Aston AI (now 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”, offers a major breakthrough in terms of solutions in this field.
It’s against this backdrop that Aston AI won the Big Data category of the Concours Mondial d’Innovation, a competition launched by the French government and chaired by Anne Lauvergeon, on March 20, 2014. Aston AI was selected from over 600 candidates 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 for optimizing customer reminders and reducing DSO. Major innovations include predictive modules for managing reminders and orders, cross-referencing historical and forecast sales 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 AI ‘s expertise is based on its experience in business nance, the development of statistical and financial algorithms, and the leveraging of massive data from the “web crunch”.
Aston AI thus places France among the world leaders in financial Big Data.
