Faster, better, more accurate. It seems as though the typical response to the need to improve speed, quality, or accuracy is to introduce technology into the mix. Does that mean humans don’t need to be involved? Autonomous Machine Learning Whether it’s artificial intelligence, machine learning, deep learning, or a mix, the notion that computers and […]

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Metadata enables the safekeeping of customer data and unlocking the hidden value of that data, according to Dana Louise Simberkoff in her recent article in CMSWire, and we agree. Parascript is launching the Ultimate Document Challenge designed to put our technology to the test for the lucky qualifying organization. To put it plainly, there are complex solutions to complex problems. And then, there is the practical approach that we believe will enable organizations large and small to better understand, describe, and manage their document-based information.

Best practices in document management—when approaching a document management challenge that necessitates data extraction—require fully understanding the types of documents involved. The “nature” of the document is fundamental in determining the most appropriate technologies and techniques to use. For example, OCR cannot provide a comprehensive solution in many cases. Instead, OCR acts as the underlying, supporting technology that aids with producing a final result.

A long overdue BPO Sales Model revolution is underway. New and converging technologies, a different brand of decision maker/buyer (including both technical and business influencers), and an ever-expanding number of customer options (e.g., in-house technology, hosted solutions, and subcontracting) have permanently altered the sales landscape. Add to this, the fact that Business Process Outsourcers face […]

Document-oriented BPOs rethink their document management solutions for profitability & growth – This article focuses on next generation solutions for document-oriented BPOs and Managed Services….

When it comes to successful information management projects, it’s not the technology that’s the problem. It’s the organizations that purchase and use it. At least, that’s what Laurence Hart maintains in his recent CMSWire article. Now Lawrence is a practitioner, and he’s seen firsthand how information management projects can fail or succeed. Personally, as a […]

Alexander Filatov, CEO at Parascript, represented the company at the IAPR International Conference on Machine Vision Applications

To address the information management problem, look at the quick wins, or as Joe Sheply of Doculabs calls it, the “first 100 pounds.” (Check out Joe’s recent article in CMSWire regarding cleaning-up shared file drives.) Just like the importance of having a healthy lifestyle, most businesses understand that it’s important to improve their control over […]

Key trends in the document Business Process Outsourcing (BPO) industry over the next five years promise to expand and transform the industry. Today, more than ever, companies are looking to reduce costs by partnering with a BPO that gives them a competitive edge by delivering better results faster. This requires higher efficiency and more services […]

Rethinking Your ECM…Now What? Important tips for getting the most out of your ECM to effectively find and retrieve data

Going beyond OCR to extract important, context-based data from documents with high reliability and accuracy.

Extracting valuable data from receipts is now accurate, efficient and simple, using FormXtra Receipt Data Extraction

March 23, 2015 – Participants from across the U.S. as well as local Coloradoans attended the Parascript Partner Training Workshop held March 18-20, 2015 in Longmont, Colorado. The workshop offered detailed training, tips, and recommendations on Parascript FormXtra Capture (FXC). Mark Gallagher, VP of Sales at Parascript, kicked off the workshop with introductions and an […]

Imagine being assigned a task to group apples by type. Easy enough, you can organize into colors (green, red, orange-red, yellow), size (large and small) and taste/texture (sweet, tart, juicy, crisp, etc.). Now imagine being tasked with grouping apples that you are only allowed to see in black-and-white photos. All of a sudden, your choices […]

Image quality remains an ongoing challenge for our financial clients. In benchmarking our data verification and check fraud prevention projects, it’s easy to demonstrate that image-based processing is highly successful. However, the very small percentage of poor quality images can cost financial institutions millions of dollars to research and correct. A recent white paper from […]