Xtracta Blog

How much time does your accounting team spend processing invoices and receipts every month? How long does it take the average invoice to be processed and enter your system? Every extra day that an invoice sits unprocessed, it’s another day until the invoice is paid. Using Xtracta, our system can automatically read, process, and sort your invoices, eliminating hours of manual work that would usually be handled by your employees. Not only will your invoicing processes speed up, but our automated data capture solution will result in fewer errors.   If you aren’t sold yet, let’s dive into why automated…

If you are considering an optical character recognition (OCR) app for your business, there are a few considerations that you should take into account that can help you sift through your options. Understanding the differences between different types of OCR apps, the platforms that they run on, and how they will mesh with your current business processes is important for finding the right solution for your business.   Some of the things you should take into account include understanding the differences between traditional and AI-powered OCR apps, knowing which platforms will be the best fit for your business, and taking…

“Big data” is a hot-button issue in today’s business world. The rise of the internet and data processing technologies have given way to innovative ways of capturing, processing, storing, and using data to the advantage of your business. According to a report from Evans Data Corporation, more than six million developers worldwide are currently working on big data and advanced analytics projects. Hiring employees for data entry has been commonplace for decades but comes with many downsides. It’s extremely time-consuming, expensive, and is prone to manual entry errors. With the range of options available to businesses today, many have turned…