Factors that have contributed to this success include AP automation, machine learning adoption, ease of installation, ease of use and competitive pricing, as well as the strategic partner channel, according to the company.
ancora Software, a provider of intelligent process automation solutions including intelligent document classification and data capture, announced October 17 another record growth with 86 new customers in the third quarter of 2022. This puts the business in a good spot to reach the milestone of 1,000 customers before the end of the year.
Critical to ancora’s continued growth has been its focus on developing strategic partnerships with companies in the RPA, ERP, P2P and ECM space that complement ancora’s intelligent process automation solutions. As strategic partner, these companies can incorporate ancora’s software, to provide a complete end-to-end solution with integrated document capture, AP automation and other intelligent process solutions.
ancora Software’s CEO, Noel Flynn, said: “This growth is affirmation of our simple approach to AP Automation, adoption of Machine Learning, ease of installation, ease of use and very competitive pricing allowing many more customers to benefit from ancora. Another contributing factor to our success is in large part due to our strategic partner channel which has helped us rapidly find and add customers who are an ideal fit for ancora.”
The CEO added: “As technology transforms processes and unlocks new possibilities. ancora has carved out a sweet spot for growth. Our strategic partner channel truly understands the value of our solutions—and has helped us grow even faster than we had predicted. We look forward to continued record growth in 2023.”
ancora Software recently announced that its intelligent data capture solution has been selected by Fox’s, a New York-based women’s designer clothing retailer, to transform the accounts payable process.
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. ancoraDocs, its flagship product, simplifies document capture and is processing millions of invoices each year.
The full press release can be found here.
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