Israelis set up debt settlement platform for ACCI members
The President of ACCI Konstantinos Michalos and the representatives of the Israeli high-tech company Rollsoft Ltd, proceeded to signing a Memorandum of Understanding (MoU) - Cooperation Agreement, in order for the companies-members of the chamber to use a technologically advanced platform, based on artificial intelligence, able to handle all the financial issues of the companies.
The President of ACCI Konstantinos Michalos and the representatives of the Israeli company signed a Memorandum of Understanding (MoU) - Cooperation Agreement.
As analyzed during the presentation of the platform, the companies participating in it register the identity of their debts and credits and the intelligent algorithm of the platform searches for any possible financial transaction between the companies - members of the network and proposes a clearing report. With the approval of the offset, the amounts owed by one company are offset by the amounts owed by that company to other companies in the Rollsoft network.
More specifically, once a month, the user uploads the list of current and overdue debts and credits. ROLLSOFT's artificial intelligence, an intelligent algorithm, discovers the ideal chain of debts and credits that can be offset between all the companies involved.
Each company receives a detailed table of charges-credits and the system indicates the shortest clearing route, to be approved. Finally, after approval by the members concerned, the set-off is carried out: the amounts due to one company are set off to the amounts owed by it to other companies in the Rollsoft network.
The Memorandum of Understanding (MoU) - Cooperation Agreement was signed by Mr. Michalos and the representative of the company in Greece, Panagiotis Theodoridis, with the aim of better supporting ACCI members.
The signing was attended by the Minister of Development and Investment, Adonis Georgiadis, Mr. Lev Zaidenberg, President of Rollsoft Ltd, Ms. Nelly Leon, Economic Coordination from the Embassy of Israel in Athens.