New FormXtra Features – Summary of Enhancements

Announcing FormXtra 5.4 Today, Parascript announced FormXtra® and FormXtra Capture 5.4. If you’ve been watching the evolution of our FormXtra technology, we are particularly excited about this release. Most significantly, it represents the joining of many discrete and powerful competencies into a unified software solution for document capture. Below is a summary of the changes, and […]

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Parascript.com updates – more content, available anywhere

Earlier this month we published significant updates to Parascript.com. This includes both surface level changes and deep structural changes. Both are designed to help you find the right content, quickly, from any device you are on. This site utilizes cookies to help tailor your experience. I’ll explain what that means (and doesn’t mean) in greater […]

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Why Check Scanner OCR is Not Enough for Check Recognition

There is often a need to read different data from checks, such as amounts, dates, signatures and so on. It may seem that the most logical approach is to rely on the OCR capability that comes with check scanners. Unfortunately, check scanner’s OCR offers very basic capabilities and it’s often not the solution. Reading fields […]

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The Next Step in Postal Services: The Digital Post

Today’s world—characterized by globalization, liberalization, deregulation, and technological advances—challenges posts’ monopolistic position as the sole providers of postal services. Their only opportunity to withstand increased competition is to raise the bar for performance and efficiency standards of mail sorting and the quality and variety of services offered. Having the advantage of directly servicing the most […]

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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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3 Thoughts from Harvey Spencer’s 2013 Capture Conference

Every year in early September, leading document capture analyst Harvey Spencer hosts an annual industry vendor conference at the Glen Cove Mansion in Glen Cove, NY. Here, Harvey provides a synopsis of the document capture market, and IT trends as they relate to capture (think process-oriented applications, information security and governance, etc). Here’s a few […]

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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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