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.

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Dynamic Classification

Automatically organize your documents to support compliance, discovery and data management.

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FormXtra.AI Smart Learning, auto-configuration software delivers the highest accuracy and STP rates.

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Data Extraction

Capture data types anywhere on the document, eliminating manual data entry and reducing costs.

Advanced Data Extraction

Parascript Smart Learning advanced capture software processes more documents faster, using fewer people with less errors. Beyond traditional OCR solutions, the system automatically configures rules and learns by itself in order to improve performance.

  • Increase ROI with document automation
  • Smart Learning software requires no specialized skills
  • Adapts to new documents and changes on-the-fly
  • 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

Common Questions

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.

Why Parascript?

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.

Request a Demo of Parascript Software