Blog Posts Archive | Accusoft https://www.accusoft.com/resources/blog/ Content processing, conversion, and automation technologies Wed, 28 Feb 2024 20:48:30 +0000 en-US hourly 1 https://resource.accusoft.com/r01/wp-content/uploads/Accusoft-A-150x150.png Blog Posts Archive | Accusoft https://www.accusoft.com/resources/blog/ 32 32 The Future of Legal Data Management: AI-Driven PII Detection and Redaction https://www.accusoft.com/resources/blog/the-future-of-legal-data-management-ai-driven-pii-detection-and-redaction/ Wed, 28 Feb 2024 20:44:19 +0000 https://www.accusoft.com/?post_type=blog&p=14867   PII Detection and Redaction The landscape of legal content management is undergoing a transformative change, thanks to advancements in artificial intelligence (AI). Legal entities, burdened by the immense volumes of sensitive data they handle daily, are finding respite in AI-driven solutions for managing Personally Identifiable Information (PII). By leveraging the innovative benefits of AI-enabled […]

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PII Detection and Redaction

The landscape of legal content management is undergoing a transformative change, thanks to advancements in artificial intelligence (AI). Legal entities, burdened by the immense volumes of sensitive data they handle daily, are finding respite in AI-driven solutions for managing Personally Identifiable Information (PII).

By leveraging the innovative benefits of AI-enabled integrations, Independent Software Vendors (ISVs) can improve the case management, eDiscovery, and practice management software solutions they provide to law firms by securely identifying and redacting PII more efficiently than ever.

Navigating the Data Deluge with AI

Legal practices are inundated with vast quantities of PII, encompassing sensitive documents, client records, and case-related information. The manual management and protection of such extensive and intricate data pose a significant challenge.

AI technology is revolutionizing this process by automating the identification and categorization of PII within large datasets. This minimizes the risk of oversight or human error. Machine learning algorithms, integral to these AI systems, adapt to evolving data structures, ensuring comprehensive and up-to-date protection.

Ensuring Compliance with AI

Software applications used in the legal sector are tightly bound by various data protection regulations. Ensuring adherence to these complex and ever-evolving regulations is a daunting task for legal professionals.

AI solutions are adept at automating compliance checks, significantly reducing the burden on legal practices. These tools assist in adhering to the specific requirements of different data protection regulations, minimizing the risk of legal repercussions.

Revolutionizing Document Review and Redaction with AI

The manual review and redaction of sensitive information in legal documents are not only error-prone but also extremely time-consuming.

AI-powered tools are transforming this landscape by automatically identifying and redacting PII. This not only enhances accuracy and efficiency but also maintains the confidentiality of sensitive information.

Introducing PrizmDoc’s AI Capabilities

As we look towards the future, it’s exciting to introduce PrizmDoc’s new AI capabilities in identifying and flagging PII within documents. PrizmDoc’s AI stands out in its ability to identify sensitive or non-compliant content. Its functionality, accessible via APIs, enables the creation of workflow automations that are both efficient and secure.

Moreover, PrizmDoc offers user interface tools that extend AI functionality to end-users, making it more accessible and practical in everyday legal practice.

The Multifold Benefits of PrizmDoc AI for PII

Incorporating PrizmDoc’s AI capabilities into legal content management systems can lead to a multitude of benefits:

  • Reduced bottlenecks and faster decision-making processes.
  • Improved efficiency in handling and managing legal documents.
  • Enhanced data security, protecting sensitive client information.
  • Improved compliance with regulatory standards.
  • Overall enhancement in the quality and reliability of legal services.

The integration of AI in legal content management, especially with tools like PrizmDoc, is not just a step toward innovation; it’s a leap toward a more efficient, secure, and compliant legal practice. As technology continues to evolve, it’s clear that AI will play a crucial role in shaping the future of legal data management.

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Revolutionizing Financial Data Management with AI-Driven PII Protection https://www.accusoft.com/resources/blog/revolutionizing-financial-data-management-with-ai-driven-pii-protection/ Wed, 28 Feb 2024 20:32:18 +0000 https://www.accusoft.com/?post_type=blog&p=14863   In the finance industry, managing and securing Personally Identifiable Information (PII) is a task of paramount importance, given the stringent regulatory landscape and the vast volumes of sensitive customer data handled daily. The introduction of Artificial Intelligence (AI) in financial content management systems is a game-changer, offering a more efficient, secure, and compliant way […]

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In the finance industry, managing and securing Personally Identifiable Information (PII) is a task of paramount importance, given the stringent regulatory landscape and the vast volumes of sensitive customer data handled daily. The introduction of Artificial Intelligence (AI) in financial content management systems is a game-changer, offering a more efficient, secure, and compliant way of handling PII.

By utilizing AI-powered integrations, Independent Software Vendors (ISVs) and large financial institutions developing in-house solutions can transform the way their applications protect private information in the finance sector.

Tackling Regulatory Compliance with AI

The finance sector operates under a complex regulatory framework with compliance standards specifically tailored to the protection of PII. Traditional manual approaches to adhering to these regulations are not only time-consuming but also fraught with the potential for human error.

AI steps in as a crucial tool for ensuring compliance. By automating the process of compliance checks, AI reduces manual workload and minimizes the risk of non-compliance, thereby safeguarding financial institutions against potential legal and financial penalties.

Managing Massive Data Volumes

Financial institutions are custodians of enormous volumes of customer data. Manually identifying and securing every piece of PII in this vast data ocean is an uphill task.

Here, AI becomes indispensable. With its capacity to process and analyze large datasets efficiently, AI, through machine learning algorithms, can swiftly identify and categorize PII. This provides a scalable and accurate solution to manage and protect large volumes of financial data.

Securing PII in Complex Ecosystems

The finance industry relies on intricate, interconnected systems, with PII often being shared among various entities. Ensuring the security of this data across such a multifaceted ecosystem is challenging.

AI technologies offer a unified approach to PII protection. By implementing consistent security protocols across various financial systems, AI ensures a holistic and integrated strategy to safeguard sensitive information.

Introducing PrizmDoc’s AI Capabilities in Finance

As the finance industry evolves, it’s crucial to introduce innovative solutions like PrizmDoc’s new AI capabilities. Combined with PrizmDoc’s industry-leading redaction features, these automation tools stand at the forefront of identifying and flagging sensitive or non-compliant content within financial documents.

User Friendly Functionality

PrizmDoc’s AI functionalities are accessible via APIs, allowing for the creation of workflow automations that are both efficient and secure. Additionally, user interface tools extend AI functionality to end users, making it a practical tool in everyday financial operations.

Streamlined Workflows

Incorporating PrizmDoc’s AI into financial content management systems transforms the landscape of financial operations. This technology streamlines workflows, significantly reducing operational bottlenecks and paving the way for faster and more effective decision-making processes. Additionally, it significantly improves the efficiency of handling and managing financial documents.

Enhanced Security

A key aspect of PrizmDoc’s AI is its enhancement of data security, a critical factor in protecting sensitive customer information. This integration plays a pivotal role in ensuring improved compliance with regulatory standards, a vital requirement in the finance sector. Above all, it elevates the overall quality and reliability of financial services.

PrizmDoc AI Redaction Keeps PII Secure for Financial Applications 

The integration of AI in financial content management systems, especially with advanced tools like PrizmDoc, marks a substantial stride towards more efficient, secure, and compliant financial practices. As technological advancements continue at a rapid pace, the role of AI in reshaping the future of financial data management is becoming increasingly prominent and indispensable. By incorporating PrizmDoc’s AI capabilities into their FinTech applications, developers can manage documents more efficiently without putting PII at risk.

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Improving Government Applications with PrizmDoc Video Playback https://www.accusoft.com/resources/blog/improving-government-applications-with-prizmdoc-video-playback/ Wed, 08 Nov 2023 19:54:10 +0000 https://www.accusoft.com/?post_type=blog&p=14051 Video playback has become a fundamental feature in today’s applications, mirroring the shift in user tastes and the widespread presence of multimedia in our digital era. As the appetite for video content rises—spanning tutorials, entertainment, online lessons, marketing assets, and content created by users—applications that provide seamless and adaptive video playback resonate with these needs, […]

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Video playback has become a fundamental feature in today’s applications, mirroring the shift in user tastes and the widespread presence of multimedia in our digital era. As the appetite for video content rises—spanning tutorials, entertainment, online lessons, marketing assets, and content created by users—applications that provide seamless and adaptive video playback resonate with these needs, boosting user engagement and loyalty.

