Home Builders Data Capture

Documents are critical to home building since they provide the details of complex projects that can last for months. These documents range from plans and drawings, invoices, remittances to receipts–often with handwritten data on them. They have to be managed continuously throughout the construction period and in some cases for years after the project has been completed. Traditionally, this was done manually and on paper, but more home builders find significant business advantage by digitizing the process through the use of document automation. Through accurate document capture, document-based data can be systematically tracked, monitored and audited to help ensure everyone gets paid on time and projects remain within budget.

Capture Technology for Home Builders

Parascript software classifies documents, locates, extracts and verifies all key data for faster time-to-cash, as well as increased productivity, accuracy and savings over manual data entry with these key benefits:

  • Reduces backlog of forms, ensures more consistent and accurate data is extracted from incoming documents for your business systems, allows for providing audits of documentation as well as proactively tracking safety issues.
  • Gain immediate access to key data to streamline transaction-focused workflows since Parascript software easily integrates with your accounting and other business systems, powering any document-centric or straight through processing.
  • Collect payments faster and revenue after a sale by removing time-consuming processing delays through automation.
  • Drive reduction in human processing time by eliminating the need for manual data entry of all of your documents including your invoices and receipts.
  • Increase accuracy and validate data from digital and paper documents using advanced business rules continuously enhanced through machine learning.

Invoice Processing

Capture & Recognition

Parascript FormXtra.AI for Invoices uses Smart Learning to handle even slight nuances in invoices for simple, accurate automated data extraction. Parascript specializes in dealing with the high variability of invoices and their data layouts. Parascript deep learning algorithms significantly improve accuracy of header and footer data to above 80 percent.

Receipt Processing

Capture & Recognition

Parascript FormXtra.AI for Receipt Capture ensures the acquisition, classification, location, extraction and validation of receipt data regardless of how it is captured and regardless of the data that is on the receipt.

Check Processing

Parascript check capture and recognition enable users to efficiently process the full stream of documents for Proof of Deposit (POD) and remittance including traditional items like business and personal checks, cash tickets, deposit slips and money orders, as well as Image Replacement Documents (IRDs).