DiveDeepAI developed FORMULATE, an intelligent web application. Formulate is a new document transcription service that uses Optical Character Recognition (OCR) using Tesseract to transcribe data from image scan files and processes said data. It is able to recognize and transcribe 95% or more of all form text. It supports the various form structures and inherents flexibility allowing easy interface with the existing structures of customers such as databases and excel spreadsheets. Moreover, Formulate can track usage by user and company with timestamps. This allows future scaling of the service and to predict value provided to the service’s customers. Besides this, Formulate can prevent access from unauthorized users. All attempts to access the software are subject to user identification and password control. If the Organization’s license has run out, the system will prevent the user from accessing the software functionality.