Home » News

The decision reflects a growing trend among forward-looking finance organizations. In an environment marked by global volatility and operational complexity, legacy systems – dominated by rigid ERP structures and static workflows – have become increasingly inadequate. Rules-based automation and digital assistants, while useful, have reached their ceiling. Agentic AI is the new operating standard for competitive finance.

To stay ahead, CFOs are turning to Aimie to operationalize a new system of work: intelligent, autonomous, always on. This shift positions Accor’s Middle East, Africa and Asia Pacific teams among the first to integrate agentic AI as an operational coworker. Aimie redefines what AI can do by transforming Order-to-Cash from a scripted back-office function into a self-optimizing system of intelligence. She is a teammate who accelerates cash collection.

Purpose-built for corporate finance and backed by Sidetrade’s $8+ trillion transaction Data Lake, Aimie brings contextual intelligence to every interaction. Her capabilities include:

Aimie delivers consistent, policy-aligned execution at scale, driving measurable gains in cash flow, reducing manual workload, and enabling finance teams to refocus on higher-value priorities.

By embracing agentic AI, Accor’s teams across the Middle East, Africa and Asia Pacific join a growing group of organizations that gain a structural advantage in financial execution. Those who hesitate risk being overtaken by faster, leaner, more adaptive competitors.

Home » News

Sidetrade
(€m)		 2025 2024 Variation
Revenue 61.4 55.0 +12%
of which subscriptions 53.5 45.5 +18%
Gross margin 47.4 43.1 +10%
as a % of Revenue 77% 78%
EBITDA* 13.4 11.0 +22%
as a % of revenue 22% 20%
EBIT** 10.3 8.4 +23%
as a % of revenue 17% 15%
Net profit 9.0 7.9 +14%

The consolidated financial statements for 2025 have been audited. The statutory auditors’ report on certification is being issued.

* EBITDA corresponds to operating margin before depreciation and amortization of tangible and intangible assets and impairment losses.
** EBIT corresponds to operating profit under French GAAP, including the Research Tax Credit.

 

Olivier Novasque, CEO and Founder of Sidetrade commented:

2025 marks a turning point for Sidetrade. For the first time, our EBITDA exceeds €13 million, rising 22% and bringing our margin to 22% of revenue, an all-time high. This performance directly reflects the continued acceleration of our subscription revenue, which grew 20% at constant currency, including 10% organic growth. Despite the dilutive impact of our two most recent acquisitions, SHS Viveon and ezyCollect, on profitability, we once again demonstrated that accelerating subscription revenue consistently generates powerful operating leverage.

This virtuous model is built on three pillars, developed methodically over the years.

First pillar: our winning AI strategy, launched in early 2015. Its foundation is our Data Lake, unique in the Order-to-Cash space, built on more than $8 trillion in B2B transactions and over 42 million buying companies. Backed by this hard-to-replicate asset, we have established a substantial lead in the wave of agentic AI, with our Aimie Agents announced nearly twelve months ago, 24 of which are already in production or being deployed. These Aimie Agents are only the beginning of a broader and more transformative AI roadmap that we will unveil soon.

The second pillar is international expansion. Recognized by Gartner® as a Leader in the Magic Quadrant for Invoice-to-Cash Applications, Sidetrade has successfully scaled globally, with 71% of its revenue outside France. North America has become our leading region, and the acquisition of ezyCollect opens up a third continent, Asia-Pacific.

The third pillar is the Company’s move upmarket toward large global enterprises, whose business processes are dense and highly complex. Sidetrade now generates more than 85% of its revenue from companies with over $1 billion in annual revenue.

Over the past four years, Sidetrade has nearly doubled in size, establishing itself as a global leader in its field while delivering record profitability, absorbing significant investments in AI, and pursuing an ambitious external growth strategy. Given the rapid advancements in artificial intelligence, we will unveil our new strategic plan, O2C Intelligence 2030, on April 7. Sidetrade has the foundation and the capabilities required to lead the agentic AI revolution in Order-to-Cash

 

Improved Commercial Momentum in the Second Half

In 2025, Sidetrade recorded €11.04 million in Annual Contract Value (ACV) from newly signed contracts, including €4.32 million in new Annual Recurring Revenue (New ARR) and €6.71 million in Services bookings.