Additionally, video conveys intricate concepts effectively, resonates with those who are visual learners, and often elevates the user journey with a deeper, more engaging medium. Embedding powerful video playback capabilities can help applications stand out from the crowd, ensuring that they align with modern user demands and stay relevant in a video-driven digital environment.

Introducing PrizmDoc Video Playback

Recognizing the significance of video, the Accusoft engineering team has enhanced PrizmDoc with video playback capabilities. While PrizmDoc already smoothly integrates document viewing features into web applications, this latest addition empowers developers to seamlessly incorporate video features into their software. With PrizmDoc’s video playback, the days of hosting videos on external platforms or depending on poorly secured software plugins to embed videos are gone.

The new video playback feature augments PrizmDoc’s reputation for efficiency and top-tier performance, ensuring the delivery of premium video content with barely any processing delays and supporting a variety of file formats. Developers can effortlessly embed video playback using a straightforward API call, bypassing the need to construct intricate video functionality from the ground up.

Video Playback Benefits for Government Applications

Government agencies stand to gain substantially by integrating video playback capabilities into their applications’ document viewing systems. Here’s an in-depth look at the advantages this integration can bring:

Improved Communication and Collaboration

Incorporating video playback allows government agencies to revolutionize their documentation techniques, creating content that is not only captivating but also densely packed with essential information. This multimedia integration is advantageous in many ways: from presentations that need to capture the audience’s attention, to training modules that benefit from visual aids to ensure clearer understanding, to public service announcements where visuals can often communicate more effectively than words alone.

But the utility of videos extends beyond just the content. They serve as a dynamic conduit for enhanced communication, promoting more profound interactions. When government staff use videos, they open doors to a more direct and interactive dialogue with citizens and various stakeholders. This interactive platform, fostered by video content, encourages shared understanding and insights, catalyzing cooperative ventures. Moreover, it ensures that the core message of the agency is transmitted with clarity, reducing ambiguities and fostering trust between the government and its constituents. Videos are not just tools for information delivery but also instruments for building bridges and fostering collaborations.

Better Transparency and Oversight 

Government agencies can greatly enhance transparency and accountability in their operations by leveraging video playback in their applications. Recording committee sessions and admissible meetings ensures that even nuanced details of discussions are captured for future reference. For independent software vendors (ISVs) supporting the Freedom of Information Act (FOIA), integrating video playback into their applications provides an invaluable tool for their government customers. Agencies can monitor access to videos, ensuring that the integrity of video files is maintained while still making them available in accordance with FOIA requirements. 

More importantly, constituents who may not have the opportunity to attend meetings in person can still remain informed by viewing these video recordings. This fosters an environment of inclusivity and ensures that all citizens can be privy to government proceedings. Additionally, video integrations provide government agencies with detailed logs, allowing them to track file accesses, view detailed histories, and maintain a comprehensive understanding of the data’s interactions. This systematic organization not only aids in efficient operations but also upholds the tenets of transparency and accountability.

Enhanced Control

Providing access to recorded video content, though seemingly straightforward, brings with it a set of challenges, especially for government agencies. Unauthorized downloading or sharing of these recordings can jeopardize the integrity and security of the content. By embedding video playback functionalities directly within their applications, agencies gain a robust mechanism to regulate access, ensuring that only authorized users can view the content. The option to download files can be removed entirely, making it much easier to control how videos are viewed and shared.

More importantly, these integrations allow agencies to generate comprehensive audit trails, documenting every instance of access, and guaranteeing that the sanctity and confidentiality of the content are preserved. Many of these video files could hold sensitive or classified information, the distribution of which, without proper authorization, could have legal repercussions. Through strict controls on how these video files are accessed, viewed, and shared, government applications are better positioned to adhere to legal and regulatory stipulations, reinforcing data security and public trust.

Boosting Efficiency and Productivity

Video content can provide government personnel with a streamlined means to access crucial information. By offering data in an easily digestible visual and auditory format, videos facilitate quicker comprehension and thereby expedite decision-making processes. This ensures that government functions remain nimble and responsive in an ever-evolving landscape.

Beyond information dissemination, video playback can revolutionize operational tasks. Specifically, when it comes to onboarding new employees, standardized video training modules offer a consistent and efficient approach. These modules allow newcomers to familiarize themselves with institutional practices at their own pace, ensuring uniformity in training. Additionally, updates to reflect new policies or insights can be seamlessly integrated, making the training process both adaptable and up-to-date.

Augmented Transparency and Accountability

Videos provide a concrete and unambiguous record of governmental actions and decisions. This visual documentation brings greater clarity to operations, reducing misunderstandings and ensuring that agencies are held accountable for their actions. Providing video evidence helps to build trust, reinforcing that government agencies are operating transparently and in good faith.

Furthermore, modern video platforms offer more than just passive viewing experiences; they are interactive hubs that enable direct communication between the government and its citizens. Through these platforms, agencies can actively seek feedback, opinions, and suggestions from the public, ensuring that their policies and initiatives resonate with and address the genuine concerns of citizens. Video-enabled GovTech applications can also serve as continuous channels of information, allowing agencies to keep constituents regularly informed about new programs, updates, and changes, further solidifying the commitment to transparency and open governance.

Enhance GovTech Applications with PrizmDoc Video Playback

PrizmDoc’s new video playback feature offers numerous advantages for government applications. With this new capability, GovTech developers can help government agencies seamlessly integrate and access video content directly within their applications, removing the reliance on third-party platforms or external tools. Users ultimately benefit from a streamlined and integrated workflow, especially when drawing connections between official documents and relevant videos. By centralizing these functions and reducing associated expenses, GovTech software developers can focus their efforts and resources on other features, ensuring that their applications stay ahead in a continuously modernizing administrative environment.

To learn more about how PrizmDoc’s video playback feature can benefit your GovTech application, talk to one of Accusoft’s PrizmDoc specialists today.

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How PrizmDoc’s Video Playback Feature Enhances Legal Applications https://www.accusoft.com/resources/blog/how-prizmdocs-video-playback-feature-enhances-legal-applications/ Wed, 18 Oct 2023 20:38:50 +0000 https://www.accusoft.com/?post_type=blog&p=13947 Video playback has become an indispensable feature for today’s applications, reflecting the evolution of user preferences and the ubiquity of multimedia content in our digital age. As the consumption of video content surges, from tutorials, entertainment, and online courses to marketing materials and user-generated content, applications that offer smooth and versatile video playback capabilities cater […]

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How PrizmDoc’s Video Playback Feature Enhances Legal Applications

Video playback has become an indispensable feature for today’s applications, reflecting the evolution of user preferences and the ubiquity of multimedia content in our digital age. As the consumption of video content surges, from tutorials, entertainment, and online courses to marketing materials and user-generated content, applications that offer smooth and versatile video playback capabilities cater directly to this user demand, enhancing engagement and retention rates.

Moreover, video communicates complex ideas efficiently, appeals to visual learners, and often enhances user experience with a richer, more immersive medium. In today’s highly competitive digital marketplace, integrating robust video playback functionality can be the deciding factor for an application’s success, ensuring that it meets contemporary user expectations and remains relevant in a video-centric digital ecosystem.

Introducing PrizmDoc Video Playback

Given the growing importance of video, the Accusoft engineering team has incorporated video playback into PrizmDoc’s growing feature set. PrizmDoc has long made it easy to integrate seamless document viewing into web-based applications, but the new video playback feature now allows developers to natively embed video functionality into their software. Thanks to PrizmDoc video playback, there’s no longer any need to host videos on external sites or rely upon vulnerable software plugins to incorporate videos into their application workflows.

The new video playback feature carries on PrizmDoc’s longstanding tradition of efficiency and outstanding performance by delivering high quality video content with minimal processing lags and accommodating multiple file formats. As with other PrizmDoc features, developers can quickly incorporate video playback through a simple API call. This makes it easy to roll out video features without having to build complex functionality from scratch.

