Our software analyzes over 100 billion documents annually and automates key tasks for financial services, government agencies, and the healthcare industry. Our clients are our partners—Business Process Outsourcers (BPOs), service providers, Original Equipment Manufacturers (OEMs), and Value-Added Resellers (VARs) in the U.S. and across the world.
Through our many different machine learning techniques including digital image analysis and advanced pattern recognition, Parascript software enables the digital workforce with unattended document automation. Parascript software supports transaction processing, customer onboarding, case management, mail processing, and fraud prevention as well as other document processing.
Parascript technology is unique in its focus on precision document processing enabling straight-through processing with no manual intervention. High automation is our goal. Low error rates contribute to significant downstream cost reductions and higher customer satisfaction. Parascript software touches just about everyone in the U.S. who sends mail or writes a check.
Our Smart Learning Software
Improves document processing efficiency and data accuracy for organizations across the globe.
Reduces data entry expenses for many clients by as much as 95 percent.
Saves our clients billions of dollars each year.
The History
1989 | Venture capitalists from Boulder and a team of scientists formed ParaGraph, building software leveraging AI, pattern recognition, and machine learning to automatically recognize handwriting and translate it into machine readable format.
1993 | Apple leveraged this software for the Newton series of personal digital assistants, and later on, Microsoft used ParaGraph technology in its tablet operating systems. ParaGraph scientists then piqued the market’s interest once again with unique multimedia and 3D/virtual reality technology, which was bought by Silicon Graphics.
1996 | Paragraph spun off its document recognition division into a separate company called Parascript.
Renowned for its pattern recognition, machine learning techniques, and image analysis technologies, Parascript focuses on software solutions that deliver precise data extraction. We have a unique team of highly experienced engineers and scientists—many with PhDs and/or national and international awards in mathematics, physics, and programming.
For two decades, these automation solutions have helped BPOs, service providers, postal, and financial organizations save billions of dollars in data entry expenses.
Our client partners include IBM, Siemens, Fiserv, Deloitte, and NCR to name a few. Our software helps many large companies and agencies such as the United States Postal Service, Deutsche Post, and Wells Fargo.
Our Technology
Over the years, Parascript has been established as a trusted provider of state-of-the-art solutions in cognitive computing, applying computer vision and artificial intelligence to a number of markets. Parascript was the first to solve the cursive handwriting puzzle. Over the past 25 years, we’ve grown to be the source for applied artificial intelligence technologies for some of the largest postal services and other Global 2000 organizations.
Our computer vision involves automating tasks such as translating digital images into information or detecting certain information. Computer vision is a specialized application of AI in that many of the techniques used to process an image are part of the field of AI and are focused on images.
Typical tasks using computer vision involve object recognition and classification, which includes optical character recognition and handwriting recognition, motion analysis, scene reconstruction and image restoration. These tasks can support controlling roboticized processes, navigation, event detection, organizing information and automatic inspection.
Our Culture
New ideas have always defined the culture at Parascript. Every innovation leverages our in-depth knowledge and cutting-edge technologies—such as deep learning—to advance our software for our clients and our future partners.
As we innovate, we leverage our extensive experience and in-depth expertise to build software that solves complex business challenges. Parascript delivers the world’s most advanced document automation solutions.
Our Commitment
At Parascript, we understand that the development and deployment of AI technology must be responsible to serve our users effectively. Our products must positively impact not just our customers but their customers as well.
While concerns of ethics is a recent topic of discussion, it is the foundation of Parascript’s vision from day one.
We are dedicated to ensuring that our AI-driven innovation is designed with fairness and accuracy. Parascript has been committed to developing the best products that foster trust and deliver meaningful benefits across all touchpoints.