More Companies Taking Advantage of TelaPoint Tool to Increase Fleet Efficiency and Cost Effectively Manage Market Volatility
SOUTH PORTLAND, Maine--(BUSINESS WIRE)--Jun. 6, 2012-- Wright Express Corporation (NYSE: WXS), a leading global provider of value-based business payment processing and information management solutions, today announced that its TelaPoint fuel solutions product has succeeded in managing over 30 billion gallons of fuel.
Wright Express has built a strong reputation with its TelaPoint customers and the petroleum industry as a provider of choice for supply chain solutions to help optimize fuel purchases and processes, enabling customers to quickly adapt to changing market demands. The TelaPoint product offers fuel supply chain software and services for petroleum distributors, retailers, and purchasers of bulk fuel. TelaPoint software and the related Fuel Advisor outsourced solutions are utilized in over 39,000 locations throughout the United States.
"Reaching the 30 billion gallon milestone shows that a growing number of organizations are looking for solutions to reduce inventory carrying costs, lower overall fuel and transportation costs, improve fuel margins, and manage deliveries more efficiently - particularly in volatile markets," said Greg Iverson, general manager of TelaPoint. "We value our current relationships and are looking forward to helping more organizations more effectively manage their fuel supply and improve margins by utilizing our solutions."
To learn more about the TelaPoint product, please view our Fuel Advisors video at http://clients.rakacreative.com/mccabe_duval/wrightexpress/telapoint/rnd3/we_demo_player.html.
About Wright Express
Wright Express 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, rapid! PayCard, Wright Express Prepaid Cards Australia, Wright Express Fuel Cards Australia and CorporatePay Limited, England. Wright Express and its subsidiaries employ more than 900 associates in six countries. For more information about Wright Express, please visit wrightexpress.com.
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Source: Wright Express Corporation
Jessica Roy, 207-523-6763