Alvarez & Marsal (A&M) and Sidetrade are pleased to announce a global strategic partnership, combining A&M’s expertise in performance improvement with Sidetrade’s unique know-how in Artificial Intelligence solutions for B2B.
Alvarez & Marsal has selected Sidetrade as their intelligent Order-To-Cash Partner to help their clients seamlessly link financial operations and improve working capital.
Businesses are increasingly recognizing that, to improve working capital, they need advanced technology to accelerate cashflow. The A&M-Sidetrade partnership brings together deep financial experience in business and strong AI technology to help companies through successful order-to-cash.
Ben Tatham, Managing Director of A&M, said: Alvarez & Marsal believes in technology innovation, automated business processes and most of all providing the customer with the right solution. Partnering with Sidetrade to deliver intelligent Order-To-Cash will allow us to support the next generation of sucessful organizations. Our partnership with Sidetrade is an important step in helping our clients move forward on their digital transformation journey. Sidetrade AI provides a unique opportunity for businesses to accelerate cashflow generation.
A&M work with their clients to solve problems and deliver results. This includes offering the latest proven technologies that deliver real benefits through automation and transformation. This is Sidetrade’s strength.
Mr Tatham continued: With Sidetrade, we will unlock the full potential of payment behavior and place our clients on the best path for success in the new working capital landscape.
Sunil Pandit, partner and alliance lead at Sidetrade said: The A&M-Sidetrade partnership is a powerful combination. A&M working capital experts uncover and implement the right solution, at the right time, in the right way. They help businesses to solve complex challenges, create greater value, and identify cash opportunities. Sidetrade will enable A&M clients to address key gaps in cash performance. I’m very excited to be working with Ben and his team, as A&M’s clients are looking for ways to improve financial operations and processes, and Sidetrade can help.
Sidetrade is particularly pleased to continue expanding their European footprint. Other strategic Sidetrade alliances include cooperation with-
- Merchant bank and business consultancy Hyman Capital;
- Specialist NetSuite ERP consultancy Threadgold Consulting;
- International finance consultancy TriFinance;
- Order-to-Cash consultancy firms: The Boss Cat, and Proservartner;
Sidetrade and their partners provide the best solutions to navigate a rapidly changing business landscape.
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In the recent release of their MarketScape dedicated to Order-to-Cash, research group IDC positioned Sidetrade as a “major player” among vendors of “Worldwide SaaS and Cloud-Enabled Accounts Receivable Automation Applications”. Two assets in particular enabled Sidetrade to earn this distinction:
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Sidetrade’s international footprint
Sidetrade solutions are already used in eighty countries. Unlike most of their competitors, who concentrate essentially on North America, Sidetrade has shown their capacity to effectively roll out their AI technology in different countries at the same time for complex multinational organizations.
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Sidetrade’s exclusive, highly advanced AI technology
Using self-learning and a database representing €124bn in B2B transactions, Sidetrade’s AI system called Aimie can-
- automate the Order-to-Cash-process
- speed up resolution of customer disputes
- recommend custom actions to follow up on late payment
According to IDC, Sidetrade’s main challenge remains educating the market on their advanced technologies, while many finance directors are still working with old-fashioned spreadsheets. IDC concludes by saying: Consider Sidetrade when you are looking for a software provider that specializes in AI technology and has a global footprint, or when cash collection, dispute resolution and bad debt improvements are primary business focuses.
In a press release referring to the IDC study, brokerage firm Midcap Partners welcomed the fact that IDC’s analysis concurs with their assessment of Sidetrade’s potential, their BUY rating and TP of €151.
Sidetrade appears as a first-rate international and innovative player with a strong positioning in what constitutes the heart of the Order-to-Cash market (cash collection, dispute management, etc.). This reinforces our vision of a group that is extremely well positioned to take advantage of a rapidly developing market. The current crisis has served as a reminder of how essential cash management is. The professionalisation of the financial management of Accounts Receivable is under way and promises many years of growth for the market’s players. – Midcap Partners
Proservartner, an international consulting firm, and Sidetrade, an artificial intelligence specialist on the Order-to-Cash, announce a new partnership.
In these challenging times, the ability to collect debt efficiently and effectively is more important than ever before. We are excited to be working with Sidetrade to transform the Order-to-Cash end to end process, and leverage Aimie -their AI tool that enables prioritisation of debt collection, and automation of collector actions- to drive better outcomes for global multinational businesses.
– Rakesh Sangani, Proservartner founder and Chief Executive
This partnership will allow Proservartner to leverage Sidetrade’s AI technology to expand its footprint on automation, shared services and outsourcing models, and improves processes, systems and data quality
Aimie fits perfectly into our Hyperautomation ecosystem, and with 33 new project wins in the last quarter, we certainly see a demand for finance leaders to drive more automation to improve DSO, quality and cost efficiency.
– Rakesh Sangani, Proservartner founder and Chief Executive
Proservartner is very well positioned to help companies drive further operational efficiencies through their order-to-cash-cycle by working with Sidetrade. Their hyperautomation practice helps organisations understand how best to leverage RPA, Intelligent OCR, Artificial Intelligence and machine learning to generate the right process outcome.
Proservartner has a very complimentary solution stack, one that accelerates the drive to more automation and removal of repetitive, manual time-consuming tasks. Rakesh and his team really understand the benefits of automation, particularly within the Shared Services Center environment, one that they are very active in and already working closely with Sidetrade one to bring greater cash and efficiency to those SSC’s that are looking for the next level of operational improvement.
– Sunil Pandit, partner and alliance lead manager at Sidetrade
The Boss Cat, Order-to-Cash (O2C) transformation consultants, has signed a new partnership with Sidetrade, an artificial intelligence (AI) specialist, to solve business challenges around accounts receivable using their technology. Nigel Fields FCICM, senior consultant for The Boss Cat, said:
I’ve spent many years working with some major corporations with very complex global structures and various revenue streams. In my quest to seek out the best O2C solution that easily integrates with ERP & accounting systems, generally lacking in O2C functionality. I identified Sidetrade as the best O2C platform available today, with its AI assistant Aimie.
This partnership brings together the expertise of The Boss Cat and Sidetrade’s leading AI solutions, and will help companies to better manage their complex order-to-cash processes.
This intelligence ensures the best collection strategies for securing prompt payment along with the functionality for non-payment issues, risk management, dispute & deductions. It delivers faster cash & reduces risk. It also provides real-time reporting that is incredibly important to the CFO and senior board to make good strategic decisions.
– Nigel Fields FCICM, The Boss Cat
The customer experience will also get a revamp, by providing greater visibility and enhancing query management through configurable automations and workflows, which enable companies to improve revenue, productivity and customer satisfaction. Sidetrade feature’s an AI assistant, Aimie, in its O2C platform dedicated to accelerating company revenue and cashflow.
Sidetrade’s platform allows for teams to easily work remotely or from home ensuring that the workflow continues, and customers are properly serviced without disruption. It’s is a system fit for 2021 and beyond. Sidetrade continues to invest in their product for the benefit of all their clients and this is observed with their long-term relationships and increasing market share.
– Nigel Fields FCICM, The Boss Cat
Sunil Pandit, partner and alliance lead at Sidetrade said: Digitalization and AI technology is transforming business. We all see the likes of Amazon, Microsoft, and Apple giving a great customer experience using automation and predictive analytics. We all want to better address our customer’s needs, improve their experience and maximize the cash for our own businesses. Our partnership with The Boss Cat will make a lasting impact for businesses who step ahead with AI for order-to-cash.