Everest Group PEAK Matrix™ for Intelligent Document Processing (IDP) Vendors 2020

Parascript—which supplies the digital workforce with machine learning-based document automation technology solutions that process over 100 billion documents annually—announced today that Everest Group, a leading consulting and research firm, named Parascript a Major Contender in its Intelligent Document Processing (IDP) products PEAK Matrix™ Assessment.

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“We have positioned Parascript as a Major Contender in Everest Group’s 2020 PEAK Matrix® for IDP software products due to a combination of factors including FormXtra.AI’s enterprise-friendly features, such as flexibility to add new fields and documents, configurable thresholds for extraction, and ability to add validation rules, including complex ones through scripting, which position it well for success,” according to Anil Vijayan, Vice President, Everest Group.

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Parascript FormXtra.AI provides a near-zero configuration solution capable of analyzing and classifying a wide variety of documents to support automation workflows and data extraction regardless of content type.

“We are very pleased to be recognized as a Major Contender by Everest Group. FormXtra.AI Smart Learning provides the broadest document and data type support in the industry,” said Greg Council, VP of Marketing and Product Management at Parascript. “FormXtra.AI provides our clients the ability to easily train and deploy automation capabilities or “skills” to perform a variety of document-oriented tasks enterprise-wide.”