WEX is a global leader in supplier payment solutions, for more than 15 years we have helped our customers to gain a competitive edge with simplified accounts payable processing.
We reduce the complexities of payment systems across industries including travel, insurance & warranty, construction, media, aviation and eCommerce – giving our customers and partners deeper insight into and greater control over their businesses.
Our virtual payments solution is a touch free and real-time secure payment method that is accepted by suppliers via existing networks. Virtual payments help businesses:
- Cut administration and overhead in accounts payable with auto-reconciliation and access to enhanced data for improved reporting
- Save up to 3% on cross-border payments to global suppliers, while avoiding risk from exchange rate fluctuations where possible
- Earn money on payments that are already made – creating new revenue streams
- Enhance cash flow with access to extended payment terms at no cost
- Pay suppliers faster and avoid late payments helping to build stronger relationships with suppliers
- Reduce payment fraud and disputes with access to a range of customisable controls