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What is Parascript?

Parascript software streamlines the processing of mortgage and loan documents, enhancing both speed and precision while also automating tasks related to insurance documents, facilitating the intake and analysis of healthcare insurance information. This automation of document processing significantly boosts efficiency, improves data accuracy, and lowers operational costs. Driven by advanced data science and machine learning, Parascript adapts and optimizes itself for a variety of document-centric tasks, including classification, separation, and data entry for financial transactions. Furthermore, this innovative software handles an impressive volume, processing over 100 billion documents annually across sectors such as banking, government, and insurance. Its capabilities not only transform workflows but also redefine how organizations manage large-scale document operations.

What is FINEOS?

The FINEOS Platform is distinguished as the only all-inclusive end-to-end SaaS core product suite available for clients, featuring FINEOS AdminSuite that facilitates the management of processes from quoting to claims, as well as supplementary products like FINEOS Engage to improve digital interactions, and FINEOS Insight which offers sophisticated analytics and reporting functionalities. It is an essential component of a modern digital insurance strategy. By incorporating FINEOS AdminSuite, FINEOS Engage, FINEOS Insight, and its extensive platform capabilities, the FINEOS Platform positions itself as the most advanced singular core insurance solution specifically designed for the Life, Accident, and Health industries. Unlike traditional legacy core systems that adhered to a 'one size fits all' technology paradigm, which has become inadequate for agile enterprises, today's sophisticated consumers, employers, and brokers reap the benefits of innovative SaaS solutions that elevate the standards for insurers' digital endeavors. The former monolithic insurance software systems often focused solely on the complexities of insurance contracts, neglecting the essential need for flexibility and responsiveness in the current rapidly evolving market. By choosing the FINEOS Platform, organizations embrace a forward-thinking strategy that resonates with modern consumer expectations and aligns with ongoing technological progress, ensuring they remain competitive in an ever-changing landscape.

Media

Media

Integrations Supported

ARGO

Integrations Supported

API Availability

Has API

API Availability

Has API

Pricing Information

Available Upon Request

Pricing Information

Pricing not provided

Supported Platforms

SaaS
Windows

Supported Platforms

SaaS

Customer Service / Support

Standard Support

Customer Service / Support

Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Online Training

Company Facts

Organization Name

Parascript

Date Founded

1996

Company Location

United States

Company Website

www.parascript.com

Company Facts

Organization Name

FINEOS

Date Founded

1993

Company Location

Ireland

Company Website

www.fineos.com/platform/

Categories and Features

AI Insurance

Not specified

Claims Processing

Forms Management

Data Entry

Abbreviation Detection
Data Capture and Transfer
Data Cleansing
Data Entry Verification

Data Extraction

Document Extraction
Image Extraction

Robotic Process Automation (RPA)

Attended Automation
Image Recognition
Optical Character Recognition
Unattended Automation

Categories and Features

Claims Processing

Not specified

Health Insurance

Not specified

Insurance Agency Management

Life & Health
Property & Casualty

Insurance Billing

Not specified

Life Insurance

Not specified

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