Delivering data how you want it
Helping you save time and money and become paperless with quick, highly accurate automated data capture.
Xtracta’s easy to use bank statement data extraction API enables easy and accurate statement data to be lifted from documents in seconds.
Suitable for a variety of applications, Xtracta’s bank statement data extraction API is accurate, fast, and provides data you can be confident in. Backed by Xtracta’s inbuilt workflow management capabilities, the API can be used in a variety of use cases from lending to data aggregation applications.
Enquire now to discover how accurate and reliable Xtracta’ bank statement OCR software is today.
Sort Document Types
Xtracta’s technology has the ability to quickly sort large volumes of incoming documents to determine their types and pull individual documents from large multi-document PDFs. The technology can sort and find bank statements within a wider set of documents and process these with the remaining documents either being ignored or processed through their own workflows.
Comprehensive Validation
The system has powerful validations to ensure that all data is consistently and accurately captured from the documents. Including tools such as mathematical checks covering the opening, and closing balances and all transactions through to database and external 3rd party validation integrations, you can be confident that only accurate data is output from the system.
Outlier Detection
Xtracta’s system has a comprehensive and highly flexible feature set. Use tools such as the maths calculator, external data service lookups, and more to find out-of-the-ordinary transactions and mark these for human review. Statements can also be automatically scored to determine risk profiles etc. based on the number and type of exceptions.
How Xtracta works
Fuel your software with Automated Data Capture
With our easy to use API and brandable solution
How Xtracta works
Fuel your software with Automated Data Capture
With our easy to use API and brandable solution
Flexible, Easy and Set and Forget
Digital, Scanned or Photographed
The Xtracta invoice API supports all forms of invoices including virtually all digital formats (PDF, DOC, XLS etc.) and imaged documents (PDF, JPG, PNG etc.) Do away with invoice scanners and manual data entry. Give suppliers the ultimate flexibility in how they submit invoices to you.
Multiple Input Channels
- Input invoices a number of ways.
- API upload
- Email: We set up and host a dedicated, personalised email address(es) that your suppliers can email their invoices to e.g. accounts@yourcompany.com
- SFTP for bulk uploading
- Mobile app for on the go
- Web Portal with drag and drop functionality
No Rules or Templates Necessary
Using Xtracta’s artificial intelligence technology, the invoice data capture API doesn’t need specialist engineers to setup “rules” or “templates” for each supplier invoice design. Even if the engine has never seen that supplier before, it can automatically pull all of the information required including line items. You tell the engine what you want and it will capture it.
Set and Forget
Powered by artificial intelligence and machine learning technology, Xtracta constantly learns with every new document scanned and every interaction with users. This self-learning ability enables the hands-free data extraction from an unlimited number of document designs in a variety of languages.
In exceptional cases where data may be missing, end-users can also “teach” the engine by simply clicking on data in the Engine Learning Screen to show the Xtracta engine what data they want from the invoice.
Personalised, Paperless and In Control
Personalise to Your Business
Tailor the engine to your specific requirements such as coding to the GL or assigning identification codes to invoices. Use our advanced data tools such as auto-formatting eg dates and currencies, data matching eg check invoice against PO code and “strip and replace” eg removing currency symbol. Verify data using our pre-existing checks or build your own:
- mathematical checking eg gross total – tax= nett total in invoices
- debit or credit match with running balance in statements
- compare values such as checking if the supplier is in your supplier list.
Become Paperless and Streamlined
Data is captured in seconds and a copy of the original invoice is also captured and transferred to your accounting software. No more chasing invoices around the office and save time previously spent filing, archiving and retrieving invoices. Become paperless overnight.
Free up Time
Remove error-prone, time consuming manual data entry. Become more efficient and devote time to more high value tasks.
Increase Visibility and Control
At any time of the month, know exactly where an invoice is in the AP process and who it is sitting with. Use extracted data to assist with fraud detection. Manage exceptions in real time, meet payment deadlines and make decisions quicker with real time reporting and tracking.
Easy to Use API and Brand as Your Own
The Xtracta API makes it very simple for software companies to integrate into your application. With full documentation and personalised integration support and the using of industry standard REST architecture with XML data structures – the API can be deployed into desktop, SaaS or mobile apps quickly and efficiently and you can brand the functionality as your own.
Reaching over
1,000 users today
Processing over 10 million pages per month
Global
Customer Base
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End Customers
Want to add touchless data capture of high volume documents, like invoices and receipts, to the software you use? We have partners ready to help you.
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Software Companies
Want to into integrate Xtracta with your own software? Use our easy to use API and image capture SDK and brand the functionality as your own.
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