Video Playback Benefits for Legal Applications

The legal industry stands to benefit immensely from the use of video playback. Incorporating video features into LegalTech applications allows legal teams to work more effectively and deliver better services to their clients. Here are just a few of the benefits of video playback for the legal industry:

Better Case Preparation

Incorporating video playback functionality into legal software revolutionizes the way lawyers work and offers them unprecedented advantages in case preparation and courtroom representation. With video playback, lawyers can revisit crucial deposition testimonies, witness interviews, or surveillance footage at the touch of a button, eliminating the need for extensive manual sifting through transcripts or notes. This visual evidence can be used to enhance comprehension, validate statements, and build more persuasive arguments. 

With the growing use of virtual court proceedings, having integrated video playback capabilities ensures that legal professionals can present key evidence seamlessly, without toggling between multiple platforms. In essence, video playback in legal software streamlines processes, promotes meticulous case analysis, and provides lawyers with a compelling tool to bolster their arguments and client representation.

Improved Communication & Collaboration

Video playback in legal applications offers a transformative advantage by enhancing communication and collaboration among stakeholders. Unlike traditional methods, video captures the nuances of testimonies, allowing viewers to discern tone, emotion, and non-verbal cues often lost in written transcripts. This depth can be particularly evident when observing video depositions, where the demeanor and specific phrasing of witnesses are critical. Additionally, complex scenarios or events can be better understood when demonstrated through video, making it an indispensable tool for lawyers when explaining intricate case details to clients or colleagues.

This sensory-rich medium allows lawyers to brief their teams more effectively, reducing reliance on memory or textual notes, ensuring everyone remains aligned, and facilitating strategic discussions. Clients, too, benefit immensely. Video content can demystify the often-complex legal processes, empowering them with a clearer understanding of proceedings and making them active participants in their cases. Furthermore, when videos are shared with opposing counsel, it can improve transparency and potentially lead to faster resolutions by pinpointing areas of agreement or contention, thereby laying the groundwork for more informed negotiations.

Increased Efficiency

The integration of video playback within legal applications presents a notable advantage in increasing efficiency for legal professionals. In the past, the absence of built-in playback capabilities meant that lawyers often had to download and launch videos in separate external applications, causing interruptions in their workflow. Now, with the advent of direct video playback in the document viewing interface, there’s a seamless transition between reading textual documents and viewing related video content. This streamlined process ensures that lawyers and their teams no longer grapple with the cumbersome process of managing external video files, thereby saving valuable time.

By consolidating tasks within a singular interface, legal professionals can maintain their focus, review case materials more swiftly, and ultimately make more informed decisions without the constant shift between applications. The simplicity and efficiency offered by this integration not only optimize legal workflows but also enhance the user experience, leading to more agile and effective case management.

Enhance LegalTech Applications with PrizmDoc Video Playback

PrizmDoc’s new video playback feature delivers tremendous benefits for legal applications. This enhancement empowers legal professionals to integrate and access video content directly within their LegalTech software, eliminating the need for third-party platforms or external tools. As a result, users experience a swifter and more cohesive workflow, particularly when cross-referencing between legal documents and relevant videos. By consolidating these capabilities and minimizing associated costs, LegalTech software developers can channel their efforts and resources into innovating further, ensuring that their applications remain at the forefront of a rapidly evolving industry landscape.

To learn more about how PrizmDoc’s video playback feature can benefit your LegalTech application, talk to one of Accusoft’s PrizmDoc specialists today.

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Introducing PrizmDoc OCR API: How OCR Can Transform Your Applications https://www.accusoft.com/resources/blog/introducing-prizmdoc-ocr-api-how-ocr-can-transform-your-applications/ Wed, 18 Oct 2023 20:18:29 +0000 https://www.accusoft.com/?post_type=blog&p=13943 The Accusoft engineering team is always exploring ways to improve PrizmDoc’s document processing capabilities. We regularly consult with our active customers to ensure that we’re focusing on features that will help them push the boundaries of innovation and deliver a better experience to end users. That’s why we’re excited to talk about PrizmDoc’s new OCR […]

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OCR API Capabilities

The Accusoft engineering team is always exploring ways to improve PrizmDoc’s document processing capabilities. We regularly consult with our active customers to ensure that we’re focusing on features that will help them push the boundaries of innovation and deliver a better experience to end users.

That’s why we’re excited to talk about PrizmDoc’s new OCR API feature, which allows developers to tap into the power of Accusoft’s industry-leading optical character recognition technology to enhance their application’s document processing capabilities.

Wait, What Is OCR Again?

Optical Character Recognition (OCR) is a technology that converts different types of documents, such as scanned paper documents, PDF files, or images captured by a digital camera, into editable and searchable data. At its core, OCR works by analyzing the graphical elements of a document and recognizing the patterns of characters or symbols present in it.

Initially, the OCR software segments the document into elements like lines or words, and then further breaks them down into individual characters. Using machine learning and pattern recognition, it then matches these individual graphical components to their corresponding textual elements in a pre-defined character database. This process allows for the extraction of textual data from images, enabling digital storage and efficient searching, which facilitates streamlined management and utilization of information across various sectors.

Benefits of PrizmDoc’s OCR API

Building OCR features into an application is a time-consuming and expensive process. The technology behind OCR is not only quite sophisticated, but it also requires access to complex and evolving language libraries that allow it to identify text accurately. Obtaining the licenses for these libraries, incorporating them into a new OCR solution, and keeping them updated can be a challenge for developers who are unfamiliar with OCR processing.

With PrizmDoc’s OCR API, developers can easily incorporate OCR capabilities into their applications with a simple API call. We’re constantly updating our OCR features to add new languages and forms of character recognition, all of which can be rolled directly into customer applications as part of the PrizmDoc API integration.

What Makes Accusoft’s OCR Different?

Accusoft has long been an innovator in processing solutions that incorporate OCR technology. Where many solutions offer only full-page recognition, our OCR products support zonal field recognition, which allows applications to focus on predefined form field types to extract key data like names, dates, emails, and identification numbers.

Zonal OCR significantly increases processing speed, allowing applications to extract data from documents more quickly. It also enhances accuracy since the OCR engine is only reading specific areas of the page instead of scanning the entire page.

Of course, if your application needs to OCR an entire page or document, our OCR technology is more than capable of doing so quickly and accurately. We support multiple Western and Eastern languages, including Central European, Cyrillic, Baltic, and Asian characters. You can even set confidence levels for recognition results to incorporate manual reviews into your document process.

Industry Applications of OCR Technology

Finance Industry

By integrating OCR technology, financial institutions can automate the extraction of data from physical or digital documents, such as invoices, contracts, and bank statements, eliminating manual entry and reducing errors. This not only saves time but also enhances accuracy and efficiency, facilitating quicker decision-making processes. It can also aid in compliance and auditing tasks by easily retrieving information from a vast array of documents. By incorporating OCR APIs, the finance industry can significantly enhance its service quality, fostering a more data-driven and customer-centric approach.

Legal Industry

Lawyers, paralegals, and other professionals can utilize OCR technology to swiftly convert scanned documents, agreements, and legal briefs into searchable text. This can significantly expedite research and case preparation, allowing legal practitioners to efficiently sift through large volumes of text to locate pertinent information. It also enables the creation of digital databases that can be easily navigated and organized, enhancing the retrieval of case-related documents and fostering a more streamlined approach to legal work, thereby saving time and resources.

Insurance Industry

For insurance companies, an OCR API can serve as a pivotal tool in modernizing and streamlining the processing of numerous document types, including claims, policies, and supporting paperwork. It facilitates the quick conversion of scanned documents and images to searchable text formats, which can automate data extraction and reduce manual handling, minimizing the risk of errors and expediting claim processing times. The technology can also be integrated into existing systems to enhance customer service by quickly retrieving relevant information during interactions. By automating a significant portion of administrative tasks, insurance companies can focus more on developing customer-centric strategies and solutions, fostering greater efficiency and effectiveness within the industry.

