Quadient Announces Partnership with Altares in France, Integrating Enriched Business Decisioning Data in AR Automation Solution
November 16 2023 - 11:45AM
Quadient Announces Partnership with Altares in France, Integrating
Enriched Business Decisioning Data in AR Automation Solution
Quadient (Euronext Paris: QDT),
a leader in helping businesses create meaningful customer
connections through digital and physical channels, announces a new
partnership to enhance its accounts receivable (AR) automation
offering with Altares, a business data expert that designs
decisioning solutions and analytics of the economic performance of
private and public-sector organizations. Altares, a member of the
international Dun & Bradstreet network, draws on a database of
more than 500 million companies worldwide to facilitate
decision-making by general and operational management.
In these uncertain economic times, companies of
all sizes are increasingly likely to be faced with late payments.
With financial margins squeezed by inflation and rising logistics
costs, slower collection times can undermine a company's financial
health. The latest bankruptcy quarterly study published by Altares
reveals that in the third quarter of 2023, business insolvencies
were up 23% in France compared to 2022, reaching their highest
level since 2016 and threatening nearly 37,000 jobs.
By integrating the Altares data into its
Accounts Receivable management solution via a simple web service,
Quadient is further enhancing its solution, which already relies on
artificial intelligence and machine learning to help finance teams
anticipate potential late payments and propose tailored reminder
strategies. Together, Quadient and Altares offer in France and
other countries highly accurate company rating and credit analysis
functionalities that provide a truly comprehensive view of
outstanding amounts, for a more controlled management of financial
flows.
“The partnership with Altares is a significant
step forward in the evolution of our software offering. The
integration of their business data enriches our cloud platform and
enables us to provide a comprehensive solution to better support
companies in the management of their accounts receivables,” says
Stéphanie Auchabie, Chief Operating Officer France-Benelux at
Quadient. “Customer risk, or the risk of non-payment, is a critical
factor in a business environment. It can have a significant impact
on a company's profitability and stability. The highly reliable
information provided by the Altares solution will enable our
customers to assess and manage risk more effectively, which will
ultimately help to safeguard their business and promote sustainable
growth.”
"We are delighted to be working with Quadient
and adding value to customer risk management for a greater number
of companies. Our know-how in providing globally quality business
data, particularly on payment behavior, via our exclusive Paydex®
indicator, blends perfectly with Quadient's technological
expertise. This alliance opens up new opportunities for our
customers, enabling them to access key data directly in Quadient's
software solution" continues Sébastien Charvet, Marketing and
Channel Director at Altares.
Quadient strives to establish significant
partnerships with major enterprise software players to enrich its
cloud platform, relying on out-of-the-box connectors or customized
integrations. Choosing to partner with Altares in France, building
on the integration of Dun & Bradstreet data in the United
States, provides a complete customer risk management solution with
high-quality analysis and predictive capabilities, contributing to
the sustainability of organizations and better anticipation of
customer risks.
About Quadient®Quadient is the
driving force behind the world’s most meaningful customer
experiences. By focusing on three key solution areas, Intelligent
Communication Automation, Parcel Locker Solutions and Mail-Related
Solutions, Quadient helps simplify the connection between people
and what matters. Quadient supports hundreds of thousands of
customers worldwide in their quest to create relevant, personalized
connections and achieve customer experience excellence. Quadient is
listed in compartment B of Euronext Paris (QDT) and is part of the
CAC® Mid & Small and EnterNext® Tech 40 indices. Quadient
shares are eligible for PEA-PME investing. For more information
about Quadient, visit www.quadient.com.
About Altares
Altares is a business data expert that designs
decisioning solutions and analytics of the economic and
extra-financial performance of private- and public-sector
organizations within their ecosystem. Thanks to its wealth of tools
and information, Altares helps managers of private- and
public-sector organizations of all sizes and across all industry
sectors make well-informed decisions with complete peace of mind.
As the exclusive partner of Dun & Bradstreet, a leading global
provider of business decisioning data and analytics, in France,
Benelux and North Africa, Altares uses a global database of 500
million legal entities (including 11 million in France) to help
industry players achieve sustainable growth whilst meeting
compliance and CSR requirements. To know more, visit
www.altares.com.
ContactsJoe Scolaro,
QuadientGlobal Press Relations Manager+1
203-301-3673j.scolaro@quadient.com
Sandy Armstrong, Sterling KilgoreDirector of
Media &
Communications+1-630-699-8979sarmstrong@sterlingkilgore.com
- Quadient_Altares_Partnership AR_EN_final
QUADIENT (EU:QDT)
Historical Stock Chart
From Apr 2024 to May 2024
QUADIENT (EU:QDT)
Historical Stock Chart
From May 2023 to May 2024