Insurance companies and financial institutions often struggle with complex, inflexible core systems which hinder their agility and response to fast-changing market conditions. Customers meanwhile expect more mobile-first capabilities and convenient self-service options than ever before. Document extraction and automation is what helps these organizations stay competitive. With Parashift, insurance companies can automate to quickly process applications and reduce claims processing times. Banks and other financial institutions can deploy the Parashift technology save time on operational costs like consumer and mortgage loan application processing, while still keeping customers engaged and informed.