South Portland, Maine (February 24, 2014) - WEX Inc. (NYSE: WEX), a leading provider of corporate payment solutions, today announced it will now offer the WEX TelaPoint mobile application for its TelaPoint® users, providing the ability to access key functions from mobile devices. The TelaPoint product is part of the WEX Fuel Management product suite, which is designed to help optimize fuel purchasing for fuel retailers, wholesalers and commercial fleets.
The TelaPoint product helps fuel outlets and fleets seamlessly manage inventory, forecast delivery projections and plan orders. TelaPoint automates data collection to support a variety of tank gauge and accounting system processes, such as calculating hourly or daily usage history and usage trends. The WEX TelaPoint mobile application extends WEX Fuel Management’s suite of cloud-based software to mobile devices. Users can view inventory-managed site details including order specifics, tank statistics and graphs, inventory readings, alert information and delivery information.
The TelaPoint product provides an effective communication architecture that brings more efficient business processes, cost savings and valuable business intelligence throughout each stage of the supply chain. Convenience stores, fuel outlets and fuel suppliers can increase company efficiencies and improve buying and administrative operations.
“We are excited to provide TelaPoint users with access to our application from their mobile devices,” said Tom Wagner, director, WEX Fuel Management. “The application captures the most highly relevant data and functionality we have, providing users the ability to access key functionality from mobile devices. We believe that this will be a great addition to the WEX Fuel Management’s customers’ toolset and will be well received by those who support the 24X7, 365 day a year fuel business.”
About WEX Inc.
WEX Inc. (NYSE: WEX) is a leading provider of corporate payment solutions. From its roots in fleet card payments beginning in 1983, WEX has expanded the scope of its business into a multi-channel provider of corporate payment solutions representing more than 7.7 million cardholders and offering exceptional payment security and control across a wide spectrum of business sectors. The Company’s operations include WEX Bank, Fleet One, Pacific Pride, rapid! PayCard, WEX Australia, WEX New Zealand and WEX Europe, as well as a majority equity position in UNIK S.A., Brazil. WEX and its subsidiaries employ more than 1,400 associates. For more information about WEX, please visit http://www.wexinc.com.