Automation of data extraction from invoices can eliminate many of the human errors caused by fatigue or oversight.
The data captured by the extractor can be stored in a centralized location and therefore will be accessible to all stakeholders of the company.
Manual invoice reading is time-consuming, and automation can save much of the time spent by employees in mundane repetitive activities.
The possibility of introducing checks at various levels of the automation process initiated by the invoice extractor can enhance data security.
The time saved by the employee can be rerouted to productive tasks that can enhance their skillset and the company’s bottom line.
An automated invoice data extraction system will streamline the accounting process, leading to scale-up enhancements.
One important financial document that is common to all businesses is the invoice. The larger the business, the more invoices it receives. Nowadays businesses receive most invoices digitally and have no use for expensive OCR software. However reliably extracting data from these invoices remains crucial for optimising operations.
Extractional offers the possibility to extract data from digital invoices with a known layout. All you need to do is to create one template for each vendor, once. You define your template because you know best. Our solution isn’t relying on AI but on good old human intelligence instead guaranteeing maximum accuracy and simplicity at a fraction of the cost.
Once your new template is set up according to your needs, you can import invoices and start sending your invoice data to your ERP system, or any other software. You can also download your invoice data in CSV, JSON and even PEPPOL format as this format becomes more and more relevant. Indeed as of 18 April 2020 all public sector institutions and authorities in the EU have been required by law to receive PEPPOL invoices.
We have listened to countless entrepreneurs that were concerned about sending their data to the cloud. Our solution brings you back to the good old days of owning what you buy. Yes, that’s right, you deploy our data extraction software via Docker onto your company server and immediately enjoy all the benefits of on-prem solutions such as maximum privacy, strongest compliance and unlimited data processing.
One or multiple e-mail addresses can be configured and Extractional will scan them periodically for new pdf invoices. Once detected the invoices will be processed automatically and the data extracted according to your defined workflow.
Our tool has first been developed with invoices in mind. We have however quickly adapted it to be used for a series of documents that all benefit from data extraction such as delivery slips, credit notes and more.
We have developed our document extraction tool to suit most needs of our clients. Nevertheless, we remain open to developing and implementing tailored solutions according to your specific requirements for a fee. Please do not hesitate to contact us should you require additional features and functionalities or help in integrating our tool with third-party software.
Back to basics. One single license, for a fixed fee, yearly. Just focus on growing your business, not on buying credits.
Buy your license and use it, company-wide, with as many users as you have employees if that’s what you need.
Your company is growing fast? Don’t worry. Create as many templates as you’d like for the ultimate scalability.
Take advantage of our personalized support to ensure a seamless setup and optimal use of Extractional.
After studying Engineering in Germany, Tom worked for eight years at a leading international building project management company. He then took over the family construction business and went from managing the construction process to actually carrying it out. Fifteen years of operational experience have built Tom's thorough understanding of the optimisation of processes with multiple parties involved.
Engineer turned Entrepreneur with 15 years of International Sales & Marketing experience, Renaud managed Sales & Marketing teams throughout Europe, Africa, and the Middle East. Most recently he founded, developed, and successfully sold his automotive start-up. A proven self-starter he brings years of experience in tactical operations developing business strategies and executing go-to-market initiatives.
Manfred is a computer scientist with more than 35 years of experience in software design and development. He managed software and hardware development teams of multi-national companies in different countries around the world. Manfred has a proven track record of ground-breaking innovative software and hardware solutions and has many years of experience developing blockchain applications.