PARIS, FRANCE: Sidetrade, the global leader in AI-powered Order-to-Cash solutions, has announced that it has finalized an agreement to acquire the entire business of CreditPoint Software, a leading provider of real time B2B credit risk management solutions.

The deal, which was signed on January 31, 2023, will enable Sidetrade to enhance its solution for B2B credit risk management and to gain a stronger foothold in North America, where CreditPoint Software has an active portfolio of around 30 customers, including multinationals such as Nutrien, BP, Edelman and Caterpillar.

CreditPoint Software, founded in 2006 in Tulsa, Oklahoma, has developed one of the world-leading cloud-based platforms that leverages real time connection and monitoring for over 20 credit rating agencies worldwide. The platform allows companies to combine external and internal data on credit risk exposure and to automate and streamline decision-making, thanks to its unlimited configuration options and decision engine. CreditPoint Software also offers customizable credit application templates and facilitates the initial process for customers to apply for a credit line, whether online or offline.

Sidetrade, which already provides AI-powered solutions for collection, disputes and cash applications, will integrate CreditPoint Software’s technology into its Data Lake of over $4.6 billion worth of B2B transactions. This will enable Sidetrade to shape the future of B2B credit risk management and to offer its customers a comprehensive and innovative Order-to-Cash solution.

Olivier Novasque, CEO of Sidetrade, said: “By acquiring CreditPoint Software, Sidetrade has undoubtedly enhanced its solution for B2B credit risk management and we are in pole position to take advantage of the boom in B2B e-commerce. After placing artificial intelligence at the core of our Collection, Disputes and CashApps solutions, we are now shaping the future of B2B credit risk management together with CreditPoint Software’s teams as we build on the analysis from our Data Lake of over $4.6 billion worth of B2B transactions. Our technological advantage in AI over our competitors will only continue to assert itself and become even more evident. Working in tandem, the talents and technologies of both groups will enable Sidetrade to cement its global leadership position in Order-to-Cash.”

John C. Powers, CEO of CreditPoint Software, commented:

“This deal with Sidetrade is a major step forward in our commitment to providing leading-edge solutions for B2B credit risk management. In today’s uncertain economic environment, companies seek to optimize their cash flow and reduce their credit risk exposure. By joining forces with Sidetrade, we will be able to offer our customers a more comprehensive and innovative solution that leverages the power of artificial intelligence and data analytics. We are excited to be part of Sidetrade’s growth story and to contribute to its vision of becoming the global leader in Order-to-Cash.”

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