According to Gartner (source: Magic Quadrant Research Methodology | Gartner), “Leaders execute well against their current vision and are well positioned for tomorrow.”
Sidetrade Chief Product Officer, Rob Harvey said:Artificial intelligence and data are at the core of the intelligent enterprise. At Sidetrade, we are committed to streamlining cash flow journeys with a customer-centric approach through predictive analytics. Our AI virtual assistant, Aimie, analyses buyer payment behavior to provide real-time insights and recommendations, taking the guesswork out of decision-making and improving performance.
According to us, being positioned as a Leader by Gartner for the second year in a row is a tremendous acknowledgement that we are on the right track! We remain focused on our mission to help organizations unlock their customer value and drive sustainable growth with our innovative solutions.
From Sidetrade’s perspective, its position as a Leader in the 2023 Gartner Magic Quadrant acknowledges its ongoing commitment to grow in the global market, with a focus on its expansion in North America.
Sidetrade CEO and Founder, Olivier Novasque, said: At Sidetrade, we strive to innovate and create collaborative and generative intelligence for Order-to-Cash. Since our inception, we have never stopped innovating. We were among the first to embrace the pure SaaS model and have created the most unique Data Lake in our field.
Our customers have played an essential role in this adventure, and we are thrilled to be positioned as a Leader in the Gartner Magic Quadrant- again! I would like to warmly thank all our customers for their trust in our advanced technology and all the Sidetraders for their hard work, which made this recognition possible. After impressive growth in 2022, we look forward to another promising year of continued growth in 2023.
1 Source Gartner, “Magic Quadrant for Integrated Invoice-to-Cash Applications”, Tamara Shipley, Nisha Bhandare, and Valeria Di Maso, 2 May 2023.
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Oddo BHF initiated coverage of Sidetrade with an ‘Outperform’ rating and a target price of EUR 188 based on 1/a qualitative positioning in a buoyant context for Order-to-Cash solutions, 2/its recognized Cloud/SaaS technology, 3/a solid business model, and 4/the means to meet its ambitions of joining the ‘Centaur’ club further out.
Oddo BHF’s report, titled ‘It always pays off in the end’, is available from Oddo BHF or on: https://www.sidetrade.com/company/investors/
Matthias Desmarais, Head of Equities, Oddo BHF Corporates & Markets, commented: We are delighted to support Sidetrade in its stockmarket adventure. Its history resonates with the DNA of the ODDO BHF Group, and its positioning is perfectly in line with our strategic priorities.
Oddo BHF is present in the main financial markets, notably Paris, Frankfurt, Zurich, Geneva, Hong Kong and New York. With offices in more than ten countries throughout Europe, Asia and America, Oddo BHF provides Sidetrade with international coverage.
Oddo BHF will regularly issue research reports on Sidetrade in line with business developments for the company and will organize meetings with targeted investors.
Sidetrade is also followed by the Gilbert Dupont (Société Générale Group) broker, which initiated coverage of Sidetrade in July 2009, as well as by TP ICAP Midcap since October 2020.
* All reports on Sidetrade prepared by analysts represent the opinions of those analysts and not necessarily those of Sidetrade. The information in such reports does not constitute an offer to sell or subscribe or a solicitation of an offer to buy or subscribe to any security in France, Europe, the United States, or any other country.
Kyocera Document Solutions Europe (KDE), a leading global provider of total document solutions, has selected Sidetrade to control and analyze their cash flow and enhance productivity for central EMEA. This contract covers four Kyocera territories in the UK, France, Italy and the Netherlands.
Hiroshi Takenaka, Executive Vice President, KDE, commented: In times of disruption and rapid change, businesses should focus on growth without compromising customer relationships. Through the partnership with Sidetrade, we will achieve our main objective of transforming information into a valuable asset that our organizations can leverage to drive change.
Kyocera’s eco-friendly printers, business applications and consultancy services enable customers to manage their document workflow to achieve new heights of efficiency. With Sidetrade, Kyocera can now drive growth, achieve real-time cash visibility at HQ level and optimize resource utilization within the group. Sidetrade will also enable Kyocera to enhance their Order-to-Cash processes, proactively mitigate the risk of bad debt, and improve overall performance and sustainability.
Drs. Fraz Rasool RA, General Manager, EMEA Finance, Accounting & Control Division, KDE added, Kyocera follows the Principle of Cash-Basis Management, which is a simple management style that focuses on the flow of cash. With Sidetrade, Kyocera found the right business partner that can help deliver better and faster business insight when it comes to cash collection from its valued customers.
Kyocera joins international players in the manufacturing sector who already rely on Sidetrade to simplify customer payments and provide continuous improvements to their Order-to-Cash efficiency – from e-invoicing to payment.
Jean-Claude Charpenet, VP Sales Director Europe, Sidetrade, commented: We are delighted to welcome Kyocera to the Sidetrade customer community and are looking forward to collaborating with this industry leader. It’s exciting that more major global organizations are relying on Sidetrade’s artificial intelligence and Data Lake to invoice faster, proactively drive cash flow, and accelerate payment allocation with match rates of up to 90%.