Document Classification Made Easy
Parascript Document Classification software automatically learns the key features that can be used to reliably identify one document from another based on examples of your documents, which is all you need to provide. It also learns how to separate your documents within a single PDF or TIFF file. For some document types, there is no need for OCR. Our Document Classification software uses visual elements or existing digital text instead. Even if you don’t know anything about your volumes of documents, you can automatically organize them using Parascript Document Classification software. Once they are classified, it is easy to create simple workflows for metadata and even use the data within your documents to ensure more descriptive, searchable data.
Our document classification automation reduces hundreds of work hours associated with both configuration and production workflows and produces superior results compared to other vendor classification solutions by leveraging machine learning. While rules-based approaches are useful for a small number of static document types, only learning-based automated classification offers a solution for more complex classification and separation needs. Parascript Document Classification software removes any need to manually identify first, middle and last pages since it analyzes the output of content classification to automatically detect and create rules.
Key Benefits of Document Classification
Parascript Document Classification software provides key benefits for enhanced business processing:
- Accelerated Workflows at Lower Cost. Improve the customer experience and throughput rate of your classification-heavy processes without increasing costs.
- Compliance. Easily and comprehensively scan documents for any type of sensitive information. Once identified, the software can even redact the information.
- Discovery. Automate the process of grouping documents and use this information to process an entire volume of documents to support legal or compliance needs.
- Migration. Take collections of documents and easily organize, extract, and apply key metadata to simplify and organize documents into a content management system.
- Reduce ROT (Redundancy, Obsolete, Trivial). Identify duplicate documents and documents that don’t need to be preserved and easily remove them.
Most capture systems get slower and less accurate as more document types are trained. This problem is especially difficult to manage in cases such as mortgage automation where several hundred document types are involved.
The only way to manage this problem has been through hundreds of hours of fine tuning, analyzing results, adding more examples, retraining and repeating the process again. Every time a new document type is added, the entire trained system needs to be updated.
However, Parascript Document Classification software with its proprietary Cascade Classifier reduces all of this work to the push of a button. Cascade Classification automatically analyzes results, adjusts sample sets, and modifies weights. The result is the industry’s highest level of accuracy and throughput without the typical costs.
Auto-Discovery: From Unknown to Known
Many document classification solutions require Subject Matter Experts who are familiar with the organization’s existing “information taxonomy” to assemble samples of targeted documents, a time-intensive, expensive preparation task. With Parascript document classification, you can go from completely unknown documents to known in minutes.
Simply import a volume of documents, and Parascript Document Classification automatically groups documents based upon content or feature likeness without any preparation. Grouped documents can then be reviewed and used as samples to perform classification. This process ensures that any classification project is as comprehensive as possible without incurring the typical preparation costs.
Simple to Use While Reducing Costs
Import any volume of documents without any preparation and have the software automatically group them. Visually move documents from one group to another and name them to create classes, all without any programming. Fine-tuning document classes is as simple as correcting results by moving results from one class to another and then re-train with the click of a button. Create complex classification rules with a visual rule-builder that can be combined with text or visual classification to create special classes of documents. Discovering important information about your documents and improved governance and document search have never been easier or more accessible. Parascript Document Classification software drastically reduces the need for labor-intensive document processing.