AR/AP & Expense Management
Parascript Accounts Receivable/Accounts Payable (AR/AP) and Expense Management solutions enable straight through processing (STP) to speed the processing of payments and other transactions. Parascript technology drives the elimination of manual data entry and addresses document processing challenges that occur due to variability in location of data, content sensitivity, time sensitivity, and downstream errors leading to higher efficiency and significant cost reductions.
Parascript software supports high volume, advanced document processing of invoices, receipts, remittances, checks and any other type of transaction-based documents in a single stream. Parascript software classifies documents, locates, extracts and verifies all key data for faster time-to-cash, as well as increased productivity, accuracy and savings over manual data entry.
Parascript check capture and recognition enable users to efficiently process the full stream of documents for Proof of Deposit (POD) and remittance including traditional items like business and personal checks, cash tickets, deposit slips and money orders, as well as Image Replacement Documents (IRDs).