Retail
ancora offers retailers streamlined invoice processing with automated two-way match to purchase orders, which optimizes operations by harnessing the power of artificial intelligence and machine learning.
Retail challenges
Reduce operating costs and improve vendor relations
Retail businesses face a variety of challenges that can impact their operations, profitability, and growth. Invoice processing automation can help retailers stay on top of their purchasing needs, to meet their customer demands while at the same time scaling efficiently.
ancora utilizes sophisticated AI and machine learning algorithms to automatically capture invoice data from paper and electronic invoices, which saves time and reduces errors from manual entry. Automated two-way match to PO’s accelerates invoice processing. Faster processing of invoices makes vendors happy, while ancora’s built-in intelligence capabilities help retailers to more easily spot and address discrepancies.
With ancora’s intelligent document processing, retailers benefit from enhanced data accuracy and operational efficiency, allowing them to focus more on customer service and growth.
CASE STUDY
ancora Delivers Where Competitors Could Not
Fox’s has been providing designer clothing and accessories for over four decades, but their AP process was a thing from the past. Everything was manual, from handling invoices to matching up line items to purchase orders.
Check out our case with Fox’s to learn more about how ancora was implemented lightning-fast to replace a competitor product that had failed to deliver.
Hear it straight from Fox’s CFO: “I was amazed that ancora does everything it says it can do, and does it well. It was a breeze to set up and we were able to implement within a couple of weeks.”.
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
Automated invoice handling with two-way match
Retailers have enough to worry about- consumer trends, supply chain issues, economic fluctuation, the list goes on. With automated invoice processing, the AP process becomes one less thing to worry about.
ancora seamlessly captures invoice data, converting it into machine-readable format with advanced AI ensuring accuracy and completeness.
ancora can post invoice information directly into an ERP system, and automated two-way matching between POs and invoices saves your AP team from tedious and inefficient manual data entry and matching tasks.
With an optimized AP workflow provided by ancora’s powerful document processing platform, retailers can gain an edge while freeing up their resources to focus on the next challenge.
Click below to start the data transformation process within your organization