LONGMONT, Colo., March 14, 2011 /PRNewswire/ -- Parascript, LLC, the image analysis and pattern recognition technology provider, today announced that Panhandle Presort Services (PPS), a complete mail service company providing mail solutions in Texas, has implemented Engineering Innovation's EZ-Flats transport, which incorporates Parascript's AddressScript as the only optical character recognition (OCR) solution.
Before implementing EZ-Flats with Parascript's OCR, Panhandle Presort Services was processing flat mail without any postal discounts. Upon implementing the integrated mail processing solution, PPS was able to immediately obtain the flats postal automation discounts and achieve a return on investment in 10 months of operation. Additionally, Parascript's click model, with pay-as-you-go scenario, significantly reduced the cost of the initial investment.
"We considered presorting flats for several years, but the capital investment was too high for our expected volume. It was not until Engineering Innovation presented the affordable EZ Flats option that we were able to venture into the flats market. On top of the fact that we did not have the upfront equipment expense, Parascript's technology also allowed us to read both machine printed and handwritten mail pieces. This helped us to increase volume to even further exceed our expectations," said Scott Coursey, vice president for PPS. "The ROI on this equipment is unmatched in our industry. We bought our first machine in 2008 for our Amarillo location, bought a second machine for our Lubbock location in 2010, and expect to buy a third machine for our Midland location this month. It's revenue that goes straight to the bottom line."
While EZ-Flats transport is able to process 700 to 1,000 flats per hour, it is also beneficial for mailers, such as Panhandle Presort Services, with smaller volumes of 2,000 flats per day. EZ-Flats tracks every mail piece to its maximum discount level for easy verification and billing. The integrated mail processing solution achieves address recognition and interpretation rates of 95 percent on both machine print and handwritten addresses.
"We are proud to offer highly-efficient solutions for mail processing with the best OCR technology from Parascript, and make the business model appeal to all mailers," said Ron Robbins, CEO of Engineering Innovation, Inc. a leader in providing solutions for handling outbound mail. "With our integrated solution, mailers of any size can achieve greater postal discounts and faster processing times with the highest read rates and accuracy."
Engineering Innovation delivers the EZ-Flats systems with Parascript's best-of-class OCR technology. AddressScript automatically reads addresses with the highest read rates achievable, greatly reducing time, costs and labor commonly associated with mail processing. It locates and captures an address block on envelope, mailing label or flat images to efficiently process the entire mail stream. It reads any character type—cursive, handprint and machine print—in any combination to provide a universal address recognition and validation solution.
"Engineering Innovation's focus on providing their customers with cutting-edge mail processing solutions bodes well with Parascript's best-of-breed address recognition and interpretation technology. We are pleased to see so many mailers, such as Panhandle Presort Services, have successful implementations with our integrated solution," said Kaz Jaszczak, director of product planning and operations for Parascript.
About Panhandle Presort Services (PPS)
PPS is a complete mail service company providing major savings to businesses in a variety of industries. PPS encompasses a wide range of letter shop and mail processing services. From national direct mail campaigns and First-Class presort services to post office box collection and delivery, PPS is your business mail solution. In addition to common mail services such as metering, inserting, addressing, folding, tabbing and sorting, PPS also provides statement-processing services, where we print and mail invoices, collection notices, marketing documents, fundraising letters, and mail-merge documents. Over the past 25 years, with PPS's continued desire to become an innovative leader in the industry, we have grown to be a trusted partner with over 1500 businesses and our productivity demonstrates that we are your Business Mail Expert. PPS is online at http://www.pps-mail.net.
About Engineering Innovation, Inc.
Engineering Innovation, Inc. (EII) provides cost effective solutions for mailers wanting to take advantage of postal discounts with a focus on low initial cost and low cost of ownership. With a modular approach that can grow with your business, Engineering Innovation provides solutions from enhanced manual workstations through fully automated OCR/Barcode/Sorting equipment for flats, letters, and small parcels. Engineering Innovation, Inc. is the newest member of the MailGroup, with over 20 years of experience in mail processing. EII was founded in 2006 by the Owners of M.A.I.L. Inc, and former employees of MailCode Inc. The EII team works together with mailers to establish the optimum solution for the application and to maximize profit. EII is online at http://www.eii-online.com.
About Parascript, LLC
The Parascript image analysis suite extracts meaningful information from images. Employing patented digital image analysis and pattern recognition technologies, the Parascript image analysis suite improves decision quality in medical imaging, postal and payment automation, fraud detection, and forms processing operations. Parascript software processes over 100 billion imaged documents per year. Fortune 500 companies, postal operators, major government, and financial institutions rely on Parascript products. Organizations include the U.S. Postal Service, Bowe Bell + Howell, Fiserv, Elsag, Lockheed Martin, NCR, Siemens, and Burroughs. Parascript is online at http://www.parascript.com.
SOURCE Parascript, LLC