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.
arrives.
their invoice
as soon as
suppliers’ cash,
delivering
instantly
paid,
suppliers
gets
previse
instantly
paid,
suppliers
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previse
Small businesses are the backbone of the economy, yet, 50% of the total value of invoices are held up in late payments.
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.
intelligent
inclusive
instant
independent
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"I hope that by publicly revealing the persistent poor payment behaviour of big businesses we will start to tackle the imbalance of power and bring about the cultural change that is desperately needed." @SB_Commissioner in @Real_Business https://t.co/dWySEQxFws
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