Please provide a description of your company in 50 words or less.
ancora Software, Inc. is a leading provider of Intelligent Document Processing (IDP) and Accounts Payable automation solutions. Its AI-driven platform captures, classifies, and extracts data from complex documents with high accuracy, integrating seamlessly with ERP systems to streamline invoice processing, reduce manual effort, and improve financial efficiency.
Why did you join RSPA?
ancora has established a strong presence across the retail, hospitality, and restaurant sectors. We believe that joining RSPA will provide a valuable opportunity to expand our reach and showcase our technology to organizations and reseller partners within these verticals that we may not have previously engaged.
What are the core values of your company?
ancora Software was founded with the core objective of delivering a simpler, more effective approach to processing complex documents such as AP invoices. For over a decade, we have achieved this through our patented machine learning technology enhanced by AI. Today, more than 2,000 customers worldwide rely on ancora to process complex invoices and sales orders. Our streamlined approach enables rapid time-to-value, with implementations measured in hours or days rather than the weeks or months often required by traditional solutions.
What verticals do you serve?
ancora Software serves organizations across all industries. Because every business processes accounts payable invoices, our solutions are designed to help companies of all types improve efficiency, accuracy, and control in their invoice processing operations.
What products/services do you provide?
ancora Software provides Intelligent Document Processing (IDP) and Accounts Payable (AP) automation solutions designed to streamline the capture, classification, and extraction of data from business documents. Its platform automates invoice processing, including header and line-item data capture, document separation, and validation, integrating seamlessly with leading ERP and financial systems.
In addition, ancora offers workflow automation through its ancoraFlow solution, enabling invoice routing, approvals, exception handling, matching, and audit tracking. The company also delivers implementation services, system integration, training, and ongoing support to ensure rapid deployment and long-term customer success.
Name one fun fact that makes your company different from others.
ancora represents the third company our founders have successfully built in the Intelligent Document Processing (IDP) space. The organization fosters a strong, family-oriented culture, with many team members having worked alongside the founders across all three ventures. This continuity has contributed to exceptionally low employee turnover and a collaborative environment where every employee is valued and treated as an integral part of the team.
What is the most encouraging thing you see for the future of the retail IT industry?
Artificial intelligence continues to be a key strategic focus across industries, including retail. At ancora, we view AI as a means to enhance employee productivity and effectiveness, not replace it. With over a decade of experience in AI and machine learning, ancora is uniquely positioned to help retail organizations adopt proven, enterprise-grade technology that delivers rapid time-to-value and is trusted by more than 2,000 customers worldwide.
Connect with us:
The best point of contact is Nick Bova.
Phone: 614-496-6688
Email: nbova@ancorasoftware.com
