Sidetrade ranked a “Major Player” in the order-to-cash market by IDC
06 Januar 2021 - 8:44AM
Sidetrade ranked a “Major Player” in the order-to-cash market by
IDC
Sidetrade (Euronext Growth: ALBFR.PA), the artificial
intelligence platform dedicated to accelerating company revenue and
cashflow, ranks for the first time in the “Major Players” category
of IDC’s assessment of vendors on the Order-to-Cash market.
In the recent release of their MarketScape
dedicated to Order-to-Cash, research group IDC positioned Sidetrade
as a “major player” among vendors of “Worldwide SaaS and
Cloud-Enabled Accounts Receivable Automation Applications”. Two
assets in particular enabled Sidetrade to earn this
distinction:
- Sidetrade’s international footprint
Sidetrade solutions are already used in eighty
countries. Unlike most of their competitors, who concentrate
essentially on North America, Sidetrade has shown their capacity to
effectively roll out their AI technology in different countries at
the same time for complex multinational organizations.
- Sidetrade’s exclusive, highly advanced AI
technology
Using self-learning and a database
representing €124bn in B2B transactions, Sidetrade’s AI system
called Aimie can-
-
- automate the Order-to-Cash-process
- speed up resolution of customer disputes
- recommend custom actions to follow up on late payment
According to IDC, Sidetrade’s main challenge
remains educating the market on their advanced technologies, while
many finance directors are still working with old-fashioned
spreadsheets. IDC concludes by saying: “Consider Sidetrade when you
are looking for a software provider that specializes in AI
technology and has a global footprint, or when cash collection,
dispute resolution and bad debt improvements are primary business
focuses.”
In a press release referring to the IDC study,
brokerage firm Midcap Partners welcomed the fact that IDC's
analysis concurs with their assessment of Sidetrade's potential,
their BUY rating and TP of €151.
“Sidetrade appears as a first-rate international
and innovative player with a strong positioning in what constitutes
the heart of the Order-to-Cash market (cash collection, dispute
management, etc.). This reinforces our vision of a group that is
extremely well positioned to take advantage of a rapidly developing
market. The current crisis has served as a reminder of how
essential cash management is. The professionalisation of the
financial management of Accounts Receivable is under way and
promises many years of growth for the market’s players. ”- Midcap
Partners
Next
communications
2020 Annual Revenue:
26 January 2021 (after stock market closes)
Investor & Media relations
Christelle Dhrif
+33 6 10 46 72
00
cdhrif@sidetrade.com
About Sidetrade
(www.ww.sidetrade.com)
Sidetrade (Euronext
Growth: ALBFR.PA) accelerates company revenue and cashflow. Its
Artificial Intelligence, Aimie, is able to recognize and anticipate
customer behavior in order to recommend, in real time, the best
strategies for sales and finance teams. Aimie reinforces three
pillars of the customer journey: sales development, loyalty and
collection speed. Sidetrade has a global reach, thanks to its 250
talented employees based in Paris, London, Birmingham, Dublin, and
Amsterdam. Used in 80 countries, Sidetrade's technology enables
more than 2,700 businesses of all sizes and from all sectors to be
more competitive.
For further
information, visit us at www.sidetrade.com and follow us on Twitter
@Sidetrade.
In case of a
discrepancy between the French and English versions of this press
release, only the French version should be deemed valid.
- Sidetrade ranked a “Major Player” in the order-to-cash market
by IDC
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