Sidetrade named as a Leader in the first Gartner® 2022 Magic
Quadrant™ for Integrated Invoice-to-Cash Applications
Global AI-powered Order-to-Cash platform,
Sidetrade, today announced it has been recognized as one
of three Leaders in the Gartner Magic Quadrant for Integrated
Invoice-to-Cash Applications.1
Gartner describes the position of Leader as “the
strongest position to influence the market’s growth and direction.”
In addition, “they demonstrate a market-defining vision of how
integrated I2C applications can help CFOs achieve their business
objectives of improving cash flow while enabling efficiencies and
predictive capabilities within their AR operations.”
Ten vendors were assessed on several critical
solution capabilities including collections, customer invoicing,
deductions & disputes, as well as wider factors including
product innovation, strategy and efficiencies.
Sidetrade’s CEO and founder, Olivier
Novasque, commented: “Since our inception 22 years ago,
Sidetrade has not stopped innovating or leading the way forward for
the Order-to-Cash (O2C) industry: we were the first 100% SaaS
platform on the O2C market; in the mid-2010s, we were ahead of the
AI curve when we began aggregating billions of B2B transactions
within our unrivalled data lake (which enabled us to make our
“Augmented” capabilities a reality within our product); and again
in 2015, we were the first to market with a true AI-powered O2C
virtual assistant - also known as Aimie.
“Today, this Gartner recognition - which
positions Sidetrade as one of three Leaders – is, in our opinion,
a testament to all our teams’ hard work, as well to all our
customers who have supported us throughout our journey taking the
O2C market to the next level.”
This Leader positioning for Sidetrade is the
latest in a long line of industry recognitions, including:
- The 2021 Gartner Market Guide for Integrated Invoice-to-Cash
Applications Report2
- Quadrant Knowledge Solutions’ SPARK Matrix: Account Receivable
Application Research, 2021
- The IDC MarketScape: Worldwide SaaS and Cloud-Enabled Accounts
Receivable Automation Applications for Enterprise 2020–2021 Vendor
Assessment.
In the fallout from the pandemic, cash culture
has been positioned higher on business leaders’ agendas, as
companies look to secure and accelerate cash flow generation and
establish a 360° vision in the Order-to-Cash cycle.
Now that intelligent technologies support
changing methods of delivering enterprise business capabilities,
CFOs have a vested interest in including these intelligent
technologies in their new roles and new challenges, or risk missing
opportunities to optimize value and drive growth.
Sidetrade provides next-generation AI to
companies worldwide and across all industries, including behemoths
such as Micro Focus, Tech Data, XPO logistics, Expedia and many
more. Its AI technology is powered by its unrivalled data lake of
over $4.6 trillion B2B payment experiences and more than
593 million invoices.Sidetrade’s Chief Product Officer, Rob
Harvey added: “With Aimie - our AI virtual assistant - Finance
leaders can rely on a global and proven solution from Sidetrade,
enabling them to do business with confidence and successfully
streamline their Order-to-Cash processes to dramatically increase
their efficiencies and accelerate cash flow generation.”
From a corporate perspective, Sidetrade has seen
impressive growth since its launch in 2000, most recently reporting
on its 2021 annual results which saw a series of record-breaking
announcements, including strong growth in SaaS revenue, a new
bookings record set, and a promising year of continued growth ahead
in 2022.
For more information on today's announcement,
download a copy of the Gartner Magic Quadrant for Integrated
Invoice-to-Cash Applications here.
[1] Gartner, Magic Quadrant for “Integrated
Invoice-to-Cash Applications, Nisha Bhandare, Mark D. McDonald,
Tamara Shipley, 6 April 20222 Gartner, Market Guide for Integrated
Invoice-to-Cash Applications, By Nisha Bhandare, 17 May
2021
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Media
relationsBecca Parlby+44 7824 5055 84 /
bparlby@sidetrade.com
About Sidetrade
(www.ww.sidetrade.com)Sidetrade (Euronext Growth:
ALBFR.PA) provides a SaaS platform dedicated to securing and
accelerating cash flow. Sidetrade’s next-generation AI, nicknamed
Aimie, analyzes $4,600 million worth of B2B payment transactions
daily in the Sidetrade Cloud to predict customer payment behavior
and attrition risk of more than 21 million companies worldwide.
Aimie recommends the best cash collection strategies, intelligently
automates actions on the Order-to-Cash process, and dematerializes
customer transactions to enhance productivity, performance and
working capital management. Aimie is a real gamechanger in
augmented intelligence - a system whereby individuals and machines
work together faster and smarter, in complementary ways. Sidetrade
has a global reach, with 250 talented employees based in Paris,
London, Birmingham, Dublin, Houston, and Calgary, serving global
businesses in 80 countries. Amongst them: Tech Data, KPMG,
Nespresso, Hearst, Expedia, Manpower, Securitas, Randstad, Engie,
Veolia, Inmarsat, and Bidfood.
For further
information, visit us at www.sidetrade.com and follow us on Twitter
@Sidetrade.
In the event of any
discrepancy between the French and English versions of this press
release, only the English version is to be taken into account.
- Sidetrade named as a Leader in the first Gartner® 2022 Magic
Quadrant™ for Integrated Invoice-to-Cash Applications
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