LONGMONT, Colo., Feb. 1, 2023 /PRNewswire/ — Parascript, a software program firm with greater than 25 years of expertise in knowledge extraction, has launched a brand new model of its Intelligent Document Processing (IDP) answer, FormXtra.AI 8.4. This new model provides multi-language help for content-free handwriting recognition in French, German, Spanish, and Portuguese; nested tables help for higher recognition and extraction of knowledge in complex tables; and significant improvements to full-page clever character recognition (ICR), trainable fields based mostly on pure language processing (NLP) algorithms, and dynamic signature discipline location for unstructured paperwork.

“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.” – Daybreak Wooden, VP Gross sales.

FormXtra.AI is Parascript’s premier IDP software program that builds upon the unique FormXtra software program by enhancing it with the most modern traits and approaches that exist in deep studying and pure language processing. FormXtra.AI has excessive universality, which permits the software program to categorise and extract knowledge in any kind of doc regardless of format, fashion of textual content, and complexity.

Multi-language Assist

FormXtra.AI 8.4 now gives context-free studying of any kind of handwritten textual content for a broader vary of Latin and Cyrillic-based languages than ever earlier than. Vocabulary-free knowledge extraction is now out there for paperwork written in English, French, German, Russian, Spanish, and Portuguese.

Full-Web page ICR Improvements

Automating the extraction of a full web page of handwritten and machine-printed knowledge at excessive accuracy ranges is sophisticated, however now, this complex automation job is extra accessible than ever earlier than. In FormXtra.AI 8.4, the Parascript growth crew has improved its proprietary ICR expertise to attain higher efficiency when recognizing and extracting full-page knowledge. This full-page extraction functionality is complemented by synthetic intelligence for improvements to accuracy over time.

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Nested Tables Assist

This modern answer permits FormXtra.AI 8.4 to completely automate knowledge extraction from complex tables, together with tables with irregular construction and tables nested inside tables. It is able to use on any kind of doc (structured, semi-structured, and unstructured), and its extensive implementation capabilities make this characteristic a common functionality to be used in lots of functions and lots of industries.

Trainable Fields

FormXtra.AI 8.4 contains enhanced functionality when finding and extracting paragraphs of textual content in paperwork with that means much like the that means of paragraphs used for coaching. This functionality implements a proprietary method to NLP expertise that may be effectively educated on a restricted set of samples (3-50). Utilizing this NLP expertise, the software program can effectively remedy difficult duties corresponding to extracting key contractual phrases in a authorized doc, extracting named entities in unstructured paperwork, finding paragraphs associated to the authorized description of property inside contracts, present sentiment evaluation, and rather more.


Parascript’s software program saves firms over $1 billion yearly. Parascript state-of-the-art software program incorporates proprietary AI applied sciences to supply strong knowledge seize options that convey the highest ranges of accuracy when processing paperwork. With over three a long time of expertise making use of AI to resolve complex issues, Parascript can automate document-oriented processes in structured, semi-structured, and unstructured codecs, drastically lowering human involvement. Parascript has automated the postal trade, mortgage, cost processing, and a whole bunch of different processes.

CONTACT: Maria Komiyama, maria.komiyama@parascript.com


SOURCE Parascript, LLC

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The Obsessed Guy
Hi, I'm The Obsessed Guy and I am passionate about artificial intelligence. I have spent years studying and working in the field, and I am fascinated by the potential of machine learning, deep learning, and natural language processing. I love exploring how these technologies are being used to solve real-world problems and am always eager to learn more. In my spare time, you can find me tinkering with neural networks and reading about the latest AI research.


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