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News Article | February 28, 2017
Site: www.prweb.com

HSA, Inc., in partnership with IMAGAZ by ZAGAMI, today announced its new Service Provider Capture Summit, CapServe 17, to be held at the Hilton Washington Dulles on April 5 and 6. This conference is designed help providers position their companies to benefit from the changes and opportunities afforded by the software, hardware and Cloud services sponsors who are supporting this event. Attendees will learn about the best solutions to address the challenges of digital transformation, and how to present these solutions to their clients and adapt them for internal service operations centers; through general session presentations, specialized breakouts, panel discussions, vendor exhibits and a customized Production/Operations Manager workshop. Event sponsors include Workflow Magazine, Kodak Alaris, OpenText, Opex, Kofax, I.R.I.S, ibml, ABBYY, Xamcor, SourceHOV, CaptureFast, Parascript and GRM Document Management. Bob Zagami, Principal Consultant at IMAGAZ by ZAGAMI, said, “The Service Provider community previously relied on the former Service Provider Executive Forum as its primary networking and education event for four decades. Our next generation event will expand the agenda for our peers and a select group of sponsors who specialize in production improvements and technology solutions for their clients. I have often said that as a service provider, if there was only one event a year that I could attend to improve my company, enhance my business operations and find unique solutions by networking… this was going to be it. This event will become the new standard for service providers going forward.” Harvey Spencer, President, HSA, Inc. observed, “Service Bureaus are ideally positioned to take advantage of the move to cloud services and can add tremendous value to their user’s solutions, but the delivery models will change. We plan to explore these changes and opportunities to the benefit of the document conversion service providers.” ABOUT HSA, Inc. Since 1989, HSA, Inc. has specialized in technologies used to create, understand and extract meaningful, usable information from analog-based semi and unstructured datasets. Services include Market Analysis, Technology Planning Assistance, Product Positioning, Product Management, Client-sponsored Research and Strategic Planning Services. Covered areas include high speed document scanning, use of mobile technologies, image acquisition and enhancement software, recognition software, classification and other pattern tools. http://www.hsassocs.com


