Parascript Partners With Datamatics TruCap+ to Offer Easy-to-Use Intelligent Document Processing Amid Rising Demand for Automation
PR94486
LONGMONT, Colo., Feb. 11, 2022 /PRNewswire=KYODO JBN/ --
Parascript, which has been delivering high-performing automation for over 25
years and processing more than 100 billion documents annually, announced today
its partnership with Datamatics (
) to offer accessible, accurate document recognition amid rising demand for
Automation. Datamatics is a global Intelligent Automation Products, Digital
Solutions, Technology, and BPM Company that provides intelligent solutions for
data-driven businesses to increase productivity and enhance the customer
experience.
As part of the technology partnership, Parascript SignatureXpert SDK will
combine with Datamatics TruCap (+) IDP to offer enhanced auto-signature
matching functionality in its IDP software TruCap(+). Datamatics TruCap (+) is
an AI-enabled IDP solution that provides a Template-Free approach to
significantly reduce setup time and the burden of creating and maintaining
templates for each document type and version. Datamatics TruCap (+) is a global
leading IDP solution and is recognized as a "Star Performer and Major
Contender" in the Everest Group Peak Matrix for IDP Technology Vendors 2021.
"The Datamatics partnership means a lot to us because their values are so
closely aligned with ours," said Alain Navarro, Director of Sales for EMEA &
Latin America at Parascript. "To gain complete and clear visibility throughout
the entire flow, organizations must minimize paper and tightly integrate
processes with their system applications. Automating by integrating signature
verification within a fraud detection application sets the foundation for
complete and clear visibility."
"Through the use of state-of-the-art technology, SignatureXpert software also
cuts out errors commonly associated with convoluted fraud by automating the
verification, comparison, and approval process. Simply adding technology alone
won't increase productivity if the team is working hard but inefficiently,"
said Alain. "Combining Datamatics TruCap+ software and SignatureXpert SDK, we
deliver robust, scalable solutions with a good return on investment. Datamatics
is one of the few vendors in our market that can offer global coverage to
customers. On top of that, they thrive on innovation and passion with a solid
reputation built over many years."
Speaking about the partnership, Mitul Mehta, SVP and Chief Marketing Officer at
Datamatics, said, "Several processes require signature matching, which is
currently all done manually, especially in Banking, Insurance, and Financial
Services industry. He further added, "Parascript SignatureXpert works
seamlessly with TruCap (+). With the enhanced automated signature matching
feature, our customers can further automate processes, increase
straight-through-processing and accuracy throughput."
Parascript SignatureXpert enables automated signature verification captured
from any document, minimizing the need for visual verification and providing a
high degree of accuracy. SignatureXpert enables signatures to be verified by
comparing them against reference signatures gathered during account setup,
voter registration, or any other event that allows the collection of validated
signatures. Parascript provides the highest level of accuracy for any
application that needs to authenticate signatures. Businesses—which rely on
signature authentication for check processing, loan origination, vote-by-mail,
and or other applications requiring signatures—understand the importance of
accuracy when it comes to detecting signature fraud. Parascript SignatureXpert
provides the highest degree of accuracy for applications.
About Datamatics
Datamatics, a global Digital Solutions, Technology, and BPM Company, provides
intelligent solutions for data-driven businesses to increase productivity and
enhance the customer experience. With a complete digital approach, Datamatics
portfolio spans across Information Technology Services, Business Process
Management, Engineering Services, and Big Data & Analytics, all powered by
Artificial Intelligence. It has established products in Robotic Process
Automation (RPA), Intelligent Document Processing (IDP), Business Intelligence
(BI), and Automatic Fare Collection (AFC). Datamatics serves global customers
across Banking, Financial Services, Insurance, Healthcare, Manufacturing,
International Organizations, and Media & Publishing. The Company has a presence
across four continents with major delivery centers in the USA, India, and
Philippines. Visit Datamatics (
).
About Parascript
Parascript sells not just software, we sell actual, verifiable results that
save companies over $1B annually. Customers choose Parascript when they want to
use applied AI to achieve an optimized data capture solution with the highest
levels of reliable automation. Parascript has over three decades of experience
applying AI to solve complex problems, automating document-oriented processes
that involve over 100 billion documents each year. We have automated the postal
industry, commercial mailrooms, government elections, payments, and hundreds of
other processes. Visit Parascript (
).
CONTACT: Ariane Barragan, +1 720.731.3282, ariane.barragan@parascript.com
SOURCE Parascript, LLC
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