

Parascript FormXtra.AI and OpenText Capture are competing in the document capture and data extraction space. FormXtra.AI takes the lead in pricing and customer support, appealing to budget-conscious buyers, whereas OpenText Capture's comprehensive feature set may justify its higher price for those focused on capabilities.
Features: FormXtra.AI offers advanced handwriting recognition, robust machine-learning capabilities, and versatility across various document types. OpenText Capture provides extensive integration options, a broad range of document processing features, and strong adaptability for diverse document management tasks.
Ease of Deployment and Customer Service: FormXtra.AI features a streamlined deployment process and responsive customer service that focuses on client satisfaction. OpenText Capture involves a complex deployment process but benefits from a broad support framework that accommodates its extensive offerings.
Pricing and ROI: FormXtra.AI has a lower setup cost with strong ROI, maintaining affordability without losing essential features. OpenText Capture's higher initial cost leads to a potentially longer ROI, though its feature-rich nature justifies the investment for businesses requiring extensive document management capabilities.
| Product | Market Share (%) |
|---|---|
| OpenText Capture | 5.2% |
| Parascript FormXtra.AI | 0.8% |
| Other | 94.0% |
| Company Size | Count |
|---|---|
| Small Business | 2 |
| Large Enterprise | 6 |
OpenText Capture leverages machine learning for effective document extraction and automated vendor invoice management, boasting powerful integration capabilities with CRM systems and an efficient OCR tool. Its platform supports API interaction for comprehensive document management.
OpenText Capture enhances document processing through accurate indexing with machine learning and efficient image capture via OCR, integrating data into systems like ECM and ERP. Users benefit from streamlined workflows, automating tasks such as extracting invoice data from scanned or emailed documents. Challenges include improving AI-driven document duplicate detection, OCR for lease abstraction, and the development of mobile capture features. Users seek a more user-friendly experience with lower licensing costs.
What are the key features of OpenText Capture?Industries rely on OpenText Capture for efficient document management in capturing vendor invoices and automating workflows. In real estate, OCR might be used for processing lease documents, streamlining property management. Finance sectors benefit from automated invoice handling, often integrating data with ERP systems for improved financial oversight.
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.
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