Transform How You Capture, Understand, and Automate Documents
We bring you the cutting edge of Intelligent Document Processing (IDP) with Parascript FormXtra.AI®, the leading solution for automating the capture and interpretation of data from complex, variable documents. Whether you need to extract data from structured forms, semi-structured invoices, or entirely unstructured correspondence, FormXtra.AI® delivers unparalleled speed, accuracy, and learning capability.
Why Choose FormXtra.AI®?
FormXtra.AI® redefines what’s possible with document automation by combining decades of machine learning expertise with continuous self-improvement capabilities. Its advanced AI learns directly from your live operations, no manual intervention required. This means you can achieve higher levels of automation with less configuration and a faster return on investment.
How It Works
CheckWashAlert.AI leverages Parascript’s advanced image analysis and machine learning capabilities to scrutinize every element of a check:
Modules
FormXtra.AI® includes a range of specialized modules, each designed to meet high-performance document processing needs out of the box. These modules enable advanced capabilities without lengthy custom development:
Form Automation
Automate your forms-based processes with the industry’s most accurate and trusted form data extraction. Parascript software provides the best available handwriting recognition and machine-print capture solution, delivering 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 world's largest repository of handwriting recognition. 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
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AI-Based Form Configuration
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Best Handwritten Data Extraction from Forms
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Verify Signature Authenticity
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Single-pass Extraction for Both Text & Handwritten Data
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Process Even the Messiest Data
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Deep Learning-based Handwriting Recognition
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 enables you to process large volumes of invoices in an unattended mode, delivering highly accurate and reliable results with automatic verification. This ensures significant time and cost savings.
Parascript addresses the high variability and complexity of invoices, so you don’t have to, providing reliable data results with comprehensive validation and invoice recognition solutions.
Address Blocks
Parascript utilizes the industry standard for locating address blocks, a technology employed by the USPS and many of the largest commercial mailers, providing greater precision compared to other solutions. With Parascript’s invoice capture software, addresses are identified and processed with the highest accuracy rates available.
Advanced Automated Classification
Use advanced content and visual classification to easily differentiate invoices from other supporting documents. This eliminates the need for manual document sorting, barcodes, or separator sheets. Each document can undergo processing within the same workflow using this classification method.
Header and Footer
Data common to invoice processing can be easily mined using deep learning algorithms, which significantly improve the accuracy of data extraction for header and footer information by over 80 percent. These can be automatically cross-validated with third-party systems to ensure precision.
Complex Table Data
One of the most important and complex aspects of an invoice is the line items for purchased goods. Parascript dynamically identifies the table, columns, and rows, extracting information systematically, column by column and row by row. This extracted data can then be utilized for database validation, helping to ensure the accuracy of invoice recognition.
Receipt Automation
Parascript FormXtra.AI for receipts provides the industry’s most accurate receipt data extraction solution, leveraging 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 common documents that contain valuable information, but this data is often collected manually or discarded daily due to the lack of automatic recognition and interpretation methods. Receipts can vary significantly in layout and content, and they often include handwritten information.
Reliable, Accurate Receipt Data Extraction
Extracting quality receipt data involves more than just OCR; it requires a thorough process for accuracy. Parascript uses artificial intelligence to precisely locate and extract data, ensuring reliable results. With decades of experience in check processing, Parascript offers the highest accuracy rates in the industry, so you can trust the data from your receipts.
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, reducing 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 CMS-1450 and 1500 forms are analyzed and refined to the quality of a drop-out ink form. This leaves only the data, eliminating the underlying form structure, and allows for 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's advanced document analysis can automatically identify the document and extract meaningful information from it. 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 offers pre-trained configurations for claims documents, with each field tuned and optimized to achieve a specific, statistically measured accuracy rate. FormXtra.AI enables organizations to verify only what is deemed inaccurate, allowing the majority of data to pass straight through.
Document Classification Automation
Form Automation
Parascript Document Classification software, utilizing a range of machine learning algorithms, efficiently classifies and separates your documents to support various 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 to differentiate documents based on the examples you provide. It can also organize documents within a single PDF or TIFF file without needing OCR for certain types, using visual elements or existing digital text instead. Even if you're unfamiliar with your documents, this software helps you organize them easily. Once classified, you can create simple workflows for metadata, enhancing the searchability and descriptiveness of your content.
Parascript's document classification automation significantly reduces the hundreds of hours typically spent on configuration and production workflows. By leveraging machine learning, it delivers superior results compared to other vendor classification solutions. While rules-based approaches are effective for a limited number of static document types, only learning-based automated classification can address more complex classification and separation needs. The Parascript Document Classification software eliminates the need for manual identification of first, middle, and last pages by automatically analyzing content and creating rules based on the classification output.
Key Benefits of Document Classification:
Automate Your Data Entry Process for More Accuracy & Faster Results
Document-based information is crucial for business processes, creating time and cost pressures as organizations strive to meet the evolving expectations of their customers. When manual processing fails, businesses often turn to document processing services for various document types, including scanned and faxed files. While these services can enhance efficiency and reduce costs, they often still require significant human intervention and lack strong learning capabilities.
Parascript's Document Processing utilizes smart learning to simplify complex, time-consuming, and error-prone tasks associated with advanced document capture, enabling streamlined processing for document classification and separation.