The STACI Group is the European leader in Supply Chain Management and generated a turnover of £171M in 2009. Following a LBO, the Group was looking for a long-term solution to improve its Accounts Receivable Management.

In June 2008, a decisive step was taken by adopting Sidetrade’s web-based technology dedicated to optimising its Financial Customer Relationships.

 This new solution corresponds with our priorities related to the sharing of customer information. Today, Sidetrade Network is used by 83 employees spread out across 10 sites: eventually, hundreds of employees will have access to Sidetrade’s solution. We have passed from a passive approach to an active handling of our Receivables, representing on an average £15.5 million,

says C.A Ponce, Chief Administration Officer of the STACI Group.

Whether it is to automate the daily tasks of our recovery agents, accelerate the 4,000 monthly invoices settlement or resolve queries… Sidetrade Network centralises the main goals of the dunning of the 350 Key Accounts of the STACI Group divided into 2,700 payment sites.
Given the current economic trends in which credit limits are being reduced, the STACI Group is confident in its ability of generating the cash required for its European expansion plan.