Aston IT Finance receive Innovation Award 2030, Big Data Category

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Big data innovation awards

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, represents often more than 40 % of companies’s assets . A Source ofinternal cash, and of possible financing, Accounts receivables is an asset ofte underemployed by companies., that also requires an optimized management of it’s creditrisk.
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 .
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.

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