COGNITIVE DOCUMENT AUTOMATION
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.
Advanced Check Processing
Parascript is the leader in payment automation having enabled straight-through automation in leading banks by 85% and higher. Our solutions enables comprehensive payment processing and signature verification in high-volume, complex document processing environments using a single recognition SDK. Parascript payment automation solutions provides a virtual data entry assistant that 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 software offers:
- Superior recognition rates and accuracy
- Improved recognition results of MICR line
- Accurate detection of signature presence