The average initial contract term was 46.4 months, well above industry standards, providing strong visibility and a predictable revenue base, two structural advantages that support cash generation and investment planning.

 

Strong Revenue Growth in 2025: up 14% with 20% in Subscription Revenue

For FY 2025, Sidetrade reported consolidated revenue of €61.4 million, up 14% at constant currency (12% on a reported basis).

Subscription revenue reached €53.5 million in 2025, up 20% at constant currency (18% on a reported basis). On a like-for-like basis, excluding the consolidation of SHS Viveon (H2 2024) and ezyCollect (Q4 2025), organic growth reached 10%, demonstrating the resilience of the Group’s business model in a macroeconomic environment marked by high volatility.

International Expansion as a Key Growth Driver

In 2025, 71% of subscription revenue was generated outside France, reflecting the Group’s continued expansion in its strategic markets. Within this context, North America posted 25% growth at constant currency, becoming the Group’s largest region and now accounting for 30% of total subscription revenue.

Growing Traction Among Global Enterprises

Momentum in large enterprises continued. Subscription from companies generating more than €2.5 billion in annual revenue now represents 54% of the Enterprise portfolio, highlighting Sidetrade’s relevance for global companies.

ezyCollect Acquisition in Asia-Pacific

Consolidated as of October 1, 2025, ezyCollect contributed €2.2 million to FY revenue. Its operations, in the Asia-Pacific region (Australia, New Zealand, and the Philippines), represent 13% of total revenue in Q4 2025. This new region is emerging as an additional growth driver among the SME segment, which offers strong expansion potential and is naturally well-suited to the adoption of agentic AI solutions.

 

Record Profitability: EBITDA up 22% to €13.4 million, Representing 22% of Revenue (2pts)

Sidetrade’s gross margin in 2025 amounts €47.4 million, up €4.3 million compared to 2024, in a challenging macroeconomic environment. Gross margin represents 77% of consolidated revenue, (vs. 78% a year earlier), reflecting a mechanical decrease linked to the integration of SHS Viveon and ezyCollect, whose gross margins are progressively converging with the Group’s standards.

On a like-for-like basis, excluding the consolidation of these two acquisitions, the overall gross margin rate increases to 81%, compared with 80% in 2024, and remains stable at 92% for subscription revenue alone, confirming the strength and resilience of the model.

Sidetrade now includes EBITDA as its benchmark indicator for assessing operating performance before depreciation and amortization.

In 2025, EBITDA exceeds the symbolic €13 million threshold for the first time, bringing the margin to 22% of total revenue, representing an increase of 2 points compared to 2024. On a like-for-like basis, excluding the consolidation of SHS Viveon and ezyCollect, EBITDA margin reaches 26% of revenue, an improvement of 5 points compared to 2024. The growth in recurring revenue, combined with a controlled cost base, generates incremental profitability with effects growing from year to year.

EBIT reaches €10.3 million in 2025, up 23% from €8.4 million in 2024, representing 17% of total revenue (vs. 15% a year earlier). On a like-for-like basis, excluding the consolidation of SHS Viveon and ezyCollect, the margin stands at 20% of revenue, a gain of 3 points compared to 2024.

This record level of profitability reflects the maturity of the business model and results from a combination of converging factors. In a context marked by caution corporate investment behavior, Sidetrade leverages the momentum of its recurring revenue while maintaining strict cost discipline and strengthening operating efficiency.

This performance is all the more significant as it is achieved while maintaining an ambitious investment strategy, with €2.2 million in additional R&D spending directed primarily toward agentic AI development, positioning Sidetrade at the technological frontier of its market.

2025 EBIT also includes a Research Tax Credit of €3.5 million, (vs. €2.6 million in 2024), as well as a marginal capitalization of R&D expenses (€0.2 million, representing 1,5% of total R&D costs for the year).

Overall, the increase in operating margin to 17% (20% on a like-for-like basis), compared with 15% in 2024, reflects a new level of profitability driven by the operating leverage of the Company’s model.

 

Operating Leverage Confirmed: Net Profit of €9.0 million, up 14%

Financial result amounts €0.1 million for 2025 (vs. €0.7 million in 2024), primarily reflecting interest income from short-term cash investments, partially offset by foreign exchange losses during the period.

