Algorithm-driven invoice payment decisions
Previse has pioneered algorithm-driven invoice payment decisions. We use machine learning to predict the likelihood that a multinational will ultimately pay a supplier's invoice, which enables instant payment. Previse reduces transaction costs for buyers, improves working capital for suppliers, and creates an attractive new asset class for funders. This is "Trade Finance 2.0", driven by data, and driving growth for companies large and small
B2B innovation continues to grow, including the advent of the artificial intelligence accountant and the increasing use of virtual cards.
Virtual cards are reaching a tipping point as both B2B buyers and suppliers turn to them, a PYMNTS panel of executives said.