SAN DIEGO, Calif., March 6, 2018 /PRNewswire-PRWeb/ — ancora Software, Inc. specializing in business process automation solutions today announced the release of version 4.0 of its flagship software ancoraDocs. ancoraDocs was developed to bring simplicity to a technology that historically has been complex, over-priced, and difficult to configure, install, use and maintain. This new release utilizes the latest innovations in machine learning and artificial intelligence along with a web-based user interface and architecture that provides the ability to scale operations up and down on demand. The software can be deployed on-premise, in the cloud or in a hybrid environment.

This new version of ancoraDocs, includes for the first time, a user-trainable and configurable system for identifying and classifying any business documents. For example, Invoices originating in different countries, Purchase Orders, Bills of Lading, Packing Slips, Healthcare Documents, College Transcripts, Mortgage documents and attachments accompanying them without the need to use barcoded separator sheets or manual pre-sorting of multi-page documents. By applying our machine learning and artificial intelligence the software is also capable of learning based on operator actions. ancoraDocs eliminates the manual setup of templates based on different types of documents relying instead on simply identifying the data elements to be captured. It also takes advantage of processing electronically generated documents like first generation PDF’s without the use of time expensive OCR.

“With this new release we have harnessed the power of deep learning technologies and specifically applied them to the challenges of document classification and data capture to create a solution that is highly intuitive; and able to intelligently learn from users’ behavior, said Noel Flynn, CEO of ancora Software. “In addition, by eliminating much of the manual setup and configuration that exists in competitive’ products we have reduced implementation time exponentially. We focus on making all of our solutions easy to use, easy to deploy, and easy to support for our partners and end users”, added Flynn .

In addition, our patented document classification engine is available as an API. This provides software development companies and ISV’s the ability to tightly integrate this advanced technology into their solutions when document classification is a requirement.

About ancora Software
ancora Software, Inc. is an innovative provider of Business Process Automation solutions including Intelligent Document Classification and Data Capture. ancoraDocs, our flagship product, was developed to bring simplicity to a technology that historically has been complex, over-priced, and difficult to configure, install, use and maintain. Our Business Process Automation solutions with patented artificial intelligence and machine learning technologies help companies eliminate costly manual steps in their business processes such as: document classification, document analysis, manual data entry, manual filing, etc. Businesses using ancora Software achieve faster and less expensive business process automation and better controls over valuable critical information. Headquartered in San Diego, CA, ancora Software maintains sales and support operations throughout North America and the UK.

Media Contact:
Nick Bova
ancora Software Inc.
525 B Street, #1500
San Diego CA 92101
Office: 844-626-2672
nbova(at)ancorasoftware(dot)com
http://www.ancorasoftware.com

SOURCE Ancora Software