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Five Key Advantages of IDP Solutions for SMEs

Five Key Advantages of IDP Solutions for SMEs SMEs face numerous challenges in today's competitive business landscape. Time constraints, tight budgets, and limited resources can hinder growth and efficiency. Fortunately, SMEs now have a powerful tool to streamline their operations: Intelligent Document Processing (IDP). Typically powered by AI, IDP automates the extraction of valuable information from various document types. So, how does this help small and medium-sized enterprises (SMEs)? Below, we cover the advantages of IDP solutions for SMEs, exploring how they can use automatic data extraction software to save time, reduce costs, and maximise productivity. 1. Save Valuable Time Time is a valuable resource for…
Xtracta Admin
2023-06-23
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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 Admin
2023-03-23
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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 Admin
2023-02-23
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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 Admin
2023-01-23