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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 MPS IntelliVector?

Gathering business information from diverse sources like printed documents, handwritten notes, forms, checks, invoices, and emails is an essential function. This undertaking can facilitate the automatic transformation of unstructured customer information into a structured and digital format suitable for business applications. Upon completion of this process, the important data can be effortlessly exported into enterprise systems, databases, and various business lines, or incorporated into existing workflows. Despite the rise of digitization and automation, paper continues to be a significant element in business practices across the globe. Numerous large enterprises and organizations grapple with the complications arising from disorganized physical and digital documents, which obstruct their operational efficiency. A considerable amount of time and resources is often allocated to the adoption of automated solutions that still require human oversight for data processing, ultimately leading to reduced productivity and increased expenses. As a result, many businesses find themselves needing to compromise on cost-effectiveness, speed, accuracy, or data confidentiality. The demand for a robust solution to tackle these challenges has become increasingly urgent, as businesses strive to enhance their efficiency and maintain their competitive edge in the marketplace.

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
Windows
Mac

Customer Service / Support

Standard Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
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

Multipass Solutions

Date Founded

2012

Company Location

Hungary

Company Website

www.multipasol.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

Accounts Payable

Approval Process Control
Duplicate Payment Alert
Fraud Detection
Vendor Management

Data Entry

Data Capture and Transfer
Data Entry Verification
Data Search Flexibility
Duplicate Detection

Data Extraction

Disparate Data Collection
Document Extraction
Email Address Extraction
Image Extraction
Phone Number Extraction
Pricing Extraction
Web Data Extraction

Document Management

Access Controls
Archiving & Retention
Collaboration Tools
Compliance Tracking
Document Archiving
Document Retention
File Recovery
File Type Conversion
Forms Management
Full Text Search
Offline Access
Optical Character Recognition

Electronic Data Capture

Data Entry
Data Verification
Distributed Capture
Document Imaging
Document Indexing
Forms Management
Remote Capture

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