Order-to-Cash SaaS provider Sidetrade recognised as global industry leader again in 2021
Order-to-Cash SaaS provider Sidetrade recognised as global industry
leader again in 2021
Sidetrade (Euronext Growth: ALBFR.PA), the Artificial
Intelligence platform dedicated to accelerating and securing
cashflow, has been recognized by global consulting firm,
Quadrant Knowledge Solutions, as a Technology Leader in
the Account Receivable Application Research.
The research titled ‘SPARK Matrix™: Account
Receivable Application, 2021’, assessed the global industry
intersection of providers’ customer impact and technology
excellence, and categorised vendors into either aspirants,
challengers, or technology leaders. Sidetrade was categorized into
the most advanced category of ‘Technology leaders’.
This is the third instance in 2021 alone that
Sidetrade has been recognised in global industry-wide analysis and
research into the Accounts Receivable and Order-to-Cash market.
In June, Sidetrade was recognised in the 2021
Gartner Market Guide for Integrated Invoice-to-Cash Applications
Report, and in January IDC ranked Sidetrade as a “major player”
among vendors of “Worldwide SaaS and Cloud-Enabled Accounts
Receivable Automation Applications” in its release of their
MarketScape dedicated to Order-to-Cash.
The Order-to-Cash market has been increasingly
attracting attention from consultancies and industry analysts
recently due to its significant potential: according to Midcap
Partners, the global Order-to-Cash market is worth $10bn, but less
than 5% of businesses that could benefit from Order-to-Cash
technology are currently leveraging it.
Rob Harvey, Chief Product Officer of
Sidetrade commented: “We are delighted to be recognised once
again as a global industry leader in the Order-to-Cash space; one
that has significant high growth opportunities as businesses across
all industries look to unlock customer value and secure
“We truly believe in the power of bringing
together the very best of human and machine intelligence and
enabling businesses to be more data driven with enhanced predictive
capabilities: it is this approach that is revolutionising the
traditional Order-to-Cash process. With over 20 years of expertise,
and our unrivalled next generation AI and machine learning
technology powered by an extensive data lake of invoices worth over
+$4.5tn, Sidetrade is well-positioned to take full advantage of
this opportunity as one of the leading providers worldwide.”
relationsChristelle Dhrif +33 (0)6 10 46 72 00 /
relationsBecca Parlby+44 7824 5055 84 /
(www.sidetrade.com)Sidetrade (Euronext Growth: ALBFR.PA) offers
a SaaS platform specialized in generating and securing cash flow.
Aimie, its Artificial Intelligence, analyzes more than $2.4
trillion in B2B transactions in Sidetrade's Cloud on a daily basis
to predict payment behavior and risk of customer churn of more than
5 million companies worldwide. Aimie recommends the best dunning
strategies, automates actions on the Order-to-Cash cycle, and
dematerializes customer transactions, improving productivity,
performance, and ultimately working capital.
With offices in Paris,
London, Birmingham, Dublin, Houston and Calgary, Sidetrade serves
more than 2,700 companies of all sizes and in all industries in
over 85 countries, including Tech Data, KPMG, Nespresso, Hearst,
Expedia, Manpower, Securitas, Randstad, Engie, Veolia, Vinci, Saint
Gobain, Inmarsat and Bidfood.
information, visit us at www.sidetrade.com and follow us on Twitter
- Sidetrade recognised as global industry leader again in
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