1. Paris, the 24th march 2014
Press Release
ASTON iTrade Finance, the SaaS 2.0 specialist of IT platform for total management of Accounts
Receivables (Supply Chain Finance), won the 2030 World Innovation Contest, organized by the
French government.
Trade receivables, typically represents more than 40 % of a companies's assets. A Source of inter-
nal cash, and of possible financing, Accounts receivables is an asset often underemployed by
companies, that also requires optimized management of it's credit risk.
Big Data applied to Finance, provides major advanced in terms of IT solutions in this area. It is in
this context that ASTON iTrade Finance is the winner of the Global Innovation Contest,
announced the March 20th, 2014, in the Big Data category, of the competition launched by the
French government and chaired by Anne Lauvergeon, former head of Areva.
ASTON iTF has been selected in this international competition from over 600 candidates. ASTON
iTF will receive an allocation of up to 20M euros over 3 years in order to accelerate its R&D
programs.
ASTON iTF launched in particular it's "Big Data Collection" application to optimize payments
collection, recovery time and reducing the DSO (Days Sales Outsanding). It's a major innovation
with predictive modules for collection process, the matching of historical and projected turnover
data, with buyer credit limits and notification module, customized per user. Its SaaS 2.0 platform
automatically adapt itself to business processes , provides powerful dashboard reporting, alert
managers, prioritize actions, in real time.
The Aston iTrade Finance expertise in Big Data is based on his Corporate finance experience, the
development of financial and stastistical algorithms and the valorisation of corportate data from
"Web crunch".
ASTON iTF, therefore puts France at the avant garde of Financial Big data.
Contact : www.astonitradefinance.com - contact@astonitf.com