It’s time to say goodbye to the struggle of reviewing countless resumes. Utilize CV parsing software to streamline your hiring process, ensuring precision and saving time in finding the right candidates.
The tedious task of data entry and manually inputting candidate resumes is a nightmare for HR professionals. While handling a few resumes may be manageable, dealing with 20 or more will be time-consuming and frustrating.
However, you can eliminate this challenge by embracing the game-changing capabilities of CV parsing software.
With the right solution, you can optimize the candidate screening process and quickly find the perfect match for your team.
But with tons of resume parser options available, it’s not easy to pick the right one.
To help you with that, we will introduce and review the top 5 recruitment software CV parsing available in the market.
Let’s check them out!
Resume parsing software explained
A resume or CV parser software is an AI-powered or deep learning tool designed to intelligently convert information from resumes into a structured format.
It quickly identifies and stores essential data elements like work experience, education, skills, and qualifications.
There are 3 benefits of recruitment software CV parsing:
- Increased efficiency: It frees you from manually reviewing CVs, making the process more accurate and efficient.
- Organize applicants better: It helps you organize applicants better by categorizing them according to specific skill sets or accomplishments in the talent pool.
- Eliminate bias: While recruiters may put personal emotions into candidate considerations, AI tools consistently operate tasks logically, eliminating the risk of personal bias and ensuring fair assessments.
Key features of CV parsing software
Advanced text analysis
Nowadays, resumes often contain various keywords, jargon, acronyms, and industry-specific terms.
To effectively identify top candidates, the recruitment software should include advanced text analysis capabilities, such as language detection, concept extraction, etc., for processing and understanding complex textual data.
The resume parsing software needs to be very accurate in understanding the job description, figuring out the meaning of words in context, and correctly identifying and organizing data.
Compliance and Security
As data breaches are on the rise, it's crucial that the software you select follows all data protection regulations (such as GDPR in the EU, ERISA in America, or PIPEDA in Canada) and guarantees the highest level of security for candidate data.
Speed and scalability
Processing applications quickly allows faster connections with potential hires. A good resume parsing software should provide fast and accurate results.
As your organization expands and receives more applications, your recruitment software should handle larger data volumes without sacrificing performance.
Integration and Configuration
Resume parsing software must connect seamlessly with the tools and internal processes already in use by its users.
Companies using resume parsing software draw candidates from multiple sources.
Thus, the bulk import feature is vital to consolidating thousands of resumes into a single centralized location.
Support multiple formats
Resumes come in many formats, like PDF or docx. The resume parsing API should be compatible with all standard CV formats.
Make sure your resume parsing software gives you good value for your money. Getting high-quality results shouldn't always come with a high price tag.
Top 5 CV/Resume parsing software (Free & Paid)
It allows transforming resume content into a standardized format, making it simple for analysis and seamless integration with other HR systems.
It’s the best choice for job boards, staffing companies, and enterprises.
- Extract resume and job data into 140+ fields at 300ms parsing speed
- Convert text string to qualified search queries by tagging location, skill, job profile, experience level, tools, language, etc.
- Use deep learning AI to score candidates and recommend CVs
- Allow bulk import
- Support 40+ languages and 50+ countries
- One-time purchase plan at $150 for 3,000 documents
- Subscription plans start at $75 for 500 documents
It also offers the AI-powered CV and document parsing function to automate the extraction and organization of candidate information from resumes.
This tool is best for SMBs and IT/Technology companies.
- Ensure accurate detection and extraction of candidate information, including first name, last name, email, and phone number.
- Allow adding manually or uploading CVs in bulk
- Document format supported: doc, docx & pdf
- FREE for up to 50 employees
Sovren Resume Parser
Sovren is an open-source resume parser solution with some of the highest speed and accuracy in the market.
With only 3 lines of code, you can easily and quickly integrate it into your system.
It’s suitable for hiring agencies and enterprises.
- Extract resume with fast speed and high accuracy
- Identify all Personal Data/PII to turn the CV into a fully anonymized version to remove bias
- Provide candidate summaries after parsing CV so recruiters don't have to read the whole resume to understand the candidate
- Support 26+ languages and 43+ locales
- All transactions are encrypted end-to-end to ensure security
- Starts at $99/month for 500 documents
This tool utilizes AI technology to streamline the whole recruiting and hiring process.
It’s suited to recruitment agencies and big companies.
- Extract name, contact info, work experience, and skills
- Only parses the required information
- Automatically extract resumes from multiple email accounts
- FREE for 1 active job and basic features
- Paid plan starts at $25/user/month with more advanced features
HireEZ, formerly known as Hiretual, is also a full HR solution that offers many features for HR professionals.
It utilizes AI and ML (Machine Learning) technologies to parse CVs and develop a comprehensive applicant profile to provide data-driven insights and automate time-consuming tasks in the recruitment life cycle.
This tool is specially designed for enterprises.
- Extract CV to build a holistic candidate profile in your private talent pool
- Parses resumes to rank all applicants of each hiring project
- AI sourcing to find quality talents on hireEZ website and other popular job sites
- Show insights on candidate’s job availability scores
- 15-day free trial
- Only one paid plan at $169 per month
The CV parsing software offers powerful features to streamline recruitment processes. Using them allows you to filter and find the right candidate for your organization easily.
In this article, we introduced you to the top 5 tools, each with its pros and cons. If you want to test the resume parsing feature, you could try Grove HR right away because they offer this feature for free or leverage the 15-day free trial of hireEZ.
We hope this review and comparison help you find the most suitable CV parser/resume parser solution.