Healthcare Industry

Healthcare OCR API integrations can aid in the digitalization and streamlined management of an immense volume of health records and administrative documents. By employing OCR technology, healthcare providers can swiftly convert printed patient records into structured, searchable data, which not only facilitates easier access to patient information but also integrates seamlessly with electronic health record (EHR) systems. This transition to a more data-centric approach can greatly enhance the accuracy of diagnoses, treatment planning, and predictive analytics. Moreover, it can simplify billing and insurance claim processes by automating data extraction, thereby reducing administrative burdens and allowing healthcare professionals to devote more time to patient care, ultimately enhancing the quality and efficiency of healthcare services.

Government Industry

Governments handle a vast array of documents – from forms and applications to historical records. By implementing OCR technology, governmental agencies can automate the data extraction process, thereby drastically reducing manual labor and minimizing errors. This makes the archival and retrieval of documents more efficient, fostering transparency and ease of access to public records. Furthermore, OCR can aid in analyzing data from various documents to formulate better policies and decisions based on historical and current data trends. Ultimately, integrating an OCR API can pave the way for more streamlined, cost-effective, and citizen-friendly governmental operations, promoting inclusivity and digital literacy.

Expand Your Application’s Potential with PrizmDoc OCR API

Incorporating advanced OCR capabilities into your application is easier than ever with the release of PrizmDoc’s OCR API feature. To learn more about how you can quickly add full-page and zonal character recognition that supports multiple languages, talk to one of our PrizmDoc experts today.

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The Crucial Role of Java-Based Viewing Integrations in FinTech Applications https://www.accusoft.com/resources/blog/the-crucial-role-of-java-based-viewing-integrations-in-fintech-applications/ Fri, 23 Jun 2023 16:17:39 +0000 https://www.accusoft.com/?post_type=blog&p=13295 FinTech applications have become indispensable to the financial services sector, enabling users to easily engage with financial offerings in a manner that suits them, while also boosting operational efficiency. The industry’s ongoing digital transformation continues to redefine FinTech functions, with developers tirelessly crafting new apps capable of handling tasks formerly dispersed across numerous systems and […]

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FinTech applications have become indispensable to the financial services sector, enabling users to easily engage with financial offerings in a manner that suits them, while also boosting operational efficiency. The industry’s ongoing digital transformation continues to redefine FinTech functions, with developers tirelessly crafting new apps capable of handling tasks formerly dispersed across numerous systems and software.

Among the most crucial features of FinTech applications is the ability to view and share documents. Developers have a range of document lifecycle solutions at their disposal to circumvent the challenging process of building these features from the ground up. However, the financial sector presents distinct security and compatibility prerequisites when it comes to choosing partners for integration. To truly grasp these technical hurdles, it’s important to understand the significance of Java in the development of FinTech applications.

A (Brief) History of Java in the Financial Sector

Financial institutions pioneered the adoption of automated workflows. The advent of the first electronic communication network that facilitated the trading of financial products off the trading floor was seen as early as the 1960s. During the 1970s, computerized order flows saw greater acceptance, with most financial companies crafting their own proprietary systems. The digital revolution truly ignited in the 1980s and early 1990s with the launch of the Bloomberg terminal and the Financial Information eXhange (FIX) protocol. By the late 1990s, the Nasdaq enabled the execution of securities trades autonomously, without the need for manual interference, through the incorporation of Island ECN.

Java shook up the programming language world when it debuted in 1995, and its timing couldn’t have been better. The financial industry witnessed an extensive wave of mergers and acquisitions in the late 1990s and early 2000s, which resulted in several companies grappling with the integration of a multitude of applications and data. Java’s ability to support diverse platforms was an appealing solution to this challenge, and numerous financial applications were translated into Java. Sun Microsystems, which first introduced Java to the market, even adopted the slogan “Write once, run anywhere” to promote its flexibility. Java’s simplicity of use and significantly enhanced speed compared to legacy code on outdated platforms quickly made it the language of choice for developers.

In a few short years, Java ascended to become the leading programming language within the financial services industry. Its popularity surged again following the launch of OpenJDK, a free and open-source version of the language, in 2007. An Oracle report in 2011 estimated that over 80% of electronic trading applications and virtually all FIX engines were written in Java. Even close to three decades after its debut, Java continues to be the primary programming language employed by financial services, surpassing other open-source alternatives by a considerable margin.

Java’s Enduring Appeal for the Financial Industry

The enduring preference for Java among financial sector developers isn’t simply due to tradition or resistance to change. Java’s unique attributes are an exceptional fit for financial applications, spanning both long-established enterprise-level banking systems and pioneering FinTech solutions.

Security

In the realm of financial services, security is the highest priority for developers. Applications related to banking and trading must have robust security provisions to guard financial data and personally identifiable information against unauthorized access. Java simplifies data access restriction and provides an array of memory safety features to diminish potential vulnerabilities, particularly those stemming from prevalent programming mistakes. Oracle consistently rolls out regular updates to fix recognized vulnerabilities and tackle the most recent cybersecurity threats.

Portability

Java, being a platform-independent language, allows applications to operate on virtually any device. This has always been a substantial benefit in the financial sector, but it has proven even more crucial in the era of cloud computing and mobile applications. Developers can employ the same code to roll out software in a virtual environment and render it accessible to end-users via their smartphones, computers, or other devices. The ability of Java virtual machines to support additional programming languages only adds to the language’s versatility.

Reliability

Given the nearly three-decade-long consistent use and the backing of a robust development community, Java has established itself as one of the most dependable programming languages globally. Potential instabilities have long been addressed, and there is a wealth of developer tools and documentation at hand to ensure software is built on a solid foundation. This reliability is critically significant for banking and financial applications, which demand high performance levels coupled with fault tolerance.

The Value of Java-Based Document Viewing and Sharing

As FinTech developers continue to build novel applications aimed at simplifying life for clients and employees in the financial industry, they’re facing a growing expectation from users for superior document viewing and sharing capabilities. Users want to bypass the time-consuming and resource-heavy task of manually processing paper documents, and most organizations strive to eliminate the security hazards associated with using external applications for managing digital documents.

However, developers face significant challenges when attempting to build these complex document viewing capabilities from scratch. Although there are numerous integrations that can introduce document lifecycle features, most aren’t based in Java and need extra development work to embed them into existing FinTech solutions. Without the option to natively view, share, and edit documents within the Java application, users frequently resort to external programs, a practice that presents potential security issues and version discrepancy risks.

Facilitating Java-based Document Functionalities through VirtualViewer

Accusoft’s VirtualViewer is a robust, Java-based HTML5 document viewing tool designed to assure optimal compatibility with FinTech applications without compromising functionality and security. By supporting an array of document types, such as PDF, TIFF, JPEG, AFP, PCL, and Microsoft Office, VirtualViewer creates a streamlined viewing experience that eliminates the need for external viewing solutions.

As an integration built on Java, VirtualViewer can operate on nearly any operating system and is simple to deploy. There’s no need to install software on the user’s desktop, enabling FinTech developers to deploy a scalable solution that fulfills their crucial security and business continuity needs within a single, high-velocity application. VirtualViewer’s server component swiftly renders and dispatches individual document pages for local viewing as required, allowing users to access, view, annotate, redact, and manipulate financial documents instantaneously. Since documents are rendered within the web-based viewer, users never have to download or transfer files, which could put sensitive data at risk.

Experience VirtualViewer’s features for yourself by signing up for a free trial!

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How PrizmDoc Hybrid Viewing Reduces Server Workloads by Up to 30% https://www.accusoft.com/resources/blog/how-prizmdoc-hybrid-viewing-reduces-server-workloads-by-up-to-30/ Tue, 13 Jun 2023 13:22:57 +0000 https://www.accusoft.com/?post_type=blog&p=13287 PrizmDoc is a powerful API-based integration that enables developers to incorporate powerful document viewing features into their applications. By offloading document viewing to the end user’s device, PrizmDoc’s Hybrid Viewing feature can save server resources by up to 30% and improve overall performance. Let’s take a look at how Hybrid Viewing works and how it […]

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PrizmDoc is a powerful API-based integration that enables developers to incorporate powerful document viewing features into their applications. By offloading document viewing to the end user’s device, PrizmDoc’s Hybrid Viewing feature can save server resources by up to 30% and improve overall performance. Let’s take a look at how Hybrid Viewing works and how it can benefit your application.

