Parashift enables the automated classification and data extraction of various business documents. No setup, no configuration, no post-processing, and no basic fee. Customers simply integrate the functionalities via REST API and can start processing from the get go. Parashift offers machine learning-based document classification and data extraction with unprecedented high accuracy, processed within seconds, at a very affordable price. The functionalities are incorporated into an API product which can easily be integrated into existing software landscapes and workflows without the need for any setup and only little configuration. Enabled by the cloud and the learning network of the underlying core technologies, new customers, ranging from software vendors to large enterprises, benefit from aggregated document intelligence from day one on and can either process a variety documents without any configuration or training projects or easily configure new document types with templates and pre-trained extraction fields, allowing for extremely cost-efficient automation of all document types of your enterprise.