Wiseguyreports.Com Adds “Business Document Work Process Management (BPO) -Market Demand, Growth, Opportunities and analysis of Top Key Player Forecast to 2021” To Its Research Database This report studies Business Document Work Process Management (BPO) in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with capacity, production, price, revenue and market share for each manufacturer, covering Xerox Eastman Kodak Banctec Synnex/Concentrix/IBM Fujitsu Hewlett Packard Parascript Cannon Konica Minolta Lexmark Ricoh Adobe Scan Optics Connecticut Business Systems Doma Fujitsu Parascript Patriarch Partners Scan Store Market Segment by Regions, this report splits Global into several key Regions, with production, consumption, revenue, market share and growth rate of Business Document Work Process Management (BPO) in these regions, from 2011 to 2021 (forecast), like North America Europe China Japan Southeast Asia India Split by product type, with production, revenue, price, market share and growth rate of each type, can be divided into Type I Type II Type III Split by application, this report focuses on consumption, market share and growth rate of Business Document Work Process Management (BPO) in each application, can be divided into Application 1 Application 2 Application 3 Global Business Document Work Process Management (BPO) Market Research Report 2016 1 Business Document Work Process Management (BPO) Market Overview 1.1 Product Overview and Scope of Business Document Work Process Management (BPO) 1.2 Business Document Work Process Management (BPO) Segment by Type 1.2.1 Global Production Market Share of Business Document Work Process Management (BPO) by Type in 2015 1.2.2 Type I 1.2.3 Type II 1.2.4 Type III 1.3 Business Document Work Process Management (BPO) Segment by Application 1.3.1 Business Document Work Process Management (BPO) Consumption Market Share by Application in 2015 1.3.2 Application 1 1.3.3 Application 2 1.3.4 Application 3 1.4 Business Document Work Process Management (BPO) Market by Region 1.4.1 North America Status and Prospect (2011-2021) 1.4.2 Europe Status and Prospect (2011-2021) 1.4.3 China Status and Prospect (2011-2021) 1.4.4 Japan Status and Prospect (2011-2021) 1.4.5 Southeast Asia Status and Prospect (2011-2021) 1.4.6 India Status and Prospect (2011-2021) 1.5 Global Market Size (Value) of Business Document Work Process Management (BPO) (2011-2021) 7 Global Business Document Work Process Management (BPO) Manufacturers Profiles/Analysis 7.1 Xerox 7.1.1 Company Basic Information, Manufacturing Base and Its Competitors 7.1.2 Business Document Work Process Management (BPO) Product Type, Application and Specification 7.1.2.1 Type I 7.1.2.2 Type II 7.1.3 Xerox Business Document Work Process Management (BPO) Capacity, Production, Revenue, Price and Gross Margin (2015 and 2016) 7.1.4 Main Business/Business Overview 7.2 Eastman Kodak 7.2.1 Company Basic Information, Manufacturing Base and Its Competitors 7.2.2 Business Document Work Process Management (BPO) Product Type, Application and Specification 7.2.2.1 Type I 7.2.2.2 Type II 7.2.3 Eastman Kodak Business Document Work Process Management (BPO) Capacity, Production, Revenue, Price and Gross Margin (2015 and 2016) 7.2.4 Main Business/Business Overview 7.3 Banctec 7.3.1 Company Basic Information, Manufacturing Base and Its Competitors 7.3.2 Business Document Work Process Management (BPO) Product Type, Application and Specification 7.3.2.1 Type I 7.3.2.2 Type II 7.3.3 Banctec Business Document Work Process Management (BPO) Capacity, Production, Revenue, Price and Gross Margin (2015 and 2016) 7.3.4 Main Business/Business Overview 7.4 Synnex/Concentrix/IBM 7.4.1 Company Basic Information, Manufacturing Base and Its Competitors 7.4.2 Business Document Work Process Management (BPO) Product Type, Application and Specification 7.4.2.1 Type I 7.4.2.2 Type II 7.4.3 Synnex/Concentrix/IBM Business Document Work Process Management (BPO) Capacity, Production, Revenue, Price and Gross Margin (2015 and 2016) 7.4.4 Main Business/Business Overview 7.5 Fujitsu 7.5.1 Company Basic Information, Manufacturing Base and Its Competitors 7.5.2 Business Document Work Process Management (BPO) Product Type, Application and Specification 7.5.2.1 Type I 7.5.2.2 Type II 7.5.3 Fujitsu Business Document Work Process Management (BPO) Capacity, Production, Revenue, Price and Gross Margin (2015 and 2016) 7.5.4 Main Business/Business Overview 7.6 Hewlett Packard 7.6.1 Company Basic Information, Manufacturing Base and Its Competitors 7.6.2 Business Document Work Process Management (BPO) Product Type, Application and Specification 7.6.2.1 Type I 7.6.2.2 Type II 7.6.3 Hewlett Packard Business Document Work Process Management (BPO) Capacity, Production, Revenue, Price and Gross Margin (2015 and 2016) 7.6.4 Main Business/Business Overview 7.7 Parascript 7.7.1 Company Basic Information, Manufacturing Base and Its Competitors 7.7.2 Business Document Work Process Management (BPO) Product Type, Application and Specification 7.7.2.1 Type I 7.7.2.2 Type II 7.7.3 Parascript Business Document Work Process Management (BPO) Capacity, Production, Revenue, Price and Gross Margin (2015 and 2016) 7.7.4 Main Business/Business Overview 7.8 Cannon 7.8.1 Company Basic Information, Manufacturing Base and Its Competitors 7.8.2 Business Document Work Process Management (BPO) Product Type, Application and Specification 7.8.2.1 Type I 7.8.2.2 Type II 7.8.3 Cannon Business Document Work Process Management (BPO) Capacity, Production, Revenue, Price and Gross Margin (2015 and 2016) 7.8.4 Main Business/Business Overview 7.9 Konica Minolta 7.9.1 Company Basic Information, Manufacturing Base and Its Competitors 7.9.2 Business Document Work Process Management (BPO) Product Type, Application and Specification 7.9.2.1 Type I 7.9.2.2 Type II 7.9.3 Konica Minolta Business Document Work Process Management (BPO) Capacity, Production, Revenue, Price and Gross Margin (2015 and 2016) 7.9.4 Main Business/Business Overview 7.10 Lexmark 7.10.1 Company Basic Information, Manufacturing Base and Its Competitors 7.10.2 Business Document Work Process Management (BPO) Product Type, Application and Specification 7.10.2.1 Type I 7.10.2.2 Type II 7.10.3 Lexmark Business Document Work Process Management (BPO) Capacity, Production, Revenue, Price and Gross Margin (2015 and 2016) 7.10.4 Main Business/Business Overview 7.11 Ricoh 7.12 Adobe 7.13 Scan Optics 7.14 Connecticut Business Systems 7.15 Doma 7.16 Fujitsu 7.17 Parascript 7.18 Patriarch Partners 7.19 Scan Store For more information, please visit https://www.wiseguyreports.com/sample-request/646554-global-business-document-work-process-management-bpo-market-research-report-2016