How Does Hybrid Viewing Work?

Accusoft’s technical team works hard to incorporate customer feedback and develop state-of-the-art features that cater to businesses of all sizes. PrizmDoc’s Hybrid Viewing feature showcases their commitment to delivering innovative technology that meets customer needs and takes their applications to the next level.

PrizmDoc Hybrid Viewing works by offloading much of the processing workload associated with document viewing from the server to the end user’s device. This reduces server strain as well as improves overall performance since the client-side device doesn’t need to communicate with the server for every action taken in the viewer. 

How Can I Benefit from Using Hybrid Viewing?

PrizmDoc’s Hybrid Viewing feature is a game-changer for organizations looking to improve their document viewing capabilities. By offloading the document viewing functions to the user’s device, Hybrid Viewing can save up to 30% in server resources while simultaneously improving their viewing performance. This technique not only streamlines the process but also frees up resources, allowing businesses to allocate their resources and focus on other vital areas.

Reducing server utilization by 30% can quickly translate into huge cost savings for applications with heavy document viewing workloads. Since most of the viewing is handled by the end user’s device, there’s also no need to download and save files to view them at a later time.

What Are Some of The Other Benefits of Hybrid Viewing?

Another benefit of Hybrid Viewing is the ability to process, view, and manage multiple documents faster by diverting workloads to local, client-side devices. As more document processing is handled locally rather than server-side, the performance of the viewing process improves significantly. This means that users can work with documents more efficiently and effectively, saving time and increasing productivity.

Hybrid Viewing also makes scaling viewing capacity across multiple users less resource intensive for industries with high-volume workloads. With the processing work being done on the end user’s device, the server can handle a greater number of requests without becoming overloaded. This means that businesses and organizations can scale their document management systems with less investment in additional hardware or infrastructure. By reducing the need for server-side processing, Hybrid Viewing provides a cost-effective solution for businesses looking to expand their document management capabilities.

Finally, Hybrid Viewing has the capability to convert all file types into ready-to-view PDFs. This not only reduces server load but also minimizes storage requirements. By converting all file types into PDFs, businesses can streamline their document management systems and reduce the amount of storage space required. This feature is particularly useful for organizations with large volumes of documents, as it helps to optimize document storage and retrieval processes.

Reduce Server Workloads by 30% with Hybrid Viewing

PrizmDoc’s Hybrid Viewing feature is an excellent solution for developers who want to offer their clients faster, more reliable document viewing experiences without having to worry about runaway server costs or sacrificing quality of service. By offloading document processing to client-side devices, applications can save up to 30% in valuable server resources that can be dedicated to other priorities. Hybrid Viewing also allows users to access and load documents faster without sacrificing other PrizmDoc features like annotation, redaction, and watermarking.

If you’re looking for a powerful yet cost-effective way to provide your customers with an exceptional viewing experience while minimizing server utilization, start your free PrizmDoc trial to see how Hybrid Viewing can enhance your application.

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A Government Agency Leverages VirtualViewer® to Manage Millions of Personnel Records https://www.accusoft.com/resources/blog/government-agency-leverages-virtualviewer-to-manage-millions-of-personnel-records/ Wed, 19 Apr 2023 19:19:09 +0000 https://staging.accusoft.usdphosting.com/?post_type=blog&p=22350 Introduction A large government agency with millions of employees needed to manage personnel records and payment information while also making documents and images easily accessible for all users. Each document trail spanned the duration of the employee’s time with the agency, resulting in a repository containing hundreds of millions of documents. The existing system used […]

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Introduction

A large government agency with millions of employees needed to manage personnel records and payment information while also making documents and images easily accessible for all users. Each document trail spanned the duration of the employee’s time with the agency, resulting in a repository containing hundreds of millions of documents. The existing system used a combination of custom-developed, Windows-based image viewers that were cumbersome, difficult to maintain, and presented security risks. 

Overview

As the system struggled to keep up with demand, employees became increasingly frustrated with the system. Rather than viewing documents within the system, they began using workarounds like printing out files or saving them to another device, both of which presented serious security risks since the records contained personally identifiable information. The agency needed a solution that could manage hundreds of millions of documents while still providing users with simple, secure, and quick access to personnel records and payment information. 

Although the document repository’s legacy viewing solution was no longer able to meet the agency’s needs, developing a new document viewer was prohibitively expensive and required expertise its IT team did not possess. Rather than building a solution from scratch, it made more sense to evaluate viewing integrations available on the market. The agency set out to find a viewer that could support multiple document types, including TIFF and PDF/A, for both viewing and archival purposes. Whatever solution the IT team chose to adopt would have to integrate smoothly into the existing legacy system to avoid a costly and time-consuming overhaul. 

Challenges

After evaluating several options, the agency turned to Accusoft’s VirtualViewer. As a Java-based viewer that uses HTML5 to render files for viewing, VirtualViewer would allow the document repository to access files quickly and easily. VirtualViewer’s extensive file format support allowed the agency to render PDF, Word, Excel, AFP, DWG, TIFF, and more in one universal viewer. The integration’s built-in library eliminated the need for a third-party application or additional license, further simplifying the agency’s document management processes. 

Another key priority was giving employees the ability to access documents from multiple devices. In the past, the system’s legacy viewer only allowed them to open and view documents on a desktop with the right software installed. To streamline the employee experience, the agency required a viewer that could be accessed from any device that supports a web browser, including tablets and smartphones. VirtualViewer’s true cross-platform support and complete mobility provided the flexibility the agency needed to access documents from anywhere, at any time. The integration’s HTML5 technology and Java-based viewing allowed users to view and manipulate files within the browser, eliminating the need for an external application. 

VirtualViewer’s quick installation and integration process made it the ideal solution for the agency. Installing VirtualViewer’s document viewer took less than 10 minutes for proof of concept (POC) testing on any desktop, laptop, or virtual machine. The integration also provided APIs and developer tools to make integrating and leveraging the technology simple and easy, including RESTful content handlers that allowed for a more flexible development and deployment process.

Results

VirtualViewer’s high-speed viewing for large files allowed document rendering and processing to be split between the server and browser, delivering an extremely high-speed response. The integration’s advanced features, including annotation, redaction, splitting, merging, and more, provided far more functionality than was possible under the legacy viewer. VirtualViewer’s robust thumbnail panels also simplified working on large documents using full-panel thumbnail displays, as well as the option to adjust thumbnail size. 

By implementing VirtualViewer, the government agency was able to provide more streamlined access to personnel and payroll records, saving employees and HR personnel time and money while eliminating security and management issues associated with the previous viewing solution. Millions of users are now able to view critical information related to their records via any device that has access to a web browser. VirtualViewer’s robust document support and easy-to-use interface made it an essential tool for the agency’s document management and collaboration processes. The agency was able to continue using their existing repository system while also gaining the benefits of a modern, user-friendly document viewer.

About Accusoft

Founded in 1991, Accusoft is a software development company specializing in content processing, conversion, and automation solutions. From out-of-the-box and configurable applications to APIs built for developers, Accusoft software enables users to solve their most complex workflow challenges and gain insights from content in any format, on any device. Backed by 40 patents, the company’s flagship products, including Docubee, PrizmDoc Viewer, and ImageGear, are designed to improve productivity, provide actionable data, and deliver results that matter. The Accusoft team is dedicated to continuous innovation through customer-centric product development, new version release, and a passion for understanding industry trends that drive consumer demand. Visit us at www.accusoft.com.  

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VirtualViewer® Improves Loan Processing Times by 40% for a Leading Mortgage Lender https://www.accusoft.com/resources/blog/virtualviewer-improves-loan-processing-times-by-40-percent-for-a-leading-mortgage-lender/ Thu, 23 Feb 2023 17:21:02 +0000 https://staging.accusoft.usdphosting.com/?post_type=blog&p=21748   Enterprises are continuously engaged in a process of evaluating their operations to identify opportunities for improvement. When one of the world’s leading mortgage lenders took a closer look at how it was handling documents to process applications, it quickly recognized the need to implement a solution that would allow them to scale capacity and […]

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Enterprises are continuously engaged in a process of evaluating their operations to identify opportunities for improvement. When one of the world’s leading mortgage lenders took a closer look at how it was handling documents to process applications, it quickly recognized the need to implement a solution that would allow them to scale capacity and enable faster loan processing. The company’s diversified businesses included banking, capital markets, and insurance, all of which combined to handle more than $1 trillion in mortgages, with nearly $2 billion in new loans each day.

