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

Happy holidays from all of us at Previse! 🎄 As 2024 draws to a close, we want to thank our clients, partners and team for the great work we have done this year transforming B2B payments. Here’s to an exciting new year filled with innovation and progress! 🎉

For enterprises, fragmented data can cause a lot of issues. Disjointed financial processes, time-consuming manual tasks and inconsistent decision-making are just some of the symptoms of this problem. Previse helps combat these issues, through three main pillars: 🚄 Streamline Operations - Automate manual processes and integrate data seamlessly across systems to optimize workflows and improve productivity ⚖️ Enhanced Decision-Making - Leverage harmonized data and AI-driven insights for more informed, data-backed decisions, empowering faster responses to business challenges ⏱️ Driving Efficiency - Maximize resources and minimize operational bottlenecks by automating repetitive tasks, reducing errors and improving data accuracy To learn more, or schedule a demo, visit our website: https://lnkd.in/dSVXRkSE #b2bpayments #enterprise #fintech #innovation #technology

While the death of the paper check in B2B transactions may still be some time away, the shift to digitized solutions is becoming more present. A recent study between Visa and PYMNTS found that virtual cards are being used more often, finding a strong place as a working capital solution. The use of virtual cards has been touted as saving some middle-market firms $11 million. Our CEO, Paul Christensen spoke with PYMNTS and pointed out that whilst these perks are popular, leading to 80% of buyers preferring virtual cards, they make up only 2% of AP transactions, demonstrating the huge potential market they are beginning to tap into. To read more about how virtual cards are making gains in B2B payments, visit: https://lnkd.in/enUJjMiS #b2bpayments #accountspayable #virtualcards #technology #innovation #fintech

“As companies begin to navigate the complexities of the modern financial environment, embracing AP automation will be crucial for achieving operational excellence and driving sustainable growth.” In an article for ITWeb, Justin Ashworth shares how AP automation is transforming financial processes. By automating their full payment workflows, Justin discusses how firms can reduce costs, errors and manual tasks, improving efficiency, cash flow management and compliance. Previse’s SmartPay does all this and more. By leveraging AI and smart data, SmartPay helps to develop high levels of AP efficiency, migrating spend to electronic payment options, streamlining approval processes and harmonizing payment schedules. To book a demo, visit our website: https://previse.co/en-gb/ Read more about how automation is transforming AP operations: https://lnkd.in/daesq6hc #accountspayable #B2Bpayments #technology #fintech #smartdata #AI #innovation #automation

New research has revealed that the supply chain finance market is set to more than double over the next decade. A report by Research and Markets found that the global supply chain finance market is set to reach a value of $26.3 billion by 2033, up from $11.5 billion in 2023. This follows blistering growth in the five years prior, rising from around $6.8 billion in 2018. Going forward, this expansion is expected to be driven by a few major factors including the expansion of fintech solutions. Previse is helping to power this growth, by delivering innovative solutions to ensure supply chains maintain stability. Previse’s SmartPay helps suppliers to get paid on time, whilst allowing buyers to track their suppliers’ financial health, building strong and trustful relationships. To find out more, or book a demo, visit: https://previse.co/en-gb/ Read the full report here: https://lnkd.in/ewChrrKF #fintech #payments #supplychain #technology #innovation

When it comes to critical goods and services, businesses tend to stick to what they know and rely on key suppliers they have worked with in the past. However, this becomes an issue if a supplier experiences financial distress, which can majorly disrupt operations. Suppliers may not readily share sensitive information about their position and many companies rely on manual assessments and offline reports to evaluate suppliers. This makes it difficult to track changes in financial health in real-time, potentially playing havoc with their operations. At Previse, we offer supplier financial health assessments, giving you real-time insights into the fiscal health of critical suppliers to mitigate the disruptive impacts of supplier failure. To learn more about how we conduct this and to book a demo, visit: https://lnkd.in/eGccfcY8 #ERP #invoice #suppliers #financialhealth #B2Bpayments #fintech #automation

When it comes to critical goods and services, businesses tend to stick to what they know and rely on key suppliers they have worked with in the past. However, this becomes an issue if a supplier experiences financial distress, which can majorly disrupt operations. Suppliers may not readily share sensitive information about their position and many companies rely on manual assessments and offline reports to evaluate suppliers. This makes it difficult to track changes in financial health in real-time, potentially playing havoc with their operations. At Previse, we offer supplier financial health assessments, giving you real-time insights into the fiscal health of critical suppliers to mitigate the disruptive impacts of supplier failure. To learn more about how we conduct this and to book a demo, visit: https://lnkd.in/eGccfcY8 #ERP #invoice #suppliers #financialhealth #B2Bpayments #fintech #automation

Mid-market CFOs have a tough job. They must strike a perfect balance by pursuing growth opportunities all whilst ensuring the company’s stability. This involves managing risk, maintaining operational efficiency and making strategic investments, all while navigating economic uncertainties. Inaccurate or inconsistent data makes it difficult to model different scenarios, leaving them open to unforeseen risk. By adopting a unified approach, CFOs can confidently support both stability and growth objectives through reliable decision-making and real-time insights. Previse’s SmartData solutions eliminate the inefficiencies caused by inconsistent data by consolidating and automating financial transactions across ERP, S2P and CRM systems. Transform your data into decisions, and schedule a demo to experience how Previse can unlock your company’s potential: https://previse.co/en-gb/ #automation #CFOs #B2Bpayments #innovation #technology #AI #smartdata #fintech

Writing for Euromoney, Paul Golden, interviewed multiple payments industry leaders to get their take on how technology is redefining B2B payments. A common theme throughout the article is that the digitization of B2B payments is creating a more streamlined and secure experience, increasing trust between both buyer and supplier. Previse’s SmartData solutions ensure both of these and more, with our bank-grade security connecting you with your financial data without sacrificing control. Trusted by leading organizations, Previse empowers global CFOs to embrace digital transformation, streamline their operations and build the next generation of financial solutions. Schedule a demo today to find out how we can help you: https://previse.co/en-gb/ Read more about how technology is transforming B2B payments here: https://lnkd.in/eS-atNKt #B2Bpayments #Euromoney #fintech #automation #technology #AI #smartdata #CFOs