News Article | February 15, 2017
Site: www.prweb.com

Parascript, the pioneer in data extraction powered by machine learning, today announced a new partnership with IMDS, which offers highly innovative software and hardware solutions for data capture. IMDS plans to integrate Parascript products into its capture offering in order to provide additional capability and value to its customers. IMDS will begin by leveraging Parascript’s advanced international check recognition, invoice and receipt processing to enhance its current document processing for the highest level of accuracy in dynamic field recognition and handwritten data capture. IMDS will use Parascript software to address country-specific formats, backgrounds and writing styles with CheckPlus International and more efficiently locate and extract the correct information from the most hard-to-process, complex and variable documents such as invoices and receipts. “We are looking forward to working with a world class company like IMDS to deliver the most precise, accurate data extraction solutions to their clients,” said Mark Gallagher, Vice President of Sales. “Parascript technology offers unmatched quality—the best read rates and accuracy available on the market today.” Parascript provides a full-range of image processing and data extraction SDK products that enable system integrators and software vendors to support multiple clients’ needs for a wide variety of document and data types. Parascript technology solutions are easy to implement and administer for high volume needs without the typical cost or complexity. For example, Parascript CheckPlus International, which IMDS will use as part of their solution, delivers an integrated solution for recognizing the stream of documents for Proof of Deposit (POD), including machine-printed and handwritten checks. It accurately detects mismatches between check amounts written in numbers (courtesy amount) and letters (legal amount). This provides an added element to detect counterfeit and alterations, delivering a safeguard against fraud. Since IMDS specializes in helping organizations effortlessly manage their documents from the simplest forms to the most complex documents, enabling clients to completely outsource their document processing for greater efficiencies and at a lower cost, this technology partnership was a natural fit. “Parascript technology solutions will further enhance our capabilities in key areas like Accounts Payable, through joint applications of our capture technologies to provide our clients best-in-class, high-volume data location and extraction, ADF and the new ADvanced DOCument concept,” said Frédéric Cornu, CEO of IMDS. “Together, we plan to take document processing to the next level in automation with a team of experts in applied machine learning dedicated to the highest precision in the industry.” About Parascript, LLC Parascript automates the extraction of meaningful, contextual data from image and document-based information to support transactions, information governance, fraud prevention, and business processes. Parascript Artificial Intelligence (AI) software processes any document with any data from any source with its easy-to-use, image-based analysis, classification, data location, and extraction technology. More than 100 billion documents for financial services, government organizations, and the healthcare and life sciences industry are analyzed annually by Parascript software. Parascript offers its technology both as software products and as software-enabled services to our partners. Our BPO, service provider, OEM and value-added reseller network partners leverage, integrate and distribute Parascript software in the U.S. and across the world. Visit Parascript. About IMDS Since 1995, IMDS has been a key player in the dematerialization and intelligent processing of document and information flows. IMDS offers innovative software and hardware solutions to enhance data capture and collection (such as invoices, checks, purchase orders, microfiches and forms) and customer engagement (such as letters, SMS and parcels). IMDS focuses on three distinct areas: making and distributing of hardware and innovative software solutions meticulously developed by our research and development team; providing consulting, training and other services to optimize data processing in order to maximize efficiency and quality; and providing services that enable our clients to completely process the Automated Document Factory (ADF) or outsource their document processing. Visit IMDS.


