India-headquartered Newgen Software has launched OmniXtract 3.0, an enhanced version of its intelligent data extraction software that helps enterprises make better decisions.

This latest version leverages intelligent technologies to extract critical data from paper and digital documents, and offers enhanced reporting and visualisation capabilities. It also collects documents of various design layouts and formats from disparate sources for extraction.

Supporting on-premise and cloud-based third-party extraction engines, the solution comes with pre-configured document types for common use cases to enable quick implementations.

Supports various extraction technologies

Newgen OmniXtract supports a wide array of extraction technologies, including guided intelligent character recognition, optical mark recognition, optical character recognition, barcode, and magnetic ink character recognition. It also enhances accuracy through continuous learning from previously processed documents.

“Organisations can easily extract information from a large volume of documents across various business processes, enabling smarter decision-making, enhancing operational efficiency, and reducing errors,” said Diwakar Nigam, Managing Director and Chairman of Newgen Software.