Previse

We're delighted to announce that we've closed the first phase of our Series B financing, raising USD 18 million. The financing round, led by Tencent, along with participation from existing investors including Augmentum Fintech and ReefKNoT Investments, will enable the expansion of our data-driven working capital finance solutions, designed for SMEs. Having added a range of new partners, solutions and increased our geographic reach in 2022, we look forward to keeping up the momentum with this additional funding and support. #SCF #WorkingCapital #CashFlow

How important is AI to CFOs? A recent survey conducted by PYMNTS asked this exact question to CFOs at businesses generating more than $1 billion annually - and the results were telling. The research found that only 17% of enterprise firms run their source-to-pay cycle largely free of human involvement, meaning 83% rely on manual processes. Inefficiencies such as this can result in a delayed and complicated payment infrastructure, leading to suppliers having their cash flow seriously hindered. Luckily, 78% of those surveyed said their access to AI technology is very or extremely important, demonstrating a clear pickup in the technology. Previse’s SmartPay leverages AI technology and smart data to make the payment cycle more efficient, getting suppliers paid as early as day one, bolstering cash flow. To find out more, visit: https://previse.co/ To read the full report, visit: https://lnkd.in/e_vrm2Qk #AI #technology #b2bpayments #innovation #machinelearning #data

B2B companies often use a variety of different financial systems and payment methods, which sometimes are not suited to modern technology. This can lead to fragmentation and isolation and businesses can miss out on the crucial opportunity to leverage this technology. Previse’s SmartPay solution is different, allowing full integration with existing payment infrastructures and ensuring suppliers can enjoy the benefits of AI & smart data and get paid as early as day one. Check out SmartPay here: https://previse.co/en-gb To read more about B2B payment system interoperability, visit PYMNTS: https://lnkd.in/epEabr8H #interoperability #AI #data #innovation #technology #b2bpayments

Recent advancements in AI are transforming commerce at an exponential pace. As these innovations are dynamically reshaping the commerce journey, it is crucial for leaders to anticipate and future-proof their enterprises to embrace the new standard.  In a recent blog post, IBM detailed the top four use cases for AI in commerce, exploring a myriad of examples including how AI can be used to improve supply chain resilience and promote intelligent and efficient payments. Previse’s innovative SmartPay solution leverages AI technology to remove friction from B2B payments and ensure suppliers get paid as early as day one: https://previse.co/en-gb/ Read the full blog here: https://lnkd.in/eWHrZ9Fp #AI #technology #innovation #B2Bpayments #fintech #machinelearning

As businesses face delayed payments and cash flow challenges, adopting commercial cards and automated accounts receivable (AR) solutions can provide much-needed relief. By staying informed about technological advancements and choosing the right partners, companies can enhance their financial stability and operational efficiency by empowering their own AR teams. At Previse, our solutions combine smart data with automation technology to get suppliers paid as early as day one, giving suppliers greater working capital and allowing them to remain agile and navigate this uncertain climate. Learn more about Previse’s solutions here: https://previse.co/en-gb/ Read more about how commercial cards and automation are transforming AR in PYMNTS: https://lnkd.in/ejcR7QxN #AI #technology #virtualcards #accountsreceivable #innovation #machinelearning #automation

“Thousands of buyers have said that they love virtual cards and yet very few suppliers are willing to accept them despite the fact that they are really good products. It’s obvious to see where the system is failing. It’s supplier acceptance.”   In an interview with PYMNTS’ Karen Webster, our CEO Paul Christensen explains why, despite the efficiency, transparency and certainty benefits virtual cards offer, uptake has been slow due to issuers, acquirers and networks not yet having the tools to improve the value proposition of virtual cards.   Paul explains how the issuers, acquirers and networks can leverage machine learning to get granular insights into the suppliers and buyers to create bespoke offers which are attractive enough for the suppliers to accept virtual cards.   Check out the full conversation below.   #B2Bpayments #technology #innovation #data #AI #virtualcards #commercialcards

Whilst no business would intentionally restrict cash flow, limit working capital or jeopardize long-term profitability, even well-established companies may inadvertently be ignoring best practice when it comes to B2B payments. In a recent article for Forbes, Dean Kaplan, President of The Kaplan Group shared seven mistakes that lead to late payments from B2B clients. His list includes: 🔹Neglecting credit checks 🔹Limited Payment options 🔹Not incentivizing timely payments Previse’s SmartPay leverages data and technology to get business paid as early as day one, freeing up working capital and promoting long-term profitability: https://previse.co/en-gb/ Read Dean’s complete list here: https://lnkd.in/eEMpkUZX #B2Bpayments #AI #data #machinelearning #innovation

New from Previse - SmartPay Accept and SmartPay Plan unleash the power of smart data to drive #virtualcard adoption and maximize program value. These advanced solutions leverage AI-driven analytics for strategic enablement, spend insights, and optimized supplier negotiations. Check out the announcement >>> https://lnkd.in/ecn-b5yq #fintech #payments #B2B #automation

Congratulations to American Express and Emburse on their recent integration to offer American Express business customers virtual card issuance, card reconciliation and expense management: https://lnkd.in/eAe_CKk9 More businesses are exploring the potential of commercial cards in their payments lineup. The benefits to suppliers driving the adoption of commercial cards include: 📈Reduced processing costs and fees 💳Real-time expense visibility and seamless system integration 🌎Less friction in cross-border B2B payments Learn about Previse’s virtual card solution, Smart Pay at: https://lnkd.in/g4af6afX #virtualcards #data #technology #innovation #fintech #AI #machinelearning

After suffering through decades of difficulties and delays when transacting with each other, businesses on both sides of the B2B relationship are ready for a better approach to payments. Speaking with PYMNTS, our CEO Paul Christensen discussed the outdated B2B payments system, saying, “It is 2024 and we are still licking stamps and putting checks in the mail - that’s mad.” Previse’s innovative product SmartPay leverages data and machine learning technology to allow businesses to get paid as early as day one, without having to lick a stamp: https://previse.co/en-gb/ Read Paul’s full thoughts and more about how the B2B payments space is transforming here: https://lnkd.in/dH3-d59g #B2Bpayments #fintech #data #technology #innovation #AI #machinelearning