News Article | November 21, 2016
Site: www.prweb.com

Parascript, an RSNA exhibitor, will participate in Beyond Imaging RSNA 2016 held in Chicago, Illinois on November 27 to December 2. Visit Booth 6034 to meet the Parascript team in-person, get a demo of AccuDetect® Computer-Aided Detection (CAD) for Mammography and enjoy giveaways. Parascript AccuDetect CAD uses multiple independent cancer detection algorithms and a unique patented voting methodology to combine its findings. Comparing the results of the multiple image recognition processes allows for improved sensitivity and reduced false-positive rates resulting in precise CAD markings for areas of interest. Hospitals throughout the country have commented on AccuDetect’s rapid processing capabilities. AccuDetect CAD processes images significantly faster than the top competition with a processing time of just 11 seconds per image, and 45 seconds per 4-view study. The average CAD system takes 30 seconds or more to process a single image. “It is amazing how much quicker our team can process these images,” said Todd Laing, Director of Radiology at Mena Regional Health System (MRHS). AccuDetect CAD also supports early, more accurate detection, delivering high performance on dense and extremely dense breasts, according to a clinical study reported in Clinical Imaging (M. Lobbes et al., Clinical Imaging 37 (2013) 283-288). Gina Dailey, Director of Medical Sales at Parascript, will be on hand with her team for demos and to answer any questions. "AccuDetect CAD for Mammography should be extremely helpful to organizations looking to reduce costs and provide a superior CAD product to their patients,” said Ms. Dailey. “I’m looking forward to some in-depth discussions about delivering high performance results on dense and extremely dense tissue, which is critical to hospitals and practices everywhere." About Parascript, LLC Parascript automates the extraction of meaningful, contextual data from image and document-based information. Parascript® AccuDetect® Computer-Aided Detection (CAD) software helps radiologists read digital mammograms. Using several complementary algorithms and a patented voting method to achieve high sensitivity and low false-positive rates, AccuDetect identifies areas suspicious for breast cancer for further review. AccuDetect improves the performance of radiologists in discriminating between malignant and nonmalignant cases. Visit Parascript Medical Imaging.


Patent
Parascript | Date: 2010-04-22

Methods and systems are disclosed to aid in the detection of areas of interest in an image. Multiple image recognition processes analyze the image and identify areas of interest. The identified areas of interest are compared to determine confidence values for each identified area of interest using a voting process. The confidence values may be used in determining areas of increased interest which are highlighted on the image. In embodiments, identified areas of interest meeting a certain threshold requirement are selected as areas of increased interest. In other embodiments, new areas of increased interest are created by combining areas of interest. Embodiments of the disclosed methods and system may be used to aid in the detection of cancer in mammogram images.


Patent
Parascript | Date: 2011-11-02

Methods and systems are to facilitate the interaction between a user and a computer aided detection (CAD) system when identifying areas of interest in an image. The CAD system receives input from a user indicating areas of interest that the user perceives in the image. The input may include location information as well as additional information about the area of interest. The CAD system may then perform a voting process using the user provided areas of interest and one or more sets of areas of interest identified by at least one image recognition process to produce a final set of areas of interest in the image. The voting process is useful in eliminating false positives and false negatives that may have been identified by the user and/or the image recognition processes. Further embodiments disclosed herein provide methods and systems for training a voting process to complement a particular user.


