After researching available solutions for a while, I came across this utility that seems to work well. It's $200/server. VeryDoc's utility does not rely on any third party libraries (unlike other solutions) and it offers conversion between many formats. The available command line options:
C:\>ps2img.exe
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Description:
Convert PS (Postscript) and EPS to TIF, TIFF, JPG, GIF, PNG, BMP, WMF, EMF, PCX, TGA, etc. formats
Usage: ps2img [options] <-i PS File> [-o Output]
-i [input PS] : Input PS filename
-o [output file]: Output TIFF filename
-g : Convert to 8-bit grayscale image file, this option is only available while bitcount equal 8 (-b 8)
-m : Set output to multi-page TIFF file, the default is output to single page TIFF files
-r [resolution] : Set resolution in generated image files
-r 300 : Set horizontal and vertical resolution to 300 DPI
-r 200x300 : Set horizontal and vertical resolution to 200x300 DPI
-r 204x98 : Set horizontal and vertical resolution to 204x98 DPI
-f [first Page] : First page to convert
-l [last Page] : Last page to convert
-c [compress] : Set compression method in generated image files (for tif only)
-c none : Create TIFF file without compression
-c lzw : Compress TIFF using LZW arithmetic
-c jpeg : Compress TIFF using JPEG arithmetic
-c packbits : Compress TIFF using packbits arithmetic
-c g3 : Compress TIFF using CCITT G3 arithmetic
-c g4 : Compress TIFF using CCITT G4 arithmetic
-c ClassF : Compress TIFF into Fax compatible ClassF 204x98 format
-c ClassF196: Compress TIFF into Fax compatible ClassF 204x196 format
-q [quality] : Set quality in created image files (for jpeg image only)
-b [bit count] : Set bit count in generated image files
-? : Help
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Example:
ps2img -i C:\input.ps -o C:\output.tif
ps2img -i C:\input.eps -o C:\output.tif
ps2img -m -i C:\input.ps -o C:\output.tif
ps2img -c lzw -i C:\input.ps -o C:\output.tif
ps2img -q 80 -i C:\input.ps -o C:\output.jpg
ps2img -b 4 -i C:\input.ps -o C:\output.tif
ps2img -i C:\input.ps -o C:\output.tif -b 1 -c ClassF -r 204x98 -m
ps2img -f 1 -l 9 C:\input.ps -o C:\output.jpg
ps2img -i C:\*.ps -o C:\*.pcx
One alternative, ImageMagick (free) + GhostScript is reportedly expensive at $32,000+/year + a $5,000 setup fee.