Since 1987, WEX Benefits has been in the business of simplifying the administration of HSAs, FSAs, HRAs, Commuter Benefits, COBRA and more with innovative technology solutions.
WEX is a top-ten issuer of commercial payment purchasing solutions in the U.S. and the industry pacesetter in single-use virtual account and AP solutions.
WEX Fuel Cards & Fleet solutions are designed to streamline fuel and fleet expense management for businesses of all sizes. These solutions offer comprehensive tools to monitor and control fuel expenditures, enhance operational efficiency, and improve security. Key Features and Functionality: - Extensive Acceptance Network: WEX fuel cards are accepted at 95% of U.S. gas stations and over 45,000 service locations, ensuring drivers have convenient access to fuel and services nationwide. - Automatic Expense Tracking: The system captures detailed transaction data, including driver ID, fuel grade, and sales tax, eliminating the need for manual receipt collection and simplifying accounting processes. - Advanced Spending Controls: Businesses can set purchase limits based on product type, dollar amount, time of day, and more, providing tailored control over employee spending. - Real-Time Monitoring and Alerts: The platform offers real-time transaction monitoring and customizable alerts to promptly detect and address unauthorized activities. - Mobile Account Management: With the Fleet SmartHub app, users can manage accounts, view transactions, and control cards from any mobile device, offering flexibility and convenience. - Exclusive Discounts: Through the WEX EDGE savings network, customers gain access to discounts on fuel, tires, hotels, wireless services, and more, enhancing overall savings. Primary Value and Solutions Provided: WEX Fuel Cards & Fleet solutions address the challenges of managing fuel expenses and fleet operations by offering a centralized platform that enhances control, security, and efficiency. By automating expense tracking and providing detailed reporting, businesses can make informed decisions to optimize fleet performance and reduce costs. The extensive acceptance network ensures drivers have easy access to fuel and services, minimizing downtime. Advanced security features and spending controls help prevent fraud and unauthorized purchases, safeguarding company resources. Additionally, the integration of mobile management tools and exclusive discounts further supports businesses in achieving operational excellence and financial savings.
WEX (NYSE: WEX) is the global commerce platform that simplifies the business of running a business. WEX has created a powerful ecosystem that offers seamlessly embedded, personalized solutions for its customers around the world. Through its rich data and specialized expertise in simplifying benefits, reimagining mobility and paying and getting paid, WEX aims to make it easy for companies to overcome complexity and reach their full potential. For more information, please visit www.wexinc.com.