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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 Hyperscience?

Hyperscience is an advanced Intelligent Document Processing platform that utilizes proprietary machine learning models to effectively classify and extract both printed and handwritten text from a variety of documents, which encompasses everything from structured forms to complex unstructured materials. The platform's cutting-edge methodology promotes a synergistic relationship between humans and artificial intelligence through a user-friendly interface, termed the "human-in-the-loop" process. This system guarantees that human intervention occurs only when the software's confidence in meeting the customer-defined accuracy Service Level Agreements (SLAs) is insufficient. In addition to data extraction, Hyperscience enhances its offerings by enabling tailored workflows that allow customers to validate, enrich, and explore the extracted information. This capability ensures that only precise data is integrated into downstream systems, which ultimately supports improved decision-making processes. Furthermore, the platform is designed to adapt to various business needs, making it a versatile tool for organizations aiming to optimize their data handling workflows.

Media

Media

Integrations Supported

ARGO

Integrations Supported

API Availability

Has API

API Availability

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
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Parascript

Date Founded

1996

Company Location

United States

Company Website

www.parascript.com

Company Facts

Organization Name

Hyperscience

Date Founded

2014

Company Location

United States

Company Website

hyperscience.com

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

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