FileTract

FileTract

FileTract is a B2B AI-powered software solution that automatically extracts, analyzes, and organizes financial data from bills and invoices into customized folders, eliminating manual data entry.
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FileTract

Product Information

Updated:Apr 23, 2025

What is FileTract

FileTract is an innovative business software platform that transforms how companies handle their financial documentation. As a newly launched solution, it combines artificial intelligence with automated data processing to help businesses manage their financial records more efficiently. The platform is designed to tackle the time-consuming task of manual data entry by providing an intelligent system that can handle various types of financial documents, from bills to invoices, and organize them systematically.

Key Features of FileTract

FileTract is a B2B software solution that leverages AI technology to automate data extraction from bills and invoices. It offers automatic transaction sorting, document management, and financial data analysis capabilities. The system can process multiple document formats, organize transactions into custom folders using natural language rules, and provides real-time insights while maintaining high accuracy rates.
AI-Powered Data Extraction: Automatically extracts structured data from PDF documents and various file formats with 99% accuracy, eliminating manual data entry
Smart Transaction Organization: Uses natural language rules to automatically sort transactions into customized folders, with adaptive learning capabilities that improve over time
Financial Analytics Dashboard: Provides real-time insights into cash flow and spending patterns, enabling informed business decisions
Secure Document Management: Features bank-grade 256-bit AES encryption and SOC 2 Type II compliance for secure handling of financial documents

Use Cases of FileTract

Financial Department Automation: Streamline invoice processing and financial document management for accounting teams
Business Expense Tracking: Automatically categorize and organize business expenses for better financial management
Compliance Documentation: Maintain accurate records of financial transactions and documents for audit purposes

Pros

High accuracy rate (99.9%) in data extraction
Time-saving automation of manual data entry tasks
24/7 customer support availability

Cons

New product with first launch in 2025
Limited track record and user reviews

How to Use FileTract

1. Upload Documents: Upload your financial documents (invoices, bills, bank statements, receipts) in supported formats like PDF to the FileTract platform
2. Set Transaction Rules: Use natural language to tell the AI how to organize your transactions (e.g. 'Send transactions mentioning 'gas' to the 'Car' folder'). No complex programming required.
3. AI Processing: The AI automatically extracts key data from documents, analyzes the information, and organizes transactions according to your rules with 99% accuracy
4. Review Dashboard: Access your organized financial data on the dashboard to view insights, spending patterns and cash flow in real-time
5. Export Reports: Generate and export reports of your processed and organized financial data as needed
6. Ongoing Optimization: The AI learns from your preferences over time and becomes more accurate at organizing transactions automatically

FileTract FAQs

FileTract is a B2B software that uses AI to automatically extract data from bills and invoices, analyze financial data, and sort transactions into designated folders.

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