Document-based information crucial to many business processes is on a dramatic increase putting increased time and cost pressure on organizations as they attempt to meet ever-changing customer expectations, and most is born digital. The ability to manage all manner of documents, whether scanned, faxed or generated from applications, is critical to maximize efficiency, adaptability and the customer experience, all while reducing costs. Parascript FormXtra.AI, using Smart Learning, is a recognized trendsetter in automated document identification and data entry solutions. FormXtra.AI turns complex, timeconsuming, costly and error-prone activities common with advanced capture into simple compute time, which creates optimized configurations that enable straight through processing for document classification and separation. FormXtra.AI meets data extraction needs for structured to unstructured data whether text or handwriting. Parascript supplies the digital workforce with document automation solutions focused on document-oriented processes including transactions, onboarding, compliance and fraud prevention. Parascript software analyzes over 100 billion documents each year. To classify and extract data from any documentâ€”from simple to very complex, highly variable, multi-page documentsâ€”Parascript software requires only a sample data set and its output for system training. Parascript unattended automation is achieved in hours of compute time versus the weeks and months of manual configuration and testing required of alternative tools.
Vice President of Marketing and Product Management at Parascript We are making major advances in data extraction and verification by applying real machine learning to document processing automation including the tasks required to configure and optimize the systems before and after going into production.
Our novel use of deep learning has led to new levels of handwriting recognition accuracy and better than human accuracy and speed in field recognition. We have eliminated the need for templates, which tend to become dated quickly in dynamic environments and require regular maintenance to remain relevant. Rulesbased approaches, which generally require developers and SMEs, are no longer necessary either. Stay-tuned for more capabilities in the near future.
CONTACT INFO: COMPANY: Parascript
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COMPANIES DOCUMENTmedia.com summer.2018
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