Sidetrade Financials improves your performance by benchmarking customer payment behavior, identifying untapped cash opportunities, and recommending the best actions for your collection team.
By analyzing your sales and financial data along with 230+ million payment transactions from millions of companies, Sidetrade Financials allows you to compare your average days to payment and your payment terms against the Sidetrade Payment Intelligence (SPi) benchmark. Sidetrade Financials generates a simulation of cash flow impacts from reducing both payment terms and/or delays.
With machine learning algorithms, Sidetrade Financials improves the efficiency of your collection department by recommending the best dunning actions at the right time taking into consideration your resource availability and automating outbound actions via email or mail. Additionally, Sidetrade Financials can automate routine billing inquiries to address simple questions, sort issues per account, and direct the highest priorities to your collection agents for attention.