WEX offers an accounts payable (AP) automation solution that simplifies payment processes and generates new revenue streams. The system utilizes virtual cards and a dedicated team to engage suppliers, helping businesses increase revenue through rebates while optimizing their AP workflows.

Key Features

Customizable Platform Optimize payment processes with automated reconciliation and easy ERP integration

• One platform for seamless B2B payments
• Automated reconciliation capabilities

Virtual Card Payments Enhance security and control over transactions

• Custom spend limits
• Real-time transaction monitoring
• Reduced ACH and check fraud

Supplier Enablement Maximize virtual card acceptance and revenue potential

• Dedicated WEX team for supplier enrollment
• Expert assistance to increase virtual card adoption

Invoice Settlement Integration Streamline payment processes with integrated invoice handling

• Convert check payments to virtual cards
• Process thousands of invoices quickly
• Simplify credit card payment reconciliation

Benefits

Increased Revenue Generate additional income through rebates

• Virtual card payments yield rebates
• Supplier enablement maximizes card acceptance

Enhanced Security Improve payment security and reduce fraud risks

• Virtual cards for secure, one-time payments
• Advanced transaction control and monitoring

Simplified Processes Streamline accounts payable workflows

• Automated reconciliation
• Easy ERP integration
• Reduced manual processing

Cost Reduction Lower operational expenses and eliminate certain reporting requirements

• Reduced check costs
• Elimination of 1099 reporting for virtual card payments