Invoice Processing
Save time and reduce errors to improve financial performance for your business with invoice processing automation from ancora.
Invoice challenges
Reduce operating costs and improve vendor relations
Invoice processing represents a significant overhead cost for most businesses. Processing invoices quickly and accurately is crucial to reducing operating costs and improving key vendor relationships.
ancora uses artificial intelligence and machine learning to reduce both the costs and errors of processing paper and electronic invoices. Wrong or missing data is automatically flagged through built-in exception handling tools, allowing you to focus only on issues that need attention.
CASE STUDY
ancora Fills Gap for P2P Customers with Non e-Invoices
ancora engaged with a multi-billion dollar a year tree care and vegetation management company. The customer utilized a popular procure-to-pay (P2P) solution, but not all their vendors were willing to comply with the P2P system’s invoicing requirements. Consequently, they had to manually process non e-invoices from these vendors, resulting in significant cost and labor.
Check out our case study to learn how ancora optimized this customer’s AP workflow. Our Intelligent Document Processing solution automated data capture from non-e-invoices. ancora converts invoice data into machine-readable form and applies built-in artificial intelligence and validation rules to ensure accuracy and completeness. The customer now has touchless processing with over half of their invoices, with the number growing each month.
AI Driven
ancora utilizes AI and machine learning to intelligently process invoices and provide two-way matching to PO's
Simple Setup
ancora can be configured in a matter of days, not weeks or months
Proven Results
Hear it directly from our customers and partners alike- ancora's platform delivers as promised
Reduce Labor
ancora optimizes document centric workflows, which can reduce manual data entry and processing
Optimize AP With ancora
Revolutionize your manual invoice entry process with the power of automation to gain efficiency
Reduce Processing Costs
On average our customers save $12 per invoice in processing costs from reduced touch points, data entry, and errors.
Seamless Integrations
We provide native and standard exports for many of the leading ERP, Workflow, and ECM Systems to simplify integrations.
Flexible Implementation
ancora offers a fully web based user experience from anywhere and can be deployed on-Premise or in the Cloud.
Process Benefits
Innovate invoice processing with artificial intelligence
AP departments can get bogged down in the manual tasks involved in invoice processing. Watching for paper invoices to come in, shuffling them around to get approvals and make payment, and finally they need to be filed. It’s easy for invoices to get lost in this shuffle. Electronic invoices still involve a lot of manual data entry when systems aren’t integrated, or when two-way match to purchase orders must be handled manually.
These manual tasks go away with ancora. ancora utilizes artificial intelligence and machine learning to automate the data capture process for paper and electronic invoices. Two-way match is also automatic, which can be an immense time-saver.
Automating your invoice processing workflows can drastically accelerate your AP lifecycle, improving your relationship with your vendors while also reducing costs.
Click below to start the data transformation process within your organization