News Article | December 1, 2016
Site: www.prweb.com

Parascript, the pioneer in data extraction powered by machine learning, today announced the new release of CheckPlus International, the check processing engine that automates check courtesy and legal amount recognition (CAR/LAR), MICR Lines, payee line field, date field, and account number on the back of the check, among other country-specific fields. CheckPlus International now supports the United Kingdom in addition to supporting Argentina, Australia, Brazil, Canada, Chile, France, India, Italy, Malaysia, Portugal and Puerto Rico. With significant read rate improvement on CAR/LAR fields of up to 10 points over the previous CheckScript product for the UK market, CheckPlus International provides the best read rates and highest accuracy available. “We are always focused on providing the highest accuracy levels and ensuring our products are the best on the market,” said Greg Council, Vice President of Marketing and Product Management at Parascript. “With our release of the UK module as part of our CheckPlus International suite, banks operating in the UK can now have access to Parascript’s superior accuracy to support check digitization projects associated with the recent changes in check clearing regulations.” CheckPlus International delivers full stream document processing, an integrated solution for recognizing the stream of documents for Proof of Deposit (POD), including machine-printed and handwritten checks. The software automatically locates and recognizes standard field types on financial documents. The set of fields and features varies depending on the country, check layout and specific requirements. It also easily detects CAR/LAR mismatches. That is, mismatches between check amounts written in numbers (courtesy amount) and letters (legal amount). This provides added security to detect counterfeits and alterations, delivering a safeguard against fraud. Another fraud prevention capability of some versions of CheckPlus International is signature presence detection and verification that ensure the industry’s highest accuracy rates in detecting random and skilled forgeries. This same capability is offered as a universal product called SignatureXpert that can be combined with CheckPlus International. This advanced capability to produce multiple types of output means quickly adapting to unique business needs. “CheckPlus International allows the financial industry to focus on their customers while our software takes care of extracting the right data while reducing fraud,” Council said. About Parascript, LLC Parascript automates the extraction of meaningful, contextual data from image and document-based information to support transactions, information governance, fraud prevention, and business processes. Parascript Artificial Intelligence (AI) software processes any document with any data from any source with its easy-to-use, image-based analysis, classification, data location, and extraction technology. More than 100 billion documents for financial services, government organizations, and the healthcare and life sciences industry are analyzed annually by Parascript software. Parascript offers its technology both as software products and as software-enabled services to our partners. Our BPO, service provider, OEM and value-added reseller network partners leverage, integrate and distribute Parascript software in the U.S. and across the world.Visit Parascript.


News Article | March 3, 2015
Site: www.prweb.com

Parascript today announced a partnership with OneTouchPoint, which is integrating the Parascript software platform as part of its business process outsourcing services. Together, they are focused on helping their clients achieve greater compliance, efficiency, and cost savings by streamlining processes and workflows. OneTouchPoint will leverage Parascript technologies to facilitate effective enterprise-wide information management. “Parascript has delivered phenomenal results for their clients, including the U.S. Postal Service and eight of the ten largest banks in the country. We look forward to providing Parascript software to meet our customers’ high-volume document processing needs,” said Jason Wienke, General Manager of Digital Services at OneTouchPoint. “This encompasses a wide range of activities from processing invoices, insurance claims, survey cards, explanation of benefits, applications, to checks and remittance documents.” Unstructured documents and data from disparate sources impact efficiencies in business processes at each level across almost every enterprise. Processing and accessing information from these sources can require extensive manual data entry and wasted time spent searching for hard-to-access documents. To meet this challenge for greater efficiencies, Parascript technology facilitates both backfile digital conversion projects and front-end document processing applications. OneTouchPoint clients are likely to see significant cost and productivity benefits by automating rote, labor-intensive data capture and data location activities, according to Wienke. “Our partnership with OneTouchPoint is precisely the type of strategic relationship that we look for in a partner because it leads to the most innovative and comprehensive enterprise content management solutions,” said Mark Gallagher, VP of Sales at Parascript. For more about this partnership, go to the OneTouchPoint press release. About Parascript, LLC Parascript automates data-intensive image and document processing activities, enabling organizations to increase efficiency and productivity at reduced cost. Parascript software processes any document with any data from any source with its easy-to-use, image-based analysis, classification, data location, and extraction technology. More than 100 billion documents for financial services, government organizations, and the healthcare and life sciences industry are analyzed annually by Parascript software. Our OEM and value-added reseller network partners integrate and distribute Parascript software in the US and across the world. Visit Parascript online at http://www.Parascript.com About OneTouchPoint OneTouchPoint aggregates the resources of industry-leading solution providers to deliver true, end-to-end document process outsourcing solutions, including digital conversion, enterprise content management and business process automation services. With offices and production facilities located throughout the U.S., OneTouchPoint has onsite or outsource capabilities focused on providing comprehensive business process services that address key applications throughout the enterprise, including accounts payable automation, mailroom automation, survey processing, customer onboarding, records management and invoice processing. OneTouchPoint is also a national provider of marketing, print, mail, distribution, fulfillment and eBusiness solutions. For more information, visit us online at http://www.1touchpointdigital.com


