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.

EXPLORE
SIDETRADE’S DATA

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

$99BN
VALUE OF B2B TRANSACTIONS
3M
RETAIL BUYERS WITHIN
SIDETRADE’S DATA LAKE
192M+
PAYMENT EXPERIENCES
+57%
PRODUCTIVITY BOOST
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.

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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

Happier clients

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.