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.
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.