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HyperScience vs Parascript FormXtra.AI comparison

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2,543 views|1,781 comparisons
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Featured Review
Buyer's Guide
Intelligent Document Processing (IDP)
June 2022
Find out what your peers are saying about ABBYY, WorkFusion, Automation Anywhere and others in Intelligent Document Processing (IDP). Updated: June 2022.
607,332 professionals have used our research since 2012.
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pricing and Cost Advice
  • "It is not the most expensive solution, but it is also not the cheapest."
  • "I can't speak to pricing. It's a contract signed by upper management."
  • "We are on an annual contract to use the solution."
  • "My client is using RPA Express, which is available for them to use free of charge."
  • "One upgrade took a year to do, from the first server being built to the last bot being migrated. This was because we had to migrate all our existing bots. This is the same process and time frame that we are expecting towards the upcoming upgrade. I will end up spending half a million dollars to do an upgrade."
  • "The solution was not the cheapest, but it was also not the most expensive. Workfusion was very open to negotiating pricing and to working within the objectives of our firm."
  • "As a first-time customer who wants to engage with WorkFusion, not working for my company, then I would want to do a PoC. The cost is prohibitive because they will ask me to get infrastructure with six or seven servers. Then, you must buy a WorkFusion license to do a PoC, which is expensive. I would then have to set up a team to build the PoC and see the benefits. That is very prohibitive."
  • "We have a good deal from WorkFusion. We have an unlimited global licensing deal with WorkFusion. For us, it is a no-worry solution. We can go ahead and use it as much as possible anywhere we need it. If WorkFusion has a different kind of a deal for licensing with others, then their business decisions need to be evaluated based on that."
  • More WorkFusion Pricing and Cost Advice →

  • "I think HyperScience is cheaper when compared to other tools. They also have a lifetime licensing option."
  • "The price of HyperScience is expensive, they charge approximately $1.50 per page. Most of the cloud vendors are providing around 50 cents per page."
  • More HyperScience Pricing and Cost Advice →

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    607,332 professionals have used our research since 2012.
    Questions from the Community
    Top Answer:A helpful feature is the analytics capability within WorkFusion. The analytics dashboards, i.e., their Tableau… more »
    Top Answer:The pricing is high. They should have a better pricing structure. It was not easy for me to try out WorkFusion… more »
    Top Answer:It is difficult for non-technical users to use WorkFusion. If we really want to build automation, we definitely need… more »
    Top Answer:One of the most valuable features of HyperScience is the user-training module. Whenever the extraction takes place… more »
    Top Answer:The price of HyperScience is expensive, they charge approximately $1.50 per page. Most of the cloud vendors are… more »
    Top Answer:No solution is perfect and there are several different scenarios that could be improved in HyperScience. One area is… more »
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    Enterprises in regulated industries, such as banking, financial services, and healthcare, leverage WorkFusion's Intelligent Automation platform to multiply operational capacity and streamline data- and document-intensive processes. As the only automation software provider with deep vertical expertise, WorkFusion offers pre-built solutions for your mission-critical processes, such as customer lifecycle management, insurance claims processing, or patient record management. Because of advanced AI and ML technologies including AutoML, Continuous Learning, Differential Privacy, and Federated Learning, WorkFusion’s solutions yield 95%+ out-of-the-box automation rates for various document types, including fully unstructured sources such as emails or news articles. 

    WorkFusion has been recognized as a Leader in both RPA and Intelligent Document Processing categories and has received the highest ranking for the "Augment Knowledge Workers" and "Document Processing" use cases by Gartner Critical Capabilities assessment.

    HyperScience is a cloud-based input-to-output platform that automates document-based workflows and extracts data for analysis from both physical and digital documents.

    The HyperScience platform simply integrates with your current business systems thanks to an open API, an intuitive UI, and pre-trained models, resulting in a totally automated digital workflow.

    The classic scanning paradigm has been reimagined by HyperScience; it has replaced the need for human verification with intelligent technology that learns as it goes. The solution automates previously manual operations using a simple model-based solution or from the ground up, saving time and resources that can be redirected to more strategic efforts. The platform has a minimum accuracy of 75% when it is first installed, but it can exceed 99% accuracy in a matter of weeks.

    With out-of-the-box and customizable tasks, workflows, and connectors, the solution automatically connects into your document workflows. HyperScience, which is powered by industry-leading machine learning, makes it simple to get from input to actionable data.

    HyperScience Benefits

    There are many benefits to implementing HyperScience. Some of the biggest advantages the solution offers include:

    • Automation: With automation, users can save 89% of the time they would have spent doing things the old way. Businesses are able to save money in this way.
    • Risk mitigation: The number of human errors can decrease by 67%. Users can benefit from straight-through processing at 94% with 99% data accuracy.
    • Speed: Some users see 75-95% automation out of the box and a 4-5x improvement in throughput.

