Blog

Xtracta’s data extraction technology caters to businesses from all industries, and we offer a range of cloud hosting solutions to suit large companies and SMEs (small and medium enterprises).Cloud computing has profoundly transformed how we live and work today. We explore how cloud development has benefited businesses worldwide, identifying what individual companies expect when adopting…

In the article below, we’ll take you back to the basics of automated data capturing, exploring what automated data capture is and the process of capturing information through Xtracta. We also touch briefly on how data capture methods like OCR data extraction can significantly reduce associated costs and benefit businesses. Read on to learn more.…

Accounts payable efficiency is crucial to maintaining a business’s financial planning, ensuring accurate cash flow forecasting, and building a rapport and strong reputation with its vendors. Below, we explore how automation solutions like data extraction software, powered by OCR & AI, can address inefficiencies in the accounts payable process to maximise efficiencies and benefits for…

Working from home (WFH) or remotely is becoming more of a long-term reality for many of us. COVID-19 made working from home a necessity. However, most businesses saw this shift as a temporary response to the pandemic rather than a long-term work solution, and their strategies reflect this. How can organisations ensure their processes and…

With the effects of COVID-19 still prevalent worldwide, what changes can we expect to see for logistics and shipping companies? We explore this question below, looking forward to the future of logistics and supply chains. Learn more about the benefits of cloud-based solutions and how automated OCR software powered by artificial intelligence can help. If…

  Staying afloat on mountains of paperwork is one of the biggest struggles for logistics companies, especially those that use outdated processes. Below, we explore the benefits of automation in logistics and transportation and how automated document management solutions enable efficient workflows for precise record-keeping, tracking, and shipping of goods. Read on to discover how…

OCR, data extraction, and AI are common terms in today’s media, but the distinction between them is often blurred (e.g., OCR AI and OCR data extraction). So, what does OCR mean and how is it related to AI and data extraction? Below, we’ll clarify these terms for you. Read on for a quick overview of…

Manual invoice processing is slow, costly, and resource-intensive. Through accounts payable automation and invoice data capture software, businesses can save time, resources, and successfully maintain business continuity.Invoice scanning software and process automation can benefit your business in numerous ways. Below, we explore the benefits of automated invoice processing for accounts payable and how it can…

In a world driven by technological advancement, artificial intelligence (AI) has a significant impact on the progress and transformation of industries worldwide. For example, through Xtracta’s AI engine (which has full OCR support), businesses can now achieve fast and accurate data capture for use cases like invoice scanning, contract extraction, and more. This simplifies the…

Here, we discuss the role of automation and data extraction software in invoice management systems. Read on to learn all about invoice processing, including traditional methods of invoice processing, the basics of invoice automation, and where AI fits in. What is Traditional Invoice Processing? Traditional accounts payable invoice processing is usually a manual, paper-based process,…

When it comes to fast and efficient document processing, how beneficial is it to have automation technology to process data? Does intelligent document processing (IDP) apply to unstructured data? We’ll explore these questions below, elaborating on the difference between structured and unstructured data and why it’s important to have data capture technology that can process…

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?…