Drive Greater Efficiency & Significant Cost Savings
Parascript offers the most innovative automation technology for transactional data extraction (e.g., invoices, receipts, claims, and checks), document management for BPOs, information governance, business process data extraction, and fraud prevention solutions.
Transactional Data Extraction
Parascript transactional data extraction solutions enable straight through processing (STP) to speed the processing of payments and other transactions. Parascript technology drives the elimination of manual processing and addresses document management challenges that occur due to variability in location of data, content sensitivity, time sensitivity, and downstream errors leading to higher efficiency and significant cost reductions.
Parascript for Business Process Outsourcing
We solve the challenges faced by Business Process Outsourcers (BPOs) to reduce document processing costs and improve operating margins by providing the world’s leading ICR platform as part of our unique end-to-end partnership to help BPOs maintain and grow profitability while staying competitive. The Parascript partnership means that we provide the software at no cost and assume the risks in process automation so our partners don’t have to: we get paid based on our partner’s actual cost savings. Unlike typical software providers, we prove our value prior to payment and ensure software performance throughout the lifetime of our partnership.
Information Governance with Parascript
Gain a better understanding of your document-based assets to enable information governance through automated document identification and metadata extraction. Document classification and metadata are two fundamental requirements for any information governance initiative. Relying on manual processes to develop consistent document classes and descriptions is costly, time consuming, and error prone, which poses compliance risks. Parascript offers automated classification and metadata extraction that: first, ensures uniformity and consistency reducing the risk in document processing; and second, results in improved management of information and increased accessibility to all important documents.
Business Process Data Extraction
Parascript business process data extraction solutions enable businesses, organizations and government agencies to streamline their document management processes, drive reduction in manual processing time, and lower associated costs.
Parascript fraud prevention solutions help identify and prevent fraud for financial institutions regardless of channel, such as remote deposit, teller, Web, ATM, or mobile device. The solutions detect counterfeit documents, signature forgery, content alteration, duplicate presentment and payee match discrepancies. Timely fraud prevention is key to mitigate losses, protect assets, and improve customer service and loyalty. Parascript automated fraud solutions can be deployed in both front or back office environments and enable financial institutions to identify more suspect transactions in much less time, inspect all transactions rather than just high value amounts, and reduce false positives through improved accuracy rates.
Parascript helps high-volume mailers, postal operators, major corporations and government agencies to streamline and automate the sortation of the full mail stream, including letters, flats, parcels, forwarded mail, business reply mail, and bundles.
Parascript® AccuDetect® Computer-Aided Detection (CAD) software helps radiologists read digital mammograms. Using several complementary algorithms and a patented voting method to achieve high sensitivity and low false-positive rates, AccuDetect identifies areas suspicious for breast cancer for further review. AccuDetect improves the performance of radiologists in discriminating between malignant and nonmalignant cases.
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