Legendary Investments Investee Virtualstock Partners With Previse

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LONDON (Alliance News) - Legendary Investments PLC said on Wednesday that investee company Virtualstock has partnered with Previse to deliver a fully integrated purchase to pay supply chain system with cash on delivery for suppliers in the UK.

Previse is an artificial intelligence based instant supplier payment decision company. The two supply chain technology companies will enable clients to merge their accounts payable and procurement functions, enabling suppliers to get cash-on-delivery.

Buyers will be able to manage their catalogues, contract pricing, inventory and purchases as well as track deliveries through Virtualstock's The Edge platform

Virtualstock has a partnership with NHS Shared Business Services and The Edge platform is used by retailers such as Tesco, John Lewis and Argos.

"We are delighted at this development. Virtualstock's ability to provide seamless real-time data exchange between disparate systems has been and is being successfully applied in supply chains of the retail and health sectors," said Legendary Chairman Zafar Karim.

"With this partnership with Previse, Virtualstock is connecting to the key, fast growing areas of Artificial Intelligence and Fintech thereby further increasing the sector-wide applicability and value add of Virtualstock. The partnership will be key to opening up new markets for Virtualstock in the coming years," Karim added.

Shares in Legendary were up 8.4% at 0.08 pence on Wednesday.

By Lucy Heming; [email protected]

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