Your solutions streamline accounts payable and receivables (AP/AR) processes, but you still have to manage your own profitability. Key to your AP/AR profitability is efficient access to the complex data trapped in invoices, remittances and checks that your customers submit. This data is often so complex, 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? Parascript software powered by machine learning provides high quality results and lowers costs.
With Parascript software, you can increase your data quality and significantly reduce your costs. 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 automates document classification, document separation, data extraction and data quality processes for involving complex transaction-based documents such as invoices, purchase orders and remittances.
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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