ancora Delivers Where Competitors Could Not
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About Fox's
Fox’s has been providing designer clothing and accessories for over four decades, with 18 retail outlets throughout the United States. They processing between 1,000 and 2,000 supplier invoices per month.
They operate with an internally developed ERP system tailored to manage inventory, billing, and fulfillment. Fox’s accounts payable team needed an integrated solution and partner that would help relive them of time and trouble spent examining each invoice and inputting the data manually.
- Internally developed ERP solution
- 18 Physical locations and online commerce store
- Processing thousands of invoices per month
The challenge
The client needed to move away from manual invoice handling in weeks, not months
Fox’s operates with an internally developed ERP system tailored to manage inventory, billing, and fulfillment. Despite previous attempts with another provider to automate line item capture from invoices to match to PO’s, Fox’s was dissatisfied as the promised functionality turned out to be absent.
Fox’s had a few requirements. They desired a rapid solution, achievable within weeks rather than months. They were seeking line item inspection of invoices with automated two-way match to purchase orders.
They also wanted to entirely move away from manual invoice handling with the accompanying costs and hassle of tracking and filing paperwork.
The customer chose ancora as their Intelligent Document Processing solution primarily based on the quick deployment timeline and ERP integration capabilities.
The solution would need to integrate with their existing internally developed ERP solution to and help eliminate manual processing costs.
Challenges:
- Non e-invoicing requires manual entry and review of invoice data
- Line item inspection was taking place after payment, with credit memos requested after discrepancies with shipments were observed
- Needed quick turn-up and seamless integration with their internally developed ERP system
Fox's Case Study
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To see how ancora’s Intelligent Document Processing solution was deployed to help automate the capture and extraction of data from Fox’s non e-invoices, please click the link below.
THE SOLUTION
ancora delivers where competitors could not
ancora’s Intelligent Document Processing solution was deployed to help automate the capture and extraction of data from Fox’s non e-invoices. Advanced AI algorithms and intelligent data validation rules within the system ensure the precision and entirety of the extracted information.
With little intervention required, the ancora system posts invoice information directly into Fox’s internally developed ERP, saving Fox’s AP team the time and trouble of examining each invoice and inputting the data manually.
With ancora, Fox’s AP process has been optimized. They no longer have to track paper invoices, or manually match their invoices to their purchase orders. Fox’s AP team has been freed up to perform other back office tasks, saved from the tedious work of manually filing invoices.
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