Viseo Leverages Sidetrade Technology to Streamline Financial Operations

Viseo, a company specializing in digital transformation for businesses, has improved its customer financial relationships by implementing Sidetrade's AI technology and expertise. The initiative aims to accelerate cash flow and ensure a return on investment for the service-based company, which relies heavily on efficient financial cycles.

Viseo adopted Sidetrade's solutions for accounts receivable management in 2017. According to the company, as a fast-growing consultancy with over 2,000 employees, it needed to achieve results quickly without overcomplicating its finance department's structure. Partnering with Sidetrade provided immediate access to advanced credit management technology and specialized team knowledge.

Sidetrade's AI system, Aimie, trained on 313 million B2B payment experiences, analyzes each of Viseo's clients' payment behaviors and recommends real-time, optimal strategies for payment follow-up. This has reportedly improved performance, reduced payment disputes, and expedited the resolution of misunderstandings.

According to Viseo, the collaboration with Sidetrade has reduced the duration of late payments by 10 days, resulting in an additional $5.3 million in cash flow. The rate of overdue payments is now stable at 23% and is expected to further improve in fiscal year 2020, driven by Aimie's machine learning algorithms. This partnership has demonstrated significant financial returns impacting both sales and finance operations.