Corporate income tax expense is estimated at €1.3 million in 2025, compared with €1.1 million in 2024, in line with improved operating profitability.

Sidetrade’s 14% increase in net profit in 2025, to €9.0 million, confirms the Group’s ability to combine revenue growth with accelerating profitability despite an economic environment that remains challenging.

 

A Cash-Generating Model Supporting Growth

In 2025, Sidetrade generated operating cash flow of €8.7 million (excluding the timing impact of the Research Tax Credit). This cash generation partially contributed to financing the ezyCollect acquisition for €37.3 million (€34.7 million in cash and €2.6 million in Sidetrade shares).

As of December 31, 2025, Sidetrade reported gross cash of €16.3 million, compared with €25.2 million as of December 31, 2024. The Group also held 85,300 treasury shares, valued at €20.6 million as of December 31, 2025.

Financial debt at year-end 2025 totaled €30.8 million, primarily related to the financing of the ezyCollect acquisition through a €25 million seven-year loan at a 3.1% interest rate.

With a solid net cash position and well-controlled debt, Sidetrade retains the flexibility required to fund its investments and support its expansion while maintaining a strong balance sheet.

 

Outlook

Sidetrade will unveil its strategic plan, ‘Order-to-Cash Intelligence 2030’, on Tuesday, April 7, 2026, with the ambition of defining the global standard for Order-to-Cash in the age of agentic AI.

Home » News

Home » News

The move makes Mission Trail Capital Management the second US-based investment firm to cross a major ownership threshold in Sidetrade in less than three months. On March 3, 2026, New York-based Briarwood Chase Management disclosed it had doubled its position to over 10% of capital, citing Sidetrade’s proprietary data advantage and AI-native architecture as core to its investment thesis.

Mission Trail Capital Management, LLC (MTCM), is an Austin, Texas-based investment manager focused on leading software companies. The firm’s concentrated portfolio construction affords the ability to conduct deep fundamental due diligence that frequently spans several years with a long-term investment horizon.

Joshua Braden, Founder of Mission Trail Capital Management, commented: We are thrilled to invest in Sidetrade. We have known Olivier Novasque and his team for many years and admire the ambitious, thoughtful way they built this company to deliver measurable customer value. In our numerous conversations with Sidetrade’s customers, we heard consistent reports of significant working capital improvements, particularly decreased DSOs, following Sidetrade’s implementation. By investing in a proprietary Data Lake and embedding AI into their roadmap years before it became a buzzword, the team demonstrated a long-term commitment to superior customer outcomes leveraging cutting edge technologies. We look forward to supporting their continued growth.

 

Why US Capital Is Accumulating

Sidetrade operates at the intersection of AI and enterprise finance. Its platform intelligently automates the Order-to-Cash processes for large enterprises, powered by Aimie, its agentic AI trained on a proprietary Data Lake of over $8 trillion in B2B payment transactions from more than 42 million buyer companies worldwide.

The company’s billing model is based on transaction volume. In a sector where AI-driven disruption threatens to compress per-seat pricing, this architecture eliminates the cannibalization risk the market is applying broadly to software valuations.

In 2025, Sidetrade moved from predictive AI to autonomous execution, launching the first AI Cash Collection Agent capable of calling debtors, qualifying invoices, and executing collections without human intervention. Twenty-four agents are entering live production with multinational clients by the end of Q1 2026.

 

 

Gartner, Magic Quadrant for Invoice-to-Cash Applications, 6 May 2024, Tamara Shipley Et Al.
Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
GARTNER is a registered trademark and service mark of Gartner and Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

Home » News

Briarwood Chase Management LLC is a New York-based firm focused on making long-term investments in a highly select number of global opportunities. Briarwood builds each position through deep fundamental due diligence, direct management engagement, and operational reviews, targeting companies with strong growth characteristics and durable competitive advantages.

The firm acquired additional shares of Sidetrade through its fund Briarwood Capital Partners LP, following its initial crossing of the 5% threshold at year-end 2024.

