Previse Limited

Previse InstantPay

Previse uses machine learning to enable organisations to pay their suppliers instantly. Our algorithms assess the likelihood of invoice payment and allow funders to pay most invoices immediately on receipt on the buyer's behalf, improving working capital for SMEs and delivering value to big organisations.

Features

  • Algorithm-driven invoice payment
  • Invoice data analytics

Benefits

  • Ability to instantly pay all suppliers
  • Receipt of a data access fee to the buyer
  • Improvement of working capital management for both suppliers and buyers
  • Access to payment process analytics
  • Opportunities for cost and working capital efficiencies

Pricing

£50000 per instance per year

  • Education pricing available

Service documents

G-Cloud 10

722717496324742

Previse Limited

David Brown

07771554562

david@previ.se

Service scope

Service scope
Software add-on or extension No
Cloud deployment model Public cloud
Service constraints None.
System requirements Buyers must have an ERP system w/ reporting capabilities

User support

User support
Email or online ticketing support Email or online ticketing
Support response times Target within 24 hours
User can manage status and priority of support tickets Yes
Online ticketing support accessibility WCAG 2.0 AA or EN 301 549
Phone support Yes
Phone support availability 9 to 5 (UK time), 7 days a week
Web chat support No
Onsite support Onsite support
Support levels Subject to commercial agreement with buyer
Support available to third parties Yes

Onboarding and offboarding

Onboarding and offboarding
Getting started We provide onsite training and a foster a close relationship with our buyers, helping along the supplier on-boarding process, to ensure all parties get the most from their experience with Previse. A dedicated on-boarding specialist will be made available.
Service documentation Yes
Documentation formats HTML
End-of-contract data extraction Via the API.
End-of-contract process Buyers are free to terminate the service at any time.

Using the service

Using the service
Web browser interface Yes
Supported browsers
  • Internet Explorer 11
  • Microsoft Edge
  • Firefox
  • Chrome
Application to install No
Designed for use on mobile devices Yes
Differences between the mobile and desktop service Our supplier portal provides mobile access to the same information as available on the desktop.
Accessibility standards WCAG 2.0 AA or EN 301 549
Accessibility testing N/A
API Yes
What users can and can't do using the API Our API consumes data from the buyer services and provides read-only information about payment lifecycle.
API documentation Yes
API documentation formats HTML
API sandbox or test environment Yes
Customisation available Yes
Description of customisation Buyers have control over the economics provided to suppliers for instant payment.

Scaling

Scaling
Independence of resources We run on a horizontally scalable Amazon Web Services platform.

Analytics

Analytics
Service usage metrics Yes
Metrics types Payment characteristics, supplier uptake, etc.
Reporting types
  • API access
  • Regular reports

Resellers

Resellers
Supplier type Not a reseller

Staff security

Staff security
Staff security clearance Other security clearance
Government security clearance None

Asset protection

Asset protection
Knowledge of data storage and processing locations Yes
Data storage and processing locations United Kingdom
User control over data storage and processing locations Yes
Datacentre security standards Complies with a recognised standard (for example CSA CCM version 3.0)
Penetration testing frequency At least every 6 months
Penetration testing approach Another external penetration testing organisation
Protecting data at rest
  • Physical access control, complying with CSA CCM v3.0
  • Encryption of all physical media
  • Scale, obfuscating techniques, or data storage sharding
Data sanitisation process Yes
Data sanitisation type
  • Explicit overwriting of storage before reallocation
  • Deleted data can’t be directly accessed
Equipment disposal approach A third-party destruction service

Data importing and exporting

Data importing and exporting
Data export approach Users can export their data via the API or through our standard reports.
Data export formats CSV
Data import formats
  • CSV
  • Other
Other data import formats
  • UBL
  • EDIFACT

Data-in-transit protection

Data-in-transit protection
Data protection between buyer and supplier networks TLS (version 1.2 or above)
Data protection within supplier network TLS (version 1.2 or above)

Availability and resilience

Availability and resilience
Guaranteed availability Our system is designed to heal in realtime and provide 99.99% availability.
Approach to resilience The system operates across three datacenters with hot/hot failover between nodes.
Outage reporting Email alerts

Identity and authentication

Identity and authentication
User authentication needed Yes
User authentication
  • 2-factor authentication
  • Identity federation with existing provider (for example Google Apps)
Access restrictions in management interfaces and support channels Access is provided on a per-buyer basis to our support teams, and by default, no Previse employee has access to sensitive client data.
Access restriction testing frequency At least once a year
Management access authentication 2-factor authentication

Audit information for users

Audit information for users
Access to user activity audit information Users contact the support team to get audit information
How long user audit data is stored for At least 12 months
Access to supplier activity audit information Users contact the support team to get audit information
How long supplier audit data is stored for At least 12 months
How long system logs are stored for At least 12 months

Standards and certifications

Standards and certifications
ISO/IEC 27001 certification No
ISO 28000:2007 certification No
CSA STAR certification No
PCI certification No
Other security certifications No

Security governance

Security governance
Named board-level person responsible for service security Yes
Security governance certified Yes
Security governance standards ISO/IEC 27001
Information security policies and processes We comply with the highest information security protocols when handling our business relationships. Any client data we receive is stored, processed and copied within a restricted, encrypted network. Only select colleagues can access this highly controlled environment, after multiple security checks. We also have extensive protocols for detecting and escalating data intrusions, and comply with security design principles that is based on best practices.

Operational security

Operational security
Configuration and change management standard Supplier-defined controls
Configuration and change management approach All change management goes through an authorized and audited control process, and changes are peer-reviewed for impact before being promoted across environments. Full regression tests [including security regressions] are run upon any change.
Vulnerability management type Supplier-defined controls
Vulnerability management approach We use Amazon's GuardDuty and similar services to notify us of threats.

Patches are deployed weekly along with any bug fixes or patches rolled out across our services.
Protective monitoring type Supplier-defined controls
Protective monitoring approach We use Amazon GuardDuty and proprietary monitors to identify incidents, along with regular audit checks performed by the CTO and COO.
Incident management type Supplier-defined controls
Incident management approach We provide a comprehensive view of our incident management policies in our information security document, including reporting to users that an incident has occurred, and immediate impact assessment and remediation.

Secure development

Secure development
Approach to secure software development best practice Supplier-defined process

Public sector networks

Public sector networks
Connection to public sector networks No

Pricing

Pricing
Price £50000 per instance per year
Discount for educational organisations Yes
Free trial available No

Documents

Documents
Pricing document View uploaded document
Terms and conditions document View uploaded document
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