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Straight-Through Processing: Saving Time on a Big Scale

  Straight-Through Processing: Saving Time on a Big Scale Many companies are embracing automation to save time and money with their document processing practices. That said, there is one step of the process that still takes up valuable employee resources: verification. Despite the advancements of automated data extraction, so many hours are still being lost to manually verifying data that has already been processed. Enter straight-through processing. Thanks to improved accuracy, artificial intelligence, and confidence margins, programmes like Xtracta can eliminate the verification step. Dive in as we explain what straight-through processing is, how it saves time on a big…
Xtracta Admin
May 5, 2021
Blog

Data Extraction and Industries: Where Automation Fits In

  Data Extraction and Industries: Where Automation Fits In When most people think of automated data extraction, they think of invoices, structured documents, and reconciliations. In other words, most people’s idea of potential data extraction applications is restricted to numbers, billing, and money. But there are so many other ways in which programs like Xtracta can help businesses thrive. In this blog post, we’re delving into the ways that automation can revolutionise any business, no matter the industry. Customs Brokerage One of Xtracta’s largest clients is in the North American customs brokerage vertical, assisting importers and exporters with navigating the…
Xtracta Admin
May 4, 2021
Blog

Big Data: How it Drives Intelligent Data Extraction

Big Data: How it Drives Intelligent Data Extraction At the core of many pieces of modern software lies big data. It’s the future of data-driven industry—a new way to identify patterns that might have otherwise gone unfound. When it comes to intelligent document processing, big data is a cornerstone of the practice. As one of the technological leaders in this space, we use big data to create a highly accurate data extraction platform powered by a well-fed artificial intelligence (AI). Discover what big data is and how we’re using it here. What is Big Data? Big data is a computing…
Xtracta Admin
April 23, 2021
Blog

What is Intelligent Document Processing?

What is Intelligent Document Processing? Intelligent Document Processing (IDP) is the core of Xtracta. It’s the reason we offer a ‘set and forget’ approach to document processing—a result of artificial intelligence and machine learning combining to interpret documents of all structures, lengths, and styles. But why does this exist in the first place, when standard data capture software already exists? The answer has to do with efficiency and scalability. While companies have happily dealt with templating their documents for many years now, unstructured documents like emails, notes, and industry reports are now being seen as the information gold mines they…
Xtracta Admin
April 23, 2021
Blog

How Xtracta Dominates Bulk Document Processing

For companies faced with hundreds of documents to process, accurately extracting the data within meant a lot of time and effort, until automated data entry software changed the game forever. Unfortunately, many types of this software aren’t configured to handle many documents once. Either that, or their cost structures make it impossibly expensive to process more than a few documents a day. This is what separates Xtracta from other data entry software; our cost structures and processing capabilities make it easy to churn through large amounts of data efficiently. Discover how Xtracta can process many documents in a row, and…
Xtracta Admin
March 9, 2021
Blog

Machine Learning & AI 101: The Basics

A few decades ago, machine learning and artificial intelligence (AI) were terms seen mostly in science fiction, heralding a future that we could only marvel at. However, thanks to speedy advancements in technology, the neural networks of the 1950s have quickly shifted to the deep learning networks of the present day. Before we get into the nitty-gritty, it’s important to know that machine learning and artificial intelligence are not separate from each other. Machine learning is in fact a branch of artificial intelligence, facilitating the wide array of tasks the modern AI can accomplish. Whether it’s creating a self-driving car…
Xtracta Admin
January 29, 2021

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