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The Benefits of AP Invoicing Automation
AP invoicing is an area where many companies are poised for improvement. Despite automation creeping into business processes all around us, too many companies are over-reliant on employees and paper-based processes. This laborious process actually hurts businesses on several fronts — it costs more money, requires more time, and ultimately leads to more errors according…
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Automating Your AP Invoicing Processing Is As Easy As 1-2-3
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…
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What To Look for in an OCR Mobile App and SDK
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…
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Questions to Ask When Considering Adding Smart OCR Automated Data Capture Into Your Software
“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…
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Why New Zealand becoming Australia’s Data Centre Hub can help save our planet
Authored By: Jonathan Spence Data and the internet are becoming ever more critical to the planet’s residents. Even the smallest rural villages in Kenya or India are likely using data services on a daily basis; services whose importance can often be placed far ahead of electricity or even sanitation. The rise of the likes of…
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Six AP problems that automation can solve
In his outstanding book “Automate This”, author Christopher Steiner tells the story to Thomas Petterfy, a virtual unknown who single-handedly revolutionised the stock trading industry and became one of the richest men on the planet in the process. Petterfy was not a trader, nor did he have a degree or experience in finance. Rather, he…
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Five benefits of Data Extraction and Automation for SME’s
Businesses face many challenges in the modern business environment. Now more than ever, business leaders need to be constantly on lookout for more effective ways of managing jobs. By staying stagnant and not improving processes over time, will mean both short and long term growth will be affected. You may be thinking “We have done…
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Is Technology Replacing Bookkeeping?
Accounting automation -it’s a term that has been bouncing around the accounting and bookkeeping industry for the past few years. Automation allows accountants and bookkeepers to spend less time on the manual labour they have traditionally spent a majority of their roles on. That sounds ideal, however there has been discussion within the industry that…
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Scanning Tips
Document scanning is often given little thought or consideration. A bit of planning and knowledge about how to approach it can really help the outcomes and make the process faster and more hassle free. Scanner Choice There are a huge number of scanners available on the market. Some are dedicated single function scanners while other…
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“Efficienize” your Business
Authored By: Jonathan Spence I’ll start by admitting it, efficienize is NOT a word. Yes I know, but without those who promote new words how will they ever be accepted into a language?! In any case I thought I would do a quick search to see what the linguists had to say on the subject…
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Uber & Driverless Cars – Changing Your World
Authored By: Jonathan Spence There are two big stories in the personal transport news these days, Uber (and of course its compatriots in the ride-sharing space like Lyft) & Driverless cars. Each is in itself quite an amazing proposition. Let’s start with Uber. On the surface it looks like a win-win for both sides; the…
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Coming Soon: Skynet – an explanation about AI
Authored By: Jonathan Spence “I’ll be back” – the infamous words of arguably the most famous & bad-ass cyborg around. Arnold Schwarzenegger does seem to be making a move back to acting after a stint “governating” California so those words could arguably hold true! For those who don’t know, cyborg is a word to describe…
