The Parascript Difference
We build software that gives people breakthrough access to their data. Any document. Any data. Any source.
Our software analyzes over 100 billion documents annually and extracts critical information for financial services, government agencies and the healthcare industry. Our clients are our partners—BPOs, service providers, OEMs and value-added resellers—in the U.S. and across the world. Through digital image analysis, AI, machine learning and advanced pattern recognition, Parascript software enables business automation in documents, forms, mail processing, transaction processing and fraud prevention. Parascript technology is unique in its focus on precision document processing. High automation is our goal. Low error rates contribute to significant downstream cost reductions and higher customer satisfaction. Parascript software touches just about everyone in the U.S. who sends mail or writes a check. Our software:
- Improves check processing accuracy by 90 percent on average for banks and financial institutions worldwide.
- Reduces repetitive data entry for many clients by as much as 95 percent while also improving consistency and accuracy.
- Saves our clients billions of dollars each year.
Our Commitment—Your Success.
In the late 1980s, venture capitalists from Boulder and a team of Russian scientists formed ParaGraph that built software leveraging AI, pattern recognition and machine learning to automatically recognize handwriting and translate it into machine readable format. In 1989, Apple leveraged this software for the Newton series of personal digital assistants, and later on, Microsoft used Parascript technology in its tablet operating systems. ParaGraph scientists then piqued the market’s interest once again with unique multimedia and 3D/virtual reality technology, which was bought by Silicon Graphics. At this time in 1996, the team launched Parascript, the data capture and recognition business.
Renowned for its pattern recognition, machine learning techniques and image-analysis technologies, Parascript focuses on software solutions that deliver precise data extraction. We have a unique team of highly experienced engineers and scientists—over a third with PhDs—many with national and international awards in mathematics and programming. For two decades, these automation solutions have helped BPOs, service providers, VARs, OEMs, system integrators, postal and financial organizations save billions of dollars in data entry expenses. Our client partners include GE, IBM, Siemens, Lockheed Martin, Philips and NCR to name a few.
New ideas have always defined the culture at Parascript. Every new innovation leverages our in-depth knowledge and cutting-edge technologies—such as Deep Learning—to advance our software for our clients and our future partners. For example in 2015, Parascript Document Classification uniquely combined both visual and content classification to automate the document organization process for improved information governance; and today, SignatureXpert offers universal locator capabilities that allow for processing any type of check anywhere in the world.
As we innovate, we leverage our extensive experience and deep expertise to build software that solves complex business challenges — and deliver the world’s most advanced data extraction solutions.
Parascript offers implementation options that include both standalone and multi-functional SDKs, and turnkey solutions that are user-friendly and provide straightforward integration options for deployment. Our flexible and affordable pricing models allow pay-per-click and subscription (OPEX) licensing, in addition to traditional software licensing models.
We know you want to do your research and we have designed this website to offer a variety of ways to do that. Whatever your document classification, data location, extraction and validation requirements, we understand your use-case is unique and often differentiates your organization. Data informs, but people communicate. The Parascript team is here to support your needs throughout the technology selection, implementation and maintenance process.
Parascript software is available through its Value Added Reseller and OEM Partner Networks. Contact us if you are looking for a reseller or interested in becoming one. As you explore, feel free to chat with us, tweet, email, or call. We’re happy to answer any questions and can help set up a demo.
We’re all about relationships and figure a great way to start ours is by having a chat with you. Please feel free to contact us as soon as you’re ready.
Contact Us or call us today at 303.381.3100