Posts by Paul Christensen

More of the same won’t speed up invoice payments
Many of the most progressive businesses are enthusiastic about putting an end to slow supplier payments. However, says Paul Christensen, CEO and co-founder of Previse, the archaic nature of current payment practices mean speeding up existing processes is a futile task. Firms need to completely rethink how their suppliers get…
Why SCF is not the answer to slow payments
Supply chain finance (SCF) is useful in many ways. One thing it is not, however, argues Paul Christensen, CEO and co-founder of Previse, is a solution to slow payment terms for smaller suppliers. Until we recognise this, suppliers and buyers alike will continue to pay the costs. Pressure on invoice…
Trust between suppliers and buyers has never been so important
A few weeks ago, Sears, once America’s most iconic retailer, filed for Chapter 11 bankruptcy. The company, which survived two world wars and the Great Depression, suffered a 50% drop in sales since 2014. Rumours of its poor financial situation began to circulate after it missed payments to suppliers last…
Previse to represent the UK fintech sector at Sibos 2018
We are very pleased to have been selected by the UK Department of International Trade to represent the UK fintech sector at Sibos 2018 which takes place next week. Previse features as part of a 15-strong delegation of UK fintechs which is heading to Australia to develop business opportunities with…
The madness of long payment terms
…… and the shortcomings of supply chain finance. The Carillon bankruptcy, and the painful losses it has wrought on tens of thousands of suppliers, has brought into stark relief both the madness of long payment terms and the shortcomings of supply chain finance (SCF), particularly when used to mask a…
It’s time for B2B invoices to be paid instantly
Previse co-founder and CEO, Paul Christensen, and Business Analyst, Shyamli Badgaiyan, explain why B2B commerce needs its ‘credit card moment’. Paper cheques were once one of the most widely used payment methods for B2C transactions before they were replaced by credit cards. Unlike cheques, credit cards provide merchants with the…
How to conquer the £31.5 billion slow payments debt mountain
Small and medium-sized businesses have been forced to take out £31.5 billion in funding to maintain their cash flow due to slow payments – equivalent to the cost of hiring 640,000 new employees for a year2 – according to new research from Previse3, which creates value from invoice data using machine…
Menu