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The Benefits of Document Automation for Law Firms

The Benefits of Document Automation for Law Firms Today, we cover the benefits of document automation for law firms, exploring how lawyers can save time on document management while improving client experience both in the production and review of documentation. Learn how document capture software relates to e-discovery and how lawyers can utilise automation software like Xtracta. Document automation can review client data and find relevant information, no matter how many documents there are. We break down the primary benefits below. Increases Document Processing Efficiency In regards to document production, document automation for law firms increases efficiency by streamlining the process of identifying,…

Xtracta Admin2023-03-23

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IDP Fundamentals & The Stages of Data Processing

IDP Fundamentals & The Stages of Data Processing Intelligent Document Processing (IDP) is critical to any organisation looking to turn vast amounts of unstructured data into actionable insights or optimise existing workflows. This article explores the basics of IDP and the different stages of data processing. Learn how your enterprise can use Xtracta’s data extraction software to drive real business value. Different Needs, Different Approaches to IDP Intelligent Document Processing (IDP) is a process that leverages technology to extract valuable information from various document types. IDP enables businesses to convert unstructured and semi-structured data into meaningful data that is easy to use in accessible…

Xtracta Admin2023-02-23

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When to Automate Your Data Processing ?

When to Automate Your Data Processing? Knowing when to automate your data processing software is critical to stay competitive and resilient regardless of your industry or company size. Below, we explore common signs indicating a need to automate your company’s data processing software. Facing Labour Shortages Labour shortage is one of the most pressing reasons companies automate their data. As a global issue affecting businesses and people worldwide, research predicts that by 2030, more than 85 million jobs may be left unfilled due to a shortage of specialised people. Some driving forces behind the labour shortage include COVID-19, low wages, an ageing population, and…

Xtracta Admin2023-01-23

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How Automated Inventory Systems Improve Inventory Management

How Automated Inventory Systems Improve Inventory Management As a sub-element of supply chain management, inventory management has been around for more than 20 years. Here, we explore the current state of inventory management and delve into the possibilities offered by automation solutions such as Xtracta’s OCR & AI data capture technology. Learn about the importance of automated inventory systems for supply and demand, the importance of data for company resilience, and more. Why Is Inventory Management for Supply and Demand So Important? Inventory management is fundamental for every company dealing with products, but why is it so important? As every business that survived…

Xtracta Admin2022-12-23

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Customs Automation & IDP for the Customs Brokerage Industry

Customs Automation & IDP for the Customs Brokerage Industry Manual document processing costs businesses a fortune every year. This cost is particularly significant for companies within the customs brokerage industry as they deal with high volumes of documents daily. From bills of lading and manifests to certificates, commercial invoices, and more, customs brokers and freight forwarders handle countless documents and forms in various templates, all of which must be sorted, verified, extracted, and processed. Below, we explore why customs automation and intelligent document processing (IDP) are essential for businesses large and small within the industry. Discover how a digital document extraction solution like Xtracta…

Xtracta Admin2022-11-23

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The Role of Data Capture in an ERP Implementation Plan

Enterprise resource planning (ERP) is an essential part of every business. We explore the role of data capture in an ERP implementation plan. Read on to learn why digital document extraction and data capture software are vital to successfully integrating your ERP implementation. But First, What Is ERP? Enterprise resource planning (ERP) is an all-encompassing business management system. An ERP application gathers inputs from various departments—from manufacturing and supply chain management to accounting, sales, marketing, human resources, etc.—to mediate business processes, offer insights, provide reporting, manage internal controls, and much more. Larger companies often have ERPs that handle all parts…

Xtracta Admin2022-10-19