Episode #21: Aston AI – I’m going to continue talking about our ecosystem of startups and partners in the Finance sector. Talking about them also means preparing for tomorrow.
All these Microsoft France partners I’m talking about are often small and medium-sized companies. For several years now, we’ve been working with them on a daily basis to meet the challenges of larger companies in the finance sector, and even in other sectors.
“I think that in these difficult times, talking about an organization, a startup is also about continuing to value the expertise of its employees and making it exist in this context of uncertainty.”
Today, I’ve decided to talk to you about Aston AI, a French fintech offering the 1st European platform, in SaaS mode, to optimize debt collection for credit managers.
Its added value:
Debt collection is a major challenge for all companies, enabling them to optimize their cash flow while managing and reducing their risks. In France, one in 2 invoices is paid late, which can have a serious impact on a company’s cash flow. It is estimated that 25% of business failures are linked to late payment.
To meet this challenge, financial institutions offer factoring and Dailly solutions to reduce collection times and optimize cash flow, while taking on the risk associated with future invoice collection. In this period of Covid19, optimizing cash management is a priority to help you obtain bank financing more easily, 90% of which is guaranteed by BPI.
Aston AI, offers both a solution for companies and for financial institutions, factors and banks. These solutions are based on making the best use of digital technology, offering 100% digital, multi-device customer journeys, and benefiting from both Artificial Intelligence and data visualization. AI can be used to identify and manage risks, enabling the company or financial institution to send reminders to its counterparty at the most appropriate time.
The SaaS solution runs on Microsoft Azure. It can be implemented rapidly and is also white-labeled, enabling banks and factors to offer their customers a simple, 100% digital customer experience.
Its uses :
For companies, SMEs and ETIs, the solution enables you to identify the forecast collection time and risk for each counterparty, thanks to data analysis. It enables automatic dunning actions to be carried out on receivables at the right time, thanks in particular to the use of Artificial Intelligence. Track disputes and reconcile credit insurance policies with collections at risk. Dashboarding provides the analysis you need for end-to-end debt collection management.
The solution offers companies: 80% automated actions and 50% reduction in late payments, representing 2 to 6 weeks’ extra cash flow.
For Factors and Banks, Aston AI enables them to offer their customers a turnkey, white-label, multi-device, invoice-based financing solution, accessible from the bank’s or factor’s portal. This solution enables the financial institution to offer its customers a purely digital on-boarding and bill delivery experience. The factor or bank manages invoice financing and debtor reminders on the same end-to-end basis.
Turnkey SaaS solution up and running in less than 3 months, offering the highest standards for a 100% digital experience
An example of a project :
Aston AI and BNP Paribas Factor have decided to join forces to help SMEs optimize their cash flow.
This partnership combines BNP Paribas Factor’s expertise in reducing trade receivables risk through factoring and Aston AI’s data, AI and Cloud expertise to optimize risk management and help credit managers make better decisions.
Click here to find out more: Partnership between Aston AI and BNP Paribas Factor
If you would like to find out more, please contact your Aston AI contact: Contact
About Microsoft: please contact me to find out more about our solutions for the banking and insurance sector and those of our partners. We can organize a #PassezSurTeams meeting to discuss these topics in greater depth.