80% of companies are investing in AI to improve cash flow despite budget cuts

"Cash Maturity 2024" Study by Sidetrade and PwC France and Maghreb, reveals that the integration of smart automation, generative AI, and internal upskilling are driving efficiency gains, while companies shift from outsourcing to cultivating in-house talent with essential tech and leadership skills. In collaboration with consulting and audit firm PwC France and Maghreb,Sidetrade ,the global leader in AI-powered Order-to-Cash applications, reveals a significant shift in...

Boulogne Billancourt, 17/12/2024 (informazione.news - comunicati stampa - information technology)

"Cash Maturity 2024" Study by Sidetrade and PwC France and Maghreb, reveals that the integration of smart automation, generative AI, and internal upskilling are driving efficiency gains, while companies shift from outsourcing to cultivating in-house talent with essential tech and leadership skills.

In collaboration with consulting and audit firm  PwC France and Maghreb, Sidetrade , the global leader in AI-powered Order-to-Cash applications, reveals a significant shift in investment and renewed boldness within the finance function, driven by a sharpened emphasis in 2024 on cash flow generation and EBITDA preservation amid a challenging economic landscape.

"Cash Maturity 2024" by Sidetrade and PwC provides a perspective on finance transformation trends across Europe, revealing how companies are rethinking Order-to-Cash strategies amid significant interest rates and tighter credit conditions. Now in its second year, the report shows businesses adopting generative AI and cultivating in-house talent to build finance functions that drive measurable value. 

The study serves as a guide for finance leaders to assess their cash maturity and take proactive steps to optimize their finance functions. As finance departments continue to evolve into dynamic, value-generating units, the road to success lies in embracing change, setting clear priorities, and making bold, informed choices in the face of economic uncertainty. 

The complete Cash Maturity 2024 study . 

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Methodology

"Cash Maturity 2024" was co-authored by PwC and Sidetrade between Q2 - Q3 FY24.  

The research encompassed responses from a sample of 180 companies across a range of industries and represented a diverse spectrum of functions, including CEO, CFO and Financial Manager. 

To ensure the robustness of our findings, it intentionally designed the survey sample to be highly heterogeneous, encompassing companies of varying sizes, from Small and Medium-sized Enterprises (SMEs) to large corporations, and spanning across a multitude of industry sectors. 

This methodological approach was undertaken to provide a comprehensive and representative analysis of the finance transformation landscape, offering insights that cater to a wide range of organizations. 

PwC France and North Africa contact
Priscille Holler              00 33 07 87 93 40 38                 priscille.holler@pwc.com
About PwC France and Maghreb
In France and the Maghreb, PwC provides consulting and audit services, as well as tax and legal expertise, with the strategic ambition of being the benchmark in trust and business transformation industry-wide. More than 6,750 people work in PwC's entities in France and the Maghreb, sharing their expertise across an international network of more than 364,000 people in 151 countries. For more information, visit www.pwc.fr.
Sidetrade contact
Becca Parlby                  00 44 7824 5055 84           bparlby@sidetrade.com
About Sidetrade
Sidetrade (Euronext Growth: ALBFR.PA) provides a SaaS platform dedicated to securing and accelerating cash flow. Sidetrade's next-generation AI, nicknamed Aimie, analyzes $6.1 trillion worth of B2B payment transactions daily in the Sidetrade Cloud to predict customer payment behavior and the attrition risk of more than 38 million buyers worldwide. Aimie recommends the best operational strategies, intelligently automates actions on the entire Order-to-Cash process, and dematerializes customer transactions to enhance productivity, performance, and working capital improvements.
Sidetrade has a global reach, with 315+ talented employees based in Paris, London, Birmingham, Dublin, Houston, and Calgary, serving global businesses in more than 85 countries. Amongst them: Bidcorp, Biffa, Bunzl, Engie, Expedia, Inmarsat, KPMG, Lafarge, Manpower, Opentext, Page, Randstad, Saint-Gobain, Securitas, Sodexo, Tech Data, UGI, Veolia.
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 @Aimie on LinkedIn.
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.

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