SOUTH PORTLAND, Maine--(BUSINESS WIRE)--Feb. 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
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
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.
Source: WEX Inc.
News media contact:
Jessica Roy, 207-523-6763
Michael E. Thomas, 207-523-6743