Parchment operates as a leading academic credential management platform, specializing in the exchange of transcripts and diplomas. Serving educational institutions, students, and employers, Parchment facilitates the secure and efficient transfer of academic records. The company operates in the education technology market, focusing on credentialing solutions that streamline administrative processes and enhance the student experience. Parchment's business model includes subscription fees from educational institutions and transaction fees for each credential exchanged. This dual revenue stream ensures a steady income while providing value-added services to its clients. The platform also offers additional services such as dual enrollment, course sharing, and transfer articulation, further broadening its market reach.

Keywords: credential management, academic transcripts, diplomas, education technology, secure transfer, administrative efficiency, student experience, dual enrollment, course sharing, transfer articulation.