Overview

For many years, the lender had processed applications by hand, entering information from paper and electronic forms into a mortgage processing application. While users had to thumb through paper documents, electronic loan documents were made available through a content management system and a dual-monitor workstation. One screen contained the loan processing application and a list of electronic loan documents. The other screen displayed the selected document and allowed the user to browse its contents. 

In examining their loan purchasing process, the lender discovered that while it took 7-9 days to close a paper document loan, electronic documents closed in just 4-5 days. Unfortunately, the legacy content management system limited scalability and performance, and a grossly underpowered document viewing application further impacted user productivity. The potential revenue gain in expanding their use of electronic documents was enormous – in terms of enhanced efficiency alone. To retain their competitive edge in a challenging market, the lender made the decision to replace their legacy CMS with an enterprise solution.

Challenges

But in order to realize the full productivity potential of the new enterprise CMS system, the lender also needed to upgrade its client document viewing application. The new viewer needed to provide reliable viewing for various types of electronic forms, including scanned documents, faxes, and emails in TIFF, JPEG, and PDF formats. To meet productivity demands, the first page of each document had to be accessed within two seconds. The technology also had to be entirely web-based since no documents could be stored on a client’s desktop or hard drive due to compliance constraints. From a user experience standpoint, the viewing solution also needed to provide scalable thumbnail rendering, accommodate mouse and keyboard navigation with “hot keys,” and be able to meet rigorous load-testing requirements. 

After a thorough review of available options, the lender selected Accusoft’s Java-based VirtualViewer® HTML5 viewing technology to address its complex functionality and security requirements. Critically, VirtualViewer supported the lender’s required document set of PDF, TIFF, and JPEG, as well as AFP, PCL, MS Office, and many other important business document formats, which provided the growing lender with additional flexibility for future expansion. The viewer also delivered a variety of thumbnail features, including page rotation sync, full panel view, and adjustable size options. VirtualViewer’s configurable user interface would also make it easy to implement navigation options and hot keys that enhanced productivity. 

The lender had little time to dedicate to the integration with its new enterprise CMS solution, especially since much of the integration time would be taken up by the load-testing process. Fortunately, VirtualViewer’s intuitive API made it easy to incorporate the product seamlessly while leaving plenty of time for load testing. 

Results

Replacing their legacy content management system and integrating Accusoft’s powerful VirtualViewer high-speed HTML5 viewer enabled the lender to achieve its desired performance standards. Because VirtualViewer is completely web-based and requires no software to be installed on the client’s desktop, the lender could easily roll out a scalable solution that met critical security and business continuity objectives within a single, high-speed viewing application. 

The viewer’s server component renders and delivers individual pages to the client quickly and seamlessly, well within the lender’s required sub-two-second access requirements, even when accessing large, multi-page loan documents in various geographical locations. VirtualViewer now helps to increase the mortgage lender’s productivity by allowing users to access, view, annotate, and manipulate loan documents on the fly without ever touching the client’s local hard drive.

As a result, the lender can now import daily peak loads of more than half a million documents and deliver them to users across the enterprise in under two seconds, improving their overall mortgage processing time by more than 40 percent.

About Accusoft

Founded in 1991, Accusoft is a software development company specializing in content processing, conversion, and automation solutions. From out-of-the-box and configurable applications to APIs built for developers, Accusoft software enables users to solve their most complex workflow challenges and gain insights from content in any format, on any device. Backed by 40 patents, the company’s flagship products, including Dcoubee, PrizmDoc Viewer, and ImageGear, are designed to improve productivity, provide actionable data, and deliver results that matter. The Accusoft team is dedicated to continuous innovation through customer-centric product development, new version release, and a passion for understanding industry trends that drive consumer demand. Visit us at www.accusoft.com. 

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How PrizmDoc’s Hybrid Viewing Enhances FinTech Applications https://www.accusoft.com/resources/blog/how-prizmdoc-hybrid-viewing-enhances-fintech-applications/ Tue, 31 Jan 2023 18:08:38 +0000 https://staging.accusoft.usdphosting.com/?post_type=blog&p=21549 The financial services industry has seen a breathtaking amount of innovation over the last decade thanks to FinTech applications that streamline user experiences and improve operational efficiencies. Many of these solutions incorporate third-party viewing integrations that allow people to view and manage documents, eliminating the need to switch back and forth between different software.  Implementing […]

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Explore PrizmDoc Hybrid Viewing

The financial services industry has seen a breathtaking amount of innovation over the last decade thanks to FinTech applications that streamline user experiences and improve operational efficiencies. Many of these solutions incorporate third-party viewing integrations that allow people to view and manage documents, eliminating the need to switch back and forth between different software. 

Implementing specialized viewing technology saves time and resources during the development process so FinTechs can get their products to market faster. By selecting the right integration partner from the beginning, they can put themselves in a position to scale capabilities in the future without suffering unexpected costs or compromising performance. 

Viewing Integrations and the Problem of Scale

FinTech developers often turn to API-based viewing integrations like Accusoft’s PrizmDoc because they provide the tremendous power and flexibility that modern financial services applications require. Whether it’s file conversion, robust annotation, document assembly, or redaction, FinTech software must be able to provide extensive document processing features to meet customer expectations.  

In order to implement those advanced viewing capabilities, the developer usually needs to set up a dedicated server as part of their on-premises infrastructure or in a cloud deployment. One of the biggest advantages of API-based integrations is that customers only have to pay for the processing resources they use, but this can also pose some challenges when it comes to scaling application capacity. 

As FinTech companies expand their services, they need to be able to deliver document viewing capabilities to a larger number of users. If each viewing session requires the server to prepare and render documents for viewing, costs can quickly escalate. As server workloads increase, viewing responsiveness may be affected, resulting in delays and slower performance. 

While some users may still need to use server-based viewing to access more powerful imaging and conversion features, many customers simply need a quick and easy way to view and make minor document alterations. FinTech developers need a versatile solution that can meet both requirements if they want to scale their services smoothly. 

Introducing PrizmDoc Hybrid Viewing

PrizmDoc’s new Hybrid Viewing feature provides FinTech applications the best of both worlds by offloading the document processing workloads required for viewing to client-side devices. Rather than using server resources to convert files into SVG format and render them for display, Hybrid Viewing instead converts files into PDF format and then delivers that document to the end user’s browser for viewing.  

Shifting the bulk of document processing work to client-side devices significantly reduces server workloads, which translates into lower costs for FinTech applications. 

For documents not already in PDF format, the PrizmDoc Hybrid Viewing feature offers new PDF viewing packages that pre-convert documents into PDF for fast, responsive local viewing. 

By reducing the server requirements for rendering files, FinTech providers can easily scale their applications without worrying about additional users increasing their document processing costs. PrizmDoc Hybrid Viewing also eliminates the need for separate viewing solutions implemented to work around server-based viewing, which allows developers to streamline their tech stack and further optimize customer experiences. 

5 Ways Hybrid Viewing Enhances FinTech Applications

PrizmDoc’s Hybrid Viewing feature provides FinTech developers with several important benefits that improve application flexibility and deliver greater value to their customers.  

1. Resource Savings 

Hybrid Viewing minimizes server loads by offloading the bulk of the processing required to view a document to client-side devices. Reducing server requirements translates into lower costs and frees up valuable processing resources for other critical FinTech workloads. 

2. Scalable Viewing 

Shifting the processing work required for viewing to local devices allows FinTech applications to scale their user base with minimal cost. 

3. Enhanced Performance 

Offloading document preparation to the end user’s device improves viewing speed and responsiveness, especially for large documents. 

4. Increased Productivity 

Diverting workloads to client-side devices allows application users to process, view, and manage multiple documents faster. FinTech developers can leverage Hybrid Viewing to provide a better user experience that helps their customers to be more efficient and productive. 

