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Description
Extracting business information from various sources such as printed or handwritten documents, forms, checks, invoices, emails, and more is a crucial task. This process can automatically convert unstructured customer data into a structured and digital format that is ready for business use. Once processed, the valuable data can be exported seamlessly into enterprise systems, databases, lines of business, or integrated into existing workflows. Despite the ongoing digitization and automation trends, paper remains a prevalent component in business operations worldwide. Many large corporations and organizations continue to face challenges with disorganized physical and digital documents that hinder their workflow efficiency. Significant time and resources are often dedicated to implementing automated solutions that still necessitate human intervention for data processing, which can ultimately diminish productivity and inflate costs. Consequently, businesses frequently find themselves in a position where they must sacrifice either cost-effectiveness, speed, accuracy, or the confidentiality of their data. The need for an effective solution that addresses these issues is more pressing than ever.
Description
Parascript software automates mortgage and loan document processing faster and more accurately. It also automates insurance document-based tasks that allow for the intake and review of healthcare insurance data. Document processing automation automates the process of processing documents to improve efficiency, data accuracy, and reduce costs.
Parascript software is driven by data science and powered by machine learning. It configures and optimizes itself for automating simple and complex document-oriented tasks like document classification, document separation, and data entry for payments and lending.
Parascript software processes over 100 billion documents each year in the areas of banking, government, insurance, and other related fields.
API Access
Has API
No
API Access
Has API
Yes
Integrations
ARGO
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
Available Upon Request
Free Trial
No
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
Yes
Mac
Yes
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
Yes
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
No
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
Yes
In Person
Yes
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
Yes
In Person
Yes
Vendor Details
Company Name
Multipass Solutions
Founded
2012
Country
Hungary
Website
www.multipasol.com
Vendor Details
Company Name
Parascript
Founded
1996
Country
United States
Website
www.parascript.com
Product Features
Accounts Payable
Approval Process Control
Yes
Bank Reconciliation
No
Cash Management
No
Check Writing
No
Duplicate Payment Alert
Yes
Fraud Detection
Yes
General Ledger Entry
No
Vendor Management
Yes
Data Entry
Abbreviation Detection
No
Data Capture and Transfer
Yes
Data Cleansing
No
Data Entry Verification
Yes
Data Search Flexibility
Yes
Duplicate Detection
Yes
Flexible Search
No
Image Entry
No
Library Conversion
No
Mis-Keyed Variation Detection
No
Phonetic Variation Detection
No
Data Extraction
Disparate Data Collection
Yes
Document Extraction
Yes
Email Address Extraction
Yes
IP Address Extraction
No
Image Extraction
Yes
Phone Number Extraction
Yes
Pricing Extraction
Yes
Web Data Extraction
Yes
Document Management
Access Controls
Yes
Archiving & Retention
Yes
Collaboration Tools
Yes
Compliance Tracking
Yes
Document Archiving
Yes
Document Assembly
No
Document Capture
No
Document Conversion
No
Document Delivery
No
Document Indexing
No
Document Retention
Yes
Electronic Signature
No
Email Management
No
File Recovery
Yes
File Type Conversion
Yes
Forms Management
Yes
Full Text Search
Yes
Offline Access
Yes
Optical Character Recognition
Yes
Print Management
No
Version Control
No
Electronic Data Capture
Audit Trail
No
CRF Tracking
No
Data Entry
Yes
Data Verification
Yes
Distributed Capture
Yes
Document Imaging
Yes
Document Indexing
Yes
Forms Management
Yes
Remote Capture
Yes
Study Management
No
Product Features
Claims Processing
Adjustor Management
No
Case Management
No
Claim Resolution Tracking
No
Co-Pay & Deductible Tracking
No
Compliance Management
No
Customer Management
No
Electronic Claims
No
Forms Management
Yes
Paper-Based Claims
No
Payor Management
No
Policy Administration
No
Data Entry
Abbreviation Detection
Yes
Data Capture and Transfer
Yes
Data Cleansing
Yes
Data Entry Verification
Yes
Data Search Flexibility
No
Duplicate Detection
No
Flexible Search
No
Image Entry
No
Library Conversion
No
Mis-Keyed Variation Detection
No
Phonetic Variation Detection
No
Data Extraction
Disparate Data Collection
No
Document Extraction
Yes
Email Address Extraction
No
IP Address Extraction
No
Image Extraction
Yes
Phone Number Extraction
No
Pricing Extraction
No
Web Data Extraction
No
Robotic Process Automation (RPA)
Analytics
No
Attended Automation
Yes
Code-free Development
No
Image Recognition
Yes
Optical Character Recognition
Yes
Process Builder
No
Third Party Application Integration
No
Unattended Automation
Yes
