Parascript for e-Invoicing Providers & Invoice Portals
Reduce your manual data entry costs by 50 percent.
Your solutions provide streamlined accounts payable and receivables processes, but you still have to manage your own profitability. Key to your profitability within an AP/AR process is efficient access to the complex data trapped in invoices, remittances and checks that your customers submit. But this data is often so complex that only data entry staff can deal with it. The result is that the data you need is more costly and potentially has more errors.
What if you could get access to reliable, high quality data from these documents and lower your costs at the same time? This is where Parascript and our machine learning technology comes in.
With the Parascript Accelerator Program, you can increase your data quality and significantly reduce your costs without any upfront investment. Whether your organization owns or outsources the document processing function, we can work with you and any outsourcing partner to provide significant value without disruption or replacement of existing technology. Our software-enabled services automate document classification, document separation, data extraction and data quality processes for select invoice portal providers. Get stress-free efficiency with no upfront costs or fees by joining the Parascript Accelerator Program.
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Advanced Check Processing
Parascript enables comprehensive check processing and signature verification in high-volume, complex document processing environments using a single recognition SDK. Parascript CheckPlus automates check courtesy amount and legal amount recognition (CAR/LAR), check number, date, payee name and MICR lines, verifies signature presence and locates payor blocks.
Parascript CheckPlus—powered by artificial intelligence—offers:
- Superior recognition rates and accuracy
- Improved recognition results of MICR line
- Accurate detection of signature presence