FormXtra.AI is an easy-to-use document classification, data location, extraction, and validation solution that uses Smart Learning (i.e., powered by machine learning) to reduce upfront and ongoing configuration to minutes instead of months. FormXtra.AI significantly reduces the complexity and costs associated with document classification and data extraction by automatically configuring image perfection, classification, and data extraction rules.
Once in production, this self-learning capture system also constantly learns by itself to improve performance. Maintaining ongoing system performance in dynamic production environments becomes effortless because automated sample curation and production Smart Learning enables FormXtra.AI to adapt to new changing streams of documents in the background. Instead, documents are processed without any danger of performance degradation.
Tromba Technologies has years of expertise in helping organizations with Intelligent Document Processing. Parascript creates best-in-class AI software that streamlines access to your data with unequaled precision.
Over the years, Parascript has been established as a trusted provider of state-of-the-art solutions in cognitive computing, applying computer vision and artificial intelligence to a number of markets. Parascript was the first to solve the cursive handwriting puzzle. Over the past 25 years, they’ve grown to be the source for applied artificial intelligence technologies for some of the largest postal services and other Global 2000 organizations. Start your automation journey today!
FormXtra.AI
Reseller and Solution Provider
Self-Learning Document Automation
Any Documents. Any Data. Any Format. Any Source.
FormXtra.AI automatically configures rules and learns by itself to improve performance. Tagged samples from your production processes are all you need to begin. FormXtra.AI monitors, collects, and analyzes production results to create a curated sample data set for adaptation and optimization.
Recognizes machine print (OCR), all forms of handwriting—constrained and unconstrained handprint and cursive handwriting (ICR), optical marks, and barcodes within the same user application and without complex rules or add-ons. It processes any document type—forms, checks, invoices, remittances, mail, and documents with variable formats and content.
FormXtra.AI Modules for Document Automation
Form Automation
Automate your forms-based processes with the industry’s most accurate and trusted form data extraction. Parascript software offers the best available handwriting recognition and machine-print capture solution with higher quality results than OCR form processing.
Parascript form automation leverages deep learning-based handwriting recognition developed over 25 years of industry research. The Parascript forms recognition software has been trained on the largest repository of handwriting recognition in the world. Parascript document automation achieves higher accuracy rates than humans. Parascript handwriting recognition software is used by the largest corporations to process billions of documents annually.
Benefits of Parascript Form Data Extraction & Automation:
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AI-Based Form Configuration
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Verify Signature Authenticity
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Best Handwritten Data Extraction from Forms
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Single-pass Extraction for Both Text & Handwritten Data
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Deep Learning-based Handwriting Recognition
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Process Even the Messiest Data
Invoice Automation
Parascript machine learning, template-less invoice recognition, organizes and simplifies your invoice processing while providing more accurate data extraction results. Parascipt's pre-tuned invoice capture software allows you to immediately process large volumes of invoices — in an unattended mode with highly accurate, reliable results with automatic verification —ensuring significant time and cost savings.
Parascript deals with the high variability and complexity of invoices so that you don’t have to, providing reliable data results with comprehensive validation and invoice recognition solutions.
Address Blocks:
Parascript leverages the industry standard in address block location technology used by the USPS and many of the largest commercial mailers, which is more precise than other solutions. Using Parascript invoice capture software, addresses are located and processed at the highest rates of accuracy available.
Advanced Automated Classification:
Use advanced content and visual classification to easily separate invoices from other supporting documents without manual document sorting, using bar codes or separator sheets. Using classification, each document can undergo its processing within the same workflow.
Header and Footer:
Data common to invoice processing is easily mined with deep learning algorithms that significantly improve data extraction accuracy of header and footer information by well over 80 percent. These can be automatically cross-validated with third-party systems to ensure precision.
Complex Table Data:
One of the most important parts of an invoice and the most complex are the line items of purchased goods. Parascript dynamically locates the table, columns, and rows, extracting information column-by-column and row-by-row. This data can then be used to perform database validation to verify invoice recognition accuracy further.
Receipt Automation
Parascript FormXtra.AI for receipts offers the industry’s most accurate receipt data extraction solution powered by artificial intelligence and machine learning. Parascript’s template-less document recognition solution enables organizations to easily classify and extract key data from all receipts, including handwritten tips and totals. More than 85% of receipt data can be extracted at accuracy rates greater than 95% using the Parascript FormXtra.AI for receipts.
Automate Receipt Processing & Data Entry:
Receipts are one of the most common documents used in everyday life. Valuable information on receipts is either collected through manual data entry or thrown out daily without a simple way to automatically recognize, capture, and interpret the data. Enormous quantities of receipts are produced that are highly variable in terms of both layout and types of data. Handwritten information is also often part of a receipt.
Reliable, Accurate Receipt Data Extraction:
Quality receipt data extraction is more than just running OCR on an image. To produce the most accurate results, Parascript leverages artificial intelligence to locate and extract the correct data all while ensuring accurate, high-quality results. Parascript built upon its decades of experience with check processing to provide the highest accuracy data processing rates in the industry. This means that you can be confident that the data you receive from your receipts is correct.
Claims Automation
Parascript claims document automation provides the industry’s highest level of performance, guaranteed. Solve the last mile that drags your claims processing down using advanced deep-learning automation from Parascript.
