Allevo has successfully completed the implementation of TOSS project

Business Information Systems (Allevo), as beneficiary of the Operational Program Competitiveness 2014 – 2020, successfully completed the TOSS (Treasure Open Source Software) project.

With an implementation period of 31 months, between August 16, 2017 and March 15, 2020, the project had a total value of 6,805,370.35 lei, of which financial assistance is reimbursable 3,443,370.17 lei. The TOSS project aimed to develop an innovative software solution for the processing of financial transactions, distributed in open source regime. Thus, the results of the implementation are:

Portal for the FINkers United community, available at fintp.org

redesigned Allevo portal, available at allevo.ro

• An automatic testing tool, available via fintp.org
• A benchmarking tool, available via fintp.org
• A suite of FinTPc applications, available via fintp.org.

The software solution developed within the project is addressed to SMEs and corporate treasuries.

The project contributes to increasing the use, quality and access to information and communication technology, making the cost and duration of processing and settlement of corporate financial operations more efficient by:

– optimization of financial decisions of corporations, by developing a suite of treasury applications that will integrate all payments initiated by ERP systems, human resources etc;

– creating a modern architecture for connecting corporations to the banks they work with, allowing corporations to use the same type of technology as that used by banks;

– development of a centralization system for financial and treasury operations;

– creating a short-term prediction component of liquidity flows that will allow corporations to identify in advance the possible risks of delaying their financial obligations and to take measures to avoid them;

– offering innovative solutions for processing financial transactions in open source to all members of the Innovative Regional Cluster EURONEST IT&C Hub, of which Allevo is part.

The target groups of this project are: large manufacturers (automotive, pharmaceutical, energy and others) or service providers (utility distribution, distribution of goods, retail chains and others), small and medium-sized businesses operating in connection with large producers, financial transaction processors or intermediary service providers for some financial instruments, as well as intra- or inter-sector financial infrastructures.

Other possible extensions concern the relationship of the corporation with its institutional or individual clients and the outsourcing to them of information or even allowing financial operations to accompany the exchange of goods or services.