In terms of innovation, Ripcord checks all the boxes, combining robotics with cloud software for capture. But its uniqueness may also be its weakness. For such a differentiated product, the firm has only limited industry visibility. … That said, Ripcord does represent a step forward in the capture, archiving, and records management world: its speed in capturing and processing paper documents sets a new benchmark.
Vendor Vignette: capture
Parascript is a traditional and long-established OCR/ICR capture vendor with some advanced machine learning and AI capabilities (which it labels Smart Learning) that differentiate it from the pack. However, despite the fact that Parascript is one of the pioneers of text recognition, with the team’s experience dating back to the 1980s, the firm remains small, with limited market visibility.