DIGITALISATION
46
IN
the modern connected world , consumers demand speed . Cashless payments are hardly a new phenomenon , but as technology continues to redefine the global landscape businesses are having to embrace this change or fall behind . The question then becomes one of : if a consumer can receive instant payments or cash exchanges , why should it be any different for suppliers ? This is where Previse comes into play . Powered by Artificial Intelligence ( AI ), Previse enables corporate buyers to safely ensure they pay all their suppliers instantly – eliminating the need to rely on expensive short-term credit , lowering costs for buyers and giving SMEs the confidence to reinvest in growing their businesses . For Paul Christensen , Co-founder and CEO of Previse , providing an innovative platform that could enable immediate payments for suppliers was something of an opportunity . Having worked in the fintech space for more than 20 years , he has seen first-hand the biggest challenges the market faces as technological innovation continues to accelerate . “ It ’ s such a huge problem and therefore an opportunity ,” he says . “ No one has cracked it yet . So , Previse was built on the idea of being able to tap into that opportunity .”
Previse works with large corporates – which receive millions of invoices on a daily basis due to their vast supplier networks – and uses AI to predict
MAY 2019