Accredo Version 4 comes with built-in data extraction tool

Accredo Version 4 comes with built-in data extraction tool

AUCKLAND, 09 March 2015: The latest release from New Zealand owned and operated accounting software provider, Accredo, provides customers with built-in software that automates data extraction from documents.

The technology is provided by productivity-enhancing software provider Xtracta and comes embedded and ready to use within the Version 4 Accredo interface. The tool extracts data from received documents, such as supplier invoices, and makes it available for importing into the core Accredo accounting solution – saving customers time and money.

Xtracta CEO, Jonathan Spence, says one of the biggest pain points for companies is the time-consuming manual input of data into their business software systems.

“What the Xtracta App does is give organisations the ability to automate data extraction within the environment of their accounting system. Rather than have people sit and enter the data – which can be an error prone process – once the documents are scanned the software identifies what data is important and captures it automatically.”

Spence says the Xtracta App improves the accuracy of data capture and allows organisations to reassign resources to higher value tasks. “People who previously did data entry are freed up to work on other parts of the business.”

Accredo Channel Manager, Kevin Carberry, says stand-alone data extraction tools can cost significant amounts of money and once purchased the customer then has to integrate it with its existing accounting solution.

“Because the Xtracta App lives seamlessly within the Accredo system, it removes those challenges and customers can use it for free up to a certain volume of documents.”

About Accredo
New Zealand business software provider Accredo has been creating solutions purpose-designed for small to medium sized New Zealand companies for over 30 years. Accredo has all the features and modules local companies need, is exceptionally easy to use and understand, and easy to buy and install. Over 50 percent of Accredo customers have been using the software for more than 10 years – upgrading at their own pace, according to their own business needs. For more information: www.accredo.co.nz

About Xtracta App
Xtracta is a powerful and extremely easy to deploy cloud based automated data extraction system. It can help drastically reduce labour costs and boost an organisation's productivity. Built on a philosophy of efficiency and accuracy, Xtracta focuses on removing the need for manual data entry while being easy to configure and deploy for organisations of all sizes. For more information: www.xtracta.com

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