Business Process Optimization Services
Our goal is to remove the infrastructure expense and most time-consuming tasks of designing and creating the data extraction process. Thus, creating an opportunity for business that need small batch data extraction to take advantage of the solution capabilities without the big price tag, enabling reduced costs over manual data entry. We will process data extraction for a one- time solution or on periodic basis.
We are currently focused on extracting data from Checks, Invoices, Claims and other Handwritten or Handprinted Forms. We offer fixed price implementation in our secure Cloud-based environment based on the volume of images and the complexity of the form to be processed.
Automation for Invoices, Receipts & Claims
Our solution excels in invoice processing, claims processing, government forms and receipt processing. Over the past 20 years, Parascript products have become known for its use in large-scale projects for the government and large financial institutions that reduce the costs associated with manual labor to sort, classify, and perform data entry (or indexing) by 50% or more.
For an example of how we automate invoice processing, watch the “Invoice Processing Automation” video.
Form automation made easy
We automate your forms-based processes with the industry’s most accurate and trusted form data extraction. Our form automation offers the best available handwriting recognition and machine-print capture solution with higher quality results than OCR form processing.
Our form automation leverages deep learning-based handwriting recognition. Our forms recognition solution has been trained on the largest repository of handwriting recognition in the world and achieves higher accuracy rates than humans.
Efficient for Accurate Data Results for Red Drop-Out and Black-&-White Claims
Using the Parascript software, which provides best-in-the-industry classification and significantly improves drop-out and black-and-white claims recognition while helping you reduce costs and remain compliant with privacy regulations.
We offer virtual drop-out for claims processing that has set a new standard for classification and recognition for black-and-white claims, overcoming image quality and scaling challenges. Parascript deep learning algorithms improve out-of-the-box accuracy to the industry’s highest level.
Enabling insurers to streamline their workflow processes and lower costs.
Easy, Single Stream, Efficient, and Accurate Check Recognition and Verification
Our newly released eFraud360 is a real-time solution that provides a streamlined and reliable access to a wide range of data on the check or check-like document. A single pass check recognition, forms recognition and signature verification. eFraud360 extracts check courtesy amount and legal amount recognition (CAR/LAR), check number, date and MICR lines, verifies signature presence.
This comprehensive solution provides Full-Stream Banking Document Processing by recognizing financial documents in a real-life mixed stream that features different formats of banking documents having different backgrounds and noise, as well as various styles of writing and text quality. This includes personal checks, business checks, deposit slips, substitute checks (IRDs), money orders and travelers’ checks, as well as differently formatted forms. It also can provide and X9.37 compliant Electronic Deposit configured for acceptance by your bank.