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Wright Express Announces TelaPoint’s SmartBuy 4.0, First Online Solution for Fuel Suppliers to Combine Supply Management, Logistics Software

Upgraded tool compares fuel prices, tracks allocations to save money, time

SOUTH PORTLAND, Maine--(BUSINESS WIRE)--Mar. 15, 2012-- Wright Express Corporation (NYSE: WXS), a leading global provider of value-based business payment processing and information management solutions, announced today SmartBuy 4.0, a new addition to its TelaPoint product suite that provides the first online solution combining supply management and logistics software to help fuel suppliers compare fuel prices and track allocations. It enhances TelaPoint's original SmartBuy tool, which provides flexible and interactive fuel price analysis.

"Our customers told us they wanted a tool that would satisfy both their fuel supply management and logistics needs, and one that creates a bridge between the two functions within their businesses," said Greg D. Iverson, general manager of TelaPoint. "As part of our continued commitment to fuel suppliers, we invested significant resources building SmartBuy 4.0 to fulfill these needs, and to increase customers' fuel management efficiencies and cost savings."

SmartBuy 4.0 offers a variety of benefits:

  • Real-time allocation management ensures "rateability", or keeps track of the allocation of orders as they are placed and resourced or cancelled.
  • Dynamic sourcing allows users to see all open orders along with rerouting options for quickly taking advantage of opportunities such as day deal trades, which the tool can facilitate.
  • Google Maps integration helps users determine the laid-in cost, or the sum of the product and transportation cost, and subsequent best fuel prices for each order by using a delivery truck's last known location. It also incorporates travel costs between terminals when split loading, or loading truck and trailer combinations to their maximum capacity.
  • Exception tracking compares planned vs. actual orders, so if an order does not occur as expected, users can see why and how much it cost them, which can be used to trend costs (and improvement) over time.
  • SmartBuy 4.0 accepts price feeds from all data sources, allowing users to manage and compare various price types from a single platform.

About Wright Express

Wright Express (NYSE: WXS) is a leading provider of value-based, business payment processing and information management solutions. The company's fleet, corporate and prepaid payment solutions provide its more than 350,000 customers with unparalleled security and control across a wide spectrum of business sectors. The company's operations include Wright Express Financial Services, Pacific Pride, Wright Express Prepaid Cards Australia and Wright Express Fuel Cards Australia. Wright Express and its subsidiaries employ more than 850 associates in six countries. For more information about Wright Express, please visit wrightexpress.com.

TelaPoint, a product division of Wright Express, provides supply chain software solutions for petroleum distributors and retailers. For more information, please visit telapoint.com.

Source: Wright Express Corporation

Wright Express
Jessica Roy, 207-523-6763
jessica_roy@wrightexpress.com