Case Study: Fusion5 streamlines invoice processing with Xtracta

Fusion5 cuts OCR costs to 10% of the old way with Xtracta

Fusion5, a New Zealand software provider, uses its ApprovalPlus accounts payable workflow solution to help customers streamline invoice and purchase order processing. Their challenge was integrating an effective data extraction tool that could automate the capture of information from various documents without requiring complex coding or manual template creation. They sought a solution to eliminate manual data entry and improve efficiency for their clients.

The vendor, Xtracta, implemented its AI-powered data automation tool via an API. This solution provided superior OCR and machine learning capabilities, automatically detecting and extracting invoice data and easily learning from user corrections. For Fusion5's customers, this eliminated manual data entry, drastically reduced processing costs to an estimated 10% of previous methods, and sped up invoice turnaround. The integration with ApprovalPlus provided a powerful, automated procure-to-pay process that improved control, efficiency, and created a clear audit trail.

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