-- Parascript FormXtra.AI 8.3, using Smart Learning, turns complex, 
time-consuming, costly, and error-prone activities common with advanced capture 
into simple compute time.

Parascript, which has been delivering high-performing automation for over 25 
years and processing more than 100 billion documents annually, released today a 
new version of FormXtra.AI that again expands support for high performance IDP 
needs, this time to truly unstructured data such as contracts and other 
text-heavy documents that lack uniformity. 

"One of the needs that we've heard repeatedly from partners and customers alike 
is for the ability to automate analysis and extraction of data within 
unstructured documents such as what is common within lending documents and 
health records," said Greg Council, VP of Marketing & Product Management at 
Parascript.

With the 8.3 release of FormXtra.AI, Parascript adds trainable, 
grammatical-based text parsing using natural language processing (NLP) 
techniques to find needed information often buried within paragraphs of text. 
Since this capability is part of Smart Learning, customers benefit from the 
same significant reduction in configuration, optimization, and deployment. Here 
are a few highlights:

FormXtra.AI 8.3 is enhanced with capability to work with unstructured text and 
handwriting.
What is unstructured text? If you've ever seen an insurance policy or the fine 
print on your credit card agreement, you've seen unstructured information. 
These are the kinds of important information that do not have lend themselves 
to traditional data capture techniques using locations or keywords that could 
specify their location on a page or a document. Using new deep machine learning 
and NLP technologies as the basis, the customer simply marks target data on 
samples and the system does the rest. NLP algorithms automatically analyze 
provided examples, interpret the type and the context surrounding the target 
data, selects the optimal train scheme depending on the location type, value 
format and other properties of the target fields, and learns how to reliably 
locate similar data on documents. For users, this means that Parascript 
significantly expands the types of applications and the range of documents that 
can be processed using FormXtra.AI.

SignatureXpert.AI is fully integrated in and with FormXtra.AI 8.3.
SignatureXpert.AI is a next generation product based on the most innovative 
Artificial Intelligence (AI) methods and approaches in image analysis and 
pattern recognition and builds upon over 15 years of signature location and 
verification experience. This results in truly transformational, 
better-than-human precision automation for a variety of signature verification 
tasks. SignatureXpert.AI works with documents having a broad range of 
resolution (96dpi – 300dpi) and successfully locates target signatures on any 
type of document including those that have handwritten data besides the actual 
signatures. 

Other enhancements and improvements include:

    -- Added automatic page generation for documents with handwritten fields. 
       FormXtra.AI has a few capabilities that turn the arduous tasks of 
       configuring data extraction into something as easy as pressing a button. 
       The automated page generation functionality has now been expanded with 
       the capability of working with handwritten documents. Simply import the 
       page image samples and associated correct values of the target fields on 
       them - the software does the rest. 
    -- Added predefined documents, such as Canadian Invoices, to the Ready-to-
       Use definitions collection. This improves product usability and user-
       friendliness since it offers a fine-tuned ready-to-use solution for a 
       broadly used generic document type. 
    -- Improved and enhanced location and recognition capability for various 
       field types – Amount, Initials, Date, Credit Card Number, VIN Number, 
       etc. – so that efficiency and flexibility is improved when working with 
       these fields. These fields are not easy to locate and read because of 
       the variety in the formats, broad context, ambiguity when interpreted, 
       etc. Processing documents containing those fields may be quite 
       challenging because those have various forms of layouts, poor quality, 
       complex background, etc. 

About Parascript
Parascript sells not just software, we sell actual, verifiable results that 
save companies over $1B annually. Customers choose Parascript when they want to 
use applied AI to achieve an optimized data capture solution with the highest 
levels of reliable automation. Parascript has over three decades of experience 
applying AI to solve complex problems, automating document-oriented processes 
that involve over 100 billion documents each year. We have automated the postal 
industry, commercial mailrooms, government elections, payments, and hundreds of 
other processes. Visit Parascript ( 
https://c212.net/c/link/?t=0&l=en&o=3443174-3&h=2010534640&u=https%3A%2F%2Fwww.parascript.com%2F&a=Parascript 
).

Media Contact: 
Ariane Barragan, ariane.barragan@parascript.com, 720.731.3282

SOURCE Parascript, LLC