News

One of PIDX’s longstanding members, Amalto Technologies has recently been acquired by Sidetrade. Amalto, an industry leader in B2B integrations for field ticket approval, invoice automation and order automation, is now part of a complete AI-driven, Order-to-Cash platform with expected customer growth to continue in Oil and Gas and beyond. Sidetrade has dominated the European market with their impressive 21 year ‘data lake’, containing over 482 million B2B customer payment experiences totaling over $2.4 trillion which power recommendations made by its self-learning artificial intelligence technology ‘Aimie.’ This makes their credit and collections solution one that is unmatched in the market. Amalto’s e-Business Cloud solutions will become part of the Sidetrade Platform and will be rebranded as Augmented Invoice and Augmented Order.

Sidetrade’s relationship with the PIDX organization will continue as we work with the shared objective of moving the industry forward through digital transformation, process improvement, and overall efficiency gains, representing both the buyer and supplier side of the market. Amalto’s 16 years of experience in the North American Oil and Gas market, combined with Sidetrade’s 21 years of data and experience in the Global Marketplace (with clients in over 85 countries, spanning 10 industries), will bring significant benefit in serving our current client base, and new clients. DSO reduction continues to be a strong focus in the service and supply industry and now with a growing need for continuous real-time measurement on customer financial health, Sidetrade allows the entire order to cash process to be transparent and efficient. Sidetrade plans to continue working with the PIDX Organization and further progress the industry in the entire Order to Cash space.