Briarwood believes that due to the foresight of management, Sidetrade is uniquely positioned to lead in providing AI-native solutions in the Order-to-Cash space, citing specifically how Sidetrade has a proprietary data advantage, having leveraged unique customer data in an anonymized and highly secure manner to build an exclusive data lake. Sidetrade’s multi-year contracts (averaging 3-4 years) also give the company a strong incumbency advantage versus competitors.

Proprietary data is the new gold, and we believe Sidetrade’s leading Data Lake in the Order-to-Cash vertical, built over the past ten-plus years, provides a strong moat that competitors cannot easily build or replicate said Robert Blatt, Managing Director of Briarwood Chase Management. We also were deeply impressed by management building and operating their own data center infrastructure with Nvidia GPU chips not only before AI was in vogue but even well before ChatGPT’s first commercial release – as well as the fact that the company is now training and developing their own domain-specific LLM. Sidetrade management has been preparing for AI and building AI into its product roadmap for many years, and this, combined with its vast proprietary data, gives us conviction that not only is Sidetrade differentiated from most SaaS businesses, it is now even potentially better described as an AI-native ‘start-up’ than a traditional software business.

As trillions of dollars pour into AI infrastructure globally, value creation is shifting from the compute layer to the application layer, where domain-specific AI platforms transform raw processing power into measurable enterprise outcomes. Sidetrade operates at this layer. Its AI-native platform automates the entire Order-to-Cash cycle for large multinational organizations, powered by Aimie, Sidetrade’s agentic AI. Aimie is trained on a proprietary Data Lake comprising over $8 trillion in B2B payment transactions from more than 42 million buyer companies worldwide, captured directly from live enterprise workflows over a decade. This represents a head start of at least three years that widens with every transaction processed. This data moat forms the foundation upon which Sidetrade builds, trains, and deploys AI models specifically designed for Order-to-Cash operations at enterprise scale.

In 2025, Sidetrade moved from predictive AI to autonomous execution. The company launched the first AI Cash Collection Agent capable of calling debtors by phone, qualifying invoices, and executing collection actions with zero human intervention. Fifteen agents are scaling into live production with multinational clients by the end of Q1 2026, processing tens of thousands of invoices across thousands of B2B debtors. In a software market where most “AI-powered” claims remain feature-level enhancements, Sidetrade is shipping autonomous agents into Order-to-Cash workflows.

 

 

 

Gartner, Magic Quadrant for Invoice-to-Cash Applications, 6 May 2024, Tamara Shipley Et Al.
Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
GARTNER is a registered trademark and service mark of Gartner and Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

Home » News

Home » News

Home » News

The Global Payment Gap in B2B

In a volatile macroeconomic environment, B2B payment behavior reveals buyers’ efforts to optimize their working capital, along with the resulting commercial tensions and cash-flow risks that follow.

The Sidetrade Data Lake shows 37% of the days-to-pay cycle now happens after the payment due date. This shift increases uncertainty in suppliers’ cash-flow forecasting and raises the stakes in working capital management.

 

Regional Discipline, Not Terms, Explains Who Gets Paid Faster

Globally, businesses took an average of 51 days to get paid in 2025, composed of:

 


The data indicates that short commercial payment terms alone do not reliably accelerate cash generation.

Country-level disparities are significant:

That 37-day gap represents cash exposure for multinational enterprises operating across regions.

 

United States Snapshot: The Impact of Industry Behavior on Competitiveness

A 25-day average delay hides the United States story. On average, Financial Services, Insurance, and Real Estate operate at 57 day-to-pay with 27 days of delay, while Manufacturing and HR Services hold delays at 24 days and pay materially faster (54 days and 49 days respectively).

In this context, companies’ ability to convert revenue into cash depends first and foremost on the payment discipline specific to each industry, approval chains, and Order-to-Cash processes. Credit policies, risk segmentation, and accounts receivable management strategies must be grounded in buyers’ actual payment behavior.

 

United States Payment Discipline by Industry

 

European Payment Gap Despite Regulation

Europe outperforms the United States on payment discipline (18 vs. 29 days of delay), but EU regulation does not equal consistency. The Netherlands sets the global benchmark with Germany, Sweden, Finland, and the Czech Republic close behind (12 -15 days). Spain and parts of Southern and Eastern Europe lag, by weeks despite operating under similar legal framework.

