Ephesoft Transact 2022.1 adds Semantik AI Engine

Ephesoft, a provider of intelligent document processing, automation and data enrichment solutions has announced the next release of its IDP platform, Ephesoft Transact 2022.1. The new version of Transact features AI, computer vision, and deep learning neural network technology, named Semantik AI Engine, which powers data extraction from both known and unknown document types.

“The future of intelligent document automation lies within forming new ways of using AI to deliver the right data to our customers,” said Ike Kavas, founder and CEO at Ephesoft. “The ability to extract data from unknown document types means that users can now pull data from any document with no configuration. Clients can now find and access previously unknown data as well as accelerate hyperautomation through iPaaS and business intelligence systems. This will allow customers to easily expand their investment in Transact to new use cases in the cloud and on-premise with constantly improving AI models.”

According to Ephesoft, the new Semantik AI Engine in Transact enables document processing for unknown document types. This feature allows for document automation without the need to create a template, train the system or configure the solution. It can recognize any document type and identify key-value pair entities for any structured and semi-structured document type out-of-the-box.

Universal Document Automation:

• Processes unknown documents
• Automatically detects and extracts critical document data
• Data mines and opportunistically explores any data from any document without configuration
• Enables data extraction projects that would otherwise be too costly or time-prohibitive

Universal Document Automation is a new, additional approach to document extraction in Transact to serve specific use cases that include a large volume of unknown documents; its pre-trained model can be deployed both on-premises and in the cloud  and works with any Latin-based language. 

Another capability of the new Semantik AI Engine is the Document Design Accelerator, which, Ephesoft says, speeds up the process of building index fields and extraction rules for new, known document types. All that is needed is to supply a sample document to the Document Design Accelerator and it will analyze the content and automate the conventional process for enumerating index fields and creating extraction rules.

Ephesoft Transact 2022.1 is now available. For more information or to request a free trial, click here.