Previse gets suppliers paid, instantly. Our smart tech analyses the data of a large company to predict the very few invoices that are unlikely to get paid, so that the rest can be paid instantly. The 1 per cent fee paid by suppliers who opt for instant payment is shared between the buyer, the funder and Previse.
Previse uses Artificial Intelligence to enable corporate buyers to safely ensure they pay all their suppliers instantly.
Paying all suppliers instantly eliminates their need to rely on expensive short term credit, lowering costs for buyers and giving SMEs the confidence to reinvest in growing their businesses, boosting the economy.
Suppliers simply click to agree to instant payments.
Previse then uses hundreds of millions of data points and sophisticated Artificial Intelligence algorithms to provide a score of a corporate buyer’s likelihood to pay the invoice. This allows funders to instantly release funds to the supplier to meet the invoice.
Previse sits alongside funders’ existing payment technology. Its frictionless adoption requires no changes to either buyers’ or funders’ existing payment infrastructure or on-boarding of new processes or technologies.
Despite falling business failures in the #US, payments 91+ days past their due date have increased in 2018. The technology exists to pay all suppliers, no matter their size, on day one. Lets set a new standard for supplier payments in 2019 with #InstantPay https://t.co/CK1pqT0PX1
Chatsworth Communications
Tel: +44 (0)20 7440 9780
previse@chatsworthcommunications.com
