ASTON AI, the specialist in SaaS Order to Cash platforms for trade receivables, has won the Concours Mondial d’Innovation 2030 for its BI & AI dashboards.
Trade receivables account for over 40% of corporate assets. A source of internal cash and financing, this often under-utilized asset also requires optimized credit risk management. Big Data applied to finance or “fintech” brings a major breakthrough in terms of solutions in this field.
It’s against this backdrop that ASTON iTrade Finance won the Big Data category of the Concours Mondial d’Innovation on March 20, 2014, a competition launched by the French government and chaired by Anne Lauvergeon. ASTON AI was selected from over 600 entries in this international competition. ASTON AI will receive a grant of up to 20M euros over 3 years to accelerate its R&D programs.
In particular, ASTON AI launched its “Big Data Collection” application to optimize customer follow-up and reduce DSO. Major innovation with predictive modules for dunning and order management, cross-referencing of historical and forecast sales figures with credit limits, and customized notification modules for each user. Its SaaS 2.0 platforms self-adapt to company processes, providing dashboards by customer or consolidated, alerting managers and prioritizing their actions, all in real time.
Aston iTrade Finance’s expertise in Big Data is based on its experience in corporate finance, the development of statistical and financial algorithms, and the leveraging of massive data from the web crunch.
ASTON AI places France among the world leaders in financial Big Data.
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