Longmont, CO, 28 July 2020 (GLOBE NEWSWIRE) – Paragraph, which automates document-oriented tasks that process more than 100 billion documents every year, today announced its new partnership with Power Imaging for further innovation in document process automation throughout Brazil. Power Imaging is a recognized Brazilian technology company for cutting-edge ECM solutions that focuses on reducing costs, increasing productivity and operational excellence.
Founded in 1994, Power Imaging represents a leading automation provider, integrating their products into the PowerSuite solution, which links ECM solutions to a comprehensive distributed capture system that allows an unlimited number of users to send documents and data to their business systems. Major companies in Brazil are currently utilizing PowerSuite including Oi Telecom, Light Energy, Eletrosul and Moinhos de Vento Hospital.
“Partnering with Power Imaging, an experienced and highly respected company, is very good for us,” said Bill Johnson, Vice President of Global Sales at Parascript. “Power Imaging offers advanced technology, which is customized for its customers, as well as the largest service bureau in southern Brazil.”
Companies are looking to automate the process of their documents more than just copying scanned documents into a printing press. PowerSuite Power Imaging is designed to facilitate document preprocessing; classification and separation of documents required before performing the data extraction function; and data location and automatic data validation.
“Integrating Parascript software makes sense especially for handwriting recognition because it extracts the highest quality results by combining machine learning algorithms in the latest,” said Mr Rossi.
Uses Smart Learning Parascript, which combines data science with machine learning, Parascript FormXtra.AI also outperforms other capture systems in a dynamic production environment because it adapts to the flow of new documents in the background when documents are processed. FormXtra.AI simultaneously measures and improves performance in the background learning what data can run directly without user intervention to automatically ensure data quality.
“FormXtra.AI can adapt and optimize unstructured handwriting, which is some of the most complex and diverse data documents,” explained Mr. Johnson.
About Power Imaging
About Parascript, LLC
Parascript software, driven by data science and supported by machine learning, configures and optimizes itself to automate simple and complex document-oriented tasks such as document classification, document separation and data entry for payments, lending processes and AP / AR. Every year, more than 100 billion documents involved in banking, government, and insurance are processed by Parascript software. Paragraph offers its technology both as a software product and as a service that supports software to our partners. Our BPO, service providers, OEMs and value-added retail network partners enhance, integrate, and distribute Parascript software in the US and around the world. Visit Paragraph.
Rebecca Rowe Parascript 303-381-3122 [email protected]