These patterns reinforce that regulation alone does not standardize payment behavior. Control of Order-to-Cash discipline, at both the industry and enterprise levels, remains decisive.

 

European Payment Delay by Industry

Germany averages 15 days of delay; ICT and Transport & Logistics underperform relative to the national baseline.

Within France, average payment delay stands at 19 days, but ranges from 17 days in Retail and Transport & Logistics to 24 days in HR Services.

The United Kingdom averages 21 days of delay, with Life Sciences and Manufacturing among the slowest.

Late payments are structural and consistently exceed statutory limits. For policymakers, they offer real-time insight into underlying economic pressures, said Mark Sheldon, CTO at Sidetrade. For enterprises, payment delays undermine cash forecasting, inflates accounts receivable costs, and weakens balance-sheet confidence. Renegotiating commercial terms treats the symptom. Controlling the Order-to-Cash cycle addresses the cause.

 

Data First, AI Second

In large enterprises, customer payment behaviors are spread across ERPs, CRMs, spreadsheets, and manual work, masking the drivers of payment delay. In 2015, Sidetrade recognized that payment signals were fragmented and largely untapped. The company evolved from an Order-to-Cash SaaS vendor to a data-centric, AI-native cash performance platform, backed by sustained investment in proprietary private-cloud infrastructure purpose-built to ingest, normalize, and analyze large-scale financial transaction data with high reliability.

We began by building the data foundation to analyze the Revenue-to-Cash, said Mark Sheldon, CTO at Sidetrade. Since 2016, the Sidetrade Data Lake has been used for training our AI models. The continuous accumulation of payment experiences, combined with proprietary infrastructure and models purpose-built for Order-to-Cash, allows our AI to learn from trillions of payment experiences. Other models, trained on broad and/or much smaller datasets, cannot reproduce that level of accuracy and outcomes in terms of financial performance.

Today, the Sidetrade Data Lake aggregates more than $8 trillion in anonymized B2B transactions, forming a continuous, payment behavior-driven dataset that reflects how enterprises pay their suppliers across regions, industries, and economic cycles.

Sidetrade’s differentiation is rooted in more than a decade of continuous investment in domain-specific data, combined with the operation of its IT infrastructure and controls over the entire AI lifecycle. From data ingestion to model deployment, the company operates without reliance on third-party MLOps platforms, ensuring long-term technological coherence and sustained operational performance.

 

The Importance of Financial Decision Intelligence

Static datasets do not learn. The Sidetrade Data Lake continuously captures and standardizes buyer and vendor interactions, creating the foundation required for reliable domain-specific AI at scale. Payment events are streamed in near real time Sidetrade’s AI stack, through a Kafka-based ingestion layer, persisted in a scalable analytical store, and refined through a medallion architecture that progresses data from raw to curated states. Transformations are SQL-driven, versioned, and testable, enabling reproducibility and auditability at scale.

This IT architecture allows Sidetrade to maintain consistent historical views of invoices, payments, disputes, and Order-to-Cash actions across regions, and business units. It also provides curated, production-grade feature sets to AI models supporting predictive and prescriptive use cases in collections, dispute management, credit risk, and cash forecasting.

Quality data is the foundation of AI. Without it, there’s no learning and no intelligent Order-to-Cash, said Mark Sheldon, CTO at Sidetrade.

Indeed, Aimie, Sidetrade’s agentic AI, models payment behavioral patterns that remain invisible to static or single-tenant datasets (client-bound datasets). In 2025, the Sidetrade Data Lake captured approximately 285 million invoices representing $1.7 trillion. The result is improved decision-making accross collections prioritization, dispute resolution, credit risk assessment, payment window modeling, and cash forecasting.

The discrepancies we see in the Data Lake are not marginal. They tilt the competitive balance between complex, multi-entity organizations in the same industry, strain trust between suppliers and customers, Sheldon said. In 2025, Aimie executed or recommended more than 5.1 million collection actions and supported a 49% increase in cash collection efficiency. This performance reflects a shift away from reactive workflows toward disciplined, AI data-driven operation.

