Formx.ai

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FormX.ai extracts data from documents into structured digital formats efficiently using advanced AI technologies.

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What is Formx.ai?

FormX.ai is an AI-powered solution aimed at streamlining data extraction from various types of documents, such as receipts, invoices, and ID cards. By leveraging cutting-edge technologies like OCR, Regex, and AI, FormX.ai converts physical document information into structured digital data efficiently. It offers a user-friendly platform with a low or no-code interface for configuring data extraction and integrating with existing software through an API. The tool returns extraction results in JSON format, making it easily usable for different business applications. FormX.ai is hosted on GCP and Azure cloud, ensuring secure data processing. The accuracy of receipt extractions varies based on factors, with general fields like date, time, and amount achieving accuracies over 90% for images of good quality. Latency for receipt processing typically ranges from 4 to 8 seconds, excluding image uploading time. FormX.ai also offers tailored plans for enterprises, volume discounts, and different SLA options.

Who created Formx.ai?

FormX.ai was created by a team of individuals behind the company. The tool offers seamless data extraction from various documents using OCR, Regex, and AI technologies. Hosted on GCP and Azure cloud, it ensures secure data processing with a focus on accuracy and efficiency. The platform is user-friendly, featuring a web portal for easy configuration and integration through APIs. Additionally, FormX.ai provides mobile scanning capabilities for enhanced accuracy on scanned documents.

What is Formx.ai used for?

Seamless and accurate data extraction from various documents
Transforming information from physical documents like receipts, invoices, and ID cards into structured digital data
Supporting a wide array of document types including business certificates, HR forms, and bank statements
User-friendly low or no-code platform through its web portal
Integration into existing software using its API-based solution
Returning extraction results in JSON format
Mobile phone scanning feature for on-the-go data extraction
Trusted and utilized by various sectors for automating document digitization
Enhancing accuracy for documents scanned with mobile devices
Managing data extraction features and configurations with ease via the user-friendly web portal
Managing business certificates and handling HR forms and bank statements
Offering a low or no-code platform through its web portal for managing parsing configurations
Integrating FormX into existing software using its API-based solution
Returning results in JSON format, ideal for various business applications
Mobile phone scanning feature with image optimization techniques for high accuracy data extraction
Supports a wide array of document types, catering to diverse business needs
Trusted and utilized by various sectors for automating the digitization of documents
User-friendly design and developer-friendly platform for ease of use
Efficiently transforming information from physical documents like receipts, invoices, and ID cards into structured digital data
Managing business certificates, HR forms, and bank statements
Offering a low or no-code platform through its web portal for managing parsing configurations and integration into existing software
Returning results in JSON format for easy integration with various business applications
Supporting a wide array of document types
Providing a mobile phone scanning feature for accurate on-the-go data extraction
Trusted and utilized by various sectors for document digitization
Utilizing OCR, Regex, and AI technologies for robust data extraction
Maintaining user-friendly web portal for managing data extraction features
Seamless and accurate data extraction from various documents like receipts, invoices, and ID cards
Support for a wide array of document types including business certificates, HR forms, and bank statements
User-friendly web portal for managing parsing configurations and integrating into existing software
Efficient transformation of physical documents into structured digital data using OCR, Regex, and AI technologies
API-based solution providing extraction data in JSON format for easy integration
Optimization for mobile scanning to enhance accuracy for on-the-go data extraction
Robust extraction methods through OCR, Regex, and AI to convert physical documents to digital data
Support for multiple document types such as invoices and ID cards
Enhanced accuracy for documents scanned with mobile devices
Seamless and accurate data extraction from various documents including receipts, invoices, and ID cards
Supports a wide array of document types catering to diverse business needs
User-friendly, low or no-code platform through a web portal for managing parsing configurations and integration
Returns extraction results in JSON format ideal for various business applications
Mobile phone scanning feature for high accuracy on-the-go data extraction
Robust extraction methods using OCR, Regex, and AI technologies
Optimization for mobile scanning enhancing accuracy for documents from mobile devices
Enhances efficiency by boosting API integration into existing systems
Ensures data security and compliance with high standards and relevant regulations

Who is Formx.ai for?

Business Managers
HR Managers
Banking professionals
Business Certificates Managers
HR personnel
Finance professionals
Document managers
Developers
Business professionals
Data scientists
Engineers
Accountants
Human Resources professionals
Security analysts
Software developers
Data Entry Specialists
ERP system users
Human Resources Managers
Business certificates management
HR forms handling
Bank statements management

How to use Formx.ai?

