As the digital age advances, Previse are building the next-generation of B2B payment solutions by tapping into the power of smart data.
We connect to the vast flows of raw B2B data via our integrations with primary data sources such as enterprise ERPs, Procure to Pay platforms, and card networks. Our advanced AI and machine learning technologies then transform this complex and often fragmented landscape into meaningful, actionable insights.
These powerful data capabilities serve as the foundation for innovative tools and solutions that directly address the most significant challenges and inefficiencies facing B2B payment ecosystems. Now, we’re excited to announce the introduction of our next cutting-edge SmartPay solutions. These harness our capabilities to drive card adoption and maximize program value: SmartPay Accept and SmartPay Plan.
Traditional payment solutions have relied heavily on basic supplier and spend data to identify opportunities and encourage suppliers to accept a card. This data is often received as a flat file that ages quickly and results in disappointing outcomes. All too often, spend that could be eligible is overlooked, the benefits of card are not communicated effectively to suppliers, and those that do accept are disappointed with the experience.
By leveraging smart data Previse’s new solutions work alongside its core SmartPay payment automation technology to unlock new capabilities for payment automation, working capital optimization, and data-driven supplier enablement.
SmartPay Plan takes a strategic approach to spend analysis by leveraging deeper transactional ERP data, helping large corporate buyers reach their virtual card goals.
Thanks to this approach, SmartPay Plan can find hidden eligible spend and helps you develop a strategy for targeting it. With supplier-level insight it pinpoints opportunities, assesses program parameters, and quantifies the value of card for both buyers and suppliers.
SmartPay Accept is the first all-in-one acceptance insight platform that increases B2B virtual card uptake by suppliers.
It provides real-time insights about each supplier, quantifying the economic benefits of accelerated payments, and automatically generating tailored sales materials. These features build more effective enablement campaigns, increasing the speed of rollout and efficiency of the sales teams that lead the work.
Paul Christensen, CEO and Founder of Previse said:
“We’re excited about how these new solutions solve some of the biggest challenges faced by card programs. With the smart use of data intelligence information from ERPs, card networks and third-party sources are unified, into actionable insights.”
Trusted by banks, corporations and payment networks globally, these solutions equip you with the tools to strategically grow and strengthen your virtual card programs.
Start leveraging the power of data-driven SmartPay solutions to streamline supplier enablement and uncover hidden opportunities within your B2B payments. Contact us today to learn more!
