By Sidetrade
تم التحديث بتاريخ 3rd Jan 2025
Sidetrade is a prominent global provider of AI-powered order-to-cash (O2C) solutions. Its flagship product, Augmented Collection, leverages AI to optimize receivables management, reduce days sales outstanding (DSO), and enhance cash flow predictability. The software is tailored for medium to large enterprises across various sectors.
Sidetrade was founded in 2000 by Olivier Novasque, who currently serves as CEO. Headquartered in Paris, the company has expanded globally with offices in the UK, the US, and Canada. Over the years, Sidetrade has invested in AI technology and strategic acquisitions to strengthen its market presence and capabilities.
Sidetrade is a publicly traded company listed on Euronext Paris. It has experienced steady growth in revenue, driven by strong customer adoption of its AI-powered solutions. Financial data from 2023 and 2024 reflects a positive revenue trajectory, indicating successful expansion and customer retention strategies.
Sidetrade Augmented Cash is part of its comprehensive O2C suite. Key features include:
AI-driven insights for prioritizing collection efforts.
Automated reminders and payment follow-ups.
Predictive analytics for risk management.
Seamless integration with ERP systems.
Dashboards for real-time cash flow visibility
Other complementary modules like Augmented Order and Augmented Invoicing focus on streamlining order and invoice management to further reduce DSO and disputes
Sidetrade has made significant acquisitions to enhance its product capabilities and geographic footprint:
Amalto (2021): Brought expertise in electronic document exchange and invoicing, strengthening Sidetrade's end-to-end O2C capabilities.
CreditPoint Software (2023): Expanded Sidetrade's footprint in North America and introduced advanced credit risk management tools.
Recent product updates have focused on incorporating advanced machine learning algorithms for better customer segmentation and prioritization. The integration of regulatory-compliant e-invoicing capabilities aligns with global trends towards paperless transactions.
Sidetrade emphasizes innovation, collaboration, and customer-centricity. Its leadership actively invests in talent development and diversity. The company's strategic initiatives, such as the Fusion 100 plan, demonstrate a commitment to market expansion and technological leadership.
Sidetrade serves a diverse clientele across industries such as technology, manufacturing, and services. Notable customers include Expedia, Tech Data, and Hearst Magazines. Its community of users benefits from regular updates, customer success programs, and integration support.
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