FormX.ai

AI-Powered Document Data Extraction and Workflow Automation

Freemium

Description

FormX.ai provides an AI-powered solution for intelligent document processing (IDP), designed to automate data extraction from a wide variety of documents. The platform uses advanced Optical Character Recognition (OCR) and Large Language Model (LLM) technology to accurately capture information from sources such as invoices, receipts, bank statements, ID cards, contracts, and custom forms. It aims to eliminate manual data entry, reduce errors, and accelerate business processes across different departments.

The system offers both pre-built extractors for common document types and the ability to create custom extractors tailored to specific needs. FormX.ai emphasizes continuous learning, allowing models to improve accuracy over time based on production data and user feedback. Integration capabilities are central to the platform, featuring a robust API for connecting with existing systems like CRMs and ERPs, alongside integrations with tools like Zapier and N8N. Security is addressed through ISO 27001 and SoC 2 Type II compliance, ensuring data is handled securely. Mobile SDKs are also available for capturing documents on the go.

Key Features

Intelligent Document Processing: Automate data extraction from any document type using AI.
OCR Technology: Extract text accurately from PDFs and images.
Custom & Pre-built Extractors: Use ready-made models or build custom ones for specific documents.
API Integration: Seamlessly connect with existing workflows, CRMs, ERPs, Zapier, and N8N.
LLM Integration: Leverage large language models with guardrails for enhanced accuracy and stability.
Continuous Accuracy Improvement: Models learn and improve based on real-world production data and feedback.
Document Workspace: Centralized platform to manage and streamline document workflows.
Mobile SDK: Capture and extract data from documents using mobile devices.
Security Compliance: Adheres to ISO 27001 and SoC 2 Type II standards.
Format Conversion: Convert extracted data to JSON, Excel, CSV, or XML.

Use Cases

Automated Invoice Processing
Receipt Data Extraction for Expense Management
ID Card Verification and Data Capture
Contract Data Analysis and Management
Bank Statement Data Extraction
Automating HR Onboarding Documentation
Streamlining Logistics Paperwork (e.g., Bill of Lading)
Processing Medical Receipts and Claims
Automated Data Entry for Bookkeeping
Customer Support Ticket Data Extraction

Frequently Asked Questions

What does the free trial include?

Your first 100 document extractions via the web portal or API are free to allow you to test FormX.ai.

Is uploaded document data saved or encrypted?

Only master documents uploaded to the web portal or for custom model training are saved. Documents uploaded via API or web portal test are processed in-memory and disposed of afterward. Data is not used for model optimization unless requested. All API calls use HTTPS encryption.

Are volume discounts or private cloud deployments available?

Yes, FormX.ai works with enterprises to customize plans, including volume discounts and private cloud options. You need to contact their sales team for details.

Where is FormX.ai hosted and data processed?

FormX.ai is hosted on GCP (Google Cloud Platform) and Azure cloud.

What is the typical accuracy for receipt extraction?

Accuracy depends on various factors, including image quality. Clients typically see at least 70% accuracy by field. For good quality images, general fields like date, time, and amount can exceed 90% accuracy. You can contact FormX.ai with samples for a specific accuracy report.