A.I. supplier prepayment
InstantPay technology from Previse smoothly and efficiently unlocks capital in the supply chain, especially for SMEs, without impacting your working capital
Together we can offer your suppliers prepayments in a way that works for them and you. InstantPay’s next-generation technology brings financial and social benefits to all.
Free from approvals
InstantPay uses its own algorithms to decide whether or not an invoice should be prepaid, and we handle the resulting dilution risk.
This ends the delays embedded in approval processes and avoids the process change needed to provide an Irrevocable Payment Undertaking (IPU). Your suppliers don’t have to chase you because they’ve already been paid. You keep the same operational model instead of having to adapt it for different payment methods.
Your working capital is untouched
InstantPay has an ecosystem of third-party funders to make the prepayments.
If you are a financial institution, you can use your funding sources for an InstantPay programme. However, most large corporations prefer us to provide independent funding, which means there is no further debt or impact on your working capital.
Your business benefits
InstantPay programmes strengthen your supply chain by reducing the working capital stress on your suppliers. They can also generate revenue and will improve your Prompt Payment performance.
The legal structures we use mean each prepayment counts as a day one settlement for Prompt Payment reporting. It’s then your choice if you wish to earn a rebate for providing your data, earn yield by using your capital, or deploy InstantPay as a cost and performance improvement initiative.
Maximising adoption
We have tools for approaching suppliers of all sizes.
Our freemium and trial models can achieve over 50% adoption amongst companies that make up your tail and mid-market spend.
We also enable suppliers to choose between Auto-payment of everything or a “Prepay me” button that allows them to pick and choose which invoices and when (giving them more control over their costs).
Together, we build stronger relationships
Your customers or suppliers get access to working capital solutions that range from “prepay me” for a single invoice, to full auto-payment of their invoices.
Flexible, accessible and secure
We work with you to match what’s best for your business and your suppliers’ needs, supplying
- A.I. prepayment approvals,
- Data-driven risk modelling,
- ISO certified security,
- Third-party funding
enabling you to provide finance safely.
The backbone of B2B finance
When you team up with Previse you get more than just a set of features. We work with you to enhance the whole customer experience.
5 years
operations
$157bn
total spend processed
37m
invoices and adjustments processed
100,000
transactions every day
10,000+
suppliers
Ready to get started?
Buyer of choice
Offer early payment options for all suppliers, all the time and improve your PPR metrics and reputation
Flexible working capital
Optimise your use of working capital to re-invest in the business and avoid settling invoices early whilst aligning terms across suppliers (if you wish).
Operational savings and simplicity
Reduce 80% of supplier enquiries and identify duplicate or problematic invoices.
