Growing share of customer wallets and collecting cash faster in Retail
The B2B Retail sector has traditionally prioritized investments in e-commerce and other customer-facing systems, but few Retail organizations are focused on investing in AI and big data to gain insight into customer buying patterns and payment behavior.
Customer retention and satisfaction has become ever-more critical in a crowded market. The challenge for both customer sales and credit management teams are often managing the extremely high volume of customers, sales and invoices. Sidetrade’s technology can help with this.
Sidetrade’s AI, Aimie, is able to accurately predict payment behavior of buyers in the Retail sector and recommend the best collection strategies based on Sidetrade’s industry insights
SIDETRADE’S DATA LAKE
FROM AIMIE’S RECOMMENDATIONS
OPTIMIZING WORKING CAPITAL IN THE RETAIL SECTOR IS KEY
Sidetrade streamlines the Order-to-Cash process and improves the credit management efficiency of Retail 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 RETAIL 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.