Artificial Intelligence | News | Insights | AiThority
[bsfp-cryptocurrency style=”widget-18″ align=”marquee” columns=”6″ coins=”selected” coins-count=”6″ coins-selected=”BTC,ETH,XRP,LTC,EOS,ADA,XLM,NEO,LTC,EOS,XEM,DASH,USDT,BNB,QTUM,XVG,ONT,ZEC,STEEM” currency=”USD” title=”Cryptocurrency Widget” show_title=”0″ icon=”” scheme=”light” bs-show-desktop=”1″ bs-show-tablet=”1″ bs-show-phone=”1″ custom-css-class=”” custom-id=”” css=”.vc_custom_1523079266073{margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}”]

Faced With the Crisis, Saverglass Uses Artificial Intelligence to Keep Cash Flow Moving. Thanks to Sidetrade

Saverglass, the world leader in premium glass bottle manufacturing, has been using Aimie, the Artificial Intelligence developed by Sidetrade, to manage order-to-cash with payment predictions during the COVID crisis.

A winning relationship that started nearly a decade ago.

World leader in the manufacturing and decoration of high-end glass bottles for the wine and spirits industry, Saverglass, is renowned for their advanced technology and superior quality of service. Working capital management therefore plays a major part in their business model.

With a revenue in 2019 of €500m, and exports to over 100 countries, Saverglass decided to digitalize customer risk management and accounts receivables as early as 2011. They launched an international RFP, won by Sidetrade.

In just two years with Sidetrade, Saverglass sliced six days off their payment delays. Based on this success achieved on a limited perimeter, Saverglass decided to implement Sidetrade technology in all of their subsidiaries in France, and then also in Mexico. Six users are now connected to process a portfolio of 10,675 customers in their aging balance.

Recommended AI News: Mce Signs Agreement With Vodafone UK To Deploy A Trade-In Platform Ahead Of IPhone 12 Launch

Related Posts
1 of 40,050

Sidetrade AI: steady at the helm in turbulent times

Saverglass has built their company culture on the craft of French glassmaking and have a worldwide reputation for excellence in innovation. It was logical then, that in January 2020, they turned to Aimie, Sidetrade’s Artificial Intelligence assistant.

“When Sidetrade explained to us that they had developed a unique AI assistant, capable of making collection strategy recommendations in real time, we realized this was a chance to leap ahead in terms of efficiency and customer relations management”, said Sandrine Laroque Cressent, Credit Manager at Saverglass. “We had no idea how much the events to come would prove us right!”

Recommended AI News: Merck KGaA, Darmstadt, Germany To Deploy Insilico Medicine’s Chemistry42 AI Platform For Generative Chemistry  

Trained on more than 313 million inter-company transactions (totaling €953 billion in invoices), Sidetrade’s AI uses machine learning algorithms to develop collection scenarios and recommend the best action. From the outset, Saverglass boldly chose to entrust Aimie with a wide scope: 58 accounts, mainly export customers in high-stakes territories, such as Italy or the United Kingdom. To genuinely test Aimie’s performance, credit controllers were asked to fully carry out her recommendations. This decision proved very wise.

“During lockdown, when WCM became crucial, our teleworking teams were faced with an extremely complex situation, with payment behavior jolted by the crisis and unreachable contact people. After a preliminary learning phase, Aimie rapidly took stock of the situation, made recommendations accordingly, and executed several follow-up actions. During the period, Aimie’s actions proved to be up to 10% more effective than those taken via conventional systems”, explained Ms Laroque Cressent. “Aimie made a considerable contribution in getting us through this unprecedented period. With business picking up again, Aimie continues to provide our teams with precious support”.

Recommended AI News: Perfect Match: FAU And Memorial Healthcare System Establish Research Partnership

9 Comments
  1. Health, wealth, and beauty: monetization strategies for bloggers
    The role of SEO in affiliate marketing for health
    and beauty blogs part-time pharmacist jobs in australia
    unique passive i***** ideas for doctors in the usa

  2. Dieter says

    Awesome article.

  3. ordenar v***** en Brasil says

    Magnificent beat ! I would like to apprentice even as you amend your web
    site, how could i subscribe for a weblog web site? The account helped me a acceptable deal.
    I had been a little bit acquainted of this your broadcast offered vivid clear idea

  4. Williams says

    You are so interesting! I do not think I’ve read something like that before.
    So great to find somebody with a few unique thoughts on this subject matter.
    Seriously.. thanks for starting this up. This website is something that’s needed on the internet, someone
    with a little originality!

  5. Rileysim93 says

    Teachers become mentors, helping students develop the skills necessary for self-directed, lifelong learning.

  6. Copper scrap quality assurance Copper scrap import requirements Scrap metal recovery and salvage
    Copper cable scrap recycling and export site, Scrap metal reutilization and recycling, Copper scrap recycling statistics

  7. медицинский центр онлайн в Москве says

    современная клиника онлайн где сделать справку от врача в Москве медсправка задним числом купить в Москве

  8. Coryna says

    For s** toys to do a good job, they need to have a few important features. Here are some of the most popular options that free adult webcams swear by, and the reasons why these adult products are so great.

  9. Coryna says

    muy sensual extrovetida extensive chat with her, y con ganas de complacerte

Leave A Reply

Your email address will not be published.