Aimie, Sidetrade’s autonomous decisioning AI engine, applies probabilistic modeling, algorithmic optimization, and natural language processing to interpret payment behavior in context. This includes recurring disputes, approval bottlenecks, and region-specific execution patterns. Unlike generic models that operate on abstract assumptions, Aimie’s decisions are grounded in observed customer behavior inside live financial workflows, including exception-heavy scenarios where traditional automation breaks down. Outcomes are continuously captured and fed back into Sidetrade’s platform, allowing AI models to recalibrate against real payment results rather than static benchmarks.

Autonomous decisioning in finance doesn’t come from a model alone, Sheldon concluded. It comes from the scale, structure, and governance of the data behind it. Aimie is trained on anonymized, real-world B2B payment behavior, using Order-to-Cash-specific models, deployed within a governed and private environment. That data foundation is what allows our autonomous agents to prioritize collections, surface disputes, flag emerging risk, and forecast cash with a level of accuracy and operational efficiency that generic AI agents cannot match.

With Sidetrade, enterprises are transitioning from static, rules-based automation to autonomous cash flow decisioning powered by adaptive AI. In volatile markets, where payment behavior shifts rapidly across countries and industries, predefined workflows fail to keep pace. As regional and industry patterns diverge, effective decisions depend on AI systems that learn continuously and act in real time.

 

 

 

Home » News

Olivier Novasque, CEO and Founder of Sidetrade, commented:

After a challenging first half marked by weaker bookings, driven by both the macroeconomic environment and an exceptionally unfavorable comparison base effect following the record first half of 2024, Sidetrade gradually regained consistent commercial momentum in the second half of the year. This momentum is expected to continue and potentially accelerate over the coming quarters.

The launch of Sidetrade’s AI Cash Collection Agent, fully autonomous and scheduled for commercial release in the first quarter of 2026, has already secured pre-orders from four multinational companies. Currently in the qualification phase and undergoing advanced testing, the planned deployment into live production of 15 agents by the end of the first quarter of 2026 will enable the qualification of tens of thousands of invoices involving thousands of B2B debtors, without human intervention. A world first in the Order-to-Cash industry. In the context of the agentic AI transformation, reshaping entire sectors of the economy and redefining the relationship between humans and work, the launch of this autonomous Agent marks only the first phase of Sidetrade’s AI strategy. An even more disruptive roadmap will be unveiled shortly.

From a business perspective, Sidetrade sustained its growth trajectory in 2025, with revenue up 14% including 20% growth in subscriptions at constant currency. This performance, particularly strong in subscriptions, reflects an equal contribution from organic growth of 10% and the relevance and effective execution of our external growth strategy, also contributing 10%, driven by the successive acquisitions of SHS Viveon in Germany and ezyCollect in Asia-Pacific. The latter represents a new growth lever for the Group and is expected to accelerate the deployment of our agentic AI within the SME segment, which has a structurally strong demand for scalable, cost-efficient resources.

Over the past four years, Sidetrade has nearly doubled in size, reaching €36.8 million in revenue in 2022, and has become a global player, with 71% of revenue generated internationally. The Group now serves all market segments, from small businesses to multinational corporations. Beyond the financial metrics, the AI strategy initiated in 2016 continues to deliver tangible results and is expected to accelerate further in 2026, making the next three years particularly exciting.

 

Gradual Recovery in Commercial Momentum in H2 2025

Sidetrade closed Q4 2025 with new Annual Contract Value (ACV) of €3.25 million, down by 14% year over year compared with Q4 2024. This performance included €1.3 million in new Annual Recurring Revenue (ARR) subscriptions and €1.95 million in services bookings.

After a first half marked by a 21% decline, driven by a challenging economic environment and a particularly demanding comparison base (with H1 2024 representing an all-time record), booking activity stabilized in the second half of 2025. For H2 2025, ACV bookings totaled €5.16 million, compared with €5.31 million in H2 2024, representing a limited decrease of 2.8%. This comprised €1.88 million in new ARR subscriptions and €3.28 million in services bookings.

 

…offsetting the full-year decline in 2025

For full-year 2025, ACV bookings totaled €11.04 million, compared with €12.73 million in 2024, including €4.32 million in New ARR subscriptions and €6.71 million in services bookings. The improvement observed in the second half reduced the contraction from 21% in the first half to 13% for the year as a whole. Beyond the macroeconomic headwinds, which prompted increased caution among large enterprise customers, the level of bookings achieved in 2025 (€11.04 million) remained close to that of 2023 (€11.3 million), the reference year preceding the all-time record set in 2024.

