The cost prediction means increasing revenue and better cash flow for companies.
BRATISLAVA, Slovakia. – January 12, 2022 — iERP.ai, one of the nation’s fastest-growing technology startups that real-time predicts customer interests, sales forecast, and predict late payment using artificial intelligence, announced closure of €520k Seed Series financing round led by Zero Gravity Capital, CB Investment Management, and Cognitum as co-investor.
iERP is an easy-to-use digital platform receiving real-time predictions on customers’ behavior, precise sales forecasting increasing revenue and reducing costs, and improving cash flow by using an intelligent AI Debt aging module. Funding will be used to strengthen the development and executive team with new leadership hires in sales, product development, and development teams, expand the new Nostradamus product, and actively pursue growth in additional markets.
“Our current B2B solution has already saved clients hundreds of thousands dollars and increased revenue up to 20%, which led us to the idea of creating analytics and predictive solution Nostradamus.cloud for e-commerce businesses of any size,” said Jozef Balaz, CEO and Co-founder of iERP.
Nostradamus is a fully automated business prediction platform using artificial intelligence to predict sales for upcoming periods, customers’ shopping behavior in real-time, and automatically set up e-commerce activities, thus increasing the company’s revenue and reducing cost. Additionally, the software contains easy-to-understand business intelligence analytics, which helps better understand the client’s actions. Nostradamus.cloud is currently integrated with Shopify with plans to integrate more e-commerce solutions in 2022.
As the latest statistic showed in 2021, retail e-commerce sales worldwide amounted to 4.89 trillion US dollars. Furthermore, E-retail revenues are projected to grow to 5.4 trillion US dollars in 2022. “As online shopping is one of the most popular activities on the internet worldwide, getting meaningful analytics business output and business predictions is crucial for any company to excel among the big competition in e-commerce space,”added Dusan Korcak COO and Co-founder of iERP.
“iERP is a fast-growing startup with a unique product that obtains several significant customers in the market quickly. It was the key reason we decided to support additional growth of the company in further technological and market development. “ Said Dušan Duffek partner at Zero Gravity Capital.
“We are pleased that even with our support, iERP has gained additional Capital for its growth. This Investment will enable it to strengthen its position in the market of analytical and predictive tools used by companies of various sizes, especially in the fast-growing e-commerce sector,” added Lucia Timek, investment manager at CB Investment Management.
Easy-to-read BI, AI Sales forecasting 3-click integration for eCommerce, FMCG & Supermarkets. Cutting edge multi-layer algorithm technology and easy-to-read business KPI’s coupled with industry-leading implementation time are the main offerings of iERP.ai – Business Prediction Platform. Algorithms available in iERP software are enriched with external factors like economic indicators, public holidays, or COVID-19 business risk factors to increase the accuracy of predictions. The platform can be seamlessly integrated with any E-commerce, ERP, CRM, or POS system and has been developed for business users rather than developers.
iERP helps companies to improve their sales forecasting, optimize inventory levels and supply chain operations, increase revenue and conversion of marketing digital campaigns by offering the right products and services to the right customers. In addition, it decreases customer churn and improves cash flow by proactively identifying which customers will be late with the payments.
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