Sidetrade Network allows you to reduce payment delays and to secure your outstanding receivables. With the standardization of your procedures with this business tool, you will see gains in productivity and improved performance indicators.
Our web solution offers a shared work space that is personalized and user-friendly to all personnel involved in client financial management. Sidetrade Network fills in the functional gap for your ERP so that you can efficiently manage your client accounts in terms of reminders, disputes and risks.
A structured answer to the financial issues created by outstanding client debt:
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Measurable performance
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11,094 users throughout 11 countries use Sidetrade Network on a daily basis.
Sidetrade has demonstrated the success of its web solution.
The average payment delay for our Top 20 subscribing companies has been reduced once again
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By 11 days 2007
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After a decrease of 8 days in 2006
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And 7 days in 2005.
Our performance generated a cash-flow of 237 million Euros in 2007. For these clients, this deviation was significant, as additional cash-flow gains increased from 0.4 million to over 68 million Euros for the best performing company, operating in the area of business services.
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The advantages for your company
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In for management of your client receivables, Sidetrade Network is a major asset for:
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Harmonizing your business practices and automates your tasks
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Allowing you to track your reminders and dispute resolutions
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Reducing payment delays
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Reassurance about consumer's risk
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Accessing your performance indicators (DSO1, late payment rate, disputes, partial payments...)
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Consolidating your summary reports in real time
This web solution offers real time access to your clients' financial and commercial data, automates your business procedures and prioritizes task assignment among the company's various departments.
Integrating itself into your business applications, Sidetrade allows you to establish dynamic links between various information sources that were previously disparate. All information is clearly structured and updated in real time whether for companies, contacts, invoices, receivables, credits, disputes, reminder, correspondence or schedule. The information is distributed in a manner that is user-friendly for every person involved, whether they be 10 or 1000.
With Sidetrade network, you will foster team work, the sharing of client information and the active participation of all associates involved in financial relations.
The cash culture spreads progressively and will be ongoing within your company so as to generate tangible results. You will be actively professionalizing your team.
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Day Sales Outstanding or average delay for customer payment indicated in sales per day
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Functions that will free up your cash
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Sidetrade Network proposes powerful functions to optimize your company:
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Automated reminders
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Dynamic management of conflict resolution
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Client risk management
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Monitoring your client base according to your business criteria combined with your financial information sources
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Performance steering (DSO1, client risk, late payment rate...) with the possibility of consolidating your entities
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On-line management of your credit insurance, factor...
Sidetrade Network has functions that can assist you in making decisions: alerts and prioritization, schedule planned action, reminder process adapted to the client, monitoring the client base according to business criteria combined with sources of financial information...
Relying on a single client base, Sidetrade Network facilitates the synchronization, the coordination and the reliability of your receivables.
This solution can be interfaced with the principal ERPs on the market (65% of Sidetrade clients use SAP) and available in 7 languages.
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Day Sales Outstanding or average delay for customer payment indicated in sales per day
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A quick return on investment
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Sidetrade Network is available through a subscription and accessible with a simple internet browser.
You don't have to make decisions about purchasing, maintenance and operation. You won't worry about technical problems or their related costs.
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No licensing fees
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No infrastructure or technical staff needed
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Quick roll-out compared to a traditional software program
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Independent unlimited access regardless of the size of your team
Production start-up delays are shorter and are perfectly matched to your short-term financial issues.
Sidetrade Network is an easy solution to deploy, use and maintain. With your subscription, you are fully in charge of your operating costs.
The web interface has an intuitive navigation system which allows its users immediate access to the tool without any need for training. With its user-friendly design, this tool quickly produces a strong following among staff and becomes daily leading tool for those involved in collecting client debt.
All our clients quickly noticed the positive impact associated with using Sidetrade Network. They recorded net profits within the second rotation of their debt collection staff on a productivity level as well as with an increase in their working capital.
You can consider the use Sidetrade Network as having a sophisticated monthly service with varying and flexible functionality.
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Highly upgradable and proven reliability
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The SaaS model (Software as Service) of Sidetrade Network allows you to have access to the latest functional and technical findings.
Microsoft granted Sidetrade the status of Microsoft Certified partner which recognizes our advanced knowledge as a software publisher. This is a guarantee for our subscribers that we offer innovative technology.
Sidetrade also guarantees the reliability of its technical infrastructure in terms of availability of service, response time, secure access and back-up procedures.
Over 200 companies trust Sidetrade's technology to manage hundreds of thousands of clients and related invoices on a daily basis. Sidetrade Network adapts to the company's business methods while ensuring the security and confidentiality of its data in various industries and within even the most complex of infrastructures.
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As our subscribers can attest, you will accelerate your company's cash generation, obtain a quick return on investment and improve client satisfaction.
