Previse was named Digital Service Company of the Year at Computing’s Digital Technology Leaders Awards 2018, held on Wednesday evening (4 July) at the London Marriott Hotel.
The Computing Digital Technology Leaders Awards recognise the achievements of innovative individuals and companies who are delivering market-leading technology and providing an exceptional digital experience for customers.
Previse was selected as Digital Service Company of the Year in recognition of its talent and capabilities in providing its services to end user organisations. Previse’s entry focused on its unique technology which enables large buying companies to have even their smallest suppliers paid instantly.
Previse’s scalable artificial intelligence technology flips the standard model of supply chain finance on its head by shifting the risk assessment away from the supplier’s credit standing to focus instead on the quality of the claim against the buyer.
The expert judging panel was made up of C-suite executives from companies such as Aviva, Starling Bank and Worldline UK and Ireland.
“Every year, 50,000 SMEs in the UK are forced to close due to cashflow issues caused directly by slow payments. We are transforming B2B trade so that suppliers of all sizes get paid instantly, unlocking $300 billion globally which can then be invested in boosting productivity and growing the world economy.”
Said Zartasha Chaudhry, Previse’s Head of Business Development, on collecting the award.
“We are very pleased to be recognised for the innovative approach we are taking to address this global issue. I’d like to thank our team as without them, this award would not have been possible.” She added.