Previse, Pagero partner to support early payment tech roll-out

Instant invoice payment firm Previse has partnered with e-invoicing business Pagero to enable instant, embedded finance to be delivered on the latter’s open business network.

Founded in 2016, Previse leverages AI technology to help suppliers get paid instantly. Its technology analyses invoice data from large corporates to identify invoices that will need manual oversight, whilst automatically paying those which do not.

Swedish firm Pagero is building an open business network that it claims takes care of the technical and regulatory requirements across a business’s entire order-to-cash, purchase-to-pay and freight processes.

According to Previse, the partnership will see Pagero roll out Previse’s early payment capabilities to its customers and give suppliers on the Pagero network the option of a ‘pay me now’ button the moment they generate an invoice.

Previse sales director Steve Dempsey said, “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.”

Pagero managing director for Western Europe Matt Hammond added, “Previse’s embedded finance solution is unique, and we are excited to bring this technology to our customers. We look forward to collaborating with Previse to offer truly flexible supply chain management for all of our suppliers.”

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