SOURCE: Parchment Inc.

Parchment Inc.

November 05, 2013 07:00 ET

Parchment Launches First Reverse Transfer Platform

Parchment Paves the Way for States to Expand Degree Attainment by Connecting Four-Year Institutions to Community Colleges

SCOTTSDALE, AZ--(Marketwired - Nov 5, 2013) - Parchment, the leader in eTranscript exchange, released and is implementing a fully automatic, seamless reverse transfer degree platform for community colleges and four-year institutions.

For over ten years, Parchment has proven that exchanging transcripts electronically is easier, safe and saves money; over 30% of postsecondary schools in the US are Parchment Exchange members. Full automation with Parchment provides a secure, easy-to-use online transcript solution, and allows institutions to order, receive, send and print transcripts in any format or to any data standard. With close collaboration from registrars and admissions and enrollment officers at our member institutions, Parchment has continuously driven innovation in the market. Now, our fully automated solution has been optimized for reverse transfer.

Parchment empowers school administrators to analyze and use the data in electronic transcripts. In the case of reverse transfer, the eTranscript data exchanged between community colleges and four-year schools allows community college students who have earned credits at an in-state public university to automatically apply those credits toward earning an Associates degree at the community college. Reverse transfer initiatives increase achievement of academic credentials, improve opportunities and help meet employer needs. They are gaining traction across the US with significant funding support from organizations like Lumina Foundation.

"Reverse transfer initiatives support a national effort to track student credits wherever and whenever they earn them, and ensure learners receive the degree they earned. Parchment is proud to enable community colleges to use eTranscript data to help meet education attainment goals," said Matthew Pittinsky, PhD, CEO of Parchment.

Parchment is the only platform that optimizes the complete transcript ecosystem, including automatically sending and receiving eTranscripts, so it is particularly well suited to support community colleges. Parchment currently serves 225 community colleges across the U.S., and works with Central Arizona College (CAC) and Arizona State University (ASU) to fully automate the extensive course data that is exchanged between CAC and ASU for the ASU Pathways program, which guarantees admission and provides an efficient degree track.

About Parchment
Parchment is the leader in education credentials technology, allowing learners, educators and employers to collect, analyze and share credentials in simple and secure ways. More than 3 million people and 8,300 schools and universities have used Parchment to exchange more than 10 million transcripts and other credentials online. Founded in 2003, Parchment Inc. is headquartered in Scottsdale, AZ, with offices in Roseville, CA, Denver, CO, Grand Rapids, MI and Washington, DC.

Contact Information