Xtract is a business automation platform for invoice processing, accounts payable, and employee expense management. It uses AI to receive, read, and extract data from purchase invoices, helping businesses reduce manual data entry, minimize typing errors, identify duplicate invoices, and organize financial documents in a centralized digital repository.

The platform supports automated invoice approval workflows with task assignment and reminders, enabling teams to review and authorize invoices online. Xtract can export invoice data to ERP and accounting systems through API integrations or import-ready files, with support for customizable reports in CSV, TXT, and XLS formats. Its expense management app, available for iOS and Android, allows employees to submit expenses digitally, create detailed expense reports, and streamline reconciliation and reimbursement. Xtract is designed for finance, accounting, procurement, and operations teams seeking to automate invoice data capture, approval, reporting, and expense accounting.

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