With the advent of digitalisation, businesses have increasingly shifted towards digital transactions and records. However, some records like bank statements still come in the form of PDF files, which can be difficult to work with. Extracting data from PDF files manually can be a time-consuming and error-prone process, particularly when it comes to filling in tax returns and other year end filings. That’s where Textreme and its automatic table extraction comes in. In this post, we’ll discuss the benefits of using Textreme for filling in tax returns.
Manually extracting data from PDF files can take up huge amounts of time, particularly if there are a lot of statements to process. With Textreme’s automatic extraction, you can access formatted data quickly and accurately, saving valuable time that can be used for other tasks.
Manual data extraction from PDF files is prone to errors, particularly when dealing with a large number of similar files. By using Textreme, the chances of errors are reduced significantly, as the software is designed to extract data accurately.
Manual data extraction can be inconsistent as different people have different methods of extracting data. Textreme provides a consistent method of data extraction, ensuring that the format for similar files is consistent.
Easy to Use
Textreme is extremely user-friendly and easy to use, making it accessible to anyone with basic computer skills. This means that you don’t need any specialised training to use the software. It’s as simple as uploading a file!
Hiring someone to extract data from PDF files manually can be expensive, particularly if you have a large number of files. Textreme has flexible sign-up options; choose a monthly or yearly subscription that meets your needs.
Improved Data Management
Textreme can export to Excel, CSV, plain text or Markdown, ensuring that your data can be imported directly into tax return software, eliminating the need to manually enter data. This improves data management, as it reduces the chances of errors and ensures that data is entered consistently.
In conclusion, using Textreme to automatically extract tabular data from PDF files can significantly reduce the time and effort required to fill in tax returns. It is accurate, consistent, easy to use, cost-effective, and improves data management. If you’re looking for a way to take the effort out of filling in tax returns, subscribe to Textreme today!