Ephesoft releases major updates to intelligent document processing platform

Editorial Type: News Date: 2021-09-02 Views: 358 Tags: Document, AI, Recognition, Software, Capture, Ephesoft, Transact
Features include advanced handwriting recognition and easy-to-use AI table rule builder

Ephesoft has released Transact version 2020.1.05, which boasts AI-enabled handwriting recognition capabilities and an intuitive table rule builder, enabling organisations to turn handwriting (both print and cursive) and tables into structured data in record time, at high accuracy.

Advanced handwriting recognition
Many organisations have to process large amounts of handwritten documents, from insurance claims and mortgage applications to customer complaints and government forms. Entering this data manually means long processing times, human errors and ultimately a competitive disadvantage.

Transact’s new handwriting recognition feature builds on the block printing/native Intelligent Character Recognition (ICR) and checkbox extraction tools launched last year, offering a highly reliable yet fast and easy way for users to extract handprint values from documents and automatically detect signature or checkbox filled areas. The technology reads both printed and cursive writing at an average accuracy of 88% out-of-the-box, even handwriting that is not easily legible by human review. Users can use a scanner, tablet, phone or other means to scan the document or form.

Easy-to-use AI table rule builder
The latest Transact release also adds a table rule builder, making the extraction of line-item details in tables easy to set up, even for non-technical resources. A new guided in-app configuration screen helps administrators identify line-item information to extract. Transact then automatically creates the extraction rules and applies them to any subsequent documents submitted by the same vendor. Users enjoy high flexibility and customisation options while taking advantage of intelligent automation.

"In our quest to free up valuable resources for high-value tasks and maximise enterprise productivity, Ephesoft continues to push the envelope of what’s possible in document processing automation," said Ike Kavas, founder and CEO of Ephesoft. "Our latest Transact features fully automate two of the most complex challenges in document automation: turning handwriting and printed tables into structured data. This will now be achievable in seconds, redefining our customers' speed of work."

Ephesoft Transact 2020.1.05 is competitively priced and is available to both new and existing Transact customers as an upgrade.