Previse Company Market Research Report
Company Overview
- Name: Previse Ltd
- Mission of the Company: Previse aims to turbo-charge B2B commerce by using trading data, with a vision where business data makes commerce efficient and fair for all.
- Founded: No information is available.
- Founders: No information is available.
- Key People in the Company: Paul Christensen (CEO and Founder).
- Headquarters: London, United Kingdom.
- Number of Employees: No information is available.
- Revenue of the Company: No information is available.
- What is the Company Known For: Previse is known for its use of AI to streamline financial B2B transactions, enhance decision-making, and enable instant payments for suppliers.
Products
Previse offers a suite of products focused on optimizing financial transactions for businesses through AI and automation.
1. SmartPay
- Description: A virtual card solution designed to automate early card payments.
- Key Features:
- Boosts working capital and rebate benefits.
2. SmartAccept
- Description: Supports salespeople in quantifying the economic value of B2B card acceptance.
- Key Features:
- Provides real-time insights, automates business case generation.
3. SmartPlan
- Description: Offers solutions to interrogate ERP data, to optimize SmartPay programs.
- Key Features:
- Deep transactional data analysis, supplier enablement, optimization scenarios.
4. Data Health Monitor
- Description: Automates the identification and resolution of data discrepancies.
- Key Features:
- Ensures consistency in financial data alignment.
5. Payment Automation
- Description: Automates invoice payment instructions for AP teams.
- Key Features:
- Ensures accurate, timely payments.
6. Supplier Payment Analysis
- Description: Analyzes payment operations to streamline efficiency.
- Key Features:
- Reduces operational variation, improves cash management.
7. Spend Analysis and Categorization
- Description: Automates spend data categorization for better visibility.
- Key Features:
- Insights into spending patterns and procurement efficiency.
Recent Developments
- New Products Launched:
- June 7, 2024: Introduction of the SmartPay Accept and SmartPay Plan, which focus on deep data integration to streamline B2B and virtual card payment solutions.
- New Features Added to Existing Products: No information is available.
- New Partnerships:
- Mastercard Partnership: Expansion of InstantPay platform through Mastercard’s cross-border services.
- Transcard Partnership: Strategic partnership to implant early payment discount solutions.
- Other Developments:
- US Expansion: In response to growing demand for early payment technologies, Previse is expanding its US presence.
- Patent: Previse announced a Notice of Allowance for a US patent on their innovative algorithmic assessment of invoices, revolutionizing B2B payments.
- Funding Round: Completion of an USD11 million funding round led by Reefknot Investments and Mastercard.
Conclusion
Previse is at the forefront of transforming B2B payment ecosystems through innovative AI products and strategic partnerships, all focused on optimizing financial transaction processes for enterprises, financial institutions, and fintechs. Their commitment to using data as a powerful tool underpins their consistent developments and partnerships in the financial services sector.
