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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 Ocrolus?

Transform your back office processes by implementing automation that harnesses the power of artificial intelligence alongside crowdsourced insights. Effortlessly retrieve and analyze data from any image with an impressive accuracy rate exceeding 99%, independent of its quality. The method of data retrieval has never been more user-friendly. You can seamlessly interpret images in your preferred format, allowing for greater flexibility. Ocrolus merges the speed of machines with the discerning eye of human quality control experts to guarantee outstanding accuracy. Protect your data with state-of-the-art security measures akin to those utilized by financial institutions, complemented by a thorough audit trail. Eliminate the hassle of labor-intensive manual reviews and monotonous comparisons. Evaluate financial health effectively by leveraging bank data and cash flow analytics. Accurately determine income for individuals across diverse employment scenarios. Effortlessly extract and confirm address information from all document types while swiftly accessing employment details from multiple sources. Validate and establish identity through various document formats without difficulty. Furthermore, enhance the Ocrolus platform to foster innovation and streamline customer interactions, leading to a more seamless and effective experience for users. This modernization not only enhances productivity but also significantly elevates customer satisfaction, creating a win-win situation for both the business and its clients. Embracing these advanced solutions will prepare your organization for future challenges while ensuring it remains competitive in a rapidly evolving market.

Media

Media

Integrations Supported

ARGO

Integrations Supported

Automation Anywhere
LendingFront
Plaid
UiPath
Unqork

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

Not specified

Company Facts

Organization Name

Parascript

Date Founded

1996

Company Location

United States

Company Website

www.parascript.com

Company Facts

Organization Name

Ocrolus

Date Founded

2014

Company Location

United States

Company Website

www.ocrolus.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

Data Extraction

Not specified

Document Management

Not specified

Fraud Detection

Not specified

OCR

Not specified

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