SAN DIEGO, Calif. (PRWEB)July 12, 2022
ancora Software, Inc., a global leader in intelligent process automation solutions including Intelligent Document Classification and Advanced Data Capture, announced today, after a record-breaking 1st quarter, the addition 72 new customers in the 2nd quarter, boosting its total customer count to over 800 globally with a strong pipeline for Q3. ancora continues to see the transition to Cloud and subscription contracts in the AP space, 50% of the 72 new customers in Q2 were either in the cloud or subscriptions.
With the great results in Q2, ancora is on pace to exceed 1,000 customers by the end of 2022. The ancoraDocs AP Automation solution for invoice Classification and Data Capture continues to be recognized by organizations globally as the best solution on market.
“Customers are turning to ancora to help tackle the challenges associated with inefficient manual data entry into legacy systems, said ancora’s CEO Noel Flynn. “With ancora’s game changing technology they achieve a high degree of accuracy, efficiency and speed resulting in significant cost savings and workforce productivity.”
ancora continues to be key in digitizing processes and removing expensive, error-prone human touch points in document-intensive applications. ancora Software’s patented unassisted and assisted machine learning algorithms continuously learn, helping customers achieve labor savings of up to 85% by minimizing or eliminating manual document sorting and classification and manual data entry.
About ancora Software
ancora Software, Inc. is an innovative provider of Intelligent Process Automation solutions including Intelligent Document Classification and Data Capture. Its flagship product, ancoraDocs, simplifies document capture. ancora Software’s patented artificial intelligence and machine learning technologies help organizations eliminate costly manual steps in their business processes such as document classification, document analysis, manual data entry, and manual filing. Organizations using ancora Software achieve faster and less expensive business process automation and better controls over their mission-critical information. Headquartered in San Diego, CA, ancora Software maintains sales and support operations throughout North America and in the United Kingdom.
For more information about ancora Software, Inc. visit http://www.ancorasoftware.com