Xtracta Blog

Knowing how to scale your business effectively can be challenging. Here, we explore key difficulties companies are often faced with when scaling their business, elaborating on ideas for effective scaling, including the advantages of nurturing an automation-first mentality and implementing scalable processes and digital document extraction technology. What Are the Key Challenges for Business Scaleups? When it comes to scaling a business for long-term success, some of the most common challenges or setbacks for companies include: Getting substantial investment. Investment is the most obvious prerequisite that most new companies need to obtain to scale up. Implementing scalable processes. Investing in…

When it comes to the growth versus scalability of a business, is there a difference? While these two terms are often used interchangeably, there are some key differences between the two that every business should be aware of. Here, we explore the difference and why it matters, and delve into the value that automation solutions such as Xtracta’s data extraction API and data capture software bring to the table when talking about growing vs scaling.   Business Growth vs. Scalability: The Basics First, let’s start by defining the most common distinction between these two terms. Growth is a concept that…

A large majority of Xtracta’s client base is comprised of other software vendors looking to build our technology into their platforms. In this article, we discuss the benefits of automated data extraction for companies that develop and sell software solutions used by the larger market. Using some successful case studies, we explore how industry-specific software and OCR AI solutions such as invoice and contract data capture have been incorporated to meet unique accounting and data processing needs within different industries.   Where is Industry-Specific Software and Automated Data Extraction Needed? Xtracta works with a range of different third-party vendors to…

How We’re Progressing Artificial Intelligence Today, we discuss how Xtracta is progressing within the realm of OCR AI technology and machine learning, including deep learning and its relevance within the development of general training models. Controlled Feature Set Machine Learning When it comes to introducing learning models to new clients, one of the decisions we have made is to utilise controlled feature set machine learning models. By doing this, the number of training sets and the number of samples customers need to train with can be significantly decreased. One advantage of using this approach to training models is significantly reducing…

Building Integration with Xtracta’s API Today, we explore the advantages of Xtracta’s API, offering a benefits breakdown for organisations looking to integrate Xtracta’s OCR solution into their pre-existing software. What’s an API Integration? Through API integrations, companies can automate repetitive tasks and integrate their databases and programs with the latest industry applications. API integrations enable workers to gain the advantages of multiple cloud-based apps and deliver fast and continuous communication between applications. APIs also enhance product development, allowing organisations to launch innovative initiatives smoothly and efficiently while reducing the associated costs of the process. How can APIs help your business?…

How to Promote an Automation First Work Culture Process automation can help organisations work smarter, saving time and money with highly accurate document capture software. However, when it comes to introducing automation into an organisation, the benefits of the change are not always self-evident. While organisations may be interested in automation, one of the main challenges that can prevent automation success is if projects are met with internal resistance from staff. Workers may have become comfortable and settled into the established way of doing things; it’s not uncommon for people who have worked with set processes for a long time…