Sidetrade wins global contract with a world leader in manufacturing
Sidetrade, the global leader in
AI-powered Order-to-Cash solutions, announces that it has
signed a global contract with BIC, a world leader in
stationery, lighters, and shavers, to deploy its cutting-edge
platform in the United States and Europe.
In the ever-evolving landscape of business
operations, choosing the right partner for global processes is
paramount. For BIC, a multinational corporation renowned for its
stationery, lighter, and razor products sold in more than 160
countries, the drive to optimize its Order-to-Cash (O2C) cycle and
reduce payment delays led to the decision to select Sidetrade.
Facilitating BIC's O2C
transformationPowering BIC's O2C transformation are an array of
Sidetrade’s collections and dispute management offerings, as well
as its new Cash App to automate the reconciliation of customers'
banked payments with open invoices. Sidetrade was selected for its
impressive specialization in shared service centers worldwide,
profound expertise in this domain, and analytical capabilities
which aligned with BIC's objective to further extend data-driven
decision-making across its commercial operations.
Eric Balay, Vice President, Group Commercial
Finance at BIC commented: “Sidetrade’s global presence and
ability to deliver tailored solutions at a regional level offers
significant benefits for our business. As well, their expert data
analysis will provide us with insightful and actionable insights as
we continue to optimize our customer service capabilities.”
The global reach factorThis new customer
acquisition is the latest in a series of global contracts secured
by Sidetrade in 2023, highlighting the continued significance of
its expanded worldwide presence. Sidetrade maintains a distinct
advantage in catering to the varied requirements of international
companies, offering tailored assistance and swift regional and
local responsiveness.
In addition, Sidetrade’s renowned reputation for
delivering Customer Success excellence, backed by seasoned O2C
experts, played a pivotal role in BIC’s decision. Sidetrade's
customer-centric approach offers complimentary expertise to every
single customer to maximize their value and results.
Timothy Ray, North America Area VP Sales at
Sidetrade, commented: "As Sidetrade assumes the role of BIC's
global Order-to-Cash supplier, our commitment is clear: to
strengthen their global expansion while cultivating heightened
collaboration and enhancing efficiency, transparency, and
data-driven insights.
“The selection of Sidetrade's Cash App stands as
a testament to our innovation in AI and predictive analytics. The
partnership with BIC is exciting and showcases Sidetrade’s
collaboration with global enterprise organizations seeking the
versatility of adaptable O2C solutions."
BIC joins the ranks of international players in
the manufacturing sector who already rely on Sidetrade to optimize
the full O2C lifecycle and provide continuous improvements to their
O2C efficiency.
Sidetrade
contactsInvestor
Relations
Christelle Dhrif 00 33 6
10 46 72 00 cdhrif@sidetrade.comMedia
Relations
Rebecca Parlby 00 44 7824 5055
84 bparlby@sidetrade.com
About Sidetrade
(www.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 $4.6 trillion worth of B2B payment transactions
daily in the Sidetrade Cloud to predict customer payment behavior
and the 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. Sidetrade has a global reach, with 300
talented employees based in Paris, London, Birmingham, Dublin,
Houston, and Calgary, serving global businesses in more than 85
countries. Amongst them: Tech Data, KPMG, Nespresso, Hearst,
Expedia, Criteo, Manpower, Securitas, Randstad, Engie, Veolia,
Inmarsat, and Bidfood.Sidetrade is a participant of the United
Nations Global Compact and adheres to its principles-based approach
to responsible business.For further information, visit us at
www.sidetrade.com and follow us on Twitter @Sidetrade.
About BIC A
world leader in stationery, lighters and shavers, BIC brings
simplicity and joy to everyday Life. For more than 75 years, the
Company has honored the tradition of providing high-quality,
affordable, essential products to consumers everywhere. Through
this unwavering dedication, BIC has become one of the most
recognized brands and is a trademark registered worldwide. Today,
BIC products are sold in more than 160 countries around the world
and feature iconic brands such as BIC Kids™, BIC FlexTM, BodyMark
by BICTM, Cello®, Djeep, Lucky Stationary, Rocketbook, Soleil®,
Tipp-Ex®, Us. TM, Wite-Out®, Inkbox, and more. In 2022, BIC Net
Sales were €2,233.9 million. The Company is listed on Euronext
Paris, is part of the SBF120 and CAC Mid 60 indexes, and is
recognized for its commitment to sustainable development and
education. It has received an A- Leadership score from CDP. For
more, visit www.bic.com.
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 wins global contract with a world leader in
manufacturing
Grafico Azioni SideTrade (EU:ALBFR)
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