Extractly Discount - Up to 20% off
Extractly is the #1 AI document processing tool for accounting and finance professionals.
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Accounting SoftwareWhat is Extractly?
Extractly is an AI-powered platform that automates data extraction and standardization from various documents, including PDFs and images. It offers features like multi-language support, format-agnostic processing, and rapid handling of large document volumes. Extractly’s tools, such as Validate and Extractly+, streamline financial statement reviews and integrate extracted data directly into Excel workpapers, enhancing efficiency and accuracy for accounting and finance professionals.
Based on the available information, here are six key features of Extractly:
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AI-powered PDF data extraction: Extract structured and unstructured data from scanned or digital documents, including handwritten notes, directly into Excel workpapers.
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Automated data matching: Instantly validate invoice amounts, supplier names, and numerical consistency across documents, pinpointing discrepancies without manual searches.
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Intelligent table extraction: Convert unstructured bank statements, invoices, and ledgers into clean, tabular formats with customized column mapping.
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Interactive document linking: Click on extracted data in Excel to instantly navigate back to the source document, facilitating faster review.
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Seamless Excel integration: As an Excel add-in, Extractly enables auditors to conduct substantive testing efficiently within Excel.
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Enhanced audit efficiency: Process large sample sets in seconds, improving audit efficiency and reducing manual cross-checking time.
Eligibility
Number of Seats/Users: Extractly offers discounts based on the number of users or seats. A higher volume typically leads to a better discount structure, especially for enterprise-level usage.
Commitment to a Long-Term Contract: Discounts are often provided to companies that commit to using the service for a longer period (e.g., 1-year or 3-year contracts). A longer commitment shows Extractly that the company is serious and willing to invest in the platform long-term.
No Active Discounts: Companies that are not already receiving other active discounts may have a better chance of qualifying for additional discounts from Extractly. Extractly reserves discounts for new customers or those not currently under promotional pricing.
Volume or Usage Commitment: Extractly offers discounts if you agree to a minimum amount of usage or transaction volume. This could be based on data storage, transactions, or other metrics tied to how much you will use the platform.
Enterprise-Level Negotiation: Companies that qualify as “enterprise” due to their size or complexity (e.g., having large teams, multiple departments, or geographical presence) may be eligible for additional discounts from Extractly. Such companies are often in a position to negotiate for better pricing.
Early Renewal or Prepayment: Extractly often offers discounts if you renew early or prepay for the entire contract period. This is a common approach to securing a lower price.
Extractly - Up to 20% off
Reviews
Hello! As a Spendbase discount specialist, I’ve gathered some insights from our clients about Extractly, the AI document processing tool for accounting and finance professionals. Here’s what we’ve found:
Key Benefits Highlighted by Spendbase Clients:
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Time Savings: Many clients have reported significant reductions in document processing time, with some noting up to 90% faster processing compared to manual methods.
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Accuracy Improvement: The tool’s AI capabilities have led to a notable decrease in errors, enhancing the reliability of financial data.
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Seamless Integration: Clients appreciate how Extractly integrates smoothly with existing accounting software, making adoption straightforward.
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Scalability: The platform efficiently handles large volumes of documents, accommodating the needs of both small businesses and larger enterprises.
Common Challenges Noted:
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Initial Setup: Some clients mentioned that setting up and configuring the system requires an initial investment of time and resources.
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Document Quality Sensitivity: The accuracy of data extraction can be affected by the quality and complexity of the documents processed.
Additional Insights:
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Cost Efficiency: Clients have observed a reduction in processing costs, with some noting up to a 98% decrease compared to manual processing.
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User-Friendly Interface: The intuitive design of Extractly has been highlighted as a factor that facilitates quick adoption and ease of use.
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Security Measures: Clients value the platform’s robust security features, ensuring the protection of sensitive financial data.
Overall, our internal data indicates that Extractly offers substantial benefits in terms of efficiency and accuracy for accounting and finance professionals. While there are some initial setup considerations, the long-term advantages appear to outweigh these challenges.
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FAQ
1. How does the credit system work?
Each document extraction uses credits based on complexity; simple forms use fewer credits than complex documents.
2. Can I change plans at any time?
Yes, you can upgrade or downgrade your plan anytime; changes take effect immediately with prorated billing adjustments.
3. What types of documents can I process?
Extractly supports PDFs of any complexity, including invoices, contracts, forms, financial statements, and more.
4. Is there a free trial available?
Yes, all plans include a 14-day free trial with full feature access; no credit card required to start.
5. What happens if I exceed my monthly limit?
You can purchase additional extraction credits or upgrade your plan; we'll notify you before you reach your limit.
6. Is my data secure with Extractly?
Absolutely; we are SOC 2 Type II compliant, encrypt all data in transit and at rest, and follow enterprise-grade security practices.
7. Can I customize Extractly to fit my specific needs?
Yes, Extractly offers customizable templates and integration options to tailor the service to your requirements.
8. How does Extractly handle large volumes of documents?
Extractly is designed to efficiently process large document volumes, ensuring scalability and performance for high-demand users.
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