Project description DEENESFRITPL 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. Show the project objective Hide the project objective Objective INVOIER has introduced a global, scalable and disruptive model for companies short term financing of working capital. Withunique risk measurement tool we are giving the EU companies a competitive advantage, resulting in the following valueproposition:*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 classINVOIER offers first-of-its-kind real time Invoice Spot Market with better risk classification. At the heart of our solution is anAI element which makes possible a much more focused and accurate risk assessment as our tool is able to predict theactual pay-day of the traded invoice. Thus, with the AI element in place we are able to introduce a unique and completelynew way of measuring risk for individual receivables as opposed to risk with individual companies. By harnessing our AIsoution to the INVOIER Invoice Spot Market, we will deliver a wholly new level of market transparency and engagement onthe part of: the sellers - who will now be able to participate more actively knowing the market value of their invoices (real timeprices) and buyers – getting access to completely new asset classification. INVOIER’s solution will have normalizing effecton prices and operation as well as leveling the playing field between key participants on the market. Programme(s) H2020-EU.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs Main Programme H2020-EU.3. - PRIORITY 'Societal challenges H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies Topic(s) EIC-SMEInst-2018-2020 - SME instrument Call for proposal H2020-EIC-SMEInst-2018-2020 See other projects for this call Sub call H2020-EIC-SMEInst-2018-2020-3 Funding Scheme SME-2b - SME Instrument (grant only and blended finance) Coordinator INVOIER AB Net EU contribution € 1 604 293,25 Address Skeppsbron 18 111 30 Stockholm Sweden See on map Region Östra Sverige Stockholm Stockholms län Activity type Private for-profit entities (excluding Higher or Secondary Education Establishments) Links Contact the organisation Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Other funding € 687 554,25
