OCR Space and Paramount Acceptance Integration

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Automatically extract data from invoices scanned by OCR Space and update customer accounts in Paramount Acceptance. Latenode's visual editor makes this integration effortless while its pay-by-execution pricing keeps costs down, even as your business scales.

Swap Apps

OCR Space

Paramount Acceptance

Step 1: Choose a Trigger

Step 2: Choose an Action

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How to connect OCR Space and Paramount Acceptance

Create a New Scenario to Connect OCR Space and Paramount Acceptance

In the workspace, click the “Create New Scenario” button.

Add the First Step

Add the first node – a trigger that will initiate the scenario when it receives the required event. Triggers can be scheduled, called by a OCR Space, triggered by another scenario, or executed manually (for testing purposes). In most cases, OCR Space or Paramount Acceptance will be your first step. To do this, click "Choose an app," find OCR Space or Paramount Acceptance, and select the appropriate trigger to start the scenario.

Add the OCR Space Node

Select the OCR Space node from the app selection panel on the right.

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OCR Space

Configure the OCR Space

Click on the OCR Space node to configure it. You can modify the OCR Space URL and choose between DEV and PROD versions. You can also copy it for use in further automations.

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OCR Space

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Connect OCR Space

Sign In

Run node once

Add the Paramount Acceptance Node

Next, click the plus (+) icon on the OCR Space node, select Paramount Acceptance from the list of available apps, and choose the action you need from the list of nodes within Paramount Acceptance.

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OCR Space

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Paramount Acceptance

Authenticate Paramount Acceptance

Now, click the Paramount Acceptance node and select the connection option. This can be an OAuth2 connection or an API key, which you can obtain in your Paramount Acceptance settings. Authentication allows you to use Paramount Acceptance through Latenode.

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OCR Space

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Run node once

Configure the OCR Space and Paramount Acceptance Nodes

Next, configure the nodes by filling in the required parameters according to your logic. Fields marked with a red asterisk (*) are mandatory.

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The action ID

Run node once

Set Up the OCR Space and Paramount Acceptance Integration

Use various Latenode nodes to transform data and enhance your integration:

  • Branching: Create multiple branches within the scenario to handle complex logic.
  • Merging: Combine different node branches into one, passing data through it.
  • Plug n Play Nodes: Use nodes that don’t require account credentials.
  • Ask AI: Use the GPT-powered option to add AI capabilities to any node.
  • Wait: Set waiting times, either for intervals or until specific dates.
  • Sub-scenarios (Nodules): Create sub-scenarios that are encapsulated in a single node.
  • Iteration: Process arrays of data when needed.
  • Code: Write custom code or ask our AI assistant to do it for you.
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Paramount Acceptance

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Save and Activate the Scenario

After configuring OCR Space, Paramount Acceptance, and any additional nodes, don’t forget to save the scenario and click "Deploy." Activating the scenario ensures it will run automatically whenever the trigger node receives input or a condition is met. By default, all newly created scenarios are deactivated.

Test the Scenario

Run the scenario by clicking “Run once” and triggering an event to check if the OCR Space and Paramount Acceptance integration works as expected. Depending on your setup, data should flow between OCR Space and Paramount Acceptance (or vice versa). Easily troubleshoot the scenario by reviewing the execution history to identify and fix any issues.

Most powerful ways to connect OCR Space and Paramount Acceptance

OCR Space + Paramount Acceptance + Google Sheets: This automation extracts data from loan application images using OCR Space, creates a new prospect in Paramount Acceptance with that data, and then logs the prospect's information in a Google Sheet for tracking purposes.

Paramount Acceptance + OCR Space + Slack: When a member is updated in Paramount Acceptance, the system uses OCR Space to archive their associated documents, extracting the text and creating a searchable PDF. Finally, Slack sends a notification to the loan officer, confirming the update and archiving of documents.

OCR Space and Paramount Acceptance integration alternatives

About OCR Space

Need to extract text from images or PDFs? Use OCR Space in Latenode to automatically process documents and integrate the data into your workflows. Automate invoice processing, data entry, or compliance checks. Latenode adds flexible logic, file parsing, and destinations to your OCR results, scaling beyond single-document processing.

About Paramount Acceptance

Automate loan application processes with Paramount Acceptance in Latenode. Streamline credit checks and approvals by connecting Paramount to your CRM and database. Use Latenode's no-code tools and JavaScript functions to customize workflows, reduce manual data entry, and speed up decisions. Scale easily with Latenode's pay-by-execution pricing.

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FAQ OCR Space and Paramount Acceptance

How can I connect my OCR Space account to Paramount Acceptance using Latenode?

To connect your OCR Space account to Paramount Acceptance on Latenode, follow these steps:

  • Sign in to your Latenode account.
  • Navigate to the integrations section.
  • Select OCR Space and click on "Connect".
  • Authenticate your OCR Space and Paramount Acceptance accounts by providing the necessary permissions.
  • Once connected, you can create workflows using both apps.

Can I automate invoice data extraction and payment processing?

Yes, you can! Latenode's visual editor makes it easy. Extract data from invoices using OCR Space and automatically create payment requests in Paramount Acceptance, streamlining operations.

What types of tasks can I perform by integrating OCR Space with Paramount Acceptance?

Integrating OCR Space with Paramount Acceptance allows you to perform various tasks, including:

  • Automatically create customer profiles from scanned application forms.
  • Update payment statuses in Paramount Acceptance based on OCR-verified receipts.
  • Trigger notifications upon successful processing of scanned financial documents.
  • Archive scanned documents in a designated folder after payment confirmation.
  • Extract data from scanned loan applications and initiate approval workflows.

How secure is OCR Space data when processed through Latenode?

Latenode employs robust encryption and security protocols to safeguard data processed by OCR Space, ensuring confidentiality and compliance.

Are there any limitations to the OCR Space and Paramount Acceptance integration on Latenode?

While the integration is powerful, there are certain limitations to be aware of:

  • The number of OCR requests per month depends on your OCR Space subscription.
  • Customization of the extracted data fields may require JavaScript coding.
  • Paramount Acceptance API rate limits may affect high-volume processing.

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