Parascript’s Intelligent Document Processing Solution, formxtra.AI 8.4, Introduces Significant Improvements When Automating the Extraction of Complex Data.

By AIT News Desk On Feb 1, 2023

Parascript, a software company with more than 25 years of experience in data extraction, has released a new version of its Intelligent Document Processing (IDP) solution, FormXtra.AI 8.4. This new version adds multi-language support for content-free handwriting recognition in French, German, Spanish, and Portuguese; nested tables support for better recognition and extraction of data in complex tables; and significant improvements to full-page intelligent character recognition (ICR), trainable fields based on natural language processing (NLP) algorithms, and dynamic signature field location for unstructured documents.

“Version 8.4 is huge leap forward for FormXtra.AI. Our R&D team has implemented numerous improvements to increase accuracy and efficiency when automating data extraction from traditionally difficult documents to automate. We’re excited to see the levels of accuracy achievable with documents that include a combination of handwriting and machine print alongside complex tables.” – Dawn Wood, VP Sales.

FormXtra.AI is Parascript’s premier IDP software that builds upon the original FormXtra software by enhancing it with the most innovative trends and approaches that exist in deep learning and natural language processing. FormXtra.AI has high universality, which allows the software to classify and extract data in any type of document despite format, style of text, and complexity.

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Multi-language Support

FormXtra.AI 8.4 now provides context-free reading of any type of handwritten text for a broader range of Latin and Cyrillic-based languages than ever before. Vocabulary-free data extraction is now available for documents written in English, French, German, Russian, Spanish, and Portuguese.

Automating the extraction of a full page of handwritten and machine-printed data at high accuracy levels is complicated, but now, this complex automation task is more accessible than ever before. In FormXtra.AI 8.4, the Parascript development team has improved its proprietary ICR technology to achieve better performance when recognizing and extracting full-page data. This full-page extraction capability is complemented by artificial intelligence for improvements to accuracy over time.

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