B2Boost partners with XCD (xTractor)
Today, B2Boost, one of Belgium’s top fastest-growing technology companies operating sophisticated B2B Automation solutions, and XCD, an innovative leader in cloud-based PDF data extraction technology, announced their partnership.
For those customers that still receive paper and pdf invoices XCD’s xTractor product achieves fast time to value for B2Boost’s e-invoicing solution for Accounts Payable, by eliminating paper invoices and errors, inefficiencies, and costs associated with them.
Together we deliver the lowest friction option for supplier onboarding and enable you to receive all your invoices electronically. XCD’s xTractor instantly converts emailed invoices from suppliers 100% accurately into the digital format required for the buyer’s accounts payable process, and thereby guarantees that automation is not eroded because of having to double-check entries for errors. XCD’s xTractor extends full invoice-data-extraction automation to PDF invoices emailed from supplier AR systems, eliminating the need for manual data entry. The main advantage of OCR is that it captures data from most document types and formats. “The biggest drawback of OCR is that it always necessitates human intervention to verify and validate data captured by it, because it can never guarantee 100% accurate data capture. The biggest challenge faced by e-invoicing is the onboarding of supplier, which causes paper invoices to remain in the process whilst the anticipated benefits of e-invoicing fail to materialize. Capitalizing on PDF invoices received via email as well using xTractor ensures that a larger number of suppliers quickly transacts fully electronically. XCD chose to partner with B2boost in view of its deep technical expertise and legally compliant E-Invoicing offering throughout Europe and beyond”, said Carl Ellmer, Sales Director XCD.
“The integration of xTractor with the B2Boost platform provides an added value for our customers who want to fully automate their Accounts Payable communication if it’s not yet 100% machine-to-machine. The manual interventions in the processing of a paper and a PDF invoice are reduced as much as possible. This results in fewer errors and faster processing, whereby the B2Boost platform always guarantees the legal aspect of the flow”, said Jan Eeckhout, Business Unit Manager B2B Automation B2Boost.
About XCD
XCENTER DIGITAL (“XCD”) drives tangible digital finance transformation thru acknowledged Procure-to-Pay and Enterprise Content Management (ECM) services and automation solutions. Alongside our proprietary products, we offer core competences in OpenText, SAP and UiPath technologies. Incepted in 2008, we have delivered in excess of 250 enterprise projects, pro-actively manage services for over 40 blue-chip clients on an ongoing basis, and help buyers and suppliers digitize their Procure-to-Pay processes with innovative products that facilitate smart electronic invoicing.
About B2Boost
Since 2002, B2Boost specializes exclusively on B2B Automation and has developed a specific focus on compliant E-Invoicing in >60 countries across different continents, electronic data interchange, and data insights.
Our proprietary technology, combined with our proven processes and expertise help you gain more from your digital journey, while building more collaborative and profitable relationships with your trading partners.
We deliver our services to high profile, quality-oriented companies, with compliance high on the agenda, in Entertainment, Retail, Telecom and other industries.