WEX subsidiary, CorporatePay, to manage relationshipWEX Inc., a leading provider of corporate payment solutions, has announced an agreement with Conference Care, a leading event management and venue finding service, to provide the WEX Virtual Credit Solution.
Conference Care has over 18 years of experience in providing a highly personalised global solution as specialist venue finders and delivers complex Live Event Management. The company has award winning service levels and a reputation for being a superior expert in its field, demonstrated through the company having been named HBBA’s (Hotel Booking Agents Association) Agent of the Year in 2012 and Medium Agent of the Year in 2011. Having previously paid suppliers by cheque, Conference Care will now have improved reconciliation and increased automation of processes through the WEX Virtual Credit Solution, which will ultimately enable payments to be made quickly and more efficiently.
The WEX Virtual Credit Solution provides businesses with the ability to:
• Set precise controls for payment authorisations
• Streamline and automate payment reconciliation
• Earn revenue share on processed payments
• Utilise a straightforward, cost-effective system which can be seamlessly integrated into existing systems
Myles Stephenson, CEO of WEX subsidiary CorporatePay, said, “We are delighted to join forces with Conference Care. Our market-leading technology will enable Conference Care to enhance the efficiency of its operation, which in turn will result in cost savings to the business, and ultimately allow it to generate additional revenue going forward.”
“The WEX Virtual Credit Solution provides us with an efficient, streamlined system through which to manage payments to our suppliers, which will further enhance our offering as a whole. We very much look forward to working with WEX and converting to this system, which moves us on from our previously out-dated cheque process,” said Chris Peacock, Director, Conference Care.