The consulting company offers to scan hundreds of thousands of companies, in France and in Europe, using artificial intelligence.
What if an algorithm, functioning much like a dating app, allowed struggling companies to find buyers? This is the bet that the consulting company KPMG is making, while failures are expected to soar in 2021 due to the health crisis. KPMG has therefore just launched an algorithm allowing “To identify in a few seconds the profiles of the most relevant potential buyers” for a given company. Usually, experts need several days to analyze a target and its market.
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This “speed dating” algorithm is capable of scanning hundreds of thousands of companies making between 10 million and 100 million euros, in France and in Europe, in order to draw up a list of potential buyers. How? ‘Or’ What? Thanks to artificial intelligence, which allows it to analyze thousands of past transactions. “Because the takeovers of companies in difficulty often respond to a logic that is repeated”, explains the consulting firm.
«Our experience shows that many buyers decline takeover offers because they have not been contacted early enough and have not had the necessary time to carry out sufficient due diligence ”, notes Julien Sortais at KPMG France.
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However, companies do not always have the time and the necessary means to actively seek a buyer who will allow them to avoid bankruptcy. This is especially true for small and medium-sized businesses, which in France in 2019 received 1.6 take-back offers on average, according to KPMG. A clearly insufficient number.
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