Optical Character Recognition (OCR) and its subset, Intelligent Character Recognition (ICR), allow for machine-print and handwritten text in images to be recognized, extracted, and converted into a machine-readable format. Industries like banking and finance use OCR and ICR to extract data from financial documents like invoices and checks, while the healthcare industry uses this technology […]

As the holiday season warms up, many will begin sending gifts and letters to their colleagues. This is a simple process for small companies—you can walk a few steps and leave the correspondence on their desk—but when it comes to large enterprises with 1000+ employees, it gets complicated. While some may want to step out […]

The healthcare industry is under constant pressure to improve efficiency and cut costs. One area that has been receiving a lot of attention lately is revenue cycle management (RCM). RCM is the process of managing the financial aspects of patient care, including insurance billing and payments. The goal of RCM is to optimize the revenue […]

Data extraction software has increased in popularity over the past few years, helping companies become more efficient with their daily activities. Some industries use data extraction software when validating and verifying data while others use it to simplify complex processes. No matter the end goal, data extraction software can prevent the big mistakes that manual […]

When it comes to recent inflation, some individuals are changing their spending habits while others are simply taking it day by day. Either way, it seems inflation is affecting everyone.   Gasoline prices are up 59.9% and energy rates are up 41.6% from last year, so there’s no doubt that the necessities are more expensive. […]

It’s amazing how quickly things can change. Exactly a year ago mortgage rates were low and demand was high. It seemed like everyone was selling, buying, or refinancing a home. There’s no doubt that the summer of 2021 was hot for mortgage lenders, but everyone knows that the market must cool eventually. Recently, the Fed […]

Alan Pelz-Sharpe at Deep Analysis is on a mission to prevent organizations from making mistakes by backward thinking, whether it is from taking a “technology first” perspective or relying too heavily on simplistic frameworks to make vendor selections, there are a lot of worst practices to avoid. Even in an age where there is a […]

Rude? Perhaps. True? Definitely. But let’s face it, there are a lot of B2B technology solutions that are hard to grok let alone implement successfully. That CRM system you’re exploring? Functionally complex, and plenty of ways to get it wrong. Automated, multi-channel customer service application? Watch out, or you’ll be under a deluge of angry […]

Parascript is co-sponsoring a talk with Ricoh USA at the upcoming Insurance AI and Innovative Tech conference in Chicago on April 26th and 27th.  Ricoh has been doing some fantastic work in the area of combining AI, SaaS delivery models, and turnkey outsourced staffing as part of its new vision for digital transformation. The focus of this talk […]

I just read a great article in Document Strategy’s Spring issue by Alan Pelz-Sharpe, the principle at Deep Analysis. The main premise is that while organizations can choose to tackle digital transformation projects at a large scale, should they? The article goes on to point out some impressive arguments for taking a more selective approach […]

Sometimes it’s not all about adopting AI to make things work better. I was reminded recently about the power and significant benefits of process reengineering in a call with a prospective client. Most companies that deal with document-based data within key processes naturally gravitate to the idea of applying AI to automate a lot of […]

e·qui·lib·ri·um /ˌēkwəˈlibrēəm,ˌekwəˈlibrēəm/ noun: equilibrium; plural noun: equilibria a state in which opposing forces or influences are balanced. The key to losing weight is to focus on inputs and outputs. If you are eating more calories than you are burning, you gain weight. If you are at a state of equilibrium, you maintain your current weight, […]

In Malcolm Gladwell’s book “Outliers”, he popularizes the concept that to be great at anything requires at least 10,000 hours of practice. He argues, citing various studies, that the more research conducted into acknowledged high-performing individuals across many fields, the less innate talent mattered and the more critical was a near-ritualistic devotion to preparation and […]

In last week’s article a bubble was burst: automating that simple structured form ain’t so simple. You might have been led to believe by what you read on the Interwebs that your forms are a piece of cake to apply IDP in order to achieve high levels of automation. But what you’re reading is mostly […]

Straight through processing is every successful organization’s challenge since all maximize efficiency with existing tools. Explore how to achieve true STP.