Xtracta Blog

AI IDP Trends for 2026 Artificial intelligence continued its steady march into the mainstream throughout 2025. As AI models mature and adoption accelerates into 2026, expectations around accuracy, speed, and automation continue to rise. In this article, we explore the current state of AI and the key AI IDP trends shaping the market, examining what these developments mean for the future of IDP for both solution providers and businesses that rely on document-driven processes every day.   Intelligent document processing (IDP) sits at the intersection of AI progress and real-world business efficiency. As AI IDP trends and broader IDP trends…

Automating Purchase Order Processing with OCR Processing purchase orders (AKA sales orders) is a common business process for many businesses providing products in the B2B space. While there has been a growth in EDI (Electronic Data Interchange) over the years, allowing the computer systems of the buyer and seller to exchange data directly, the reality is that the technology is expensive and only worthwhile for sellers and buyers who constantly transact large volumes of orders between each other.   For low-volume buyers, the submission of a standard purchase order document, often by email with a PDF attachment, has become the…

  Bank Statement OCR & AI Data Extraction: How Automation is Improving Bank Statement Processing Manual bank statement verification has long been a bottleneck for lending teams. Even today, many organisations still receive PDFs or physical bank statements from prospective borrowers and manually check transactions one at a time. This process is repetitive and prone to human error, yet it forms the backbone of critical operations like lending decisions and fraud detection.   As lending operations become more digitised, organisations of all sizes are considering the shift to bank statement OCR & AI data extraction to automate this process, which…

What is Automated Invoice Processing? Your Guide for 2026 Invoice processing plays an important role in an organisation’s accounts payable (AP) function. Done well, suppliers are paid on time, accurate and audit-ready, and staff can focus on high-value tasks that bring strategic value. Done manually, invoices can become a costly bottleneck that holds your business back.   Our 2026 guide to automated invoice processing compares traditional methods of invoice processing with newer innovations that have made automation a key part of modern finance team operations.   Key Takeaways How do you process invoices in AP automation? In AP automation, invoices…

Choosing the Right Automated Invoice System The pace of business today demands smarter, innovative systems that save time without compromising on quality. Manually processing invoices typically takes days or even weeks to reach final approval.   With an automated invoice system such as Xtracta, what once took multiple days can now happen on a much faster timeline. Combining with seamless software integration, invoice automation systems deliver accurate, fast, and scalable results.   Manual vs Automated Invoicing Manual invoice processing is usually the default method for businesses managing their accounts payable, but it comes with significant drawbacks. Processing a single invoice…

OCR vs AI Data Extraction: Why Machine Learning Matters Optical Character Recognition (OCR) has long been used to digitise physical documents, transforming printed or handwritten text into machine-readable data. But as document formats grow more complex and business needs become more demanding, traditional OCR technology is reaching its limits. Additionally, there is an industry shift away from paper with ever growing numbers of documents being produced and sent as digital files such as PDFs.   Today, AI-powered data extraction offers a more advanced, flexible alternative. Let’s compare OCR vs AI Data Extraction, unpacking the differences and examining why intelligent solutions…