EVO-BI Srl
The company EVO-BI was established to meet the needs of SMEs, which require analytical tools to manage their businesses in a highly competitive economic environment. While SMEs already use ERP (Enterprise Resource Planning) software for core activities, they lack tools for data monitoring, analysis, and future forecasting. The founding team, consisting of expert university professors, (Read More)
The company EVO-BI was established to meet the needs of SMEs, which require analytical tools to manage their businesses in a highly competitive economic environment. While SMEs already use ERP (Enterprise Resource Planning) software for core activities, they lack tools for data monitoring, analysis, and future forecasting.
The founding team, consisting of expert university professors, accountants, and engineers, combined business consultancy with academic research to create an innovative platform based on artificial intelligence, machine learning, and predictive algorithms for SMEs. The company developed EVO-Data Gather for automatic data extraction from corporate management systems and a proprietary platform for data processing and Business Intelligence report generation. Subsequently, predictive algorithms were developed for managing commercial credits, with future plans for additional machine learning-based models. The company’s long-term goal is to become a benchmark for business assessment in SMEs, with an initial focus on finance.
TECHNOLOGY/SERVICES
EVO-BI offers reporting and Business Intelligence services for SMEs, distinguishing itself through its analysis models applied to various business areas, with a focus on EVO-CRA (Credit Risk Analyst) for commercial credit analysis. EVO-CRA predicts customer payment delays, estimates invoice collection dates for the next 6 months, and determines credit limits for each customer, enabling suppliers to better manage deferred payments. Current credit risk analysis systems rely on historical data analysis and payment experiences with a misalignment of at least 30/40 days, providing a general classification of insolvency risk. EVO-CRA, on the other hand, relies on the timeliness of analyses due to constant integration with the company’s ERP, providing specific risks for each invoice.
VALUE PROPOSITION
The IT solution proposed by EVO-BI serves as a decision support tool for businesses, leveraging indices and KPIs supported by predictive algorithms and alerts.
The value proposition for the customer can be summarized in several key aspects:
1. Plug and Play: The value promise ensures immediate service without incurring switch costs associated with replacing the ERP system, unlike other existing solutions in the market.
2. Multilevel: Capable of presenting analysis and distributed management of company data among various organizational members based on different objectives. The proposed analyses consider historical company data and market benchmarks.
3. Multidevice: The platform will be accessible from different types of devices (PCs, tablets, smartphones).
4. Easy to Use: Thanks to predictive algorithms, KPIs, and detailed reports, the data is easy to interpret, even for individuals with less expertise in economic matters.
5. Push Approach (Alerts): Users don’t need to decipher platform information; alerts will notify them of any management issues. This represents the most innovative aspect of the system, as it’s based on a highly advanced predictive algorithm trained on scenarios such as Commercial Credit Risk Analysis, Obsolescence Risk Analysis, Trade-Off Markup/Sales Volumes, etc.”
Representatives
g.morabito@evo-bi.com
