Side Trading has added generative artificial intelligence (GenAI) capabilities to its AI-powered order-to-cash (O2C) application.
The first of these features is an AI agent called “Ask Aimie,” the company said in an announcement on Monday (June 10). press release.
“Our goal is to change the order-to-cash game forever,” Sidetrade's CEO said. Olivier Novasque The release states: “Generative AI and the world's only real time With the O2C Data Lake, we are re-establishing industry benchmarks and raising the bar to unprecedented levels.”
According to the release, Ask Aimie provides users with concise summaries of lengthy emails they receive and offers four different templates to help them craft appropriate responses.
According to the release, Sidetrade will combine GenAI with the existing AI capabilities of its O2C platform to analyze and understand natural language queries, generate appropriate answers and enable users to predict future payment behavior.
because Side Trading Has developed Own With a generative architecture using large-scale language models (LLMs) of domain experts, rather than using popular third-party LLMs, GenAI tools deliver accurate and relevant insights. and According to the release, it is customized for the O2C industry.
In addition, the company's infrastructure, LLM and According to the release, the data will be kept in a private cloud to ensure the privacy and security of customer data.
“Our mission is to empower financial professionals in their daily lives not only through intelligent automation but also by providing the highest level of intelligence in cash conversion performance across the entire order-to-cash process,” Novaske said in the release.
PYMNTS Intelligence Gen AI Report higher return on investment (ROI) for more applications in a strategic manner.
Fifty percent of companies using five or more GenAI applications reported a very good ROI, while only 6.3% of companies using fewer than five applications said they experienced a very good ROI.How to Maximize the Impact and ROI of GenAI Deployment. “
Another recent development in this area is B2B From order to payment Digital Payment Providers Bill Trust In May, the company announced the addition of new AI tools within its accounts receivable (AR) software platform.
Billtrust's new AI tool aims to provide finance professionals with business insights, enabling them to make strategic decisions and engage with customers more effectively.
