Datafinity Announces New Low-cost Forms Processing Solution

Online, February 25, 2011 (Newswire.com) - Datafinity has announced the release of PSI:Capture 4.0. This major new version has over 100 new features, including a new industry-leading OCR/ICR engine from Open Text with multi-language support, forms recognition, auto redaction and enhancements to its powerful advanced data extraction (ADE) technology.

The new ICR (Intelligent Character Recognition) engine allows hand printed text to be captured from any number of zones on a document making it perfect for forms processing and data capture. PSI:Capture 4.0 can now be used for any forms processing application, whether it contains hand printed or machine printed text, check boxes or 1D/2D barcodes. ICR accuracy is greatly enhanced by advanced features such as software colour drop-out, reducing manual data entry by as much as 90%.

Forms processing technology is being used by more and more companies to reduce the manual effort of keying data from paper into business systems. Applications for this technology include sales orders, satisfaction surveys, account applications, insurance claims, expenses claims, timesheets, HR records and many others. Until now automated forms processing has been priced out of the reach of small to medium sized business.

"Since the release of PSI:Capture 4.0 we've had great interest from companies of various sizes and industries, including retail mail order, local government and the NHS", says Andy Dawson, Managing Director at Datafinity. "With this powerful and competitively priced forms processing solution companies of all sizes can now achieve significant productivity gains and payback within 3 to 6 months". Dawson adds.