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WEX Inc. Recognized by InformationWeek as a Top 500 Technology Innovator for Third Consecutive Year
TelaPoint® SmartBuy 4 reduces companies’ fuel supply costs, provides real-time buying intelligence
For a quarter century, InformationWeek has tracked the technology, strategies, investments, and administrative practices of some of the best‐known organizations in the country. In 2011, 2012 and 2013, WEX earned a spot on this coveted list for its dedication to innovation. Most recently, this focus was reflected in the company’s investment in software, including WEX TelaPoint® SmartBuy 4, the most comprehensive and up-to-date fuel supply management and service platform.
“It’s an honor to once again achieve this esteemed award that
underscores our continued commitment to providing customers with cutting
edge, precision technology solutions driven by market needs,” said
In today’s highly volatile fuel market, companies can drastically reduce their annual fuel supply cost by strategically managing their choices. WEX TelaPoint® SmartBuy 4 combines more than a decade of fuel buying best practices and a robust set of speedy algorithms to bring real-time buying intelligence to all key players in the fuel distribution workflow, including supply managers, dispatchers, drivers and third party carriers. WEX TelaPoint® SmartBuy 4 manages the daily distribution of 35 million gallons of liquid fuel products including gasoline, diesel, ethanol, biodiesel, kerosene and jet fuel. Through the platform, users continually make thousands of wholesale fuel purchase decisions where small differences in pricing magnify across the enterprise to tens of thousands of dollars per day.
"The theme of this year's InformationWeek 500 is digital business. It's
a movement, rooted in data analytics, mobile computing, social
networking and other customer‐focused technologies that are turning
companies and industries on their ear," said
Previously, WEX was recognized for “Octane,” the first fuel site locator mobile app to combine real-time fuel price data and text-to-speech capabilities to direct drivers to the lowest fuel prices in the area.
Unique among corporate rankings, the InformationWeek 500 spotlights the
power of innovation in information technology, rather than simply
identifying the biggest IT spenders. The full list of winners appeared
both in the
For more than 30 years, InformationWeek has provided millions of IT executives worldwide with the insight and perspective they need to leverage the business value of technology. InformationWeek provides CIOs and IT executives with commentary, analysis and research through its thriving online community, digital issues, webcasts, proprietary research and live, in‐person events. InformationWeek’s award‐winning editorial coverage can be found at www.informationweek.com.
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