Interpath, the international financial advisory firm with an office in Bermuda, has entered into an alliance with Sidetrade, the artificial intelligence-powered, order-to-cash applications company.

Order-to-cash refers to the set of business processes that involve the receipt and fulfilment of a customer request for goods or services.

Sidetrade said the alliance has been designed to accelerate digital transformation efforts, empowering businesses to harness AI from the company’s dedicated order-to-cash data lake and adapt more effectively to the demands of a rapidly changing economy.

Interpath supports clients with advisory and restructuring services and has operations in Bermuda, Britain, France, Ireland, Germany, Austria, the Cayman Islands, the British Virgin Islands and Algeria.

The company said the alliance with Sidetrade will support the firm’s continued growth and further enhance its ability to create, defend, preserve, sustain and grow value for its clients through working capital optimisation.

In turn, Sidetrade will be able to draw on Interpath’s advisory capabilities across a wide range of markets and channels to help more leadership teams transform their order-to-cash operations.

Hope Rosenbaum, chief growth officer, head of alliances, at Interpath, said: “Sidetrade offers a world-class order-to-cash solution that leverages AI and cloud technology to make a transformational impact, complementing the work we do every day to help clients improve their financial performance and create value.

“The alliance couldn’t be timelier as businesses look for ways to make their cashflow work for them and find a more sustainable financial future. We look forward to working with Sidetrade as we leverage the technology and harness the expertise that we both hold to make a real difference for businesses we support across our international networks.”

Kevin Schafer, AVP, Partners Europe, at Sidetrade, added: “We are excited to join forces with Interpath to extend the reach of Aimie, Sidetrade’s AI assistant, to a wider spectrum of organisations.

“By combining Interpath’s industry expertise with our advanced technology, we are creating a powerful synergy to help businesses unlock new efficiencies in optimising working capital and driving sustainable cashflow growth.”

Sidetrade said it provides a software-as-a-service platform designed to revolutionise how cashflow is secured and accelerated.

Leveraging Aimie, Sidetrade said it analyses $6.1 trillion worth of business-to-business payment transactions daily in its cloud, thereby anticipating customer payment behaviour and the attrition risk of more than 38 million buyers worldwide.

The company said Aimie recommends the best operational strategies, dematerialises and intelligently automates order-to-cash processes to enhance productivity, results and working capital across organisations.