Insight & Analysis

Press release: Corporate LinX announces collaboration with the Sodiaal Group

Published: May 2020

19th May 2020 – Corporate LinX is delighted and very proud to announce its collaboration with the Sodiaal Group. Together we will be implementing a program to improve the management of its wide range of suppliers.

Newspaper press release

Sodiaal, the first French dairy cooperative, known for its brands, Candia, Entremont, Yoplait, Le Rustique, RichesMonts, Coeur de Lion but also Univor and Régilait, prides itself on always improving its relationship with its eco-system of supplier partners. Today Sodiaal launches an innovative initiative with Corporate LinX.

The collaboration begins with a thorough preparation and review of the supplier position within Sodiaal, in order to establish the areas of optimization and improvement, before the implementation of an internet solution – a portal of collaborative providers – which will allow the sharing and online monitoring of all their accounting and financial information.

The innovative technology of the French company, Corporate LinX, will then be made available to the suppliers and operations teams of the Group’s companies, in conjunction with the various IT systems managed by Sodiaal companies.

The are many benefits of such a collaborative approach:

  • Suppliers will be able to have a reliable and detailed reflection of their accounts receivable with the various Sodiaal Group companies, while benefiting from precise control of their future regulations which leads to significant cash gains.
  • More accurate solutions, rather than predictive ones – Sodiaal’s all-colour portal will provide its users with reliable information from internal accounting systems that are constantly updated.
  • Buyers will also be able to know the precise position of their supplier portfolio, while supplier accounting can reduce the number of supplier contacts and digitilize document exchanges.
  • Such a scheme also allows significant improvements for the 3rd European Dairy Cooperative and its BFR but also that of its supplier partners.

Patricia Vivier, Treasurer of the Sodiaal Group commented: “Corporate LinX was our choice for our supplier project, thanks to their experience, their expertise and the relevance of their analysis and preparation work.”

For Corporate LinX, Fabien Jacquot added: “Our focus on understanding the dynamics and constraints of the different French economy sectors leads to targeted offers. Our collaboration with the Sodiaal Group is therefore part of our new L.A.I.T. (Look At my Invoices Today) sector offering, which enables us to establish a collaborative supplier relationship, by sharing online accounting and financial information as well as giving suppliers the opporutnity to manage their cash freely before maturities, if they wish. We are very happy to partner with Sodiaal and have their trust for this project. The partnership continues in the implementation of the suppliers program.”

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