 

Strong Revenue Growth in 2025: 14% Overall, Including 20% Growth in SaaS Subscriptions at Constant Currency (Up 12% and 18%, Respectively, on a Reported Basis)

Sidetrade
(€m)		 2025 2024 Change
SaaS subscriptions 53.5 45.5 +18%
Revenue 61.4 55.0 +12%

2025 figures are based on unaudited consolidated data.

 

Sidetrade delivered sustained growth in 2025, with consolidated revenue of €61.4 million, up 14% at constant currency (12% on a reported basis). SaaS subscription revenue for 2025 reached €53.5 million, representing growth of 20% at constant currency (18% on a reported basis). On a like-for-like basis (excluding the consolidation of SHS Viveon in H2 2024 and ezyCollect in Q4 2025), organic growth at constant currency amounted to 10% in 2025, underscoring the resilience of Sidetrade’s recurring revenue base in a volatile macroeconomic environment.

The Group’s enterprise-focused commercial strategy continues to deliver results. Subscriptions from companies generating more than €2.5 billion in annual revenue increased by 23% and accounted for 54% of the Enterprise portfolio. This performance confirms the relevance of Sidetrade’s positioning with multinational organizations.

International expansion remains a key growth driver. In 2025, 71% of revenue was generated outside France, reflecting Sidetrade’s expanding geographic footprint and global scale. Within this dynamic, North America recorded growth of 25% at constant currency, becoming the Group’s leading region and representing 30% of total revenue.

In FY 2025, ezyCollect contributed €2.2 million in revenue following its integration on October 1, 2025. Its activities, now reported within the Asia-Pacific region (Australia, New Zealand, and the Philippines), represented 13% of Group revenue in the fourth quarter of 2025. This newly established region is emerging as an additional growth engine for the Group.

 

Autonomous AI Agent: Four Multinationals in the Deployment Phase

Sidetrade has reached a technological threshold by equipping Aimie with agentic capabilities. This marks the first building block in an architecture of specialized AI Agents designed to collaborate and industrialize execution across the Order-to-Cash cycle.

In May 2025, Aimie was introduced as the first autonomous, interactive AI Cash Collection Agent, capable of executing dunning actions and interacting with humans by phone. This agentic AI has since evolved from intelligent automation and conversational assistance to closed-loop execution with controlled autonomy. Within a defined governance framework, Aimie can leverage transactional and behavioral signals from the Sidetrade Data Lake to call customers at the optimal time, qualify an outstanding invoice with the debtor, and then deliver a contextualized transcript into the Sidetrade platform providing traceability and faster execution for customer-facing teams.

For large organizations, maintaining control over rules and ensuring traceability of actions, under supervision aligned with credit policies and compliance requirements, are prerequisites. For finance teams, the objective is to increase productivity and systematize the use of phone calls, which is recognized as the most effective channel in cash collection. The ultimate goal is to accelerate cash generation and standardize execution at scale.

During the pre-launch phase, four multinationals chose to evaluate the Aimie Agent in real-world conditions. The objective is to move 15 autonomous Cash Collection Agents into production by the end of the first quarter of 2026, enabling these multinationals to scale their collections operations, reaching thousands of debtors and qualifying tens of thousands of invoices without human intervention, a world first in corporate finance.

 

ISO 27001 Certification Renewed and SOC Type II Reports Published

Sidetrade strengthens its trust foundation for global enterprise customers with the renewal of its ISO/IEC 27001 certification, aligned with the latest version of the norm (2022), and the publication of SOC 1 Type II and SOC 2 Type II reports.

These certifications provide auditable proof of the maturity of Sidetrade’s controls, governance, and risk management, as expected by IT, Risk, and Procurement teams within large organizations. The result: reduced friction during security due diligence, shorter validation cycles, and the ability to deploy solutions at scale across multi-entity and multi-country environments without compromising operational control.

