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Xtracta Admin

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AI IDP Trends for 2026 – Wider Adoption and Implications | Xtracta

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…
Xtracta Admin
2026-01-24
Blog

Automated Invoice Systems – Smarter AP

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…
Xtracta Admin
2025-09-24
Blog

OCR vs AI OCR & Data Extraction: Why Machine Learning Matters

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…
Xtracta Admin
2025-04-24
Blog

Why Generative AI Isn’t Enough for Invoice Capture

Why Generative AI Isn’t Enough for Invoice Capture For businesses aiming to reduce manual workloads and embrace automation, invoice capture is often one of the first areas explored. Traditional paper invoicing can take around 23 days to process, provided there are no issues. When errors are involved, processing times can stretch to as long as 90 days, a delay many businesses can’t afford while waiting on vital cash flow.   At first glance, using generative AI (GenAI) for invoice capture may appear to be the most accessible solution, especially if your team is already familiar with it in other areas…
Xtracta Admin
2025-04-24
Blog

Specialised AI vs General AI

Specialised AI vs General AI Generative AI is being used across a growing number of industries to improve decision-making, reduce costs, and automate all manner of knowledge-based tasks. But not all AI is created equal. Two distinct types – general AI and specialised AI – offer very different capabilities. Before investing in one or the other, or both, understanding their strengths and limitations is crucial to making smart business decisions.   General AI is good for a huge range of tasks, from analysis, reasoning and general knowledge Q&A to even full content creation. The models that power these AIs are…
Xtracta Admin
2025-03-24
Blog

Defining Agentic AI – Limitations and Opportunities

Defining Agentic AI – Limitations and Opportunities Agentic AI is the newest trending development that has captured the imagination of businesses around the world. Promising genuine autonomy, it’s often been referred to as the next step beyond generative AI. It can make decisions, perform tasks, and learn tasks independently as needed for it to achieve its goals. On paper, agentic AI appears to take us one step closer to unlocking the full potential of artificial intelligence. But in an industry saturated by marketing and hype, has it lived up to its reputation?   Like all emerging tech, agentic AI’s actual…
Xtracta Admin
2025-03-23
Mentions in the PressNews & Media Releases

Xtracta Featured in NZBusiness: From Tech Start-Up to AI Leader

We are proud to announce that Xtracta has been featured in NZBusiness in an article titled "From Tech Start-Up to AI Leader." The article highlights our journey from a pioneering technology start-up to becoming a leader in AI-driven document automation, revolutionizing data extraction for businesses worldwide.   In this insightful piece, our CEO, Jonathan Spence, shares Xtracta’s story, from its inception to its current standing as an innovative AI company driving efficiency and automation across industries. He discusses the challenges and milestones along the way, emphasizing the company’s commitment to continuous innovation and global expansion. The feature explores how Xtracta’s…
Xtracta Admin
2025-02-27
Blog

Automated Carbon Accounting with AI Data Extraction

Automated Carbon Accounting with AI Data Extraction Environmental responsibility is becoming more important for businesses due to growing concerns about climate change. With a heightened focus on sustainability, carbon accounting has become a valuable tool for measuring a business's climate impact and identifying ways to reduce it. However, the process can be time-consuming due to the extensive data collection required to cover the volume and variety of information involved.   This challenge can be addressed with the help of document data extraction software like Xtracta, which automates carbon accounting by quickly processing documents and extracting relevant information. Third-party consultants and…
Xtracta Admin
2024-11-24
Blog

Driving Business Innovation with Enterprise Automation

Driving Business Innovation with Enterprise Automation Despite advancements in digital technology in recent years, many workers still spend hours at work manually completing repetitive tasks. Time-consuming workflows and monotonous routines remain the status quo for many businesses. These inefficiencies often result in missed opportunities, underutilised talent, and staff disengagement. Enterprise automation software offers one solution to improving processes and optimising outcomes.   This blog post will explore how to apply enterprise automation to your business using Xtracta and how it could be simpler than expected to set up.   What is enterprise automation? Enterprise automation refers to any area of…
Xtracta Admin
2024-10-24
Blog

API in Digital Transformation – How Data Extraction Software Connects Systems Efficiently

API in Digital Transformation – How Data Extraction Software Connects Systems Efficiently   Data extraction technology has made significant advancements in the last ten years. Initially rooted in basic optical character recognition (OCR), it has evolved to accurately read, interpret, and analyse a wide range of documents at scale, extracting specific information with precision. While other AI-driven tools have seen rapid growth and adoption, data extraction technology has yet to achieve widespread use. This article will explore how document data extraction can serve as a disruptive technology, driving digital transformation by seamlessly connecting different platforms and systems. This is particularly…
Xtracta Admin
2024-09-24