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eVISO releases its cash flow management tool based on artificial intelligence
A unique live tool, capable of creating future scenarios; a better financial management to mitigate risks and reduce costs in increasingly complex environments.
news 25 July 2023, 09:59
Saluzzo (CN), 25 July 2023 – eVISO S.p.A. (EVISO) – a digital, EGM-listed company with a proprietary artificial intelligence infrastructure operating in the commodity sector (electricity, gas, apples) – announces the new release of its proprietary cash flow management tool.
Developed by an in-house eVISO team, the tool allows for real time monitoring of balances, cash flows and alert levels by using the latest available data. The system adapts in real time to daily changes, including external market factors such as the Single National Electricity Price (PUN), which have an impact on the company’s business. eVISO can thus process and analyse data in real time, providing an up-to-date view of finances, with a forecast extending up to a 4-month period.
One of the main new features of the tool is its integration with the company’s accounting system, allowing all invoice data to be captured directly from the company’s ERP. Thanks to a robust accounting infrastructure, eVISO is actually able to automatically and comprehensively classify all cash movements and invoices, assigning them to well-defined categories (processing about 500,000 data per year). This approach gives a complete and detailed view of the company’s financial past, providing all relevant historical data on cash movements.
Thanks to the development of this tool, the company is able to scale its portfolio of managed volumes many times over, moving from an optimised on-demand system to an optimised real-time system.
The tool is natively secure, as it is intended for internal use only and has no connection to the cloud.
Federica Berardi, CFO of eVISO, commented: “This type of tool is useful in a market with high volatility of both prices and volumes, where a large amount of data needs to be managed. The system makes it possible to foresee critical situations relating to the company’s cash flows in the short term, thus allowing any corrections to the business model to be implemented quickly and activating financial lines to support operations. Having a vision of the future cash flow also allows us to support strategic decisions on the various business channels”.
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This press release is available in the News & Media section of the website https://www.eVISO.ai/.