Previse has partnered with Pagero to offer early payment capabilities to its customers, giving suppliers on the Pagero network the option of a ‘pay me now’ button as soon as they generate an invoice, according to a company release.
Previse is described as an AI Fintech that gets suppliers paid instantly. Pagero is a buying/selling cloud-based platform for businesses.
By incorporating artificial intelligence and “billions of pounds” worth of invoice data, Previse’s InstantPay platform seeks to make a smart assessment of whether invoices will be paid. Previse then unlocks bank capital to pay suppliers.
Steve Dempsey, Sales Director at Previse, commented on the partnership:
“It is time to bring embedded finance technology into the B2B space and give suppliers control over how they get paid. Pagero is an industry leader in end-to-end supply chain management and its P2P platform is second to none. We are excited to work with Pagero to embed the next generation of early payment solutions into its platform.”
Matt Hammond, Managing Director, Western Europe at Pagero, said that Previse’s embedded finance solution is unique and they look forward to collaborating with Previse to offer truly flexible supply chain management for all of their suppliers.