Parascript Services & Solutions for BPOs
Processing documents efficiently and with high accuracy is critical for your business. While OCR and other document processing technology can reduce your costs, the effort of implementing and tuning these technologies to meet your specific SLAs is a significant challenge in both risk and costs. Too often, the software isn’t designed with service providers in-mind, which means you either adapt your processes to the software or take on further cost and risk to customize it.
Parascript has in-depth experience working with the largest document processors to reduce costs and improve data quality to handle even the most complex documents through automation—using industry-leading document classification and recognition technologies—based upon machine learning. We offer exceptional software solutions designed specifically for BPOs and a unique partnering program for select BPOs that takes the partnership to an entirely new level.
Parascript Accelerator Program for BPOs
Our unique program for select BPOs eliminates the risks of technology adoption and ongoing maintenance while returning guaranteed cost savings to our clients. Unlike typical software providers, we prove our value prior to payment and ensure software performance throughout the life of our partnership.
We are provide this value through a combination of our proprietary machine learning platform along with our in-depth experience working with the largest services providers. We solve your data and document processing challenges, which allows you to focus on exceptional process outsourcing.
Key Benefits of the Parascript Accelerator Program
The Parascript ICR platform and associated Accelerator Program provide select document-oriented BPOs and service providers with the following key benefits:
- Shared BPO alignment process provides our partner with guaranteed cost reductions. These cost reduction results fund the entire program
- Ongoing partnership provides maintenance and improvements that ensure continued profitability and customer satisfaction
- Document analysis, rules design, and accuracy verification provided by Parascript to ensure high quality data extraction
- Win-win approach of the program backed by a highly experienced technical team
- Proven track record from large-scale projects for government agencies to projects for some of the largest financial institutions in the world with check processing saving tens of millions of dollars annually
Parascript Automates Processing Invoices, Receipts, & Claims
Parascript excels in invoice processing, claims processing, government forms, and receipt processing. Over the past 20 years, Parascript has become known for our large-scale projects for the government and large financial institutions that reduce the costs associated with manual labor to sort, classify, and perform data entry (or indexing) by 50 percent or more.
For an example of how Parascript automates invoice processing, watch our latest “Automate Invoice Processing with Parascript” video.
Inc. 5000 BPO Reduces Data Entry Costs by 90 Percent
An established Business Process Outsourcer (BPO) founded over forty years ago, this Inc. 5000 company has widely expanded its service offerings, staff and facilities. Today, it is one of America’s fastest growing privately held companies.
Due to rapid growth, the company was experiencing significant data entry costs among other challenges. Parascript reduced labor costs by 50 percent initially and ultimately by 90 percent.
Find Out How to Reduce Your Manual Data Entry Costs by 50 Percent
We analyze the costs associated with manual labor to sort, classify, and perform data entry (or indexing) to process invoices, receipts, claims, applications and other types of forms for select BPOs and service providers. Typically, we reduce these costs by 50 percent or more on large-scale projects through automation while significantly improving accuracy and decreasing processing time.
Let us show you how our software works.