Recognition and Remote Deposit Capture – Takeaways from this year’s RDC Summit

This year’s annual Remote Deposit Capture summit was held in Orlando, Sept 25-27. It is a fascinating niche event that unlike many industry conferences evolves dramatically each year. And for the financial industry, which tends to be slow about technology adoption; watching the evolution of this space is really interesting. Here’s a summary of the […]

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Video: Intelligent Document Recognition | Benefits and Features

Want to learn more about document capture and only have a couple of minutes? Well, do we have the video for you! Intelligent Document Recognition (IDR) software allows companies to automate data capture and reduce manual data entry. Parascript’s FormXtra Capture provides the ability to process any document, with any data, from any source. It […]

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How Does Incoming Mail Processing Software Work?

State-of-the-art incoming mail processing software is able to locate the correct destination address block on the image of an envelope, flat-size mail piece, or parcel. The software automatically parses and recognizes the fields within this address block. It is designed to deal with different address block structures and automatically reads the variety of fields and […]

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Over $1,000 Billion Bill Payments by Mail in 2013

According to a recent report from Aite Research, $1.062 billion of consumer payments will be done by mail in 2013 in the U.S. That’s compared to $1.769 billion done online. Payments with checks are declining, but as we can see here, they are still part of the second most used payment channel. Even if the […]

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New Aite Research Highlights Remittance Processing Pains of the B2B Middle Market

Back in March and April, Parascript commissioned research with the Aite Group to better understand the current state of receivables processing automation at mid-market companies ($50m – $500m). Most specifically, we were interested in the more complex, business-to-business (B2B) market. We learned a great deal. A few of the highlights: The average mid-size B2B company […]

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The 2 Most Common Misconceptions about Recognition Technology

When it comes to automated recognition technology, there are 2 common misconceptions about expected results that can be easily solved with tuning. Misconception #1: All items in a stream are equally hard to read, both automatically and manually The items that cause the most errors and rejects are not random. In fact, the items that […]

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Efficient Processing of Incoming Mail

For small companies and large enterprises alike, mail continues to be an integral part of the document workflow. In a typical mail center, 60 to 70 percent of the labor is spent sorting incoming and interoffice mail. Incoming mail is defined as those mail pieces that are received by any company, and in addition to […]

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The Truth about Trainable Forms Processing

There are many capture systems that market the ability to automatically “learn” document formats and layouts or to allow the system to be “trained”. In either case, the objective is twofold: Minimize the effort required to define document rules specific to each document variant and Improve overall recognition rates and lower error rates. The Problem […]

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Understanding Recognition: Reject Mechanism

Let’s explore the mathematical model for optimizing the tradeoff between errors and rejects. The reject mechanism helps to guarantee the specified error level required by an application. Recognition engines usually return an answer accompanied by a value parameter called confidence value. The confidence value ranges from 0 to 100 and indicates how confident the engine is that […]

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Back to School – Field v Character Recognition Circa 1999

Ever dust off something your company was working on ten years ago and scratch your head in a moment of deja-vu, wondering if anything has actually changed? Here’s a scan of a Parascript newsletter, from 1999! The funny thing is, reading it feels like not much has changed. There have been M&A’s, (Captiva to name […]

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Understanding Recognition: Errors and Rejects

There are 3 possible outcomes when recognition engines attempt to read any data: the correct answer, error, or reject. This post will focus on understanding errors and rejects and how to find the right balance between them. Errors refer to the instances when a recognition engine gives an incorrect result. The problem with errors is […]

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Big Decision Coming Up? A Process for Making Better Choices

By Don Dew, Director of Marketing Do you have a big decision coming up? Whether buying a car, looking for a job, or evaluating capture software, one thing is for certain. As a human, your likelihood of making the best decision is, frankly, flawed out of the gate. The good news is, with a little […]

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