Sidetrade announces that it has reached an agreement with an American IT services giant, marking the largest market in its history. The contract represents an order intake of $4.2 million over an initial term of three years.

As of the first quarter of 2022, Sidetrade has signed a global contract for an initial period of three years with an American company specializing in strategic technology consulting and the delivery of critical IT services. Listed on the NYSE and belonging to the "Fortune 500 global technology services", this player is present in 70 countries, has more than 130,000 employees and supports the digital transformation of the largest private companies and public organizations in the world.

With a turnover of more than 17 billion dollars, the control of the Working Capital Requirement, and in particular of customer payment terms, had become a crucial issue for this group which had placed the securing and acceleration of cash flow generation has been at the heart of its financial objectives for several years. Sidetrade will equip all employees in charge of the Order-to-Cash process, and in particular those within their four shared service centers. Sidetrade's Augmented Cash platform with Aimie , the Artificial Intelligence technology, will replace worldwide another American solution currently used by the group.

This new contract, the largest in Sidetrade's history, is fully in line with the Fusion100 growth plan, which notably aims to integrate the Top 3 players on the North American continent. In line with its record order intake in the fourth quarter of 2021 and the 16% growth in its SaaS activities ¹ , Sidetrade – with this new contract – smashes its SaaS order intake record for a single customer with a total value of $4.2 million in Annual Recurring Revenue over three years.

Olivier Novasque, President and CEO of Sidetrade, said:
“We are proud to support an American giant in its transformation project to accelerate its cash flow generation. Being selected by a key player in IT consulting is tremendous recognition of the value of Sidetrade, its technology and its teams.
In a competitive context, our technological lead in Artificial Intelligence has been decisive against our two main American challengers. After Expedia, Tech Data and XPO, this emblematic signature propels Sidetrade as a benchmark Order-to-Cash player in the American market and strengthens the execution of our Fusion100 strategic plan, just a few months after the start of our activities. in the USA ".

Sidetrade approaches the 2022 financial year with confidence, a clear vision for its future and the means to match its ambitions.