Mid-west Based A/P Services Company Purchases ancora Software to Process 6 Million Invoices Annually

SAN DIEGO – August 8, 2019 – A 100-year-old accounts payable services company based in the Midwest purchases ancora Software’s flagship product ancoraDocs. After a bad experience with another leading advanced capture solution and the evaluation of six others, ancora Software was chosen to provide its Business Process Automation solution including Document Classification and Advanced Data Capture.

Currently they are processing more than 500,000 invoices per month, 6,000,000 per year capturing both summary and line item detail data.  Upon full implementation of ancora it has been estimated that they will realize a 70% reduction in data entry labor costs.

Even after their bad experience with another advanced capture software company, the senior management was still convinced that the right product would provide a powerful ROI for their operation and did an extensive search talking to seven different software companies including ancora.  After seeing ancoraDocs they were convinced, because of our machine learning and no setup, that we were approaching the technology differently from everyone else and we have the product that would best fit their requirements.

“We are extremely happy to add an industry leading company to our valued list of customers utilizing ancoraDocs to reduce costs and improve accuracy in processing AP invoices,” said Noel Flynn, CEO of ancora.  “ancoraDocs was chosen because of our growing positive reputation in the AP automation market and our pioneering approach to the technology through machine learning with no setup”, added Flynn.

About ancora Software

ancora Software, Inc. is an innovative provider of Business Process Automation solutions including Intelligent Document Classification and Data Capture. ancoraDocs, our flagship product, was developed to bring simplicity to a technology that historically has been complex, over-priced, and difficult to configure, install, use and maintain.  Our Business Process Automation solutions with patented artificial intelligence and machine learning technologies help companies eliminate costly manual steps in their business processes such as; document classification, document analysis, manual data entry, manual filing, etc.  Businesses using ancora Software achieve faster and less expensive business process automation and better controls over valuable critical information. Headquartered in San Diego, CA, ancora Software maintains sales and support operations throughout North America and the UK. To learn more about ancora Software, visit http://www.ancorasoftware.com

Media Contact:

Nick Bova

ancora Software Inc.

402 West Broadway, Suite 400

San Diego CA 92101

Office: 614-496-6688

nbova@ancorasoftware.com

www.ancorasoftware.com