UPDATED | Parascript Honored for Top Imaging Technology and Knowledge Management Solutions

Longmont, CO, June 08, 2018 (GLOBE NEWSWIRE) -- Parascript, which offers self-learning document processing automation, has been selected for the Top 10 Machine Vision and Imaging Technology Solution Providers by CIO Applications, and for the third year running as one of the 100 Companies That Matter in Knowledge Management by KMWorld in 2018. 

A leading publisher serving the knowledge, content and document management markets, KMWorld selects technology solutions that represent the best in applied innovation, which help businesses manage their knowledge base. This year, as in years past, the KMWorld panel consisted of practitioners, customers, KMWorld editorial staff, market and technology analysts, KM theoreticians and a select few savvy users who reviewed over 1,000 separate offerings from more than 200 vendors.

"The organizations named this year to our list of 100 Companies That Matter in Knowledge Management have captured and sustained our interest through their functionality, success with clients and innovation,” said KMWorld Editor Sandra Haimila. “When we look at the technologies they offer, we are awed by the progress, excited by what the future will bring and confident they will enrich our lives. The companies we have chosen for our 2018 list have proven their business value to customers. We are impressed."

CIO Applications magazine places Parascript in the top ten of Machine Vision and Imaging Technology Solution Providers of 2018. The magazine focuses on highlighting innovations in technology and interviews industry leaders about current technology trends, such as the article "The Dawn of New-Age Document Automation." One primary goal of the magazine is to guide decision makers in adopting the technologies best-suited for their enterprise needs.

"We are glad to announce Parascript as one among the Top 10 Machine Vision and Imaging Technology Solution Providers 2018. We are pleased to recognize Parascript for its automation in the extraction of meaningful, contextual data from image and document-based information to support transactions, information governance, fraud prevention and business processes," said Joe Phillip, Managing Editor of CIO Applications.

Parascript delivers  self-learning solutions that streamline access to the highest quality customer data, processing over 100 billion documents annually for financial, government and healthcare industry clients. Parascript classification, data location and extraction offers:

  • Faster implementation for semi-structured and unstructured document processing.
  • Easy set-up and tuning of configurations without relying on programmers.
  • All types of document processing within the same user application.
  • Single solution for machine-print and handwriting with no complex rules or add-ons.
  • Highly efficient data validation workflows—both field-centric and page-centric—that allow support for a broad range of scenarios from simpler data quality needs to more complex security-oriented needs (such as PHI) without increasing complexity.

"We always appreciate receiving this type of recognition because our focus is on applying machine learning technologies in a practical manner to achieve real results. We find that there is a scalability problem of sorts with document automation; not with the ability to handle large volumes, but with actual adoption mostly due to overly-complex configuration requirements. Parascript solves this problem. Our  self-learning solutions work well in dynamic, production environments and achieve far superior, quality data results without the typical upfront services investment," said Greg Council, Parascript Vice President of Marketing and Product Management.

"We look forward to working with KMWorld and CIO Application magazine subscribers to let them know more about the latest in document processing automation and cognitive RPA advancements," added Mr. Council, "and how these apply to their businesses, as we roll out new advances in document-oriented machine learning."

About KMWorld

KMWorld is the leading publisher, conference organizer, and information provider serving the knowledge management, content management and document management markets. KMWorld informs more than 21,000 print subscribers about the components and processes — and related success stories — that together offer solutions for improving business performance. With access to many of the most knowledgeable writers and analysts in the industry, KMWorld also offers a number of special publications, including: the KMWorld Best Practices White Papers series — delivering high-value, educational content from industry-leading solutions providers, free from marketing hype and distraction, and the KMWorld Buyer's Guide — a print and electronic resource that shortens the search for a vendor and helps identify sources for KM tools. Visit KMWorld.


About CIO Applications

CIO Applications is a technology magazine, published from Silicon Valley, California that is a prime platform for CIOs to discuss and ponder about innovative enterprise solutions. It is a medium that helps upcoming enterprise IT vendors to engage and showcase their solutions for enterprises. CIO Applications helps technology leaders by providing analysis on new technologies and gives a better understanding of the role that enterprise solutions play in achieving business goals. Visit CIO Applications.

About Parascript, LLC

Parascript automates the interpretation 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 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.


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