5. Improved Storage Management 

For documents not already in PDF format, Hybrid Viewing can utilize PDF-based viewing packages that are significantly smaller than conventional SVG viewing files. Files can be pre-converted for fast, easy viewing without taking up extra storage space. 

Enhance FinTech Applications with PrizmDoc Hybrid Viewing 

PrizmDoc’s new Hybrid Viewing feature allows FinTech developers to seamlessly scale their application’s viewing capabilities without having to deploy new servers or rethink their cost structure. Shifting document processing to local devices provides end-users with faster, more responsive performance, especially when viewing lengthy documents. By keeping viewing-related costs low, FinTech developers can focus their resources on developing new application features that help their products stand out in an increasingly competitive market. 

To learn more about how PrizmDoc’s Hybrid Viewing can benefit your FinTech application, talk to one of Accusoft’s PrizmDoc specialists today.

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Use Case: How PrizmDoc’s Bulk Redactions Helped Streamline eDiscovery https://www.accusoft.com/resources/blog/how-prizmdocs-bulk-redactions-helped-streamline-ediscovery/ Tue, 31 Jan 2023 16:07:52 +0000 https://staging.accusoft.usdphosting.com/?post_type=blog&p=20584   Time is critical when it comes to the eDiscovery process. Legal teams often find themselves scanning through multiple documents in search of sensitive content that needs to be redacted. Without the right redaction capabilities, they can end up wasting valuable time removing information by hand and still run the risk of overlooking important material. […]

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LegalTech Bulk Redaction
 

Time is critical when it comes to the eDiscovery process. Legal teams often find themselves scanning through multiple documents in search of sensitive content that needs to be redacted. Without the right redaction capabilities, they can end up wasting valuable time removing information by hand and still run the risk of overlooking important material. That’s why a leading LegalTech developer turned to PrizmDoc’s bulk redaction feature to enhance their eDiscovery platform.

What is Bulk Redaction?

Redaction is the process of blacking out or removing text from a document. It’s often used to protect sensitive information, such as names, account numbers, or contract details. Redaction is frequently done manually, but it’s a time-consuming process that can easily lead to mistakes. That’s why many legal teams turn to software tools to help with the redaction process and other document management tasks.

Bulk redaction is a special feature that makes it easy to quickly remove sensitive information across multiple documents at once. This approach can save a lot of time compared to manually redacting each document one by one. It also ensures that all sensitive information is removed from the documents, eliminating the risk of someone overlooking something that should have been redacted.

Use Case: Redaction and eDiscovery Software

LegalTech developers frequently use third party API-based document processing integrations to add powerful viewing and editing capabilities to their eDiscovery applications. Redaction is a particularly vital feature for customers in the legal industry because they need to remove various forms of sensitive information from contracts and other documents. This content can include names, trade secrets, personally identifiable information (PII), privileged communications, or other confidential information.

When the developer of a leading eDiscovery platform needed to implement a bulk redaction feature that would allow their customers to easily redact content across multiple documents, they turned to Accusoft’s PrizmDoc. In addition to its extensive viewing, annotation, and conversion capabilities, PrizmDoc features powerful document search and redaction tools that the Accusoft team could customize to meet the developer’s specific needs.

What the developer really needed was a way to locate terms and content in multiple documents stored in their database and then implement various redaction types without having to open each document individually. PrizmDoc’s search capabilities allowed them to determine which documents contained specific terms and then narrow the results further by searching for entire passages that needed to be redacted. After flagging sensitive content with a search, a simple click of a button redacts that content from every relevant document in the database.

PrizmDoc’s bulk redaction capabilities also work with the eDiscovery software to automatically identify and remove PII without having to perform a manual search. This quick and easy feature helps legal teams save even more time when preparing documents for sharing or distribution. All redactions can be assigned a specific reason that explains why the content was removed, and PrizmDoc can remove redactions if something was scrubbed from a document by mistake.

Customer Benefits of PrizmDoc Bulk Redactions

Implementing PrizmDoc provided the customer’s eDiscovery platform with a flexible array of advanced document processing tools without the hassle of having to build them from scratch. With proven viewing and redaction features in place, the development team could focus instead on delivering an elegant, intuitive interface that enhanced the platform’s user experience. eDiscovery customers can now easily apply bulk redactions with a few simple clicks, saving countless hours of document review and eliminating the manual errors associated with manual redactions.

From the customer’s perspective, bulk redactions are now a seamless part of their eDiscovery workflow. They can feel confident that any sensitive information is removed before documents are shared, and they can quickly undo any redactions that were made by mistake. The end result is a more efficient document review process that helps legal teams save time and energy while ensuring that confidential information stays out of the wrong hands.

How PrizmDoc Enhances eDiscovery Applications

PrizmDoc’s document processing capabilities are the perfect complement to any eDiscovery application. By integrating PrizmDoc, developers can quickly add powerful document viewing, annotation, and conversion features to their applications with just a few lines of code. In addition, developers can take advantage of PrizmDoc’s wide range of customization options to tailor the solution to the specific needs of their customers. With PrizmDoc, there’s no need to sacrifice quality or performance when adding document processing capabilities to an eDiscovery application.

In addition to bulk redaction, PrizmDoc also offers eDiscovery customers a number of other benefits, including:

  • The ability to open and view dozens of file types in the browser, including PDF, TIFF, Microsoft Office, and more
  • Powerful conversion capabilities that allow users to save documents in more than 50 file formats for easy sharing or distribution
  • Flexible deployment options that can be adapted to any workflow, whether on-premise or in the cloud
  • Advanced security features like watermarking, encryption, and password protection to keep documents safe and secure

For a first-hand look at how PrizmDoc can enhance your LegalTech eDiscovery application, you can demo features on our website. If you’re ready to take a deeper dive into how you can implement those features into your software, start a free trial today or talk to one of our solutions specialists.

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Accusoft is attending the LegalWeek 2023 event in NYC, are you? Come visit our booth #2304 and discover software to manage your documents better.

For more information on Accusoft’s software integrations for eDiscovery and case management applications, visit our Legal industries page.

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How Strategic Acquisitions Helped Accusoft Drive Innovation and Growth https://www.accusoft.com/resources/blog/how-strategic-acquisitions-helped-accusoft-drive-innovation-and-growth/ Wed, 21 Dec 2022 16:16:53 +0000 https://staging.accusoft.usdphosting.com/?post_type=blog&p=20905   For over 30 years, Accusoft has developed groundbreaking digital imaging technology that has revolutionized the way applications manage and process content. From high-resolution image compression and file format conversion to data extraction and barcode recognition, Accusoft technology can be found in some of the most sophisticated and widely used software in the world. The […]

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For over 30 years, Accusoft has developed groundbreaking digital imaging technology that has revolutionized the way applications manage and process content. From high-resolution image compression and file format conversion to data extraction and barcode recognition, Accusoft technology can be found in some of the most sophisticated and widely used software in the world. The company’s enduring success is built upon a combination of patented engineering innovations and key strategic acquisitions.

Humble Beginnings and Early Success

The origins of Accusoft go back to the late 1980s, when founder and CEO Jack Berlin got a hands-on look at one of the first digital cameras at a trade show and developed an interest in the nascent technology.

“I just fell in love with it and wanted to get involved in digital imaging,” he recalls. That desire led Berlin to found Pegasus Imaging Corporation in September of 1991. “It started as a hobby, but it became serious pretty fast.”

The company quickly found its niche selling innovative image compression and decompression technology that software developers could incorporate into their applications. Over the next decade, Pegasus Imaging made a name for itself thanks to advancements in lossy and lossless JPEG compression that were adopted by leading photo imaging companies such as Kodak, Canon, Nikon, Fujifilm, and Konica Minolta.

In 1998, Pegasus Imaging expanded into medical imaging with the groundbreaking PICTools Medical SDK. The company quickly made a splash in the market by solving the infamous “DICOM bug” associated with the Cornell codec, an open-source codec frequently used for lossless JPEG compression. Pegasus Imaging’s engineers were able to identify why the codec rendered some images unreadable after decompression and provide a means of both compressing images safely and decompressing files once thought to be corrupted beyond repair. That ability to quickly solve imaging problems helped make PICTools Medical a major success with some of the world’s largest medical technology companies, including GE Healthcare, McKesson, Philips Medical Systems, Siemens Medical Solutions, and Toshiba.