News Article | April 6, 2015
Site: www.prweb.com

Today, Parascript has launched FormXtra Capture (FXC) 6.0 with a new Receipt Data Extraction Module and a rich set of additional features that streamline document processing. An extraordinary number of receipts are printed worldwide each year. Receipts are essential for proof of purchase verification and expense reimbursement, and provide important spending data. They come in every format—paper, electronic, machine print and hand-written—with highly variable layouts. Managing receipts has always been a time-consuming headache because of the quantity and variety of receipts that require processing without a good solution to deal with all of them, until now. The FXC Receipt Data Extraction Module offers the industry’s most accurate solution, a powerful add-on module that enables organizations to easily classify and extract key data on retail receipts, receipts with handwritten tips and totals, and hotel bills. Parascript provides a Windows SDK and Web Service that allows images of receipts captured from desktop scanners, portable scanners, and mobile devices to be classified with key data located and extracted from the receipt. Businesses use extracted receipt data for expense management, tax preparation, and purchasing analysis. Valuable information on receipts is automatically located and processed by Receipt Data Extraction. “The beauty of FormXtra has always been that it processes all types of data—structured, semi-structured, unstructured, and zone-based data—and it captures everything from machine print, constrained and unconstrained handprint to complex cursive more accurately than other solutions,” said Greg Council, VP of Marketing and Product Management. “With this new feature set and the Receipt Data Extraction Module, FormXtra becomes the game-changer in ease-of-use, setup and out-of-the-box capabilities for many customers.” Despite the fact that receipts are highly variable in terms of both layout and the types of data, Receipt Data Extraction locates and interprets key data such as vendor, date, subtotal, tax, tip, total (both machine print and handprint), payment type, city, state, zip, and phone. Handwritten information such as tips and totals are often part of a receipt. This powerful module accurately handles variable layouts and handwritten data, enabling businesses to automatically acquire, classify, and extract all the receipt data. The Next Step in Smart Business Processing - FormXtra Capture 6.0 In addition to Receipt Data Extraction, FormXtra Capture 6.0 offers new administration and data validation features for easy deployment and data quality workflow optimization. Businesses can immediately deploy their software enterprise-wide and implement their data quality requirements using FormXtra Capture for data validation. Specific additional FormXtra Capture 6.0 features include: THIN CLIENT ADMINISTRATION AND DATA VALIDATION - accelerates product deployment by removing the need to install client software on potentially hundreds of workstations. INTERACTIVE DATA VALIDATION - allows businesses to control data quality workflows before, during, and after reviews and audits using sophisticated business rules hosted via the browser. Businesses can easily implement specific data quality requirements with the new software, improving both efficiency and data quality. ADVANCED DATA VALIDATION - streamlines presentation of both the data and the data entry fields in identical format for rapid validation of formatted data such as tables and addresses. Additionally, dual support for both document-centric and field-centric data validation ensures that businesses take advantage of sophisticated load-balancing, performance monitoring, automation, and field-level security to support a wide variety of data capture needs. FULL REST WEB SERVICE REPORT AND ACCESS - provides customers with simpler, expanded integration options for document import/export and document processing workflows. RELATIONAL DATABASE IS OPTIONAL - allows deploying a full document capture and data extraction workflow without requiring the complexity of a relational database. This lowers the barrier to entry since businesses of all sizes can start small with minimal software and hardware costs and expand to an RDBMS as their needs change. FormXtra Capture supports high-volume, complex, document processing needs, and delivers flexibility for processing rules and workflows. Smaller organizations can also implement FXC without the significant upfront investment often found with other capture products, and continue to use it as they grow. About Parascript, LLC Parascript automates data-intensive image and document processing activities, enabling organizations to increase efficiency and productivity at reduced cost. Parascript software processes any document with any data from any source with its easy-to-use, image-based analysis, classification, data location, and extraction technology. More than 100 billion documents for financial services, government organizations, and the healthcare and life sciences industry are analyzed annually by Parascript software. Our OEM and value-added reseller network partners integrate and distribute Parascript software in the US and across the world. Visit Parascript online at http://www.Parascript.com


