Press release
Paris, April 17, 2019,
The impact of late payment in France is considerable: 56 billion euros in late payment costs, 12 billion euros in lost cash flow for companies, 25% of SME bankruptcies.
Nearly half of all invoices are paid late, and the average delay is more than 11 days beyond the 60-day statutory deadline. And yet, according to PwC, 54% of CFOs want to finance their growth through working capital in 2019.
Controlling customer risk has never been more important. Data is often present in the company. However, it is not in a form that enables it to be easily exploited, nor as a decision-making tool.
What’s our solution?
That’s why Aston iTF has decided to offer companies a new data analysis module based on Big Data and the latest data visualization technologies: ASTON 360°.
What business benefits does this solution bring?
With this solution, you can analyze your performance indicators from multiple angles and graphically. In just one click, you can generate all your reports. You can have a group view, or zoom in on a specific part of your organization (subsidiary, customer, salesperson, sales channel or any other criterion). You’ll be able to identify areas of performance and improvement. But also build the right action plans to improve DSO and WCR performance, and collaborate more effectively within your company.
The tool provides access to several views, such as Aged Balance, Cash Follow-up, DSO tracking, Dispute tracking, Sales tracking, Top customers and 360° vision.
Who is ASTON iTF?
Aston iTF is a FinTech, accredited by Finance Innovation. Our aim is to use new technologies such as the Cloud, Big Data and Artificial Intelligence to serve the finance professions. We develop SaaS applications for credit managers and debt collectors. Aston iTF relaunches 165,000 companies every day and manages more than €3.5 billion in flows. Thanks to our solution, on average our customers are able to automate 80% of their collection actions and reduce overdue receivables by 50%.
Contact : www.astonai.com – contact@astonai.com
Discover ASTON 360 in 32 seconds
Discover our solution in 3’54 chrono
Related articles:
