Construction
ancora streamlines construction project management through real-time collaboration, advanced analytics, and enhanced document management, improving efficiency, decision-making, and regulatory compliance.
Construction CHALLENGES
Revolutionizing construction operations with AI and ML
ancora has the potential to revolutionize accounts payable (AP) for the construction industry through the deployment of advanced artificial intelligence and machine learning algorithms. These technologies enable ancora to automatically process invoices and goods receipts, drastically reducing manual effort and minimizing errors. By increasing visibility and leveraging robust automation tools, ancora can help ensure that projects stay on schedule and within budget.
CASE STUDY
ancora Provides Efficient Scaling for Denbury Homes
Denbury Homes was feeling the pain of growth without efficiency. Their manual invoice handling was growing ever more onerous amidst business growth, and their AP department was struggling to keep up. They had a target of having 100% electronic automated invoice processing to streamline their financial operations, but needed a solution to help them get there.
Denbury Homes optimized their accounts payable workflow by integrating ancora with the Access COINS ERP system—enabling them to scale their business up without having to scale out their AP team.
By leveraging ancora’s AI and machine learning for automated data capture and validation of non-EDI invoices, Denbury Homes has cut down manual processing, improved accuracy, and reduced invoice disputes. The result: a 10–20% reduction in AP team workload and a more efficient, scalable AP process.
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 Construction with ancora
Revolutionize your document processing 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
Optimize with Automated Invoice Processing
ancora’s automated invoice processing reduces the need for manual data entry and minimizes errors, speeding up the entire accounts payable process. ancora provides real-time visibility into invoice statuses, enabling better cash flow management and financial forecasting. This optimization of invoice processing not only saves time and reduces costs but also ensures that contractors and suppliers are paid promptly, fostering better relationships and smoother project execution.
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