Sidetrade (EURONEXT: ALBFR.PA), predictive-based software company specialized in the performance of the Sales-to-Cash cycle, has announced today that Euronext selected them to be included in the EnterNext© PEA-PME 150 index.
The EnterNext PEA-PME index includes 150 French companies listed on Euronext and Alternext markets in Paris and also representing 80% of the most liquid assets eligible for PEA-PME. These assets are classified in order of free float market capitalization. Each asset can be capitalized to a maximum of 2.5% and there is a 20% limit per sector. The index is reviewed once a year and the weighing once every quarter.
Being part of this index means that Sidetrade will increase their visibility in the market investment.
Olivier Novasque, CEO of Sidetrade, says:
"We are delighted to join the EnterNext PEA-PME 150 index boosting the liquidity for our shareholders and further increasing our visibility. This is a milestone in our stock market performance right when we are launching Sidetrade Payment Intelligence, the first predictive score for customer payment behaviour to be used by European companies."
On 8 November 2016, Sidetrade will launch the first predictive payment score of customer payment behaviour, called SPi (Sidetrade Payment Intelligence). SPi uses Artificial Intelligence technologies and is based on Predictive Analytics of agreed payment terms and late payments. For the first time, companies will have direct access to a source of comparison between customers' actual average days to pay and their predicted payment behaviour towards other suppliers. They will be able to take an objective view of their performance in terms of both commercial negotiations on payment terms and their ability to deal with payment delays incurred. This major innovation will help to strengthen collaboration between Finance and Sales teams through an approach based on data analysis rather than intuition.
