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 data entry and addresses document processing 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 software supports high volume, advanced document processing of invoices, receipts, remittances, checks, or any other type of transactional documents in a single stream. Parascript software auto-classifies documents and locates, extracts, and scores all key data fields for faster time-to-cash, as well as increased productivity, accuracy, and savings over manual keying costs.
Parascript check capture and recognition enable users to efficiently process the full stream of documents for Proof of Deposit (POD) and remittance including traditional items like business and personal checks, cash tickets, deposit slips and money orders, as well as Image Replacement Documents (IRDs).