Major UK award for Previse

16 Jul 2018

Previse was recently named Digital Service Company of the Year at Computing's Digital Technology Leaders Awards 2018, in London.

The awards recognise the achievements of innovative individuals and companies who are delivering market-leading technology and providing an exceptional digital experience for customers.

Previse's entry focused on its unique technology which enables large buying companies to have even their smallest suppliers paid instantly.

The company's scalable artificial intelligence technology flips the standard model of supply chain finance on its head by shifting the risk assessment away from the supplier's credit standing to focus instead on the quality of the claim against the buyer.

Zartasha Chaudhry, Previse's Head of Business Development (pictured receiving the award) said, "Every year, 50,000 SMEs in the UK are forced to close due to cashflow issues caused directly by slow payments. We are transforming B2B trade so that suppliers of all sizes get paid instantly, unlocking $300 billion globally which can then be invested in boosting productivity and growing the world economy."

Last year, London based Previse opened a new development centre in Glasgow, creating 37 data science jobs.