Medical Claims Processing:
Manually processing medical data can be incredibly time-consuming. Parascript’s advanced capture solution handles a mix of handwritten and machine-printed text with a high level of accuracy, and it reduces both data entry errors and the amount of information that requires manual entry. Designed for medical claims processing, Parascript’s FormXtra.AI software can help you reduce costs and increase efficiency.
Solve the Fax Problem & Bring Bitonal Claims into the Fold:
With Parascript Virtual Drop-out, powered by deep learning neural networks, poor quality faxed CMS1450 and 1500 forms are analyzed and perfected to the quality of a drop-out ink form. This leaves only the data and eliminates the underlying form structure, allowing straight-through automation rates of as high as 90%.
Handle Attachments in a Breeze:
For claims accompanied by attachments such as correspondence or other documentation, Parascript advanced document analysis can automatically identify the document and make sense of the information within. It can even transcribe handwritten information pages into structured, machine-readable data to aid with either auto-adjudication or manual review.
True Unattended Automation:
Unlike other claims recognition solutions, FormXtra.AI provides pre-trained configurations for claims documents for which each field is tuned and optimized to achieve a specific statistically measured accuracy rate. FormXtra.AI enables organizations only to verify what is deemed inaccurate, allowing the majority of data to pass straight through.
Document Classification Automation
Parascript Document Classification software, using a variety of machine learning algorithms, easily classifies and separates your documents to support a variety of business needs including customer service, compliance, discovery and data management applications. Our software eliminates manual processes and provides immediate access to your document data
Document Classification Made Easy
Parascript Document Classification software automatically learns the key features that can be used to reliably identify one document from another based on examples of your documents, which is all you need to provide. It also learns how to separate your documents within a single PDF or TIFF file. For some document types, there is no need for OCR. Our Document Classification software uses visual elements or existing digital text instead. Even if you don’t know anything about your volumes of documents, you can automatically organize them using Parascript Document Classification software. Once they are classified, it is easy to create simple workflows for metadata and even use the data within your documents to ensure more descriptive, searchable data.
Parascript's document classification automation reduces hundreds of work hours associated with configuration and production workflows and produces superior results to other vendor classification solutions by leveraging machine learning. While rules-based approaches are useful for a few static document types, only learning-based automated classification offers a solution for more complex classification and separation needs. Parascript Document Classification software removes any need to manually identify first, middle, and last pages since it analyzes the output of content classification to detect and create rules automatically.
Key Benefits of Document Classification:
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Accelerated Workflows at Lower Cost: Improve the customer experience and throughput rate of your classification-heavy processes without increasing costs.
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Compliance: Easily and comprehensively scan documents for any type of sensitive information. Once identified, the software can even redact the information.
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Discovery: Automate the process of grouping documents and use this information to process an entire volume of documents to support legal or compliance needs.
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Migration: Take collections of documents and easily organize, extract, and apply key metadata to simplify and organize documents into a content management system.
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Reduce ROT (Redundancy, Obsolete, Trivial): Identify duplicate documents and documents that don’t need to be preserved and easily remove them.
Dynamic Document Sorting
Allows identification of document boundaries within a batch, regardless of order and without the use of separator sheets or barcodes. FormXtra.AI dramatically simplifies batch processing of mixed documents such as those that form a business transaction such as a mortgage application that requires additional documents.
Data Validation and Security
Creates efficient data validation workflows that are document-centric or field-centric. It allows users to set validation rules ranging from basic to advanced double blind for auditing and correction to ensure the highest data quality. The software enables transaction-based validation of just a single field or a snippet of data within a document to protect the privacy of sensitive information such as social security numbers.
REST Services
Enables simple integration with other systems through a series of REST services that allow loose or tight coupling of document automation to other systems.
Intelligent Document Recognition (IDR)
Advanced Technology for increased productivity.
Streamlined Functionality
Delivers a streamlined, user-friendly, thin client interface and built-in testing with immediate results that enables users to manage complex workflows, performance monitoring and automation. This eliminates investment in multiple capture products, integrations, complex set up for testing and costly programming.
SharePoint Integration
Adds flexible, easy-to-use forms and document capture for SharePoint. Supports everything from basic document capture all the way to sophisticated dynamic forms capture with support for handwritten information.
Dynamic Signature Location, Verification and Matching
Locate signatures on documents and verifies them against a reference signature database. Extract these signatures for creation of a signature database (i.e. on account applications). Supports legal, mortgage, healthcare, vote by mail and other compliance-based applications, such as KYC (Know Your Customer).
AIIM Research
Shedding light on the dark data in your document processes.
Automate Your Data Entry Process for More Accuracy & Faster Results
Document-based information is the foundation for many business processes, putting increased time and cost pressure as organizations attempt to meet ever-changing customer expectations. When manual document processing fails, businesses often turn to document processing services to manage all documents, whether scanned, faxed, or generated from applications. This is critical to maximize efficiency, adaptability, and the customer experience, all while reducing costs. Many of these services result in the same amount of human intervention with little to no learning capabilities. Parascript's Document Processing uses smart learning to turn complex, time consuming, costly, and error prone activities that are common with advanced capture into simple optimized configurations that enable straight through processing for document classification and separation.
