Hello, I’m Amélie Baroukh, credit manager at CIS Bio International since 2012, specializing in nuclear medicine.
To learn more, read our guide: “7 Ways to Reduce DSO,” and check out our debt collection software.
When I joined the company, I was put in charge of cash management and was tasked with improving the level of cash receipts. So I looked for solutions on the market from various companies. We came across Aston AI, which we felt was well suited to our accounting software and requirements. We decided to cooperate.
(Why Aston AI?)
CIS Bio International has sales of 110 million euros. Our aim was to reduce DSO and improve cash flow. We implemented Aston AI, and the results were almost immediate. We were able to move away from manual reminder tasks, whether by phone or email, and switch to mass reminders. The results were a 20% increase in collections and a 25% reduction in tedious tasks. As a result, my accountants were able to devote their time to much more interesting analytical tasks than dunning.
(Quels sont les gains obtenus dans votre quotidien grâce à la plateforme Aston AI ?)
So it was easy for everyone to get started. For CIS Bio International and my entire accounting team, the time saved, the gains in efficiency and data veracity are more than possible. We can’t afford to go back and part with Aston AI.
The Aston AI platform now allows me to provide dashboards to my management team fairly quickly, since we have a fairly high volume of requests. They constantly monitor customer trends—both delinquent and timely payers—as well as cash flow trends. I’m frequently asked to quickly provide accurate and concrete data on our customers and the status of our aged receivables. We’ve created reports with Aston AI that are now available directly on the platform. These reports are tailored specifically for us—customized by our teams—and allow us to generate the reports requested by our management in less than 5 minutes.
Another positive point about the Aston AI platform is that the data we publish today is an exact reflection of our accounting. We don’t question the tables we distribute to our management or other internal CIS Bio International customers.
We decided to involve sales staff in cash management. That’s why we developed accesses for each of them, so that they can access their customer file during their appointments and see the account status, outstanding amounts and, if necessary, any missing invoices, so that they can print them out, without having to call the accountants and become autonomous in these tasks.
(To go further! With Aston AI)
As our cooperation is working very well, we decided when factoring was announced within our company to cooperate again with Aston AI in order to build up the files, approach the bank directly, communicate with them and provide all the data they needed to be able to do our factoring sessions. The first sessions went well, the data transmitted was once again exhaustive, and from an accounting point of view we can follow everything that happens between our accounting, Aston AI and the bank and find our way around correctly. Once again, our cooperation has been a success.
Aston AI has this module in its platform, so we entrusted it with 100% of the work. The project was implemented very quickly. Aston AI was able to meet all our bank’s technical requirements. The first sessions ran smoothly and easily, with no need to mobilize CIS Bio International’s internal resources.
See also: Lorial’s story on automating follow-ups.
