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Parascript Upgrades Document Capture Solutions

The document recognition software company hopes to help banks improve back-office processing.

Parascript, a document recognition software company, has updated its FormXtra 5.3 and FormXtra Capture 5.3 solutions to include a pay-as-you-go subscription, per-click based pricing formats, and integrated web services capabilities.

Other features include the ability to capture documents via a mobile device, the company said. Users are able to capture, scan, and send applications for claims process automatically or process checks.

The upgrades offer the ability to set up forms processing definitions, routines and output to integrate and customize applications with the technology, according to Parascript.

“Our advance software is an all-in-one solution that reduces the guess work and lifts the burden many companies face in accurately and quickly capturing information from forms and other documents,” said Parascript’s SVP Dwayne Ritchie, in a statement. “It continues our mission of supporting out VAR and OEM channels with broad enablement and more ways to process more content from more sources.”

Zarna Patel is a staff writer for InformationWeek's Financial Services brands, which include Bank Systems & Technology, Insurance & Technology and Wall Street & Technology. She received her B.A. in English and journalism from Rutgers University College of Arts and Sciences in ... View Full Bio

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