Cultivating revenue and growing your cash culture in Life Sciences
Did you know your peers in Life Sciences have an average DSO of 51 days?
Life Sciences organizations can be asset intensive, with large investments in R&D and expensive personnel. Data is more important than ever – not just in research and development but in protecting your cash flow and staying connected with customers.
The ability to benchmark buyer behavior across peers, competitors, sectors and geographies can help you transform your order-to-cash process into a data-driven strategic advantage.
Sidetrade manages $6.8 billion B2B transactions across 577,000 buyers of Life Sciences products and services. As forward-looking companies adopt digital mindsets, now is the time to focus on cash flow, reevaluate operational processes and arm your Finance & Client teams with the predictive analytics that your business demands.
See how your company is trending in your region against average DSO, payment terms and delay to pay with the Sidetrade Data Lake.
Sidetrade’s AI, Aimie, is able to accurately predict payment behavior of buyers in the Life Sciences sector and recommend the best collection strategies based on Sidetrade’s industry insights
SIDETRADE’S DATA LAKE
OPTIMIZING WORKING CAPITAL IN THE LIFE SCIENCES SECTOR IS KEY
Sidetrade streamlines the Order-to-Cash process and improves the credit management efficiency of Life Sciences companies by automating repetitive tasks and benchmarking how their customers pay against the wider industry. Sidetrade’s AI assistant, Aimie, proposes the most effective actions for setting credit terms, chasing payments, and collecting cash faster. This in turn accelerates cash flow generation and reduces credit risk.LEARN more
BENEFITS FOR LIFE SCIENCES COMPANIES
Real time collaboration
Enhance positive collaboration between sales, delivery and finance
Better prioritization for everyone
Focus your credit management team on high value activities
Healthier financial KPIs
Free up working capital, reduce DSO, and cut credit risk
Visibility and transparency
Set better credit limits and payment terms based on accurate industry data
Increase customer satisfaction by taking a proactive approach to disputes
TRUSTED BY GLOBAL COMPANIES
Sidetrade’s accounts receivable software is used by large and medium enterprises globally. They are united in a desire to secure cash flow, streamline their Order-to-Cash processes and improve working capital by leveraging cutting-edge AI cash collection and accounts receivable automation.