Document Automation for Classification, Data Location, Extraction & Validation
FormXtra.AI is the best intelligent OCR software built for enterprises that have high-volume, complex document processing needs.
Unstructured Handwriting Extraction
Automatically locates handwritten keywords
Dynamic Signature Matching
Locates, verifies & matches signatures
Integrated Check Recognition
Process checks within a stream of documents
Integrated Address Recognition
Inbound mail and document automation
High Performance, Extendable API
Automatically configures rules and learns to improve performance
Pre-Defined Form Modules
Rapid and easy deployment
What Is OCR And How Is It Different From Intelligent Capture?
Optical Character Recognition (OCR) is regularly confused with intelligent capture since OCR is a requirement for most paper document automation processes. OCR converts images of text into machine-readable text, and this text can then be manipulated or used in a database. However, this technology on its own has limitations. If you need to find and extract specific data from paper documents, most OCR software lacks the necessary functionality.
Intelligent Capture takes the text read using OCR and interprets it with the goal of automating some or all of the data entry process. The entire workflow typically includes information ingestion, image handling and optimization, document classification, document separation, data location and extraction, and data validation. In reality, OCR likely represents only 10% of the document interpretation process.
Parascript is an established innovator of AI solutions for complex document processing automation problems. Our software processes over 100 billion documents annually with savings of over $1B each year. While many businesses have relied on basic OCR software for their document processing needs, we realized these businesses needed a better solution. Using state-of-the-art handwriting and machine print recognition, our products are able to read with high accuracy, extract data reliably, and organize documents with precision. Through the addition of Smart Learning technology, configuration and deployment can take hours instead of months and the system continues to improve and adapt in the background.
What Are Parascript's Intelligent Capture Solutions?
FormXtra.AI is Parascript’s flagship document automation software. It accurately and reliably extracts both handwriting and machine printed text, resulting in reduced need for manual review and high levels of straight-through-processing. From poor quality faced forms to complex unstructured contracts, if it exists on a document, FormXtra.AI can analyze it an automate it.
FormXtra.AI significantly reduces the complexity and costs associated with document classification and data extraction through a Smart Learning system that automatically configures rules and learns by itself in order to improve performance. Take advantage of Parascript’s Intelligent Document Processing system, FormXtra.AI, and request a demo today.