Artificial intelligence (AI)-based fintech company Calculum releases software as a service (SaaS) that measures working capital and payment terms comparison calculator, helping businesses around the world negotiate better terms payment and causing them to unlock millions in cash.
Calculum, a Miami-based data-as-a-service (DaaS) provider, announced the launch of an interactive web-based calculator. This tool will help businesses calculate and negotiate optimal payment terms with their trading partners, improving working capital for businesses worldwide.
According to a recent working capital study, the number of net working capital days (NWC) reached its highest level in five years, caused by the uncertainty of recent years.
While many of the working capital spikes had subsided by mid-2021, the end of government support, high debt levels and continued supply chain disruptions all mean that capital efficiency must be a priority moving forward.
Eugene Buckley, chief revenue officer of Calculum Inc, said, “Currently, we are seeing companies shift their focus from navigating the COVID downturn to growth.
“That said, volatility in supply chains increases working capital pressure. We see cash flow high on management‘s list of priorities this year. »
Calculum’s research and experience with companies in all key industries in Europe, America and Asia shows that on average more than 5% of annual cost of sales (COGS) can be freed up in cash flow.
Calculum Inc. CEO Oliver Belin said, “AI represents the next frontier in applying data science to help businesses unlock working capital.