News Article

Credit Insurance

Euler Hermes Sidetrade partnership award

By CreditMan Thursday, September 5, 2013

On August 29 at the Medef Summer University, Euler Hermes and Sidetrade were awarded the “Software” prize by IE Club for the launch of their EH Intelligence by Sidetrade application.

​The IE Club’s awards for the Observatory of Large Company / Innovative Small- and Medium-Sized Business Relations spotlight the most value-enhancing partnerships between large companies and small/medium-sized businesses and their ecosystems.

“With EH Intelligence by Sidetrade, we offer a groundbreaking technology solution that addresses the new challenges faced by finance departments,” noted Gregory Louard, commercial systems manager at Euler Hermes France and a representative of the award-winning tandem. “In addition to creating new sales opportunities, this partnership enables us to benefit from the agility of a small software developer highly regarded for its innovation.”

“Today, steering the risk and spreading risk culture internally are one of the priorities for companies. Starting with a blank page, we succeeded, together with the worldwide leader in credit insurance Euler Hermes, in building an unprecedented and expected solution, explains Axelle de Fay, head of Customer Success at Sidetrade. This trophy not only rewards the satisfactory implementation of a technological project by jointly a big company and a SME, but also a shared commercial vision.”

In May, Euler Hermes and Sidetrade launched EH Intelligence by Sidetrade, a dedicated application designed to automate credit insurance policy management for small and medium-sized businesses as well as large corporates. It enables companies to grow their business activity with existing and new customers while proactively monitoring credit risk. The application helps to optimize receivables and credit management while offering “smart” features to facilitate the daily tasks and actions of the chief financial officer and credit management teams (credit manager, collection, sales administration, etc.).