Evolution and Expansion

Although Pegasus Imaging enjoyed a great deal of success in its first decade, Berlin knew the company needed to grow if it was going to retain a competitive edge in the 21st century.

“The challenge with the technology business is you have to improve it or lose it,” he says. “You don’t get to sell the same product ten years later. You have to continue to innovate.”

The early 2000s saw Pegasus Imaging embark on a series of acquisitions that helped expand its business and continue pushing the boundaries of innovating in digital imaging. Each merger involved a strategic consideration of how it would position the company to evolve to meet the complex challenges of the future.

“People typically want to buy growth, but we look at it differently,” Berlin says. “We’re a big believer that the reason to buy companies is their customers, their products, and their people. Products are worth nothing without their people.”

In 2004, Pegasus Imaging acquired TMSSequoia, which had developed the most sophisticated structured forms processing and document image cleanup technology in the world. The people behind that technology, however, proved even more valuable to the growing company, contributing to the development of several proprietary innovations over the years that followed. Their ongoing contributions can be seen in products like FormSuite, which remains an industry leader in forms processing technology.

The TMSSequoia acquisition, along with the development of its lightning fast ImagXpress toolkit, set Pegasus Imaging on the path to becoming a much bigger player in the document imaging market. Its next major acquisition came in 2008 with the purchase of AccuSoft, a Massachusetts-based imaging software company best known for its powerful ImageGear SDK. No sooner had the deal closed, then Pegasus Imaging expanded once again by acquiring the UK-based Tasman Software, which had developed groundbreaking barcode recognition technology that would eventually be incorporated into the popular Barcode Xpress SDK product.

Over the course of just a few years, Pegasus Imaging had greatly expanded its portfolio of document imaging and processing solutions by strategically identifying the technology and engineering talent that could fuel the company’s growth. To Berlin, making the most of those acquisition opportunities are critical to sustained success in a competitive industry:

“It’s grow or die. We’re up against larger and larger competitors. Consolidation gives you market share and economies of scale. If profitability goes up, you can invest in new product development, marketing, and growth.”

In 2009, Pegasus Imaging changed its name to Accusoft Pegasus to rebrand the company as a key player to watch in the document imaging and processing industry.

Integration and Innovation

The acquisition of AccuSoft expanded the company’s market share and expertise, but it also created a new challenge for the engineering team. AccuSoft’s ImageGear SDK frequently competed directly with Pegasus Imaging’s ImagXpress. While there was no question that the newly rebranded Accusoft Pegasus would continue to support customers using these products, strategic decisions had to be made about their respective futures.

As the team evaluated each product, it quickly became clear they were the result of very different approaches to software development.

“ImagXpress was much easier to use, but it didn’t have all the platforms and features of ImageGear,” Berlin recalls. “Their idea was to throw everything but the kitchen sink into the product, and if somebody complained, fix it. Pegasus wanted to make everything perfect and add features very slowly. I think there was a happy medium there somewhere.”

ImageGear’s ability to support multiple platforms and the rapid development of modern compilers eventually made it a more attractive SDK for developers, but the Accusoft Pegasus team incorporated the best features of ImagXpress into it to make ImageGear an even better product. Throughout the integration, the company put new processes into place to strike a balance between speed and perfection. Product management structures were also established to improve feedback loops, lay down feature roadmaps, and keep to development timelines without compromising quality.

All of these lessons would prove invaluable when Accusoft Pegasus acquired Adeptol in 2011 and added the company’s AJAX Document Viewer to its portfolio. While Adeptol’s browser-based viewing technology was undoubtedly innovative and correctly predicted what future web applications would require from viewing integrations, the product itself was Flash-based. In addition to being a proprietary technology, Flash contained multiple security vulnerabilities and was already on the decline by 2011.

The Accusoft Pegasus team got to work rebuilding the viewer using HTML5, making it much easier for developers to incorporate viewing features into web-based applications. As the new product took shape, it also allowed the company to expand into the growing market for cloud-based API integration products. Released as Prizm Content Connect in 2012, the HTML5 viewer would be rebranded in 2016 as PrizmDoc.

30 Years of Growth and Innovation

In 2012, Accusoft Pegasus rebranded once again to become Accusoft. Today, the company remains a pillar of the tech community in Tampa, FL even as it strives to expand its business globally. In 2021, Accusoft celebrated its 30th anniversary, a significant milestone for a privately held, employee-owned corporation that began as a hobby.

For Berlin, those humble origins and the long journey to success are what make a company like Accusoft special.

“It’s not just dollars and cents, but a sense of pride and competitiveness,” he says. “It stops being about money at some decimal point. It’s about the people and the legacy and seeing what you can do. We give back a lot to our community. I really enjoy that. We participate in our community, both in tech forums and charity drives and work days. If we cease being Accusoft or cease being Accusoft in Tampa, FL, that’s gone.”

Accusoft and Snowbound Join Forces

That same sense of pride and passion was shared by Simon Wieczner, President, CEO, and co-founder of Snowbound Software. Established in 1996, Snowbound first made a name for itself in the document imaging market with the RasterMaster conversion and imaging SDK. RasterMaster supports hundreds of formats and uses proprietary technology to quickly convert, archive, and display files in high resolution without loss of fidelity.

As two of the leading innovators in document imaging integrations, Snowbound and Accusoft routinely found themselves competing for the same customers over the years. “We were competitors, but not fierce competitors,” Wieczner recalls. “We would mostly run into each other at trade shows and talk about the market.”

Berlin first floated the idea of merging the two companies around 2015, but it wasn’t until much later that acquisition conversations turned serious. With so much money being invested in the tech industry over the previous decade, Snowbound had already received substantial interest from potential buyers, but most of the offers didn’t sit well with Wieczner.

“There’s been a craze over the last few years of growth equity companies looking for SDK companies,” he says. “They were offering good dollars, but without understanding our technology. So there was a little bit of distrust on my part. Some actually wanted to outsource everything and that would totally destroy the company.”

Many potential suitors were primarily interested in incorporating Snowbound’s technology into their own products rather than supporting existing customers and continuing to sell into the market. As conversations with Accusoft continued to progress, Wieczner realized that he’d already found the ideal acquisition partner.

“Accusoft understood the market, what our company did, and how we could fit together,” he says. “That’s why we felt ready to move on together.”

“Both Simon and I are passionate about the success of the company,” Berlin says. “It’s what small business people do. We tend to worship entrepreneurs that get in, build a shell, and get out with a billion dollars, but I don’t know if they’re fulfilled because there’s such fulfillment in seeing what you’ve built accomplish something.”

In late 2022, the companies moved ahead with a deal that saw Accusoft acquire Snowbound. The merger brings Snowbound’s RasterMaster and VirtualViewer products into the portfolio of Accusoft solutions:

  • RasterMaster: A Java-based conversion and imaging SDK, RasterMaster can be incorporated into applications for all computing platforms, including Unix, Linux, Windows, and Mac. The SDK supports hundreds of document types through its proprietary format library and provides a variety of document imaging tools, such as annotations, redactions, OCR, text extraction, and image cleanup.
  • VirtualViewer: Developed to meet the demanding needs of the banking industry, VirtualViewer is an HTML5-based viewer that can be easily incorporated into web applications to allow users to view, annotate, and redact documents and images from any platform, anywhere. VirtualViewer’s library of APIs and out-of-the-box connectors for popular ECM applications (including Alfresco, IBM, and Pegasystems) make it a powerful tool for developers looking to quickly integrate advanced document workflow capabilities.

The Future

In keeping with Accusoft’s long history of strategic acquisitions, the Snowbound merger brings with it an influx of new customers, new technology, and new talent into the Accusoft family. Those resources will help the company to continue investing in innovation to compete in an increasingly high-stakes market.

“It’s a real challenge to incorporate other companies and take that risk, but they’ve done well with it,” Wieczner says. “We were deliberate in selecting an organization with a leadership team and product portfolio that would continue to grow, develop, and nurture what we have built at Snowbound.”

With three decades of experience and success to draw upon, Accusoft is better positioned than ever to meet the evolving needs of its customers and deliver a new generation of document imaging products powered by groundbreaking technology.

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