 

Leading ESG Performance Recognized by EthiFinance and EcoVadis

In 2025, Sidetrade validated the maturity of its ESG approach through two benchmark assessments:

These recognitions serve as valuable external proof points for enterprise customers, partners, and investors. They reflect the continued strengthening of ESG policies, controls, and performance indicators, and reinforce Sidetrade’s credibility in procurement, risk, and compliance processes at a time when CSRD requirements demand more auditable and comparable reporting.

 

Sidetrade enters the 2026 fiscal year with confidence, a clear strategic vision, and the resources required to deliver on its ambitions.

Home » News

The SOC (System and Organization Controls) reporting framework provides independent assurance on the design and operating effectiveness of controls over time. Following audits conducted by EY France, Sidetrade received SOC 1® Type II and SOC 2® Type II reports with an unmodified auditor’s opinion, confirming that its internal controls were suitably designed and operated effectively throughout the audit period.

Notably, these results were achieved while Sidetrade integrated acquisitions, expanded its global footprint, and introduced new agentic AI capabilities, indicating a level of control maturity capable of absorbing structural and technological change without degradation.

In parallel, the ISO 27001:2022 full recertification confirms the continued effectiveness of Sidetrade’s Information Security Management System (ISMS), aligned with international best practices, with no material nonconformities recorded. Sidetrade has been ISO 27001 certified since 2019.

According to Laurent Pontier, Sidetrade CTO Chief of Staff:Achieving these SOC1, SOC2 and ISO 27001 results, while scaling rapidly and introducing new agentic capabilities required a disciplined, cross-functional operating model, and I’m incredibly proud of the teams involved. Security and compliance at Sidetrade are designed as proactive control layers, developed to remain robust as our products, AI architecture and market conditions evolve.

 

A trust signal for regulated and US-based enterprises

For enterprises operating under Sarbanes-Oxley (SOX) or equivalent regulatory regimes, SOC 1® Type II remains a core assurance mechanism, confirming that software supporting financial processes is governed by reliable and consistently applied, auditable controls. SOC 2® Type II, increasingly required by US enterprises during vendor due diligence, provides independent assurance over security, availability, and confidentiality controls across infrastructure and development operations.

AI at scale cannot be treated as an experiment. It must be governed, observable, and resilient by design, said Pontier. The SOC reports reflect how we design our AI platform to meet the control standards expected in SOX-regulated environments. Trust is not declared. It is demonstrated, year after year.

Issued by EY CertifyPoint, Sidetrade’s latest ISO 27001 recertification adds a complementary layer of assurance, signaling a mature and embedded approach to information security governance. In 2025 Sidetrade transitioned to the latest version of the norm: ISO/IEC 27001:2022.

 

AI platform and data sovereignty built into security framework

With AI central to Sidetrade’s platform, the company’s ISO/IEC 27001:2022 certified ISMS scope explicitly includes its artificial intelligence systems, including Aimie, its agentic AI, alongside its core Order-to-Cash applications and services.

Sidetrade’s SOC 1® Type II report covers controls relevant to customer-facing applications supporting financial processing, while the SOC 2® Type II report covers the organization’s controls across people, processes and technology, including operational processes and its software development lifecycle.

While SOC reports do not provide AI-specific assurance, AI capabilities are developed and operated under the same standard development and security controls applied across Sidetrade’s platform.

Since its inception, Sidetrade has taken a deliberate approach to sovereignty by operating its infrastructure, AI models and payment data within a controlled environment. This ensures full segregation of customer data and keeps it within, secure, controlled boundaries. The approach is designed to meet the highest standards of privacy, security and regulation, including GDPR.

 

Preparing for the next regulatory wave

The audit outcomes also support Sidetrade’s preparation for emerging regulatory frameworks, including the EU AI Act, which is expected to increase formal expectations around risk management, transparency, and control design for AI companies such as Sidetrade.

While SOC reports are distributed under NDA and ISO 27001 certification applies strictly to the defined ISMS scope, the combination remains a key trust signal for enterprises evaluating AI vendors in mission-critical financial workflows.

As businesses accelerate AI adoption while tightening vendor oversight, Sidetrade’s latest audit outcomes position it among AI providers treating security assurance as continuous operational discipline rather than a marketing milestone.

Find out more about Sidetrade’s commitment to effective governance and Corporate Social Responsibility here.