Parascript Solutions for Service Providers & Outsourcers

Parascript Solutions for Service Providers & Outsourcers

Add cognitive document automation to your digital workforce services for higher efficiency & accuracy

Parascript Solutions for Service Providers & Outsourcers

Add cognitive document automation to your digital workforce services for higher efficiency & accuracy

Parascript Solutions for Service Providers & Process Outsourcers

DON’T JUST OCR YOUR DOCUMENTS. INTERPRET THEM AND ACHIEVE TRUE UNATTENDED AUTOMATION.

Processing documents efficiently with high accuracy is critical for your business. With the increased focus on robotic automation, the ability to offer straight-through processing not only improves your bottom line, but enhances the competitiveness of your solution offerings.

While OCR and other document processing technologies can provide some level of automation, only an advance capture platform can offer the cognitive abilities to understand what data is good and what data needs review.

Typically, the effort of implementing and tuning these technologies to meet your specific SLAs is a significant challenge with risks and costs. Too often, the software is not 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.

Cognitive Automation with Parascript Smart Learning

Parascript has in-depth expertise in applied machine learning to automate document-intensive tasks, developed over the past 30 years. Parascript solutions have reduced manual efforts supporting payment transaction costs by over 85% and enabled government posts to achieve greater than 95% unattended automation.

Smart Learning is our latest advancement in the world of document automation. It allows your organization to significantly reduce the costs and complexity of configuring and optimizing your document automation tasks. Using only tagged sample data, Smart Learning automatically configures image optimization, document classification and separation, and data extraction. Also, the system automatically analyzes the output data to set document and field level accuracy thresholds that ensure your data meets stringent SLA requirements.

Parascript offers exceptional software solutions designed specifically for Business Process Outsourcers (BPOs) as well as a unique partnering program for select BPOs that takes the partnership to an entirely new level.

ACCELERATOR PROGRAM:

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
improvement

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.