Formx.ai

What is Formx.ai?

FormX.ai is an AI-powered tool for extracting data from documents such as receipts, invoices, and ID cards. It combines OCR (Optical Character Recognition), Regex, and AI to turn information from physical documents into organized digital data.

The platform offers a low-code/no-code web portal for configuring extraction, plus API integration with existing software. Results are returned in JSON format for use in business applications. FormX.ai runs on GCP and Azure cloud platforms for secure data processing.

Performance

Receipt extraction accuracy depends on image quality, but for common fields like date, time, and amount, accuracy exceeds 90% with good quality images. Processing a receipt typically takes 4 to 8 seconds, excluding upload time.

What is Formx.ai used for?

• Extracting data from receipts, invoices, ID cards, business certificates, HR forms, and bank statements
• Converting physical documents into structured digital data via a low-code/no-code web portal
• Integrating extraction into existing software through its API, with JSON output
• Mobile scanning, which uses image optimization techniques to improve accuracy for documents captured on the go
• Automating document digitization across various sectors

Pricing

FormX.ai offers special plans for larger companies, including discounts for bulk usage and different service level agreements (SLAs).