Right now, you might see corporate payment solutions as a way to meet obligations to suppliers. But with WEX, B2B payments can save you money, help you negotiate better terms, build supplier loyalty, and even boost your revenue. WEX will work with you to expand your capabilities, simplify your process, and help you find the most value in every payment.
Virtual credit cards improve AP operations through transparency and efficiency. You also get complete flexibility to set controls on spending amount, date of usage, payee, and more, eliminating unauthorized transactions and card theft while maximizing rebates.
Regardless of whether you pay suppliers with ACH, check, or virtual card, WEX can automate these payments in one streamlined platform. Our solution maximizes the use of virtual card numbers—helping you create value from every payment. Switching from checks to electronic payments will save your company from $8 to $20 per payment. Plus, we have a dedicated team to engage and enroll your suppliers to accept virtual payments.
Modern payment technology not only reduces the cost of paying suppliers, but it can also create value beyond the payment. But it needs to be built on forward-looking platforms that can quickly and easily adapt to new business models – while maintaining rock-solid security at the core. That describes the WEX platform perfectly.
Make your team more efficient by migrating Accounts Payable from a paper-based process to an automated accounts payable system that leverages virtual payments and a variety of commercial cards.
Manage fuel, purchasing, and travel expenses with physical and/or ghost cards, this means 100% electronic expense reporting and the ability to earn up to 2% cash back on purchases.
Advanced functionality, simple API integration with almost any ERP, and compliance for your corporate payments
Integrate card and non-card payments across card schemes to maximize supplier acceptance
Supplier enablement expertise that helps drive better adoption of virtual payments with vendors