Data-driven supply chain finance
Previse powers the next generation SCF, enabled by data and technology
Previse powers the next generation SCF, enabled by data and technology
In most cases, Corporates that are willing and able to issue the buyer approvals (IPUs) required to support SCF functionality already have live programs. For the rest, SCF needs extensive process change, limiting the value added to just the most significant suppliers.
In contrast, Previse can provide frictionless, immediate financing. There is no need to wait for buyer approval/IPU and no buyer process change. We have the technology that can support the entire supplier base.
Paying on day 1, without buyer approval improves the number of days funded and the revenue generated
Traditional SCF requires acceptance at scale and operational effort to deliver. It is therefore it is not cost-effective to reach the full supplier base.
The new disclosure requirements will force companies using SCF programs to reveal their size and scope
As the economy recovers from Covid businesses will be faced with finding capital to invest in growth. Corporates recognise their suppliers as a key part of the community they need to support.