Parascript Document Ingestion

Since the beginning of Industry 4.0, we've faced the complex challenge of delivering highly optimized capture solutions tailored to the specific and evolving needs of our clients and partners. In this new era, digital transformation drives the demand for customized, high-performance solutions that can handle vast volumes of information with speed, accuracy, and flexibility. This ongoing demand has pushed our R&D team to innovate continuously, exploring new technologies and refining existing ones to stay at the forefront of industry standards. Our commitment to this pursuit ensures that we can provide adaptable, reliable solutions capable of evolving alongside the needs of our customers.

Each year, managing over 100 billion documents requires constant adjustment to meet these large-scale demands. Achieving this scale is no small feat and involves optimizing our systems to balance speed, efficiency, and cost-effectiveness for our clients. We focus not only on processing volume but also on refining our technology to minimize downtime, enhance security, and support cost savings across operational layers. Through consistent improvements and a proactive approach, we ensure our capture solutions maintain peak performance, delivering value and confidence for clients in industries where precision and reliability are critical.

Smart Learning Document Processing: High-Accuracy, Low-Intervention Workflow Automation

Our offering delivers exceptionally high accuracy in document processing, powered by a Smart Learning platform that automatically configures processing rules to continually enhance performance and reduce human intervention. With top-tier recognition rates for both handwriting and mixed content, our solution enables seamless Straight-Through Processing (STP) with minimal manual configuration. This streamlined approach significantly reduces time and effort compared to competitors, providing an efficient and highly effective solution for managing complex document workflows.

Business Applications:

Key areas include accounts payable for invoice processing, customer onboarding with document verification, contract and claims management for data extraction, HR onboarding for employee paperwork, remittances, audits, shipment forms, signature recognition, and hand-written OCR.

Key Advanced Features

High-Performance Application Development: Delivers finely tuned applications for processing images and documents, powered by AI, ensuring exceptional performance and accuracy in document-based workflows.

Proprietary Machine Learning Methods: Employs advanced, proprietary implementations of cutting-edge machine learning techniques to deliver superior results, even when working with poor-quality documents and images.

Smart Learning Platform: Continuously enhances document processing capabilities by learning from ongoing operations, accurately locating and extracting target data within paragraphs of text for more efficient processing.

Intelligent Document Separation and Classification: Automatically identifies document boundaries and classifies documents with multiple classifiers working independently on text and visual elements, ensuring the highest level of classification accuracy.

Country-Specific Solution Development: Enables efficient creation of tailored, country-specific solutions, even with an initially limited number of data samples, ensuring localized accuracy and relevance.

Automated Form Rule Generation: Extracts both machine print and long-form handwritten text, automating the generation of form rules for a wide range of documents and handwriting styles, improving data capture efficiency.

Enriched with AI and ML

Parascript leverages a robust suite of artificial intelligence technologies to drive advanced document processing capabilities. Core components include Smart Learning, which optimizes performance through adaptive learning, and Natural Language Processing (NLP) for understanding complex text inputs. Deep learning techniques such as Convolutional Neural Networks (CNN), Recurrent Neural Networks (RNN), and Siamese Neural Networks enable high-accuracy recognition of diverse data formats. Additional methodologies, including Conditional Random Fields, Bayesian methods, and graph-based computations, further enhance the system’s ability to analyze and process complex document workflows. This comprehensive AI framework ensures high precision and efficiency across varied document processing tasks.

Differentiators

• Delivers exceptionally high accuracy rates in document processing.
• Smart Learning automatically configures document rules, enhancing accuracy and minimizing human intervention.
• Achieves leading recognition rates for both handwritten and mixed (hand and machine print) content.
• Supports Straight-Through Processing (STP) with minimal errors.
• Requires less manual configuration compared to competing solutions.