[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][vc_empty_space height=”50px”][vc_column_text]Aston AI has just signed a partnership agreement with BNP Paribas Factor to provide better support for SMEs.
This partnership has a triple benefit for SMEs. Firstly, it provides companies with steering tools that enable finance and credit management departments to optimize the management of their working capital requirements. Secondly, companies will benefit from financing lines tailored to their business growth and secured by the assignment of invoices. Finally, small and medium-sized businesses will have complete control over the risk of non-payment, thanks to the implementation of credit insurance programs.
Xavier Vengeon, Deputy Sales Director of BNP Paribas Factor, explains: “A company’s most important asset is its receivables. If this asset is well managed, the entire business is strengthened. French companies are becoming increasingly aware of this issue. In this context, factoring is an effective tool. Having become the leading short-term financing technique since 2018, factoring offers companies effective solutions for financing, dunning and guaranteeing against non-payment. As a result, they have sufficient funds to pursue their development with complete peace of mind.”
Aymeric Dupas, Managing Director of Aston AI, adds: “Because the Credit Manager is the guarantor of DSO and WCR optimization, he must constantly juggle objective analysis of accounting data. They must also take into account the many ‘human’ variables that influence customer risk analysis and, ultimately, the company’s overall sales strategy. The contribution of technology, in particular the combination of Cloud, Big Data and Artificial Intelligence, facilitates decision-making and increases productivity to secure working capital.”
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