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
Buyers and suppliers need to relearn how to effectively transact and grow their business given all the new B2B payment options available.
The top theme shaping the B2B landscape that PYMNTS tracked this week was around the growing impact of AI on B2B workflows.
Previse CEO Paul Christensen says the right tools to demonstrate the value of virtual cards can help increase supplier acceptance.