Living in the 21st century, you might have often come across the word ‘data analytics’. Currently, it is one of the most buzzing terminologies because the amalgamation of an increasingly complicated world, the vast proliferation of data and the pressing desire to stay at the forefront of competition has prompted organizations to focus on using analytics for driving strategic business decisions.
What is Data Analytics:
Data analytics is the process of exploring and analyzing large datasets to find hidden patterns, unseen trends, discover correlations, and derive valuable insights to make business predictions. It improves the speed and efficiency of your business.
What is Factoring:
According to Investopedia, factoring allows a business to obtain immediate capital or money based on the future income attributed to a particular amount due on an account receivable or a business invoice. Additionally, factoring is an innovative way for businesses to access the funds they have tied up in accounts receivable.
Did you know?
The top 8 most common challenges in the import-export market are financing, bad record-keeping, lack of due diligence on business partners & customers and poor supply chain management. And as cross-border commerce is growing at an unprecedented pace, so does the volume of data and the need for solutions to improve the market.
Thus, data is increasingly becoming the backbone of business strategy, development and success since it has the capacity to bring together analytical insight, technology, and business objectives in a unique way.
Find out why and how you can make use of data for your business success and discover the opportunity of cross border finance.
Bogdan Patriniche – Founder&CEO – Invoice Cash
Bogdan is a senior international banker & financial consultant with a keen interest in mathematics, technology and finance. He managed to fuse his interests into two innovative startups: InvoiceCash – online factoring provider and CreditSky – provider of data analytics, machine learning & AI services. He started his career in EBRD and has held several key global positions at companies such as with Duet Private Equity Ltd, Lucent Technologies and Ericsson, National Australia Bank, National Bank of Greece International, Standard Bank and Calyon, to name a few.
Coralia Zotic – Senior Data Scientist – Invoice Cash
Coralia is a data science, data analytics and business intelligence professional with a career spanning over 18 years. She is the lead expert of our Data Analytics software – ELCANO – which combines advanced Machine Learning and AI algorithms. Coralia worked for international corporations such as Orange and AIG, managing the business intelligence departments.