Partnership with Parashift
tangro announces a new technology partnership with AI company Parashift. The collaboration aims to further advance the applications of artificial intelligence for automated document processes and explore new possibilities of AI in process automation.
For the past 25 years since its inception, tangro has been dedicated to optimizing business processes with a clear focus on SAP ERP and S/4HANA. tangro has already developed its own innovative AI algorithms to fully leverage the automation potential for detecting, interpreting, and validating business documents in SAP.
In addition, tangro has formed a new partnership with AI company Parashift to explore and implement further possibilities of artificial intelligence in document processing. The goal is to integrate Parashift's AI cloud platform into tangro document processing and achieve even higher automation rates through intelligent data extraction.
Parashift's Intelligent Document Process (IDP) platform extends automated document processing with the innovative Document Swarm Learning™ approach. Through the power of machine learning algorithms Parashift's system continuously learns from every document across different companies and industries. By leveraging Parashift's Swarm Learning approach tangro customers can further improve data extraction from their business documents, further accelerating document processing. The time and resources required to capture, check and post business documents are reduced to a minimum and the digital transformation in the company is further advanced.
"We are delighted about the technology partnership with Parashift. This collaboration is another building block for tangro to fully utilize the potential of AI in optimizing intelligent document processing and employing it in the best interest of our customers," says Patrick Etter, one of the two managing directors of tangro. "We are continuously investing in new innovative solutions and the further development of our products. Our focus lies in combining and integrating technologies that deliver genuine added value to our customers."
"We are proud that our technology is being used by tangro and thus in the SAP environment" says Stefan Wagner, Head Partner Management at Parashift. "With our expertise in document classification and data extraction, and tangro's experience and competence in automating document processes in SAP, we are convinced that this collaboration can generate a lot of value for customers."
About Parashift
Parashift AG, founded in 2018, is a deep-tech company focused on autonomizing document extraction through machine learning. Parashift is domiciled near Basel, in Switzerland, and employs about 40 people in machine learning, engineering, and development. Forbes named Parashift as one of 30 promising AI startups in Europe.
