Press releases and comment

30 days is still 30 days too long for Britain’s suppliers in the wait to be paid

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.

Let’s give small businesses the gift of a better year ahead this Christmas

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 wins major grant from Banking Competition Remedies

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.

Retailers can’t embrace independent suppliers until they tackle payment terms

It’s many entrepreneurs’ dream; that first big contract from a retailer which launches your start-up brand onto the national stage. It should be time to celebrate your success, but for many small firms this is the start of a new financial nightmare. To support these independent suppliers realise their potential, retailers need to become more flexible about their payment terms.

Previse scoops up two awards in two cities on same day

We were thrilled to scoop up two awards in two cities yesterday as we won the ‘Best use of data and analytics in financial services’ award at the FStech Awards 2019 in London and the ‘Best small employer’ award at the Family Friendly Working Scotland (FFWS) Top Employers Awards 2019 in Glasgow.

Previse wins two top fintech awards in one week

Previse has scooped up two top fintech awards in recognition of our best-in-class technology this week. In the first, we were awarded the hotly contested best use of AI in fintech or financial applications category at the Global Annual Achievement Awards for AI and the second came when we were voted best business at Finastra Universe.

Previse appointed to FinTech Strategy Group

Innovate Finance and City of London Corporationhave appointed Previse co-founder and CEO, Paul Christensento its FinTech Strategy Group (FSG) which aims to drive the success of the world-leading UK fintech sector.

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