To send an invoice to a corporate customer and get paid the next day is like nirvana
Alex Walker, Founder, Sells to FTSE 100 corporates
Why wait? Get invoices paid today
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Our algorithms analyse the data from the invoices that sellers send to their large corporate customers.
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InstantPay gives sellers cash, confidence and clarity, by getting invoices paid on day 1. Leaving them free to invest in their futures.
Large corporate buyers save huge sums, whilst strengthening partnerships with happier, sustainable suppliers.
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On Monday, the government announced it was strengthening the Prompt Payment Code (PPC), mandating that its signatories must pay suppliers within 30 days, rather than the previous 60.
While this is a welcome step in the right direction, there is still a long way to go in addressing the chronic issue of slow payments. A 30-day payment period is still 30 days too long for many small businesses struggling to stay afloat.
Paul Christensen, CEO of Previse reflects on a tough 2020 and looks ahead to 2021.
2020 has been a hard year for British businesses, from the UK’s smallest suppliers to its most powerful retailers, none have been infallible to the impact of Coronavirus.
Arcadia’s collapse into administration highlights just how precarious the UK’s market is. The demise of Philip Green’s retail empire, and the fire sale of Debenhams, demonstrates that now is not the time to carry on business as usual – it is the time for renewal.
Previse has been awarded a £2.5m grant by the Banking Competition Remedies’ Capability and Innovation Fund.
The money, which will be used to fund further development of Previse’s industry leading instant payments solution, was won after a competitive application process that saw £20m dispersed to 6 companies, as part of the BCR’s mission to facilitate the commercialisation of financial technology relevant to SMEs.
The economic fallout from coronavirus is intensifying the ongoing problem of late payments. Previse is proud to be approved for accreditation by the British Business Bank under the Coronavirus Business Interruption Loan Scheme (CBILS). CBILS loans will be available through our InstantFlow Cash Account solution, enabling SMEs instant access to the money they’re owed by their customers.
