What solutions does NEOFI offer?
The DNA of NEOFI is the processing and automation of data flows. We offer solutions to automate the collection of data from different applications or ERP, its processing, its enrichment and its routing to its destination with or without user intervention for its validation or electronic signature.
Our current solutions focus primarily on payments, cash management, anti-fraud, direct debit mandate management, and the intra-group, multi-currency, multilateral clearing system called Netting. All of this is based on state-of-the-art technology, including BI (Business Intelligence) as a tool for analysis and decision-making support. In the future, we will integrate a new dimension that is that of Big Data combined with artificial intelligence, to provide even finer and more predictive analysis.
How is data processing and automation a critical issue for the Finance division?
Because any strategic decision (investments, acquisition, sale, various developments, etc.) that is made at the General Management level is based on data transmitted mainly by the Finance area, and this data must be as reliable as possible given the challenges of large scale that can be presented. . Hence the daily battle of treasurers to bring together all the data of their ecosystem and scattered in various applications (budget, disbursement or receipt forecasts, collection, redemption, payroll, accounting, CRM, ERP, etc.). It is a true obstacle course to identify the really reliable data that allows you to simulate the position at a given moment in order to anticipate the situation, make good decisions and communicate them to management. The interest of the automation is to have a perfect reliability of the data and to ensure its traceability.
How have the technological tools used evolved and how are we in the era of data?
Data is the gold of the 21st century because the need for increasingly detailed predictive analytics requires data collection whose volume is increasingly important as it brings together business data, but also cross-cutting inter-business data and, on the other hand, unstructured data from Internet networks. .
To store and use all this mass of data, new technologies have emerged: Open Data, Big Data, Ipaas, Machine Learning, etc. which are the technological benchmarks of this new generation with very high annual growth. Therefore, NEOFI is in the process of integrating these new technologies to respond to this market demand and offer financial management the most efficient tools to report information to general management.
This content was produced with SCRIBEO. The BFMBUSINESS editorial team was not involved in the production of this content.
Source: BFM TV