FormX.ai is a powerful tool for streamlining data extraction from various documents using OCR, Regex, and AI technologies. Here is a guide on how to use FormX.ai effectively:

Document Types: FormX.ai supports a wide range of document types including receipts, invoices, ID cards, HR forms, and more.
API Integration: Seamlessly integrate FormX.ai into your software using its API-based solution to retrieve data in JSON format, enabling easy integration into various business applications.
Accuracy and Latency: The accuracy of extraction varies based on image quality but generally reaches at least 70%. The latency for receipt processing is typically 4-8 seconds, excluding image uploading time.
Security: FormX.ai ensures data security and compliance with high standards, providing peace of mind for users.
Customization: For enterprise clients, tailored SLAs and volume discounts are available, along with the option for private cloud deployment.
Mobile Scanning: The mobile scanning feature optimizes image quality for accurate data extraction on-the-go.
User-Friendly Interface: Utilize the user-friendly web portal for managing parsing configurations and effortlessly incorporating FormX.ai into your workflow.
Pricing: Request a personalized quote to explore pricing options based on your document processing needs.

By following these steps, users can leverage FormX.ai's capabilities to automate data extraction, enhance efficiency, and unlock the potential of their documents for business success.

Pros

OCR Regex and AI: Robust extraction methods to convert physical documents to digital data.
Supports Multiple Document Types: From invoices to ID cards the tool handles various document formats.
API-Based Results in JSON: Get extraction data in a structured format that's easy to integrate.
Optimization for Mobile Scanning: Enhances accuracy for documents scanned with mobile devices.
User-Friendly Web Portal: Manage data extraction features and configurations with ease.
OCR Regex and AI: Robust extraction methods to convert physical documents to digital data
Supports Multiple Document Types: From invoices to ID cards the tool handles various document formats
API-Based Results in JSON: Get extraction data in a structured format that's easy to integrate
Optimization for Mobile Scanning: Enhances accuracy for documents scanned with mobile devices
User-Friendly Web Portal: Manage data extraction features and configurations with ease
Robust extraction methods to convert physical documents to digital data
Handles various document formats
Get extraction data in a structured format that's easy to integrate
Enhances accuracy for documents scanned with mobile devices
Manage data extraction features and configurations with ease

Cons

No cons or negative aspects of using FormX.ai were mentioned in the documents provided.
No cons or missing features were identified in the provided documents.
Some missing features such as lack of detailed information on cons and limitations of FormX.ai compared to other AI tools in the industry
Limited information on pricing and value justification when compared to other AI tools in the industry
The pricing can be high, with an estimated monthly cost of $3820, which may not be affordable for all businesses
The AI models are pre-trained, but there may be limitations in handling more intricate or specialized documents
The tool may lack certain advanced features compared to other AI tools in the industry, such as custom builder options for handling complex documents
The website experienced some errors like 404 pages, which could indicate potential technical issues
Limited cons information available in the provided files.

Pros

Cons

OCR Regex and AI: Robust extraction methods to convert physical documents to digital data.
Supports Multiple Document Types: From invoices to ID cards the tool handles various document formats.
API-Based Results in JSON: Get extraction data in a structured format that's easy to integrate.
Optimization for Mobile Scanning: Enhances accuracy for documents scanned with mobile devices.
User-Friendly Web Portal: Manage data extraction features and configurations with ease.
OCR Regex and AI: Robust extraction methods to convert physical documents to digital data
Supports Multiple Document Types: From invoices to ID cards the tool handles various document formats
API-Based Results in JSON: Get extraction data in a structured format that's easy to integrate
Optimization for Mobile Scanning: Enhances accuracy for documents scanned with mobile devices
User-Friendly Web Portal: Manage data extraction features and configurations with ease
Robust extraction methods to convert physical documents to digital data
Handles various document formats
Get extraction data in a structured format that's easy to integrate
Enhances accuracy for documents scanned with mobile devices
Manage data extraction features and configurations with ease

No cons or negative aspects of using FormX.ai were mentioned in the documents provided.
No cons or missing features were identified in the provided documents.
Some missing features such as lack of detailed information on cons and limitations of FormX.ai compared to other AI tools in the industry
Limited information on pricing and value justification when compared to other AI tools in the industry
The pricing can be high, with an estimated monthly cost of $3820, which may not be affordable for all businesses
The AI models are pre-trained, but there may be limitations in handling more intricate or specialized documents
The tool may lack certain advanced features compared to other AI tools in the industry, such as custom builder options for handling complex documents
The website experienced some errors like 404 pages, which could indicate potential technical issues
Limited cons information available in the provided files.

Formx.ai FAQs

Do you offer volume discount or private cloud deployment?: Yes, we work with enterprises to customize the plan that suits their needs. Please contact us!

May I have a different SLA on latency and throughput of the API calls?: Yes! We provide tailor-made SLA commitment for Enterprise Clients, please contact us!

Where do you host FormX.ai and process the data?: FormX.ai is hosted on GCP and Azure cloud.

What is the accuracy for receipt extractions?: Accuracy rate depends on various factors, but most clients have at least 70% accuracy by fields. For high-quality images, accuracies over 90% can be achieved.

What are the latency for receipt processing?: Usually, it is 4 - 8 seconds, excluding the image uploading time.

Do you save or encrypt any uploaded document?: We only save the master document uploaded to our web portal or for training custom models. Any images uploaded via API or web portal test are in memory only and disposed once extraction is done.