Xtracta
Xtracta provides AI-powered document data extraction solutions that help organizations automate data capture from invoices, receipts, forms, and other business documents.
Overview
Xtracta specializes in intelligent document processing technology that automatically extracts data from various document types. The company's platform leverages artificial intelligence, including machine learning and computer vision, to transform unstructured document content into structured, usable data.
Founded with a focus on practical business applications, Xtracta has developed solutions that address common document processing challenges across industries. The company's technology is designed to learn and improve over time, adapting to new document formats and layouts without requiring extensive manual configuration.
Xtracta's solutions can be deployed as standalone applications or integrated into existing business systems through APIs. The platform is used by organizations ranging from small businesses to large enterprises, helping them reduce manual data entry, improve data accuracy, and accelerate document-dependent processes.
Key Features
- Intelligent Data Extraction: AI-powered extraction from various document types
- Template-Free Processing: Ability to process documents without pre-defined templates
- Multi-Format Support: Handling of PDFs, images, and scanned documents
- Self-Learning Capabilities: Continuous improvement through machine learning
- Field-Level Accuracy: High precision in extracting specific data points
- Line Item Extraction: Detailed capture of tabular data from invoices and forms
- Custom Data Validation: Business rules for verifying extracted information
- Integration Options: APIs and connectors for existing business systems
- Batch Processing: High-volume document processing capabilities
- Cloud and On-Premise Deployment: Flexible implementation options
Use Cases
Accounts Payable Automation
Organizations implement Xtracta to streamline their accounts payable processes. The platform automatically extracts key information from supplier invoices, including header data (invoice numbers, dates, amounts) and line-item details. This extracted data is then validated and transferred to accounting or ERP systems, eliminating manual data entry and reducing processing time. The solution handles diverse invoice formats from different suppliers without requiring template configuration, and continuously improves its accuracy through machine learning as it processes more documents.
Receipt Processing
Businesses use Xtracta to automate the processing of expense receipts. The system captures receipt images through mobile apps or other channels, extracts relevant information such as merchant details, transaction amounts, dates, and tax information, and organizes this data for expense management. This automation simplifies expense reporting for employees while providing finance departments with accurate, structured data for accounting and compliance purposes. The technology works across various receipt formats and languages, making it effective for organizations with global operations.
Technical Specifications
| Feature | Specification |
|---|---|
| Deployment Options | Cloud SaaS, On-Premise, Hybrid |
| Integration Methods | REST API, Webhooks, Pre-built Connectors |
| Supported Formats | PDF, TIFF, JPEG, PNG, BMP |
| OCR Capabilities | Advanced OCR with layout recognition |
| AI Technologies | Machine Learning, Computer Vision, NLP |
| Processing Volume | Scalable from thousands to millions of documents |
| Accuracy Rates | High precision with confidence scoring |
| Language Support | Multi-language capability |
| Security Features | Data encryption, secure processing |
| Training Requirements | Minimal training data needed |
Getting Started
- Solution Assessment: Evaluate your document processing requirements
- Implementation Planning: Determine integration points with existing systems
- Configuration: Set up data extraction fields and validation rules
- Integration: Connect with target business systems
- Testing and Optimization: Refine extraction accuracy and workflows
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