ancora Software reaches milestone and signs 1000th customer

CEO Noel Flynn attributes much of the company’s success to the strength of its products – software solutions that enable customers to keep costs down by reducing manual touch points in the accounts payable process – as well as ancora’s Parter Program with its strategic partner channel.

ancora Software, a provider of intelligent process automation solutions including intelligent document classification and data capture, announced April 18 that it has signed its 1000th customer. This milestone caps two years of exponential growth for the company.

At a time when several large technology companies are laying off employees, ancora Software is able to continue its record growth. Noel Flynn, CEO of ancora Software, said: “We are thrilled to have reached this milestone and grateful for the trust our customers and partners have placed in us. There is nothing more fulfilling as a company than starting from the very beginning and watching the customer base continually grow over time. But now that we have reached this magical 1,000 customers we are not just sitting back, in Q1 2023 we signed 56 additional new customers putting the company well on its way toward reaching our goals.”

Last October, ancora Software had announced the signing of 86 new customers, marking record growth in Q3 2022.

San Diego-based ancora Software helps organizations eliminate manual steps in their business processes such as document classification, document analysis, manual data entry, and manual filing thanks to its patented AI and ML technologies. ancoraDocs, its flagship product, simplifies document capture and is processing millions of invoices each year.

You can find the full press release here.

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