European Commission logo
English English
CORDIS - EU research results
CORDIS

European companies will be more competitive by Invoice Risk Prediction and a Truly Transparent and Fair Global Factoring Spot Market.

Project description

New AI tool to predict invoice paydays

Many small and medium-sized companies are facing challenges on a daily basis to keep their operations afloat. Cash flow and the company's liquidity often cause great uncertainty that can potentially lead to bankruptcy. While accessing finance through invoice trading (factoring) is already established in the market, the practice currently favours the financier rather than the seller. The EU-funded IRP project is developing a new, real-time, spot market solution that enables more transparent pricing for both buyers and sellers as well as opening up the market to players who have not previously had access to investing in invoices. This broadening of the market will mean better pricing for SMEs, ultimately enabling them to better plan, adapt and manage liquidity.

Objective

INVOIER has introduced a global, scalable and disruptive model for companies short term financing of working capital. With
unique risk measurement tool we are giving the EU companies a competitive advantage, resulting in the following value
proposition:
*Lower cost of companies’ working capital
*Risk reduction in customer losses for the European companies
*Proposition of a new adjusted returns for institutional investors looking for a new asset class
INVOIER offers first-of-its-kind real time Invoice Spot Market with better risk classification. At the heart of our solution is an
AI element which makes possible a much more focused and accurate risk assessment as our tool is able to predict the
actual pay-day of the traded invoice. Thus, with the AI element in place we are able to introduce a unique and completely
new way of measuring risk for individual receivables as opposed to risk with individual companies. By harnessing our AI
soution to the INVOIER Invoice Spot Market, we will deliver a wholly new level of market transparency and engagement on
the part of: the sellers - who will now be able to participate more actively knowing the market value of their invoices (real time
prices) and buyers – getting access to completely new asset classification. INVOIER’s solution will have normalizing effect
on prices and operation as well as leveling the playing field between key participants on the market.

Call for proposal

H2020-EIC-SMEInst-2018-2020

See other projects for this call

Sub call

H2020-EIC-SMEInst-2018-2020-3

Coordinator

INVOIER AB
Net EU contribution
€ 1 604 293,25
Address
SKEPPSBRON 18
111 30 Stockholm
Sweden

See on map

SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Östra Sverige Stockholm Stockholms län
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Links
Total cost
€ 2 291 847,50