KMWorld Names Parascript FormXtra Trend-Setting Product

KMWorld names Parascript’s FormXtra in its Trend-Setting Product for 2015 List following careful consideration of over 200 vendors and 1,000 separate product offerings.

Established in 2003, KMWorld has been publishing the Trend-Setting Products list annually for its KMWorld audience to ensure that they are apprised of the latest products that may prove useful in improving many areas of their business processes including document management.

“In each and every case, the thoughtfulness and elegance of the software certainly warrants deep examination. Depending on customer needs, the products on the list can dramatically boost organizational performance,” said KMWorld Editor-in-Chief Hugh McKellar, speaking on behalf of the judging panel. “The products identified fulfill the ultimate goal of knowledge management—delivering the right information to the right people at the right time.”

KMWorld places heavy emphasis on the importance of designing products with a clear understanding of the customers’ needs. Parascript FormXtra Capture is easy to use and provides a standalone solution for document classification, data location, extraction, and validation. It locates, extracts, and validates any type of information in the document including machine print, table data, images such as logos, signatures, and all forms of handwriting—constrained and unconstrained handprint and cursive. The solution has built-in capabilities to process many different types of documents such as invoices and remittances, receipts, health forms, and checks in variable formats.

The judging panelists included editorial colleagues, market and technology analysts, KM theoreticians, practitioners, customers, and a select few end users from a variety of disciplines.

“We are honored to have our FormXtra Capture platform named by KMWorld as a 2015 trend-setter,” said Mark Gallagher, VP of Sales at Parascript. “Making the final list is a testament to our innovative platform and exceptional design since the judges come from every part of the industry and evaluated so many products.”

About KMWorld

KMWorld is the leading information provider serving the Knowledge Management systems market and covers the latest in Content, Document and Knowledge Management, informing more than 30,000 subscribers about the components and processes—and subsequent success stories—that together offer solutions for improving business performance. KMWorld is a publishing unit of Information Today, Inc.

About Parascript, LLC

Parascript automates the extraction of meaningful, contextual data from image and document-based information to support transactions, information governance, fraud prevention, and business processes. Parascript software processes any document with any data from any source with its easy-to-use, image-based analysis, classification, data location, and extraction technology. More than 100 billion documents for financial services, government organizations, and the healthcare and life sciences industry are analyzed annually by Parascript software. Our OEM and value-added reseller network partners integrate and distribute Parascript software in the US and across the world. Visit Parascript online.