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.
"Large buyers can now use innovative, machine-learning based solutions to ensure that their suppliers, especially the smallest ones in the long tail, have the option of being paid instantly upon receipt of invoice" writes Daniel Windaus, Partner at @PwC_UK https://t.co/UqIwwWz77X
Chatsworth Communications
previse@chatsworthcommunications.com
