Previse’s Post

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

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

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

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

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

For most businesses having a payment orchestrator - helping them manage & sort out collection traffic is an expensive deal. Sometimes its the product cost or majorly integration efforts. But can only Iron Man possess a Jarvis? Why can't we all? This was definitely an insightful read by Manish Aswani! flowWise by Cashfree Payments - your own Jarvis 😎 Yogesh Miglani Vijay Ravisekar Rahul Roy Akash S. Reeju Datta Harsh Gupta Aditi Olemann Jay Rajani #Fintech #Payments #PaymentOrchestration

In case you were not at Electronic Transactions Association Transact this year, you can walk the floor. Great show again this year. 🔁 Embedded Commerce/Finance is still a key topic covered by 16% of the sessions 🤖 AI is about getting real...what will it really accomplish in payments (11% of the sessions) 💳 Virtual cards and B2B Transactions only had one session each, but the focus is clear on increasing B2B volume on card rails. 🔌 ISV had its own village...well done to bring focus on key up and coming players 🏦 There was also an undertone of pressure on the Payfac model in this higher interest rate market...time will tell how this model will do #ETATransact

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