Previse’s Post

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

Writing for PaymentsJournal, Tom Nawrocki shares the myriad of benefits for businesses that commit to an automated payments process. Automation of payment processes allows accounts receivable and accounts payable functions to grow, helping companies maintain tighter control of their capital and avoiding cash flow squeezes. Previse’s SmartPay uses smart data and AI to automate the payment process to help track unnecessary spending and flag potential breakdowns and challenges in processes: https://previse.co/en-gb/ Read more about the benefits of automating payment processes here: https://lnkd.in/e7ECw5tY #payments #automation #tech #innovation #cashlow #b2bpayments #fintech #technology #smartdata #AI

The traditional B2B payment process, often characterised by mechanisms like paper checks and manual invoicing, is fraught with inefficiencies, causing a drain on staff and capital and ultimately meaning suppliers are paid later. A recent PYMNTS Intelligence report found that 76% of firms believe that buyers are more likely to pay on time when they pay electronically. To stay ahead of the curve - and maintain good buyer-supplier relationships - firms must embrace a culture of continuous improvement and adaptation. Previse’s SmartPay leverages smart data and AI to ensure suppliers get paid as early as day one: https://previse.co/ Read more about B2B payments innovation: https://bit.ly/4bLiH2i #B2Bpayments #innovation #digitsation #digitalisation #technology #AI #data

For business owners, deferred invoice payments can be a huge threat to their livelihood and sometimes spell the difference between continued operation and insolvency. In an article for CPA Practice Advisor, Petr Marek laid out the hidden costs of late invoice payments and how business owners have become discontent with the prevalence of delayed payments. Previse’s SmartPay solution leverages machine learning technology and smart data to ensure businesses get paid as early as day one: https://previse.co/en-gb/ Read more about the hidden costs of late payments: https://bit.ly/4cYfJIN #invoicepayments #invoice #technology #data #AI #machinelearning #fintech

As Sergiy Fitsak points out in his Finextra blog, FedNow’s journey from conception to its current state reflects a significant advancement in bringing the US payments system up to speed. However, as he explains, the exploration into B2B payments remains a significant opportunity, promising to offer businesses unprecedented control over their financial operations. This presents an opportune moment for fintechs to capitalize on the transformative future of B2B payments. Previse is one of these fintechs leading the way in revolutionizing B2B payments. Previse’s SmartPay leverages data and technology to remove friction from B2B payments and ensure suppliers get paid as early as day one: https://previse.co/en-gb/ Read more about how FedNow is helping bring about a change in US payments: https://lnkd.in/ewxqPaZN #FedNow #B2Bpayments #AI #technology #workingcapital

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

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

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

Revolutionize your payment processing with FinGeniusAI! 💡💳 Our AI-powered platform’s intelligent payment routing optimizes transactions, reducing costs and boosting acceptance rates. Say goodbye to complex rule-based systems and embrace smart routing. 🏦 Banks & Credit Unions: Streamline operations and reduce errors.  🛒 Merchants: Increase conversions and minimize cart abandonment. FinGeniusAI learns from multiple parameters to suggest the most efficient routes for various payment methods. The result? Simplified processes, lower maintenance costs, and happier customers. Ready to upgrade your payment engine? Let FinGeniusAI be your financial wizard! 🧙♂️✨ Learn more👉: https://lnkd.in/gfbQM7xp #FinTech #AIPayments #PaymentOptimization #MachineLearning #BankingTech #ECommerce #PaymentProcessing #FinancialInnovation #SmartRouting #TransactionSuccess #RetailTech #PaymentSolutions #AIInFinance #CustomerSatisfaction #RevenueBoosting 

Building better B2B relationships starts with better payments data. #Elavon and #FreedomPay have joined forces to provide all the live payment data you will need, emphasizing the importance of leveraging payment data for insights into spending patterns and commercial relationships. Data analytics shows payment processing data provides a lens for scrutinizing transactional data in real time, enabling companies to identify trends, forecast payment volumes, and detect fraudulent transactions with precision. This transformation in payment handling enhances operational efficiency and supplier relationships. Companies excelling in leveraging data analytics for B2B payments integrate analytics into their processes, invest in predictive analytics and AI for trend forecasting, and foster a culture valuing data-driven decision-making. These practices lead to improved operational efficiency and superior financial performance. The emphasis on efficiency, accuracy, and strategic decision-making in the B2B landscape underscores the pivotal role that data analytics plays in driving operational efficiencies and strategic decisions. #B2B #DataAnalytics #PaymentProcessing #innovation #technology #elavoneurope #freedompay