    HyperScience Features

    HyperScience has many valuable key features. Some of the most useful ones include:

    • Simplify document processing: Convert unstructured text into actionable data that can be utilized to speed up and improve the accuracy of downstream processing. Set your target accuracy rates, and our machine will automate them using our patented machine learning technology.
    • Flow Studio: For your document-intensive tasks, pre-built or easily configurable corporate automation solutions are available. Flows, which are the organized execution of Blocks that represent your business processes, are put together to construct end-to-end solutions for certain use cases or industries. All Flows are displayed in HyperScience's Flow Studio, where end-to-end document processing solutions can quickly inspect and modify Flow and Block settings.
    • Blocks: The HyperScience Platform is built on modular Code Blocks. These help you to create the best document processing solution for your customers thanks to built-in machine learning. Code Blocks are components that can be developed and deployed by business users individually. Code Blocks help you to quickly assemble the workflows and processes that best meet your document processing needs.
    • Connectivity and integration: To ensure the accuracy of your retrieved data, the HyperScience platform readily connects to systems of record and other platforms. Integrate with other systems in your environment during document processing to leverage external data for further automation and decision-making.
    • Granular reporting: You can see exactly how your automation enhances the customer experience, which staff are the most efficient and consistent, and where bottlenecks in your document processing are, thanks to built-in, real-time reporting.
    • Human supervision: HyperScience equips humans with a streamlined task queue and easy-to-use interface designed to empower your teams, not slow them down.

    Reviews from Real Users

    HyperScience stands out among its competitors for a number of reasons. Two major ones are its robust user-training module and its accuracy with handwritten documents. PeerSpot users take note of the advantages of these features in their reviews:

    One PeerSpot reviewer, a Lead Analyst at a financial services firm, writes, “One of the most valuable features of HyperScience is the user-training module. Whenever the extraction takes place, based on the way we have trained HyperScience, it would give us some success status or a certain confidence level. If the solution has processed something that it determined was not extracted correctly it will queue those items for manual review.”

    Yogesh S., OCR Developer at a tech vendor, notes of the solution, “I like that compared to other tools, HyperScience works best with handwritten documents.” He adds, “We're automating invoices and some handwritten filled-out documents. We can automate with accuracy, and even though we used HyperScience initially for selling purposes and as a comparison tool, we're now getting these results with HyperScience.”

    Parascript FormXtra.AI SDK, intelligent document recognition, is an easy-to-use document classification, data location, extraction and validation solution. Our intelligent document recognition locates, extracts and validates any type of information from your documents including machine print, table data, images such as logos, signatures and all forms of handwriting—constrained and unconstrained handprint and cursive. This high performance SDK is a self-learning system that automatically configures rules and learns by itself in order to improve performance.

    Learn more about WorkFusion
    Learn more about HyperScience
    Learn more about Parascript FormXtra.AI
    Sample Customers
    Deutsche Bank, Scotiabank, Bank of Montreal, LPL Financial, Selective Insurance, HPE, Canadian Tire, Standard Bank, Humana, New York-Presbyterian, Houston Methodist, Six Financial  
    Hyperscience's customers are some of the top enterprises in the Insurance, Government, Financial Services, and Healthcare industries.
    IBM, Hp, BancTec, Siemens, Philips
    Top Industries
    Financial Services Firm50%
    Computer Software Company22%
    Manufacturing Company6%
    Recreational Facilities/Services Company6%
    Computer Software Company24%
    Comms Service Provider15%
    Financial Services Firm13%
    Insurance Company5%
    Computer Software Company25%
    Financial Services Firm13%
    Comms Service Provider10%
    Insurance Company9%
    Computer Software Company26%
    Financial Services Firm21%
    Comms Service Provider18%
    Company Size
    Small Business33%
    Large Enterprise67%
    Small Business17%
    Midsize Enterprise14%
    Large Enterprise69%
    Small Business19%
    Midsize Enterprise15%
    Large Enterprise67%
    Small Business16%
    Midsize Enterprise17%
    Large Enterprise67%
    Buyer's Guide
    Intelligent Document Processing (IDP)
    June 2022
    Find out what your peers are saying about ABBYY, WorkFusion, Automation Anywhere and others in Intelligent Document Processing (IDP). Updated: June 2022.
    607,332 professionals have used our research since 2012.

    HyperScience is ranked 5th in Intelligent Document Processing (IDP) with 3 reviews while Parascript FormXtra.AI is ranked 15th in Intelligent Document Processing (IDP). HyperScience is rated 7.4, while Parascript FormXtra.AI is rated 0.0. The top reviewer of HyperScience writes "Beneficial user-training module, reliable, and useful digital extractions". On the other hand, HyperScience is most compared with ABBYY FlexiCapture, UiPath, Kofax RPA, Infrrd OCR and IBM Robotic Process Automation (RPA), whereas Parascript FormXtra.AI is most compared with UiPath and ABBYY FlexiCapture.

    See our list of best Intelligent Document Processing (IDP) vendors and best Robotic Process Automation (RPA) vendors.

    We monitor all Intelligent Document Processing (IDP) reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. We validate each review for authenticity via cross-reference with LinkedIn, and personal follow-up with the reviewer when necessary.