News Article | May 26, 2015
Site: www.prweb.com

Parascript, the industry innovator in advanced data location, extraction, and classification, today announced the next generation of document classification software. Parascript Document Classification 2.0 empowers business users to leverage auto-classification without programming experience. “We’re placing the power of document auto-classification in the hands of business users,” Mark Gallagher, Vice President of Sales, said. “On the one hand, you don’t have your team spending hours manually reviewing and organizing documents in the system. On the other hand, you don’t have to employ a team of programmers to auto-classify your documents. It’s advanced classification functionality that’s straightforward to use.” Parascript Document Classification 2.0 advances classification beyond batch classification, which is limited to organizing pre-defined sets of documents in an established order. Unlike other auto-classification solutions, Parascript Document Classification 2.0 provides the following unique benefits: High Accuracy Classification. Most classification software relies on one type of classification method over another, which limits the types of documents and how accurately they can be processed. Parascript drew upon its advanced data location and extraction techniques along with its state-of-the-art image analysis capabilities to develop Document Classification. It automatically applies multiple techniques including algorithms that process visual, text, or glyph-like elements such as signatures or logos in order to classify documents based upon all the available information. All of this allows results to be highly accurate with very low error rates. Discovery Via Auto-Classification. Large organizations have many different types of documents and need to avoid expending employee resources to identify all document types. When applying Parascript Document Classification, it’s not necessary to manually review repositories for samples. By document clustering, the software groups documents automatically without samples. Once samples are identified, it is no longer necessary to have examples of every document variant. For example with invoices, Parascript Document Classification can use a few samples, after which it can classify an invoice as an invoice and any variation of that invoice. Dynamic Organization and Ongoing Maintenance. Engaging the organization’s Subject Matter Experts (SMEs) to organize, classify, and maintain the taxonomies with ever-changing business rules are highly labor-intensive, ongoing activities that divert SMEs from their core tasks. Parascript Document Classification is automated and trainable. With a few samples, the software automatically learns the features of a particular document class. The software applies the rules so that users don’t have to, establishes the necessary metadata, and is rapidly trained to classify hundreds of different documents all in random order. Rapid Set-Up and Ease of Use. Organizations can be up and running with advanced classification capabilities in weeks not months. SMEs can use Parascript Document Classification without any programming or coding background. “For the first time, enterprises can affordably and effectively address their document organization workload,” Greg Council, VP of Marketing and Product Management said. “With Parascript Document Classification, enterprises gain a comprehensive understanding of their document data lakes so that business users no longer expend resources manually organizing and reorganizing documents. Document data can now be optimally used, governed, defined, and secured.” Auto-classification is included in the general availability of Parascript Document Classification 2.0 and also available as an option with FormXtra Capture 6.1. For more information about Classification 2.0, visit Parascript. About Parascript, LLC Parascript automates data-intensive image and document processing activities, enabling organizations to increase efficiency and productivity at reduced cost. Parascript software processes any document with any data from any source with its easy-to-use, image-based analysis, classification, data location, and extraction technology. More than 100 billion documents for financial services, government organizations, and the healthcare and life sciences industry are analyzed annually by Parascript software. Our OEM and value-added reseller network partners integrate and distribute Parascript software in the US and across the world. Visit Parascript online at http://www.Parascript.com

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