Offer your suppliers immediate payments.
Pay whenever is best for you.
Socially responsible
Do the right thing for suppliers large and small, enable access to predictable cash flow from a trusted provider.
Payment flexibility
With instant payments, you can offer great terms and pay when it’s right for you with no need for a promise to pay
Lower costs
Faster payments mean fewer incoming AP calls, leading to lower operational costs.
Suppliers send invoices
Invoices are sent by suppliers just as they are today.
Immediate payments
When you receive the invoice, payment is made by Previse (less a small fee), pre-approval.
You process as normal
Buyers continue their settlement process and pay Previse when ready, less any adjustments, at Previse’s risk.
Get started today
InstantPay is already offered by some of the world’s most innovative companies. Sign up to offer InstantPay to your supply chain.
5 things the incoming Small Business Commissioner should consider in the fight against slow payments
Originally posted in FinExtra Liz Barclay’s appointment as Small Business Commissioner was the latest development that reflected the UK’s longstanding and worsening slow payments…
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.