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ANB Signs an MOU with Pravici to Explore More Business Opportunities using BlockChain Technology

February 11, 2020

Houston, TX: ANB Systems, Inc., a leading workflow management solutions provider for several large utilities in the US has teamed up with Pravici, an Arizona based Blockchain Solution provider. Pravici, LLC. develops blockchain and distributed ledger software products, offers services surrounding its software, and has a custom software development practice.

ANB has entered into a strategic partnership with Pravici, to enhance their business development operations for two of their products - eTRACK+ that helps utilities swiftly implement new programs, manage interconnection applications, and engage with trade allies cost effectively; and DRM, Document Recognition & Management System that allows for efficient storage, retrieval, and customized content extraction from documents. DRM can be integrated with several third-party tools using API keys for efficient business operations.

“ANB is always looking for opportunities to extend its products and services for the benefit of our customers. Pravici’s distributed ledger technology will enable ANB to offer another fulfillment option for its workflow solution”, said Mr. Balakrishnan, CEO of ANB Systems, Inc.

Speaking about the strategic partnership, Mahesh Balan, CEO of Pravici said, “We are excited about the potential to unlock tremendous end-customer benefits by enabling streamlined exchange and reconciliation of incentives using Blockchain. The jointly developed solution with ANB Systems can easily be expanded to a large consortium of complementary companies who can participate in the fulfillment ecosystem”.

About ANB Systems Inc : Established in 1997, ANB Systems, Inc builds state-of-the-art software solutions for business process automation, renewable & distributed generation, compliance tracking, and document recognition services. ANB empower their clients to become data-savvy and realize operational efficiencies through implementation of data-tracking and reporting systems.

About Pravici LLC : Established in 2013, Pravici LLC was founded by a team of experienced Blockchain, Loyalty and CRM developers with a deep understanding of the business and technology of Loyalty Systems. Pravici’s TLP Incentive Blockchain can be procured as a service or can be customized to work within your existing loyalty/incentive programs and systems.